Jonathan’s Landing tear-downs are the one opportunity. Last year we were able to purchase a house on a wide canal lot on Casseeky with a great view for dear friends, tear it down, and build a 5000-sq.ft. single-story house on the property. Membership is completely optional in Jonathan’s, so it’s a fabulous value.
A cute, unsubstantiated story about the The Bear’s Club real estate development made its way around golf circles. It seems during construction of the clubhouse, one of the members suggested a wrought-iron clock with Roman numerals be added to the chimney as players walked down 18 and the clubhouse came into view.
The member was very proud to see the ironworkers installing same a few months later and bragged to his friends that it was his idea.
At lunch a few months later, that member revealed he had an unusually large item on his monthly statement. $21,000 for 1 wrought-iron clock. When teased about this, another member asked if he tore up the bill? His lack of response brought “you paid it???” Sheeply, the member just said, “I’m not going to get on the big guy’s (Jack’s) bad side”.
Harbour Isles is located in North Palm Beach off Prosperity Farms road halfway between PGA Blvd and North Lake. Harbour Isles is a gated community for boaters with very low homeowner’s association fees. It is the largest luxury gated water community with no clubhouse or golf course in the area.
There are a number of gated communities that have some water lots and others across the street that are dry. The difference in value is staggering. One house can be 5 million and another $500,000.