First Quarter Market Report 2018 compared to 2017 Palm Beach Sales: Homes & Condominium

April 20, 2018 by · Leave a Comment 

Dear Clients, Colleagues, Friends, and Family:


Palm Beach Real Estat is  the hottest market in the country without a doubt!… just check out our market reports.
After a robust Season we are proud to present a comparative analysis of our 2018 First Quarter Report in comparison to our 2017 First Quarter Market Report.  Our findings are comprised of the Palm Beach Sales in the First quarter of both years in the designated areas.  Single family homes clearly were the winners in 2018.. out selling the prior year by two to one or more in each designated sales area.
Area  1 homes… 20 sold in 2018… compared to: 14 sold in 2017
Area 2 homes… 15 sold in 2018….compared to: 7 sold in 2017
Area 3 homes…   7 sold in 2018… compared to:  2 sold in 2017
Area 2 condos.. 44 sold in 2018…compared to: 46 sold in 2017
1st Qtr. 2018 Market Report update calculations:
Area 1: (Inlet Drive to Wells Road) 20 homes SOLD –
Average price: $7,391,086 – Average per sq.ft. $1,127
Highest priced per sq.ft. 1473 N. Ocean Blvd. – $2,212
Lowest priced per sq.ft. 1435 N. Ocean Way – $605
Area 2: (Wells Road to Worth Avenue) 15 homes SOLD –
Average price: $4,497,533 – Average per sq.ft. $997
Highest priced per sq.ft. – 151 Chilean Ave – $1,752
Lowest priced per sq.ft. – 335 Cocoanut Row – $189
Area 3:(Worth Avenue to Sloan’s Curve) 7 homes SOLD 
Average price: $9,847,471 – Average per sq.ft. $1,157
Highest priced per sq.ft. – 1045 S. Ocean Blvd. – $2,122
Lowest priced per sq.ft. – 21 Sloans Curve – $266
Area 2: CONDOS (Worth Avenue to Wells Road) 44 condos SOLD 
Average price: $1,609,436 – $854/sq/ft.
Highest per sq. ft. – 100 Worth Avenue #610 – $1,816/sq.ft.

1st Qtr. 2017 Market Report update calculations:

Area 1: (Inlet Drive to Wells Road) 14 homes SOLD –
Average price: $8,256,598 – Average per sq.ft. $1,173
Highest priced per sq.ft. 149 E. Inlet Drive  – $3,309
Lowest priced per sq.ft. 223 Orange Grove Road – $596
Area 2: (Wells Road to Worth Avenue) 7 homes SOLD –
Average price: $3,503,428 – Average per sq.ft. $934
Highest priced per sq.ft. – 346 Brazilian Avenue – $1,221
Lowest priced per sq.ft. – 263 Park Avenue – $458
Area 3:(Worth Avenue to Sloan’s Curve) 2 homes SOLD –
Average price: $46,150,000 – Average per sq.ft. $2,926
Highest priced per sq.ft. – 1290 S. Ocean Blvd. $4,756
Lowest priced per sq.ft. – 146 Gulfstream Road $1,097
Area 2: CONDOS (Worth Avenue to Wells Road) 46 condos SOLD
Average price: $1,115,524 – $582/sq/ft.
Highest per sq. ft. – 2 N. Breakers Row #S44 – $4,121/sq.ft.
Thank you for a fabulous season… we appreciate working with you!  This year was another banner Season for us… We are proud to continue our community support of the Society of the Four Arts, particularly the fabulous Churchill Lecture by Lord Alan Watson and the William F. Buckley Lecture;as well as our continued support of our outstanding Palm Beach Civic Association at the annual “Toast to the Town” held at the Flagler Museum on April 16th… truly a Palm Beach favorite event, which was attended by over 400 who truly enjoyed it.  Check out the Civic Association web site…become a member today!

Family Homes In Palm Beach

April 8, 2018 by · Leave a Comment 

We all remember our childhood homes where we grew up with fond memories of our loved ones. It doesn’t matter if it was big or small, luxurious or simple, the home where we grew up in will always have a special place in our hearts. Now that you have your own family, it’s time for a new home and new memories.



