Palm Beach: (561) 659-5113
Dominican Republic: (809) 523-2273

Sold In 58 Days

SOLD

2660 S OCEAN BLVD, 702 S 

JUST SOLD by Helene Sidel , under contract in 2 weeks, Penthouse #702S at Beach Point. The unit boasts of magnificent ocean views from all rooms. Imagine eating or watching your large screen TV while being right above the blue oceans of the semi tropical South Florida Coast. Everything has been completely redone in the best taste: new bathrooms and kitchen. It also has a cabana that was sold with the unit. These units rarely come on the market for sale.
Helene Sidel
561.301.1135

hsidel@fanjulrealestate.com

Office: 561.373.3375
220 Sunrise Ave
Suite 103
Palm Beach, Florida 33480

Digs too deep? Palm Beach residents sue the town over undergrounding utility lines.

The assessments are for 30 years and the town estimates the average at $1,134 for a single-family home and $316 for a condo, annually.

 

Two Palm Beach residents just filed suit against the town over a planned project to underground utility lines.

Condominium owner Carol Kosberg and single-family homeowner Michael Scharf filed a lawsuit seeking class action status, after the town council’s recent vote to levy special assessments on property owners to fund the estimated $90 million project, the Palm Beach Daily News reported.

The suit also lists Palm Beach County Property Appraiser Dorothy Jacks and Palm Beach County Tax Collector Anne Gannon as defendants.

Town Manager Tom Bradford told the Palm Beach Daily News that the project groundbreaking ceremonies are still scheduled for Friday.

Last week, Kosberg dropped her lawsuit filed last year that alleged ballot language was misleading in a March 2016 referendum to vote on financing the project.

In the new suit, Kosberg and Scharf allege that the special assessments are invalid because the town used a consultant’s “arbitrary assessment methodology,” and that the consultant’s report “hypothesized” special benefits of safety, reliability, and aesthetics based on a property’s size, density, location and other factors, according to the Palm Beach Daily News.

Kosberg and Scharf filed the lawsuit as a class action on behalf of themselves and the owners of more than 7,000 condo units, single-family homes and commercial properties in Palm Beach.

The Palm Beach assessments are for 30 years and the town estimates the average assessment at $1,134 for a single-family home and $316 for a condo, annually.[PalmBeachDailyNews] — Ina Cordle

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Palm Beach Property News and Trends Summer 2017

Tina Fanjul Associates
Property News and Trends

Palm Beach, Florida – August 1, 2017 – Tina Fanjul Associates reported year-to-date, condominium sales (mid town) are the winner with sold volume up 103% , total closed sales up 50% with the median sales price of $1,979,138 up 31% from last year.

Residential (between the Inlet and Sloans Curve) also had strong climbs with sold volume up 47%. Wells Road to the Inlet reported median sales price of $4,225,000 up 8%, Wells Road to Worth Avenue reported the median price of $3,250,000 down 10% and Worth Avenue to Sloans Curve of $16,668,900 up 86%.

This year we expect land values to continue driving the market upwards. We conclude that your purchases and sales in 2017 proved to be a strong, sound investment.

Thank you for giving our team the opportunity to sell your property. It has been proven to be a home run and please continue to call us to price your property correctly according to our changing markets.

This report is according to the latest housing data released by Tina Fanjul Associates research department in affiliation with the Palm Beach Multiple Listing Service. The best real estate office to help you find the right buyer at the right price. Trust us for accurate details on all real estate transactions and in selling and buying property in Palm Beach.

Hot List
2 Best Waterfront Homes For Sale

1500 S Ocean Boulevard
$34,000,000
This Direct Oceanfront to Lake-front Island style home was designed and built in 2008 with the finest custom details available and is the perfect family gathering spot for fun in the sun. The home is situated on 1.6 acres in Manalapan, has 178 feet of ocean frontage, 139 feet of lake-front and a dock with a lift. 
The living room, Florida room, library, kitchen, breakfast room, covered porch, summer kitchen, pool, jacuzzi and all 6 bedrooms have expansive views of the water. An attractive setback security gate frames the property and offers the up most privacy and security. The motor court leads to the tropical coconut lined entrance and to the a 4-car garage that is lined with bougainvillea. This house is a must see.  Especially all the custom finishes throughout that make this house feel like you’re living in the tropics.

