Thinking about relocating to Palm Beach Florida?

August 14, 2018 by · Leave a Comment 

Thinking about relocating to Florida to take advantage of Florida’s tax benefits? Florida has no state income tax, which means Social Security retirement benefits, pension income and income from an IRA or a 401(k) are all untaxed. Florida has no estate or inheritance tax. Property and sales tax rates are close to the national averages.
 
“Many millionaires are moving to Palm Beach, the home of Trump’s Mar-a-Lago resort, to avoid an increase in taxes”Reuters.  According to Newsweek 11/2017, “The Republican tax plan has America’s one percent worried about facing steeper levies on their income, and fat cats in the Northeast may have found a solution: Flee to Florida.” “Fifty-One of the world’s billionaires call Florida home, half of the top 10 billionaires in the State reside in Palm Beach”- Forbes’ 2018 list. 
For Over 28 years…Specializing in Palm Beach Luxury Properties…let our expertise work for you.  Recognized by the Wall Street Journal as one of “America’s Best Real Estate Agents” known for professionalism, superior customer service, and unrivaled website: LindaOlsson.com.  We utilize our experience, resources, and global connections to unite extraordinary people with extraordinary properties. We hope you enjoy the enclosed First Quarter Market Report. Should you have any questions, please contact us. We are ready to help you with all your real estate needs.
 
Preserve your Wealth…Relocate to Florida…Contact us for Experience you can Trust!
LINDA R. OLSSON, INC., REALTOR Logo
“SPECIALIZING IN PALM BEACH LUXURY PROPERTIES SINCE 1989”

Palm Beach Real estate second-quarter market report

August 9, 2018 by · Leave a Comment 

We are delighted to provide our Second Quarter market reports for the 2018 and 2017 sales in the designated Palm Beach areas for your review. Sales of homes and condominiums are approximately the same in number of sales…with town home sales of 7 in 2018 outnumbering the 2017 sales of only 2.   Per square foot prices are on the rise… particularly in the Estate Section. 

 
We hope you are enjoying a wonderful summer with friends and family… Please contact us if we can be of assistance.
 
2ndQtr. 2018 Market Report update:
 
Area 1: (Inlet Drive to Wells Road) 36 homes SOLD –
Average price: $5,774,814 – Average per sq.ft. $979
Highest priced per sq.ft. 
1404 N. Lake Way  – $1,686
Lowest priced per sq.ft. 
226 Tradewind Drive – $336
Area 2: (Wells Road to Worth Avenue)11 homes SOLD –
Average price: $3,428,529 – Average per sq.ft. $1007
Highest priced per sq.ft. – 
441 Australian Avenue – $1,839
Lowest priced per sq.ft. – 245 Pendelton Avenue – $658
Area 3: (Worth Avenue to Sloan’s Curve) 10 homes SOLD 
Average price: $20,547,264 – Average per sq.ft. $1,492
Highest priced per sq.ft. – 
8 Golfview Road – $2,068
Lowest priced per sq.ft. – 130 Clarendon Avenue – $969
 
Area 1, 2, 3 TOWNHOUSES – 7 SOLD
Average price: $4,097,542 – Average per sq.ft. $840
Highest priced sq.ft. – 419 Brazilian Avenue – $1,195/sq.ft.
Lowest priced per sq.ft. – 300 Atlantic Avenue – $631/sq.ft.
 
Area 2: CONDOS (Worth Avenue to Wells Road) 63 condos SOLD 
Average price: $1,669,006 – $916/sq/ft.
Highest per sq. ft. – 2 N. Breakers Row #S24 – $3,462/sq.ft.
 
 
2ndQtr. 2017 Market Report update:

Area 1: (Inlet Drive to Wells Road) 33
 homes SOLD –
Average price: $6,636,227 – Average per sq.ft. $1,073
Highest priced per sq.ft. 
100 Casa Bendita – $2,469
Lowest priced per sq.ft. 274 Orange Grove Road – $586
Area 2: (Wells Road to Worth Avenue)11 homes SOLD –
Average price: $7,267,291 – Average per sq.ft. $1,327
Highest priced per sq.ft. – 
8 S. Lake Trail – $2,722
Lowest priced per sq.ft. – 218 Oleander Avenue – $620
 
Area 3: (Worth Avenue to Sloan’s Curve) 6 homes SOLD 
Average price: $31,206,263 – Average per sq.ft. $2,107
Highest priced per sq.ft. – 
60 Blossom Way $4,176
Lowest priced per sq.ft. – 
350 El Brillo Way $1,222

 

