THE BRISTOL ASKING $12,950,000 – UNDER CONTRACT!! 1100 SOUTH FLAGLER DRIVE UNIT 1702, WEST PALM BEACH
Dear Potential Buyers, Sellers, Clients, Colleagues, and Friends:
We are delighted to share our Fourth Quarter Market Report of Palm Beach Luxury Homes and Condominiums with you. Click here to see the full report…
Sales in the Fourth Quarter Remained strong even with the headwinds it faced, including global uncertainty, swings in the stock market, rising interest rates, and soaring inflation. Home buyers continue to purchase real assets to preserve their wealth. Palm Beach real estate is a known commodity that will hold its value, and throughout the ages has always been a great investment! The wealthiest people in the world have resided in Palm Beach since Henry Flagler established the Florida East Coast Railway in 1885, and that trend continues. The high-end of the market is soaring as noted in our report, and sales are strong for renovated, or new homes in the $15 million and over range. Our report shows that the market has squeezed out the buyer looking for homes under $8 million, and those well priced property’s sell quickly when they become available… Oftentimes, those homes sell for the land value to buyers looking to “build their dream homes”.
While inventory of residential homes, condominiums and land on the Island is low, demand is high, and prices are continuing to remain strong as buyers, particularly from the Northeast and California, continue to flock to Palm Beach to take advantage of the Palm Beach Lifestyle and Florida’s Tax Benefits…Low sales tax, no Florida state income tax, no state inheritance tax, no gift tax, nor intangible tax. A Florida resident can also qualify for a homestead exemption on their real estate tax on their personal Florida residence once a taxpayer establishes Florida Residency, which makes Palm Beach and other Florida communities an ideal place to live and enjoy the benefits of making Florida home! For Further information, speak with your Florida legal counsel, and review this pamphlet provided by Wilmington Trust.
In addition to the tax benefits, Palm Beach not only has fabulous weather, but it provides the uniqueness of a charming, small-town community coupled with a rich history and world-renowned amenities and a high-quality lifestyle surrounded by the beauty of Palm Beach. Palm Beach is the “Best of the Best”, and everyone wants to establish a lifestyle in our magnificent island community. World-renowned, Palm Beach is known as a small, sophisticated, social town that provides something for everyone. It attracts people who are dedicated to philanthropy and the arts as well as those who enjoy ocean activities, golf, tennis, and world-class shopping and dining on Worth Avenue and The Royal. Our cultural institutions such as The Society of the Four Arts, The Kravis Center, the Norton Museum and many civic events provide something for everyone. In fact, Palm Beach is the “It Town for Everyone, that’s Anyone!”
Please stay tuned, as we believe that the selling Season, from January to May will prove to be a strong one when the Season is in Full Swing, and “Everyone that is Anyone” is in Palm Beach, and they buy prior to their summer holidays in Europe, Nantucket, the Hamptons, and various other wonderful places, but there’s no Place like Home! Buy now, Renovate, decorate all Summer, and move in Next Season!
Linda R. Olsson, Owner/Broker-Founder, Linda R. Olsson, Inc., Specializing Palm Beach Luxury Real Estate Sales for Over 30 Years with our Global Reach, Local Expertise, and an Unrivaled Web Site. Recognized by the Wall Street Journal as one of “America’s Best Real Estate Agents”, known for our professionalism, superior customer service and in-depth knowledge of the market. Representing buyers and sellers of Palm Beach’s finest residences from Pied’s a ‘ Terres to Oceanfront Estates…You can profit from our knowledge, expertise, and global presence. We don’t just talk about excellence… We Get Results!
With over 30 years of experience selling Luxury Homes in Palm Beach, Linda and her associates have gained a vast knowledge of Palm Beach, its people, and its history–knowledge we put to daily use to help our clients. The firm’s reputation and success are built upon experience, expertise, and excellent service. Choosing a firm with the commitment, confidentiality, and dedication to represent your best interests makes all the difference. Your privacy is important to us. We take great pride in utilizing our experience, resources, and global connections to unite extraordinary people with extraordinary properties.
Thinking about buying or selling in Palm Beach? Specializing in Palm Beach Luxury Properties for over 30 years, Contact Us for Experience You Can TRUST!
· In-depth knowledge of the market;
· Expert negotiation skills and superior service;
· Unrivaled website: www.LindaOlsson.com providing global internet exposure on over 300 of the most highly visible web sites including Trulia, Zillow, Wall Street Journal. com, Realtor.com, and two MLS services;
· First class advertising; prominent publications and professional photography;
· Incomparable targeted marketing; direct mail, email blasts, and social media;
· Over 28 years of Experience…a Reputation you can Trust!