Thursday, June 2, 2011

Oceanfront Homes for Sale in Gulf Stream and Ocean Ridge

Nestled between Manalapan and Delray Beach are two hidden gems:  Ocean Ridge and Gulf Stream.  Neither are large towns, where Ocean Ridge reported a population a little over 1700 in the 2004 Census and Gulf Stream had a population just shy of 750 and ranked as the 11th highest income place in the United States.  When you are driving along A1A, whether you enter these towns from the North or South, you know you have just reached somewhere very special.  The streets become lined with trees that make you feel like you are in a rainforest in some remote part of the world, all in the meanwhile you are just a stones throw away from the Atlantic Ocean.  Very cool!!

Below is a list of the 10 oceanfront homes for sale in both Ocean Ridge and in Gulf Stream:
There is a mixture of new construction and what appear to be knockdowns.  You can reference the "Year Built" to see if you are dealing with either or.  And if we check out the DOM vs. CDOM as I have been pointing out in my pieces, it looks as if there may be some interesting buys out there if the sellers are starting to be worn down and are primed to sell (after having their home listed for what looks like 2-3 years in some situations;  or it can just be unrealistic sellers.  The only way to know what you are dealing with is to put in an offer)

Currently there are no homes under contract for sale.  Moving on to what has closed over the last six months, there are two sales we can reference in Ocean Ridge:
Looks like one of the homes that was listed for over 1600 days,  almost 4.5 years, finally sold.  If I use 6273 N Ocean Blvd's Tax ID (or parcel ID), I can pull the property's history.  Back in 2006, this home was originally listed for $11,995,000 - wow - now that is a dose of reality where almost 5 years later the home sells just for a fraction of that original asking price at $3,787,500

If you are in the market to buy or sell an oceanfront home in Florida, please feel free to contact me and we can go from there.  Thank you.
Craig Greenberg, realtor
(561)376-8540 cell
info@LuxuryOceanMarket.com

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