1556 N Ocean Boulevard, Palm Beach, Florida

This 1-story Spanish style home has a simplistic beauty. First built in 1939 but has been meticulously maintained. Located on the corner of North Ocean and Caribbean Road, just south of the Inlet and Annie’s Dock. It’s a 4-bedroom, 3-bathroom home with its own pool and you are just a walk away from the North End Beach. It’s nicely situated in a secure and private community. Priced to Sell!


229 Pendleton Avenue, Palm Beach, Florida

This gorgeous 5-bedroom, 5-bath home was first built in 1950 but has been renovated into a masterpiece and has been well-maintained ever since. The kitchen and the bathrooms both have marble countertops which gives it a sophisticated appeal.  There’s a room downstairs that can be used as an office or a den but it also can be converted to a bedroom. Flexible Lease: $36,000/mo. 6 month lease, $40,000 – 1 month seasonal lease, $10,000 per week.


200 Everglade Avenue D, Palm Beach, Florida

This lovely two-story townhouse was first built in 1978, and was well-maintained. It’s a 3-bedroom, 3-bath that boasts an amazing rooftop terrace. The home has a wonderful floor plan, with bleached hardwood flooring throughout the whole house. There is also a personal one-car garage. Just minutes away from the beach and the many shops and restaurants in the area. Low maintenance fee, pets allowed, no weight restrictions. Ability to lease often.


If you are looking for your dream home in Palm Beach, then we at Linda R. Olsson, Inc., are here 24/7 and ready to help. We are an independent, locally owned real estate firm that have been in the business for over 28 years and have an extensive knowledge of the real estate market. We are known for our professionalism, superior customer service, expert negotiation skills, unrivaled web site.  Recognized by the Wall Street Journal as one of “”America’s Best Real Estate Agents”… let our expertise work for you.





What makes 200 Everglades Avenue… a Perfect-Pied’-A-Terre? Flexibility!

April 5, 2018 by · Leave a Comment 

Dear Clients, Colleagues, Friends, and Family:
What makes 200 Everglades Avenue… a Perfect-Pied’-A-Terre?  Flexibility!
Low maintenance Fee …$2,250 per quarter...includes, water, landscaping, building insurances, regular maintenance, and management.  Yearly $1,000 fee to add to reserve fund.
Ability to lease often Enjoy the property yourself, or utilize it for a guest house for friends, and family…Not planning to be in town?  Lease it when your not in residence, no interviews or applications required.  Purchase a great asset that generates income without the building restrictions, rules and regulations that are inherent with a condominium.
Pets allowed, no weight restrictions… allows you or your tenant any size dog or dogs.
Privacy aboundsthis town home lives like  a home.. no doorman, no  food smells in the lobby, or noisy neighbors.
This charming  three bedroom, three bath  two-story townhouse is in impeccable condition including bleached hardwood  flooring throughout, wonderful kitchen, laundry room,  marble baths, and fabulous closet space. Boasting a fabulous 400 sq. foot roof top terrace, the property has an open floor plan,  and one-car garage. 
Truly a rare find, this wonderful townhome is in the best location in town… just steps away from the beach, the bike trail, shops, restaurants, Publix, and Houses of Worship.
Situated on the corner of County Road and Everglades Ave., built in 1978, the French Normandy complex consists of a low-rise two story complex on the North side of Everglades Avenue with five town homes, including the subject property, on the South Side of Everglades Avenue, with the driveway and entrance on South County Road.
Don’t miss this unique opportunity… these units rarely come available on the market.  You will adore this charming Palm Beach Pied – a’- Terre… it  is just perfect for you, your friends and family…Priced at only $1,695,000… it does not get better than this!


Renovate or Build your Dream Home in Palm Beach?

