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recent real estate transaction in Palm Beach saw a non-waterfront property change hands for a whopping $17.1 million, marking a significant increase of $6.8 million from its previous sale in 2020. The transaction was facilitated by Spencer Schlager of Douglas Elliman, who represented both parties involved in the deal.

    The selling entity, a trust named after the property's address and managed by local attorney Maura Ziska, sold the 6,200-square-foot house at 201 Dunbar Road to Six S 201 Dunbar Trust, managed by attorney Elaine Bucher. The property spans half an acre of land and boasts five bedrooms and five bathrooms, along with a pool and a one-bedroom guest house.

    The property was previously owned by longtime Palm Beach restaurateur and real estate developer Franklyn deMarco, who bought the land for $3.8 million in 2016. DeMarco built the house in 2019, according to property records. The house was listed on the market in February this year for $19.9 million, reflecting a significant increase in value since its last sale.

    The sale took place in September, during the island's slow season, which followed a summer of surprising activity in the real estate market. In July, the oceanfront estate of late Barnes & Noble founder Leonard Riggio went into contract after listing for $96 million. Additionally, investor Daren Metropoulos made a splash this summer when he purchased the historic oceanfront Casa Amado estate in an off-market deal for $148 million, which is the island's second most expensive transaction this year.

    In July, a waterfront spec mansion was sold for $28.9 million, while Jeanne Siegel, the widow of media magnate Herbert Siegel, sold her lakefront mansion for $51.6 million. These transactions indicate a thriving real estate market in Palm Beach, despite being in the island's slow season.