New Condos in Singer Island, North Palm Beach, Palm Beach Gardens, and Jupiter

December 3rd, 2014

New Condos in Singer Island, North Palm Beach, Palm Beach Gardens, and Jupiter

I’m looking for a new construction, preferably a condo with great water views.

The 2 best condo buildings with great water views are the Ritz Carlton Residences on Singer Island with direct Atlantic Ocean views, and The Water Club condos for sale in North Palm Beach with great water views on the Intracoastal Waterway and the Atlantic Ocean. The Ritz was built in 2008, so only re-sales are available from $1.1 million to a $10 million penthouse. The Water Club is under construction and will be finished in the 3rd quarter of 2016 and prices there will range from $750,000 to $2.8 million.

There are other condo projects just coming out of the ground and some townhomes being built; one in Palm Beach Gardens near Jupiter and another in Palm Beach Gardens on the south side. With the market changing rapidly, it would be wise to contact Cary Lichtenstein at (561) 379-2020 for updates on these and other new projects as they come on line.

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Waterfront Options in Jupiter Island, Jupiter, & Palm Beach Gardens

December 3rd, 2014

Waterfront Options in Jupiter Island, Jupiter, & Palm Beach Gardens

I would like to live on the water, preferably the Atlantic Ocean, Intracoastal Waterway, or Loxahatchee River?

I get asked these questions all the time. First, the ocean is incredibly pricey, like $5-7 million for a luxury lot on Jupiter Island, moving down in price as you go north to Stuart to the $3 million dollar range. Intracoastal prices range from $1.5 million on the low side to $5 million on the high side, again location dependent. What most people don’t know is that the salt from the ocean literally eats concrete. The annual maintenance of Ocean property including windstorm insurance is astronomical.

As a result, most buyers opt for the Intracoastal, especially where the Intracoastal has some serious width. Plus, the boats and city lights make it desirable during the nighttime, whereas the ocean is very dark.

Another option is the Loxahatchee River homes, where teardowns and vacant lots run anywhere from the low $1’s to $3.5 million.

A boat’s keel depth can be an issue in the Loxahatchee River, not so much in the Intracoastal Waterway.

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Is There Any New Construction in Jupiter or Palm Beach Gardens?

December 2nd, 2014

Is There Any New Construction in Jupiter or Palm Beach Gardens?

I am looking for a home from $1-10 million in Palm Beach Gardens or Jupiter Homes. All I can find are resales. Is there any new construction?

Yes! Old Palm has new construction from $1.5 million to $10 million. Admirals Cove, a gated, luxury boating & golfing community, has new construction starting at $3,975,000. Take a look at this waterfront home at 300 Eagle Drive. There are about 8 vacant lots left at the Bear’s Club and Old Marsh. The Following clubs are 100% built out: Frenchman’s Creek, Mirasol, BallenIsles, Jonathan’s Landing, and Trump National. Some spec homes might be available in Jupiter Island and on the Loxahatchee River.

For a complete list of all new luxury estates available, call Cary at (561) 379-2020. We can customize or build exactly what you want.

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How do I know my Realtor has the ability to negotiate the most advantageous deal for me?

December 2nd, 2014

How do I know my Realtor has the ability to negotiate the most advantageous deal for me?

  1. Ask him/her how many deals he/she does per year?
  2. The average size of each deal?
  3. Explain how he/she approaches a negotiation?
  4. 4. His/her largest sale?
  5. 5. His/her biggest discount off the asking price?

Looking to buy a luxury estate in Palm Beach, Jupiter, or Jupiter Island? Please take a few minutes to read Cary Lichtenstein’s bio. You will find that Cary Lichtenstein is an extremely-seasoned negotiator that you need on your side. Cary’s average sale is in excess of $2 million, but he treats each negotiation, large or small, as if it is PRECIOUS and PERSONAL. After buying and selling almost $1 billion dollars worth of textiles over a 30-year period, and buying and selling homes during the last 6 years, you will not find anyone more qualified or dedicated to his clients.

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What price point of homes are selling in Palm Beach?

December 2nd, 2014

What price point of homes are selling in Palm Beach?

BIG is BACK! All price points are selling, but what has jettisoned up the most in the past 12 months is the $10 million plus sale. The super luxury Palm Beach estates went from 3 transactions to 8! $15 million to $19.9 million increased 60% from 3 to 5. $10 million to $14.9 million increased from 5 to 8 sales. Overall total sales dipped slightly from 156 to 149, but the monster mansions are selling again.

Recent sales prices of single-family homes           Jan-Sept 2013                   Jan-Sept 2014

$20 million +                                                                                                  3                                           8

$15 million to $19.9 million                                                                     3                                           5

$10 million to $14.9 million                                                                     5                                           8

$5 million to $9.9 million                                                                       33                                         25

$2.5 million to $4.9 million                                                                   36                                         47

Less than $2.5 million                                                                              76                                         56

Total Sales                                                                                                156                                      149

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