Patch Reef Estates homes for sale

Counting $1M+ homes only.

For sale

3

Median sale

$5.25M

Months of inventory

7.2

Counting every home, at every price.

For sale

3

Median sale

$5.25M

Months of inventory

7.2

Homes for sale

3

Under contract

0

Sold, last 12 months

5

Median sale price (12 mo)

$5.25M

Median $ per living sf (12 mo)

$827

Months of inventory

7.2

Median list price (active)

$12.00M

Homes on county roll

118

Homes for sale

3

Under contract

0

Sold, last 12 months

5

Median sale price (12 mo)

$5.25M

Median $ per living sf (12 mo)

$827

Months of inventory

7.2

Median list price (active)

$12.00M

Homes on county roll

118

Counting Patch Reef Estates homes at $1M and above: 3 homes listed for sale and 0 under contract as of Oct 31, 2026 2:42 PM ET, against 5 closed sales in the last 12 months. At 7.2 months of inventory, Patch Reef Estates is a market leaning toward buyers: buyers have room to negotiate on price and terms. Closed sales over the last 12 months ranged from $2.65M to $6.60M, with a median of $5.25M and $827 per living square foot (under air). Active listings ask a median $12.00M at $1,477 per living square foot. That asking level sits 79% above what actually closed per square foot, a gap buyers can negotiate against. Sellers who closed accepted a median 90% of their final list price, after a median 67 days on the market. 88.1% of homes carry a Florida homestead exemption, so owners are mostly full-time residents. 1 home closed in the last 90 days, in line with the 12-month pace of about 1.2 per quarter. Current listings by price: 0 $1M to $2M, 1 $2M to $5M, 2 $5M and up. The most recent closing was 4475 NW 24th Terrace at $2.65M on 2026-10-02. The county appraiser's median market value for a home here is $2.61M, a tax-roll figure that typically trails what homes actually sell for. HOA fees on current listings are $1,300 per month. Figures refresh every hour from BeachesMLS via CoreLogic Trestle (IDX) and the Palm Beach County Property Appraiser; the tables below list every $1M+ home for sale, under contract and sold in the last 12 months.

Patch Reef Estates has 3 homes listed for sale and 0 under contract as of Oct 31, 2026 2:42 PM ET, against 5 closed sales in the last 12 months across 118 homes on the county roll. At 7.2 months of inventory, Patch Reef Estates is a market leaning toward buyers: buyers have room to negotiate on price and terms. Closed sales over the last 12 months ranged from $2.65M to $6.60M, with a median of $5.25M and $827 per living square foot (under air). Active listings ask a median $12.00M at $1,477 per living square foot. That asking level sits 79% above what actually closed per square foot, a gap buyers can negotiate against. Sellers who closed accepted a median 90% of their final list price, after a median 67 days on the market. 88.1% of homes carry a Florida homestead exemption, so owners are mostly full-time residents. 1 home closed in the last 90 days, in line with the 12-month pace of about 1.2 per quarter. Current listings by price: 0 under $2M, 1 $2M to $5M, 2 $5M and up. The most recent closing was 4475 NW 24th Terrace at $2.65M on 2026-10-02. The county appraiser's median market value for a home here is $2.61M, a tax-roll figure that typically trails what homes actually sell for. HOA fees on current listings are $1,300 per month. Figures refresh every hour from BeachesMLS via CoreLogic Trestle (IDX) and the Palm Beach County Property Appraiser; the tables below list every home for sale, under contract and sold in the last 12 months.