Oceanfront Real Estate Market Update
Palm Beach County
Luxury Oceanfront Homes
In Palm Beach county, there are currently six oceanfront homes under contract for sale. In this market update will cover the homes currently under contract to see what is attracting today's buyers.
702 N Ocean | Delray Beach
This home has been on and off the market since 2006. Back in 2006 it had been listed as high as $3.499 million and has been falling in price ever since. The home eventually found a buyer in April 2010 and sold for $1.9 million. Approximately 2 years later the home was relisted for sale at $2.3 million and sold a few months later for $1.75 million in July 2012. From this sale, in the matter of two month, the home was back on the market for $2.195 million and already has found another buyer. I don't know the circumstances behind all of this activity, but apparently whatever 702 N Ocean has going for it is working. It's a 3/3 built in 1963. The home is located a few blocks south of George Bush Blvd
3211 N Ocean Blvd | Gulf Stream
This home too has been listed on the market since 2006, but only for rent and not for sale. The home did however come on the market for sale in Nov 2010 and took almost 750 days on the market to find a buyer priced at $6.5 million. Here we have a 5/5 home built in 1960 with over 110' feet of beachfront property. This home is either going to need to be torn down or completely remodeled.
1007 Hillsboro Mile | Hillsboro Beach
Here was have a true luxury beachfront property. Not only is it beachfront, but it also has intracoastal (ICW) front. 161' feet of waterfront on both the beach and ICW. It's a 6/7.1 home built in 1996 with over 10,100 sq ft under a/c. There is a four car garage as well. This home only came on the market in July of 2012 and was able to find a buyer within four months. The broker remarks on this property: "This Magnificent Estate is situated on 161 ft of Oceanfront & Intracoastal frontage. Features a timeless design using Walls of Glass, 40 ft Family Rm, Master on Ground Level w/ sit rm and his and her baths, Oversized Guest Suites, Fab lawns and Dock"
6011 N Ocean Blvd | Ocean Ridge
This home too was once a rental property but never seemed to rent out since 2010. The home then came on the market for sale in May 2012 and found a quick buyer as well only taking a little over three months. It's a 5/6.1 home with just shy of 5,500 sq ft under air. The home is from 1996. The broker remarks are as follows: "THIS SOUTH PALM BEACH HOME, REMINISCENT OF BRITISH COLONIAL DESIGN, UNPRETENTIOUS AND IDEAL FOR AN ACTIVE YOUNG FAMILY AS WELL AS ADULTS WHO EMBRACE A CASUAL LIFESTYLE, PRIVACY AND SERENITY. THE HUGE EAT-IN KITCHEN CAN ACCOMMODATE A LARGE FAMILY OR MANY GUESTS. IT HAS TOP OF THE LINE APPLIANCES INCLUDING A 6 BURNER STOVE, 2 OVENS AND WARMING TRAYS, 3 REFRIGERATORS, 2 DISHWASHERS, A WINE COOLER, 3 SINKS ETC. THERE IS AN ABUNDANCE OF WALK-IN FITTED CLOSETS AND STORAGE. THE BATHROOMS ARE UPGRADED WITH EXQUISITE MARBLE AND/OR TILE AND THE MASTER HAS A JACUZZI TUB AND BIDET. THERE IS ALSO A GRANITE BUILT-IN DESK/COMPUTER AREA OUTSIDE THE LAUNDRY ROOM WHICH HAS THE FINEST EQUIPMENT AS WELL. HOME APPEARS PARTICULARLY SPACIOUS, WITH 10 FOOT HIGH WOOD PLANK CEILINGS AND AN EVEN HIGHER PEAKED CEILING OVER THE UPSTAIRS GREAT ROOM. MUST BE SEEN!"
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.
