Highland Beach Oceanfront Market Update

by Craig Greenberg
LuxuryOceanMarket.com

Highland Beach Real Estatee Market Update

Oceanfront Homes for Sale

Currently there are 13 oceanfront homes for sale in Highland Beach.  The above list is sorted with the newest listings at the top of the list.  Homes for sale range in price from $3,999,000 all the way up to $19,500,000.

In this update I'll go over the three newest listings.  First on the list is 2635 S Ocean Blvd.  This home is as direct beachfront as you can get in Florida.  The home is listed for $4.2 million making it one of the lesser priced homes, but don't let that fool you.  It's in one of the few gated communities on the ocean.  It's 3 bedrooms plus a den, 3 1/2 baths and a 2 car garage.  Don't let this boring picture fool you.  The home is beautiful, both inside and out.  One thing I like about this home is the grass yard right behind the house separating it from the beach.  This home is described as:

Enjoy 80' on the ocean, a large, private back yard and pool, expansive balcony overlooking ocean off of the spacious master suite. Many recent upgrades including impact windows and doors

Next on the list is 3621 S Ocean.  This is one of the pricier homes being offered for sale in Highland Beach.  But just take a look at this photo and you'll see why the home is asking this price.  It has 200' direct oceanfront in Highland Beach.  The home is asking $16,000,000 but was previously listed for sale for $12,995,000 only a few weeks ago.  It's important to note that this home is a short sale where the bank is a third party to this sale.  This estate home is described as:

Rare Oceanfront opportunity on 200 feet of direct oceanfront in Highland Beach, just next to Boca Raton and just south of Delray Beach. Although the estate has been completed and decorated, it has never been lived in since its completion.Expanding over 200 feet of pristine waterfront, this estate sits on one of the most unique properties in southern Palm Beach County. The residence has a great elevation and provides some of the best panoramic views available. Property features include stunning gourmet kitchen with family room and breakfast nook, formal living and dining, office and second floor bar and lounge. Ground and second level living: two master bedroom suites and large guest bedrooms. Incredible wood work and finishes throughout, elevator, impact doors and windows, pool and spa overlooking the ocean, entry security gates, fully furnished and decorated. Spectacular ocean views from almost every room. This property has the best of everything, call for specific details regarding this opportunity

 Last on the list is 4023 S Ocean.  Like 3621 S Ocean, this home was previously listed for sale (making not that new) but unlike 2635 S Ocean, 4023 isn't a hidden gem.  It's more or less a great opportunity to buy 100' of direct oceanfront in Highland Beach.  It is one of the lesser priced properties for $4,195,000.  While I was working with the previous agent on this property, he described it as:

While this is not a "tear down," it does need some updating in order to use the property as a rental. The kitchen was remodeled and appliances are newer with exception of the stove. New quartzite granite counter tops, stainless steel appliances. The bathrooms are all original -- low counter tops, formica counters, original sinks, hardware and toilets. Small shower in master with a large Roman tub in the middle of the room. A buyer would obviously renovated the bathrooms since the kitchen was already done. The roof is about 6 years old and in excellent condition.

It shows as a two bedroom now -- the 3rd bedroom they removed the wall (walk-in closet and full bath are still there) because they made it a game room/billiard area with pub. The 4th bedroom they removed the wall and made it an ocean-view office/library. This also has a walk-in closet and full bath. The drywall could easily go up again for a person wanting 4 true bedrooms. Especially since the closets and baths are still there.

This shows like a Nantucket or Cape Cod beach house.

Basically he said the property is outdated and needs work.  You'll get 100' of beachfront, but it does not live up to today's buyers standards.  Now let's see what the new agent describes the home as:

Fantastic opportunity directly on the ocean in Highland Beach minutes from Boca Raton and Delray Beach. This property features stunning direct ocean views and represents incredible value. This cottage-style residence sits on 100 feet of direct ocean frontage and is not across the street or next to any condominiums or large buildings providing a tropical and private setting. The estate lot has great elevation and provides endless ocean views. The residence also features high ceilings, custom kitchen with quartzite countertops, two car garage, pool, large second floor terrace, elevator, four bedrooms, four bathrooms, entry security gate, lush tropical landscaping throughout. The options are endless, one can move in and renovate, buy and hold, or knockdown and build - this opportunity allows one to enjoy an oceanfront cottage until they are ready to build their New Oceanfront Estate. Phenomenal location; phenomenal value.

 Currently there are no pending contracts to purchase homes in Highland Beach and year to date there have been four sales:

If you are in the market to buy, sell and/or rent an oceanfront home in Florida, please make sure to visit LuxuryOceanMarket.com where you can view all the luxury oceanfront properties on the market from Palm Beach down to famed Hillsboro Mile and even create your own custom searches that will send you automatic email alerts as new homes come on the market.  And if you come across the home of your dreams, please make sure to either contact myself, Craig Greenberg at 561-376-8540, or my associate, Tripta Chawla at 561-703-7733, and we'll be more than happy to assist you.