North Lake Way
$17,000,000
This  lake-front island-style home has been totally rebuilt, renovated, and decorated, has 8,753 total square feet, 7 Bedrooms and 7 and a half baths. Warmth and charm fill the entire space with a gourmet kitchen adjoining the family room and 22-foot soaring cypress beamed ceilings in the living room which also include s lake views.
Outside there is a deep-water dock to house your boat and water sports gear and beautiful gardens surround a pool. A full home generator in the 2-car air conditioned garage will keep amenities accessible at all times. Palm Beach Chic featured this home in its last table book collection.

Best Address

246 Eden Road
$6,700,000
Traditional Bermuda style 6 bedroom, 5 bathroom, and 2 powder rooms includes a 1 bedroom garage apartment. 
This 6,500 square foot home includes a formal dining room, paneled living room, paneled library, two wine cellars, covered loggia, exercise room, marble baths, hardwood floors, a new pool/jacuzzi, and a large outdoor terrace. It has been completely updated with impact glass, new roof, and full house generator.

170 N Ocean Boulevard, #308
$1,325,000
High quality, renovated and updated with 2 bedrooms, 2 bathrooms and a terrace over looking the ocean. Organic, soundproofed wood flooring ,  every solid wood door is new with sparkling hardware, all new wood moldings,  upgraded kitchen, electrical, and wet bar.
The ceilings were raised and skim coated to give it height, updated master bath with new walk-in shower , large walk in closets with professional storage and hanging systems, new plantation wood shutters, custom drapes, neutral organic wallpaper and understated drum chandelier.  Every detail has been considered and executed.

History in the Making

  • Our newest issue of Palm Beach Chic will show you the way to sell and buy property in Palm Beach
  • Our Global Affiliates Partners are promoting your properties worldwide
  • We are representing the largest local industries relocating top executives for another consecutive year
  • We are now selling property between Jupiter to Miami
  • Also, check out our sister firm Casa de Campo Real Estate for all your Caribbean Real Estate.  Top Producers and Exclusive Agency for Casa de Campo

Thank you again for your confidence in our work. Count on Tina Fanjul Associates to help you buy and sell property.
I look forward to seeing you in Palm Beach.
Crista Ryan
President

CRISTA RYAN
561.313.1327


Palm Beach Office: 561.659.5113
220 Sunrise Ave
Suite 103
Palm Beach, Florida 33480

Ivana Trump sells Palm Beach house for $16.6 million, deed shows.

By Tony Rios Jr.
Miami Office

Ivana Trump sells Palm Beach house for $16.6 million, deed shows.

 

Ivana Trump’s Concha Marina — the landmarked oceanfront house she bought 20 years ago in the wake of her famous split from Donald Trump — has sold for $16.6 million, according to the deed recorded this week.

Fashion designer and Gulf Stream property owner Tomas Maier is behind the revocable trust that bought the house. The trust is in the name of Thomas R. Maier, a name associated in public documents with the German-born designer. A Tomas Maier apparel boutique operates in the Via Mizner, and he also is the creative director for the Italian fashion label Bottega Veneta.

Ivana Trump paid $4.4 million for the Estate Section house in 1994, two years after her divorce became final.

Mizner-designed house

Noted society architect Addison Mizner designed Concha Marina in 1921, although it later was expanded significantly by other architects. With about 174 feet of beachfront, the property today has nine bedrooms and 14,406 square feet of living space, inside and out, according to sales listing.

The house stands on a lot measuring a little more than three-quarters of an acre with a lawn facing the sea. It’s about a half-mile north of Donald Trump’s Mar-a-Lago Club, the couple’s vacation home while they were married.

Among its features, the property has an underground tunnel linking the property to the beach across South Ocean Boulevard.