March 19, 2018 by · Leave a Comment 

Dear Clients, Colleagues, Friends, and Family:
Can’t find your perfect home or condominium?  Purchasing a home or condominium is an emotional experience and it is important to make it yours… a place to truly call your own, to suit your distinctive style and taste… Building new or renovating may be the answer! 
This is your opportunity…We just listed 1556 North Ocean Blvd., Palm Beach and 218 Debra Lane, both candidates for renovation or tear-down.  The North End has really become the Hot Spot for young families in a quiet location perfect for bike riding and just a short walk to the best beach in Town! 
March is the time to buy any condominium that you love and want to renovate…as Palm Beach condominium renovations are allowed in the off Season from May to November… Check out our Penthouse listing at the Prestigious Winthrop House, this unit is ready for renovation… newly priced!
Please preview all listed properties on our fabulous website: We have pocket listings too… Build your dream home on this approx. 20,220 sq. foot lot situated on a prestigious ocean block street.. Asking $7,995,000.  Please contact us for details .
Whether your buying or sellingContact us for superior service and expert advise. We appreciate the opportunity to work with you!

(In The News) The Villas on Worth Avenue has been longtime family home

March 7, 2018 by · Leave a Comment 


Ken and Barbara O’Herron’s history with The Villas — the lakeview co-operative building on the west end of Worth Avenue — goes way back.

“Ken’s parents had lived in Penthouse B for more than 30 years and we inherited the unit,” Barbara O’Herron says about the building at 425 Worth Ave.

“Ken’s aunt and uncle also lived at The Villas, and then a few years ago, we had the opportunity to buy our apartment, 2C. Ken and I love it.”

The O’Herrons live in Raleigh, N.C., and spend the winter months in Palm Beach. But now that their family is growing to include grandchildren, they are looking for something a little larger on the island, and they are selling their three-bedroom, three-bathroom unit on the second floor.

With 2,746 square feet of living space, inside and on its balconies, the unit is listed for sale at $4.995 million through broker Linda Olsson of Linda R Olsson Inc.

The six-story building was built in 1971 with six units on floors 2 through 5 and three penthouses on the top floor. Three banks of elevators open to a vestibules accessing two units each.

One enters the O’Herrons’ apartment from the vestibule into a foyer that leads, in turn, to a central hallway. On the south side of the unit are the living room and sitting room, flanked by the master suite and guest bedroom suite. A balcony runs along the entire south side. North of the center hallway are the dining room — with its own terrace — along with the kitchen and a bedroom suite. All of the windows and doors have impact-resistant glass.

“Our current apartment is more spacious than our penthouse was, and we like the configuration better,” Barbara O’Herron says. “We like that our guest room is on one side and the master is on the other, providing a little more privacy for us and our guests.

“Both bedrooms are just the about the same size and they are on the Worth Avenue side of the building.”

With a gentle curve, the building is on the north side of the Avenue and stands one building east of Cocoanut Row, a location that makes it convenient to shopping and dining.

The O’Herrons’ apartment affords direct views of the Intracoastal Waterway and Everglades Island across the Avenue.

“We feel we are on a cruise ship, and there’s lots of light in our apartment,” she says. “It’s serene and the sunsets are beautiful. We also have a pretty northern exposure, looking out over rooftops and Major Alley, one of my favorite little areas in Palm Beach.”

Their unit was renovated by the previous owners, she adds.

“We were very fortunate. Our taste is very much the same as their taste, so we just painted and papered,” she explains.

“It was fun to repurpose the furniture and move it around. Everything fit, making us feel that we had made wise choices about our furnishings.”

The apartment features molding and recently refinished parquet floors in the main areas, a decorative fireplace in the living room and carpeting in the bedrooms.

With a soft color palette, the living room and sitting room are separated by a bank of French windows and doors. The dining room walls are papered in historical scenes by Zuber et Cie.

The master bathroom is finished in marble and the bathroom in the guest suite features a floor of Waterworks tile in a woven pattern. The stone countertop has Sheryl Wagner sinks, and the tub surround is marble.

The kitchen has a painted hardwood floor with a Delft (a city in the Netherlands famous for its blue and white ceramics) feel, smoky-blue granite countertops, a mirrored backsplash and professional-grade appliances.

The lobby of The Villas was renovated two years ago by Palm Beach interior designer Scott Snyder. Amenities include a full-time manager, door staff, garage parking and a generator. It’s a pet-friendly building, allowing one pet up to 20 pounds per unit.

“We have been very happy here,” Barbara O’Herron says, “but we are happy to be making a change and thinking about our family.”

Article Source: Palm Beach Daily News

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