Celebrating our 30th year, Specializing in Palm Beach Luxury Real Estate, known for honesty, superior customer service, in-depth knowledge of the market, and the best resource for Palm Beach Real estate. We are pleased to educate buyers and sellers by keeping you aware of market trends, relevant articles as to Palm Beach Real estate, and we are sure you will be interested in what Dorothy Jacks, the Palm Beach Property appraiser had to say at the first meeting of this Season’s Palm Beach Chamber of Commerce breakfast.
Palm Beach real estate prices have continued to rise in 2019, according to Dorothy Jacks, the Palm Beach County Property Appraiser.
Over the past 30 years, the market has continued to climb unlike many states in the North East where clients’ real estate assets have plummeted with values continuing to decline… particularly in New York and Connecticut due to high taxation. With Buyers fleeing to Florida, Palm Beach has benefited from the highest level of net domestic migration – bringing with it an influx of wealthy entrepreneurs and retirees attracted by the tax climate, with no income or estate tax.
According to Darryl Hoffheinz’s September 17, 2019 Article in the Palm Beach Daily News, Palm Beach County Property Appraiser Dorothy Jacks served up some history Monday during a breakfast talk at The Breakers that saw her emphasize how real estate values in the town of Palm Beach have for a century been eye-popping.
Palm Beach, she said, truly is a one-off. “Almost 400 properties on Palm Beach have an assessment greater than $10 million,” she said. In the latest round of property valuations, the total market value assigned to about 9,500 individual “parcels” in town totaled $24.2 billion, she said. To further emphasize Palm Beach’s staying power, she pointed to the Great Recession, which gripped the county between 2007 and 2009 and caused real estate values nearly everywhere to plummet. In some cases, those values didn’t recover for a decade. “The distinction is that when the recession hit, Palm Beach didn’t really react,” Jacks said. “Palm Beach (property values) didn’t stop growing,” she said. “Palm Beach continued to grow, but much slower. It didn’t crash.” Read full article here…Click to read full article
Have you been thinking about Buying a home in Palm Beach? We have some outstanding values available, at under $3 million…don’t miss your opportunity to Buy now.
251 Park Avenue, which is literally the least expensive property on the Island, in accordance with the Palm Beach MLS. This home is situated on a very quiet, one way street that is truly up and coming. There are new homes being built on the street, several have undergone renovations, and a few new homes completed over the past several years. With 2,700 sq. ft. this wonderful 7 bedroom, 5 bath home is in great move in condition with hardwood floors and a fireplace. This house is ripe for a renovation to suit your needs, and/or you may build your dream home in this excellent location next to a lovely park, within walking distance to the lake trail, beach, the Breakers, restaurants, Publix and houses ofWorship. Don’t drive? Walk to Chez Jean Pierre, Echo, The Grill, Sant Ambroeus, The Honor Bar, etc..Click to view details
260 Plantation Avenue, is truly a fabulous opportunity… priced at only $2,850,000, in an excellent close to town location with a southern exposure. This traditional one-story home in and excellent location, between the clubs… in walking distance to the Palm Beach Country Club and the Beach Club, and South to The Breakers, with only steps to the bike trail, this home is perfect to Renovate, or Build your Dream Home. Features include: high ceilings, light and bright open floor plan, great pool and patio for entertaining. One bedroom guest suite off the pool, provides privacy for guest, staff or teens! Don’t miss your opportunity to Buynow… Palm Beach Real Estate is your best investment! The neighboring property on the eastern end of Plantation was just torn down.. it sold for $2.8 million this year. Click to view details
According to the Palm Beach MLS, there are only 7 available homes in the North End, from Wells Road, North to Inlet Drive, considered entry level homes, and/or properties to be renovated or torn down to build your dream home priced at $3 million and under…
Coming in at the lowest price on the North End, is 229 Monterey Road, at an asking price of $2,100,000. 217 Debra Lane is next… clocking in at $2.5 million, with 300 Colonial just a notch above at $2,595,000. 1465 Laurie Lane, which is close to the aforementioned Debra Lane in the far North End priced at $2,795,000, with 260 Plantation, in the near North End priced at only $2,850,000, which is truly a great investment for this superior location. Next in line is 220 Onondaga at $2,850,000, with the final North End home under $3 million; One story home at 209 List Road, priced at $2,975,000. Searching for a North End home at under $3 million? Click here to preview these outstanding opportunities: Click to view listing(s)
According to the Palm Beach MLS, there are only 7 available homes In-Town, from Wells Road, South to Worth Avenue, considered entry level homes, and/or properties to be renovated or torn down to build your dream home priced at $3 million and under…
The aforementioned 251 Park Avenue is the lowest priced home in Palm Beach, asking $1,595,000. Next in line is 400 Seaspray Avenue at $2,295,000, 236 Pendleton in the center of town on a one street, in walking distance to Bethesda Church and Royal Poinciana Chapel, listed at $2,795,000. An ocean block pied-a-terre at 125 Chilean Avenue priced at $2,875,000, 215 Seaspray walking distance to the Palm Beach Rec Center and schools on Seaview Avenue, priced at $2,995,000, and last but not least 223 Seminole priced at $3 million. Searching for an in-town home at under $3 million? Click here to preview these outstanding opportunities: Click to view listing(s)
With the Fall on our doorstep, and Winter on the horizon, it’s time to Think Palm Beach… make your plans for this Season! Planning to buy a home or condominium in Palm Beach? Let our Expertise work for you…30 years on the Island with a Reputation you can Trust!
Listing your Palm Beach property for sale? Contact us for Experience you can Trust… A leader in the marketing of distinctive luxury properties based upon our company’s established reputation for performance, professionalism, and experience with high-end properties. We have truly a global presence, with our innovative technology, outstanding print, internet, and social media advertising campaigns. Visit our Unrivaled Web site…www.lindaolsson.com; preview all properties for sale, view customer testimonials, quarterly market reports, our fabulous blog, and property videos!
Whether you’re Buying or Selling, we look forward to the opportunity to service your real estate needs.