Davidg Lambert News Today

The Palm Beach Town Council appointed nine members Tuesday to the towns architectural, landmarks and retirement boards.

NewsSocietyShiny ShotsArtsReal Estate NewsLifestyleUSA TODAYObituariesE-Edition Another Palm Beach flip: House sold in December for $7M resold for $11M The house built in 1965 will be replaced by a new one to be developed on speculation, says Carl Sabatello of Sabatello Cos. Palm Beach Daily News A pair of Palm Beach real estate investors just flipped, for $11 million, a North End house their company bought in December for $7 million, according to the prices recorded at the courthouse. A Florid...

Check off the sale of another new high-end house developed on speculation in Palm Beach. The sale also testifies to the demand for lakeside properties, especially those with deepwater docks, which have become increasingly scarce of late in the islands grab-and-go real estate market. In the latest of those deals, developer and builder Malasky Homes has sold, for a reported $19.25 million, a just-completed Bermuda-style house on a lakefront property at 1280 N. Lake Way, about midway between the...