P
alm Beach's high-end real estate market is experiencing a surge, with luxury home sales skyrocketing since Donald Trump's election victory. A new $18.95 million listing at 142 Via Palma has hit the market, just steps from Mar-a-Lago, and is one example of the demand in the newly coveted "Presidential Security Zone."

    According to appraiser Jonathan Miller, the number of $10 million-plus listings under contract in Palm Beach jumped 400% year-over-year in November and December, with sales volume exploding by over 612% to nearly $291 million. In contrast, there were only three such listings under contract in the same period last year.

    This new listing is a grand estate designed for entertaining, featuring soaring ceilings, a massive fireplace, and formal living spaces that open to a sprawling terrace overlooking a heated lap pool. The 7,600-plus-square-foot residence has four bedrooms, six baths, and lush terraced gardens crafted by Nievera Williams.

    The neighborhood surrounding Mar-a-Lago has transformed into an ultra-exclusive enclave due to the heightened security presence. "This unique neighborhood has become an 'enclave within the enclave' of Palm Beach Island," says Margit Brandt of Premier Estate Properties, who holds the listing and has been involved in several major deals in the area.

    Brandt notes that demand is soaring from both political supporters and savvy investors, with buyers drawn to the area's glamour and exclusivity. "The enthusiasm from many of the buyers is significant," she says. "It's like King's Landing." Even non-political buyers are flocking to Palm Beach, attracted by the media spotlight and the island's image.

    Brandt has several other major listings in the area, including a forthcoming $16.9 million combined property at 123 and 127 Murray Road and a just-closed $27.5 million sale at 120 Clarendon. The area is expected to remain highly sought-after due to its exclusivity and proximity to Mar-a-Lago.