Palm Beach, Fla.
Agent: Paulette Koch, Corcoran
Price: $6,500,000
Time on Market: 4 months
A Great Find...
The late John Volk, a highly regarded Palm Beach architect, custom-designed this home in the 1940s. A complete renovation in 2000 included a staff room addition and full bathroom updates for each of the five bedrooms. The asking price has dropped $300,000 since it went on the market in April.
...For the Right Buyer
Unlike most of the high-end estates in Palm Beach, which sit on oceanfront properties, this home is landlocked. Potential buyers will have to be more interested in condition than location, and will most likely be seeking a secondary home, according to the property's agent, Paulette Koch.