Area 1, 2, 3 TOWNHOUSES – 

2

SOLD

Average price: $4,800,000 – $851- Average per sq.ft. 
Highest priced sq.ft. –   230 Brazilian Avenue –  $1,210/sq.ft.
Lowest priced per sq.ft. – 302 Atlantic Avenue – $492/sq.ft.
Area 2: CONDOS (Worth Avenue to Wells Road) 60 condos SOLD 
Average price: $1,830,846 – $942/sq/ft.
Highest per sq. ft. – 
150 Bradley Place #1101– $2,843/sq.ft.
Sincerely,
LINDA R. OLSSON, INC., REALTOR Logo

Palm Beach Featured Listings (Summer Exclusives)

July 18, 2018 by · Leave a Comment 

LINDA R. OLSSON, INC., REALTOR Logo
The summer months are most definitely the best time to buy in Palm Beach to obtain quality well-located properties…the real estate market never sleeps;  the savvy buyer takes advantage of opportunities for excellent properties with motivated sellers!
 
Click on each property address to preview details and photos of each property below:
 
 400 South Ocean Blvd. #205… This opportunity comes in the form of a Seller who loved the unit, but has now completed construction of  their new home in Palm Beach.  They moved out of this fabulous unit in this desirable Edward Durell Stone building in the center of town.  Originally priced at $5.8 million, now reduced to $4,750,000.  This 4 bedroom, 4.5 bath home lives like a home with a 33 foot living room, 10 foot ceilings, two parking spaces, and two Pets are welcome with no Weight Restrictions.  A great buy in a fabulous In-town, South Ocean Blvd. building… across from the life guarded beach.. two blocks from Worth Avenue… Elegant building with rooftop pool, gym, fabulous rooftop clubroom, and five guest rooms available for overflow guests/staff.  Owner wants offers…
 
200 Everglades Avenue #D… This Seller has moved to London, and is not leaving Palm Beach… but wants to downsize.   This “Townhouse” is truly a fabulous opportunity for many reasons… With 3 bedrooms, 3 baths, it lives like London Mews house… attached, but an end unit… very private, with one car garage, rooftop terrace, very low maintenance fees, pets accepted, and the ability to rent often with few restrictions.   It’s location is superb, walk to The Breakers, the beach, shops and restaurants; Priced at only $1,639,000… Bring your offer before this unique opportunity gets away… 
 
100 Worth Avenue PH-5…Situated on Worth Avenue, this fabulous 3 bedroom 3 bath unit is in an Estate Sale…and is truly a rare find!  South Exposure with outstanding ocean, Town, and Everglades Golf Course views in the prestigious Winthrop House.  Features: tunnel to the beach, gym, large clubroom, just completed gorgeous new pool and wonderful terrace with amazing views. Full service building with outstanding staff.  Originally priced at $3,795,000… reduced for immediate sale $2,950,000.. to close pending Estate… owner says sell!
 
We appreciate the opportunity to work with you…. Please contact us for further information and to schedule your appointment to preview each property.   Click on our web site to preview all Palm Beach Homes and Condos for Sale: LindaOlsson.com.
Sincerely,
 
LINDA R. OLSSON
PRESIDENT/BROKER
Linda R Olsson LOgo
LINDA R. OLSSON, INC., REALTOR
“SPECIALIZING IN PALM BEACH LUXURY PROPERTIES SINCE 1989”

Palm Beach Real Estate (A Guide To Preserving Wealth)

July 15, 2018 by · Leave a Comment 

Palm Beach Market Trend…according to the Palm Beach Daily News and The New York Times just about everyone living in the Northeast, Chicago, California and other high tax states is relocating to Palm Beach and Miami.
 
Why are high net worth individuals, like David Tepper, Ken Griffin, Paul Tudor Jones, Kenneth Tropin, Paul Edgerley along with many of your colleagues, friends and neighbors relocating to South Florida other than the fabulous weather?  It’s simple… Wealth Preservation.  According to April 30, 2016 article in the New York Times “One Top Taxpayer Moved, and New Jersey Shuddered” by Robert Frank (highlights below), New Jersey’s wealthiest resident reportedly “shifted his personal and business domicile to Florida”.
 
Hedge-fund billionaire David Tepper declared himself a resident of Florida after living for over 20 years in New Jersey.  He later moved the official headquarters of his hedge fund, Appaloosa Management, to Miami.  Several New Jersey lawmakers cited his relocation as proof that the state’s tax rates, up from 6.37 percent in 1996, are chasing away the rich. Florida has no personal income tax or inheritance tax.  “If you’re making hundreds of millions of dollars and you’re paying close to 10 percent to the state of New Jersey, you do the math,” said Jon Bramnick, the Republican leader in the New Jersey Assembly.  “You can save millions a year by moving to Florida.  How can you blame him?”
 
