An investor bought a Palm Beach site for $9 million in 2023 and built a seven-bedroom mansion; the new home is now under contract for $32 million amid a foreclosure suit

A newly completed mansion at 301 Plantation Road in Palm Beach is on the market with an asking price of $32 million. It is the most expensive of 21 luxury deals signed across Palm Beach County between Nov. 2 and Nov. 8, and it is at the centre of a foreclosure case that began in October, The Real Deal reported. The seller is an LLC managed by investment banker Roberto de Guardiola. The entity paid $9 million for the property in 2023, according to public records.

Pic credit: Redfin

This year, it fell behind on a $22 million mortgage, and the lender responded by filing a foreclosure suit in October. The house itself was completed this year. Margit Brandt of Premier Estate Properties holds the listing and is often ranked among the top two brokers in Palm Beach by sales volume.

Pic credit: Redfin

A Palm Beach estate completed this year

Pic credit: Redfin

The brand-new estate is on the North End of Palm Beach Island. The listing on Redfin says it was completed in spring 2026. It spans more than 9,000 square feet and has seven bedrooms, eight full bathrooms and three half-bathrooms. The ceilings measure 11.5 feet, giving the formal rooms plenty of height and making the home ideal for entertaining. The kitchen is equipped with Gaggenau and Sub-Zero appliances.

Pic credit: Redfin

The primary suite is particularly luxurious and includes two marble bathrooms, custom closets, a fireplace and private terraces. Outdoors, a covered loggia with its own fireplace overlooks a 54-foot double infinity-edge pool, with a spa and cabana nearby. Vesta Home staged the interiors, and every piece is available for purchase. The house’s modern conveniences include an elevator, a two-car air-conditioned garage with separate service parking, a generator, automated shades, impact windows and a full security system.

Pic credit: Redfin

Pic credit: Redfin

A busy week at the top of the market

The high-end market remained active this week, according to Douglas Elliman’s Eklund Gomes team, which tracks every residential listing in the county priced above $3 million. Buyers signed 21 contracts, with a combined asking volume of $206.5 million. The week before, 17 contracts carried $202.7 million.Sixteen of the new contracts were for single-family homes. Those houses totalled $174.8 million in asking volume, or about $10.9 million on average. They averaged $1,884 per square foot and had spent an average of 244 days on the market before going under contract, a long wait compared with the rest of the group.The other five contracts were for condominiums. Their asking volume came to $31.8 million, an average of $6.4 million each, or $2,421 per square foot. Those units had spent an average of 32 days on the market. Condominiums were therefore selling considerably faster than houses this week, and the gap in days on the market is one of the clearest patterns in the figures.