Posts Tagged With 'palm beach luxury oceanfront real estate'

Sale Prices in Palm Beach Are Rising

Sale Prices in Palm Beach Are Rising

Posted in Florida Economy, Luxury Real Estate, Miami | No Comments

A Palm Beach luxury oceanfront home and seven-bedroom guesthouse recently sold for $41.5 million in the highest residential sale in Palm Beach since the housing market crashed.

Gay Hart Gaines, one of the owners of the luxury beachfront home, is a longtime Republican Party fundraiser who also served many years as the national chairman of GOPAC. Stanley N. Gaines is a retired chief executive of an automotive company.

According to the warranty deed, this was a private sale to Endigan LLC, an Arizona-based limited liability company.

The property consists of about 2 acres, with more than 160 feet of ocean frontage and a private road that was purchased in 2003. The property was originally purchased for $6.5 million in 1998.

Source: Palm Beach Daily News

 

luxury oceanfront home at 1473 N. Ocean Blvd., Palm Beach, Florida

1473 N. Ocean Blvd., Palm Beach

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Palm Beach Oceanfront Real Estate Prices and Sales Keep Increasing

Posted in Florida Economy, Luxury Real Estate, Miami | No Comments

The news keeps improving for Palm Beach homeowners. The value of luxury waterfront real estate is going up in Palm Beach County, according to the Realtors® Association of the Palm Beaches.

“Pending and closed sales are moving in an upward direction in Palm Beach County, which is very reassuring,” said Bonnie Lazar, President of the Realtors Association. “In addition, February’s median sales price, based on all properties, is up from the previous month and the inventory of homes for sale is down.  This clearly illustrates that Palm Beach County is experiencing a mini-recovery and better times are ahead.”

As sales increase throughout Palm Beach County, the inventory of luxury oceanfront condos is also decreasing. This is one of the best times in recent history to buy a luxury waterfront condo or estate, due to historically low interest rates. If you have been considering selling or buying property, now is a great time to move forward.

Source: Boca News Now


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