In New York, California, Connecticut, Maryland and New Jersey the top 1 percent pay a third or more of total income taxes.  Some academic research shows that high taxes are chasing the rich to lower-tax states, and anecdotes of tax-fleeing billionaires abound.  Millionaires and billionaires who move from the high-tax states in the Northeast to Florida, for instance, may be drawn by the sunshine, lifestyle and retirement culture, in addition to lower taxes.
 
Thinking of relocating to Florida?  Specializing in Palm Beach Luxury Properties for 26 years and recognized by The Wall Street Journal as one of “America’s Best Real Estate Agents“, we have the dedication, confidentiality and commitment to represent your best interests.  Please visit our outstanding website LindaOlsson.com to preview properties for saleanalyze quarterly market reports, and review our valued customer testimonials.
 
We look forward to hearing from you…Contact Us for Experience You Can TRUST! 
LINDA R. OLSSON, INC., REALTOR Logo

Historic Palm Beach Homes For Sale

June 25, 2018 by · Leave a Comment 

 

LINDA R. OLSSON, INC., REALTOR Logo

 

Dear Clients, Colleagues, Friends, and Family:
 
Happy Fourth of July!  We give thanks to our many veteran’s who have fought for our Country…before, during, and after the adoption of the Declaration of Independence on July 4, 1776.
This historic day brings to mind the many fabulous Palm Beach Landmarked homes built in the 1920’s  by world-famous architect’s… Addison Mizner, John Volk, Maurice Fatio, and Marion Sims Wyeth, who built Mar-A-Lago, the Winter White House. We thought it would be of interest to you to preview these outstanding offerings, which are listed for sale and available for purchase.  
Please click on the address of each property, to review the details and photos of each home:
 
The Addison Mizner compound is a grand history landmark and is also a large scale luxury home that boasts fine luxury details. The already gorgeous home has recently had substantial interior renovations to make it into the modern masterpiece you see now. The home also has its own personal underground tunnel straight to the beach.
 
Casa del Ensuenos is a rare direct lakefront estate made by famous American architect Addison Mizner located in the Estate Section. The estate was built in 1923 but has been updated into a contemporary masterpiece with modern amenities. The home boasts Venetian influences, six spacious bedrooms, and a three bedroom guest house. The home is a historical landmark so you will own a piece of history. The home also has its own dock with boat lift, large pool with cabana and tropical gardens.
This lovely estate was first built in 1927 and is one of the island’s greatest landmark residences. The home has been restored to perfection making you feel like you’ve travelled back in time. It has a perfect combination of old world grandeur and modern luxury amenities. It boasts amazing craftsmanship in not only the main house but also the guest house at the private courtyard pool. Lovely waterfront estate with stunning ocean views, gorgeous swimming pool, underground wine cellar, and deeded beach rights.
This 5-bedroom, 6 and a half bathroom estate was built in 1927 but has been restored to perfection and meticulously maintained into the contemporary work of art that you see now. It boasts a gorgeous landscaped elevated garden, gourmet kitchen, 2 car garage, paneled library with fireplace, and an abundance of natural light. The master wing has dual baths, dual closets and a personal sitting room. There are many lovely outdoor entertaining areas such as the spacious sun bathed balconies, swimming pool, and the lovely elevated garden. Prime location on El Vedado Road, one of the three Palm Beach ”El” streets known for their architectural significance and proximity to Worth Avenue.
Built in 1928 by famous architect John Volk, this lovely landmark estate is located on the prestigious Clarke Avenue. The home boasts custom pecky cypress ceilings, custom hand painted cabinetry, with wide plank wood flooring giving it a feel of sophistication and luxury. It has been restored, maintained, and is in perfect condition.  Complete with a sun room, elevator, chef’s kitchen, family room, over sized multi-car garage, and living room with a fireplace. The main house has 4 bedrooms, and the guest house has 2 bedrooms. The loggias open to the sensational backyard with pool, fountain, cabana, and summer kitchen.
For Over 28 Years, we Specialize in Palm Beach Luxury Propertiesfrom Pied’s A’ Terres to Oceanfront Estates.  We are here for you 24/7 to help you with all your real estate needs.  Click on our outstanding web site: LindaOlsson.com, to preview all properties for sale in every price range… Homes, Condominiums, Land, and Town homes. Please contact us to discuss your interest in any of these properties, we look forward to hearing from you.  We appreciate the opportunity to work with you. 
 
With Best Wishes to you and your family for a Happy, Healthy, Fourth of July… Enjoy!
Sincerely,
 
LINDA R. OLSSON
PRESIDENT/BROKER
Linda R Olsson LOgo
LINDA R. OLSSON, INC., REALTOR
“SPECIALIZING IN PALM BEACH LUXURY PROPERTIES SINCE 1989”
 

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