Sunday, March 11, 2012

Florida Oceanfront Real Estate Market Update

In this market update, we are looking at any homes under contract for sale to see what is currently desired in the marketplace. As of today, there are three homes under contract for sale:
  • 5512 Old Ocean Blvd in Ocean Ridge
  • 6015 N Ocean Blvd in Ocean Ridge
  • 755 N Ocean Blvd in Delray Beach
This is our strongest selling season in Florida, so to see only three properties under contract is a little worrisome in the luxury oceanfront real estate market, but we will take what we can get.  There are still 57 active oceanfront homes for sale.  Patience paid off for 5512 Old Ocean as well as 6015 N Ocean in Ocean Ridge. I have provided market updates on the following properties that will show that actual days on market as well as other various items of all 3 listed properties above. 755 N Ocean took less than one year to sell which says a lot about that property.

With pending/contingent properties, we won’t know the selling price till it has been posted to the MLS and tax roll.  But it looks like buyers are being patient and waiting for sellers to be frustrated and picking up a good deal when they can.

5512 Old Ocean Blvd | MLS #R3197047

 

Broker’s Comments: Savoring sweeping blue oceanscapes, this exquisite oceanfront estate creates an enchantingly lush and serene tropical oasis set above the dunes at a glorious vantage point. Looking out to the endless sea, a travertine marble terrace envelops the sun-splashed pool and spa aside an alfresco entertainment area served by a barbecue grill.A garden walkway leads down the lawns to a privately walled and gated entry to a boardwalk beckoning across the dunes to an idyllic stretch of private beachfront. Blending clean modernism and casually elegant South Florida style, this dramatic residence is brightened by large expanses of glass across the entire o ceanfront façade opening each room to abundant natural light and the ocean’s mesmerizing splendor. Cream marble floors and high ceilings add to the wonderfully airy atmosphere. The spacious 3-level floor-plan of 5,400+/- total square feet offers 5 bedrooms, 4 baths, and a 2-car garage plus numerous conveniences including a central vacuum system, and automated window washing system.A double-door, coral-columned entry presents the elegantly inviting living room where sweeping floor-to-ceiling wi ndow walls showcase views across the landscaped pool terrace to the ocean sparkling over the dunes. A floor-to-ceiling marble fireplace and custom built-in entertainment center also distinguish this dramatic space.

Property Details:
List Price: $3,199,000
Address: 5512 Old Ocean Blvd, Ocean Ridge, FL 33435
Subdivision: Tropical Shores
Living Area Sq Ft: 4,467
Total Building Sq Ft: 5,407
Bedrooms: 5
Bathrooms: 4 Full and 1 Half
Garage: 2
Water Frontage: 102
Year Built: 1987
Total Floors: 3

Room Dimensions:
5512 Old Ocean Blvd Ocean Ridge Florida room dimensions

Directions: A1A to Woolbright, East to Old Ocean Blvd., Right to property.
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Listing History: Since December 29, 2011, the property has been listed for 1126 days
5512 Old Ocean Blvd Ocean Ridge Florida real estate listing history
Click to Enlarge
Listing courtesy of Premier Estate Properties – data obtained from RMLSFL on Dec 29, 2011

 

6015 N Ocean Blvd | MLS #R3126944


Broker’s Comments:  This magnificient estate is situated on a corner lot that is 3/4 of an acre of direct oceanfront! A meandering boardwalk leads to your private beach. The 5 bedroom, 5-1/2 bath home with private guest quarters enjoys wide ocean views fromnearly every room of the house. The open floor plan is ideal for entertaining. A formal dining room seats 10-12 and features a finely detailed wood coffered ceiling with medallion insets. The sun-filled open chef’s kitchen features a floating island with a Viking six-burner gas cook-top, double wall oven, a built-in Miele cappuccino machine, two dishwashers, a wet bar with 60-bottle wine cooler, and separate pantry with a side-by-side commercial refrigerator/freezer. The master bedroom has commanding views of the ocean and amenities include a fireplace, sitting area, and en suite bath with sweeping views of the water. Spectacular sunrises are captured from the grand east-facing veranda overlooking the ocean. Multi-level terraces with co ral tile and coral balustrades create an elegant outdoor living/entertaining space and overlook the heated pool, gazebo with summer kitchen, 21 x 21 raised terrace and outside billiards area. A separate studio is perfect for guests or a live-in au p air. Other notable features include: Saturnia marble floors throughout the living areas, a small media room on the second level shared by the bedrooms, a 3-car garage, central vac system, and impact windows. Existing survey upon request.

Property Details:
List Price: $4,499,000
Address: 6015 N Ocean Blvd, Ocean Ridge FL  33435
Subdivision: Boynton AMD
Living Area Sq Ft: 4,930
Total Building Sq Ft: 6,119
Bedrooms: 5
Bathrooms: 5 Full and 1 Half
Garage: 3 spaces
Water Frontage: 116
Year Built: 1982
Total Floors: 2

Room Dimensions:


Directions: A1A North of Woolbright corner of Corrine and Old North Ocean Blvd
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Listing History: as of March 4, 2012 this home had been listed for 590 Days
Listing courtesy of Illustrated Properties – data obtained from RMLSFL on March 4, 2012

 

755 N Ocean Blvd | MLS #R3197477

 

Broker’s Comments: Inspired by the Sand and Sea, Villa Papillon offers a mix of styles and finishes which distinguishes this oceanfront compound. Located just seven-and-a-half blocks north of Atlantic Avenue on A1A, it offers 8,959 square feet of air conditioned space, six bedrooms, six full baths, two half baths, 23-foot soaring ceilings, and four cooking areas including gourmet kitchen with separate Butler’s kitchen. A brand new exercise gym was recently built over the three-car air conditioned garage. Partial impact glass and home generator. Enjoy the oceanside gazebo grill overlooking the pool and tiki hut. This is the perfect oceanfront estate for your most discriminating buyer.
Property Details:
List Price: $7,500,000
Address: 755 N Ocean Blvd, Delray Beach, FL 33483
Subdivision: Palm Beach Shore Acres Rev
Living Area Sq Ft: 8,959
Total Building Sq Ft: 11,165
Bedrooms: 6
Bathrooms: 6 Full and 2 Half
Garage: 3 spaces
Water Frontage: 101
Year Built: 1992
Total Floors: 2

Room Dimensions:
delray beach 755 n ocean room dimensions

Directions: 2nd Driveway south of George Bush Blvd on east side of A1A
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Listing History: as of Dec 25, 2011 this home had been listed for 225 Days
755 n ocean blvd listing history delray beach real estate
Click to Enlarge
Listing courtesy of Corcoran Group – data obtained from RMLSFL on Dec 25, 2011