Ties to Palm Beach

Ivana Trump owned the house in her name and had it homesteaded in Palm Beach County’s tax rolls. She said through a spokeswoman earlier this year that the time had come to downsize. With her three children grown, she said she no longer needs as much space. She also has homes in Miami, London and St. Tropez in the south of France, according to published reports.

Her spokeswoman said Trump plans to maintain ties to Palm Beach because of her children. But she provided no specific information about whether Trump would buy a new home here.

In 1990, the town granted the Jungle Road property landmark status, protecting some of the home’s exterior walls from significant alteration.

Layout evolved

Although he is said to have designed Concha Marina for himself, Mizner sold it a year later to George and Isobel Dodge Sloane. In 1963, many of its original furnishings and fixtures were sold by the Sloane estate in an auction described as one of the most important events of the season, according to coverage in the Daily News.

Concha Marina also was an important venue for social events during the Sloanes’ ownership, newspaper coverage shows. In 1947, for instance, the Duke and Duchess of Windsor were guests of honor at a dinner party there.

Among the architects who worked on the house in the years after it was built were Marion Sims Wyeth, Maurice Fatio, Henry Harding, John Volk, Bryan Simonson and Jeffery Smith. The house’s L-shaped layout has been re-worked considerably over the years, but Mizner’s original architecture is still evident.

In 2012, the Florida chapter of the American Institute of Architects placed the house on a Top 100 list of architecturally significant buildings in the state. It was one of six Palm Beach buildings so honored.

“Although the house has been altered over the course of time, it is a good example of how a Palm Beach house has evolved through the influence of different architects working in the same idiom. Each architect enhanced the pre-existing composition,” reads the AIA statement about the house.

Smith designed a significant restoration project for owner Herbert S. Pheeney, a real estate broker who bought it for $3.5 million in 1989 and later sold it to Trump.

Much of the restoration was spent uncovering and replicating original details that had been removed, disguised or painted over before Pheeney bought it, Smith said.

Home in Gulf Stream

In 2011, Maier told the Daily News he was a fan of Palm Beach. “The town is a unique community, with a remarkable spirit of invention,” he said.

Under the name Thomas Maier, Maier co-owns an oceanfront house in Gulf Stream with Andrew Preston, his longtime partner and business associate, property records show. The two have owned the homesteaded house since 2006, and it is not listed for sale, according to MLS records.

Maier has signed a $10 million mortgage on the Jungle Road property, courthouse filings show.

Along with the Tomas Maier boutique in Palm Beach, another store operates in the Hamptons, and the company has announced plans for a  New York City venue. Bottega Veneta includes locations on Worth Avenue and in Bal Harbour that sell the brand’s signature leather accessories, handbags and fashions.

In addition to the home on Jungle Road, Ivana Trump had bought a house in 1999 at 190 Via Palma she christened Solo Mio (“Mine Alone”). She remodeled it but reportedly never lived in the house before she sold it in 2004.

Trump is a Czechoslovakian native and former model whose business enterprises today include books, fragrances and a line of California wines. She and Donald Trump — her second husband — were married for more than 14 years and had three children together. She has since twice remarried and divorced, most recently to Rossano Rubicondi.

Dated June 27, the deed for 102 Jungle Road wasn’t recorded by the county clerk’s office until Monday.

tony signiture

The Perfect Palm Beach Family Home

246 Eden Road
$6,700,000
6 Bedrooms | 5 Bathrooms | 2 Powder Rooms

Traditional Bermuda style 6 bedroom, 5 bathroom and 2 powder room home that includes a 1 bedroom garage apartment. This 6,500 square foot home includes a formal dining room, paneled living room, paneled library, two wine cellars, covered loggia, exercise room, marble baths, hardwood floors, a new pool/jacuzzi, and a large outdoor terrace. It has been completely updated with impact glass, new roof, and full house generator. It also includes deeded private beach access. See this listing
MLS Listing
OFFERED EXCLUSIVELY THROUGH

CRISTA RYAN
561.313.1327


Office: 561.659.5113
220 Sunrise Ave
Suite 103
Palm Beach, Florida 33480

Auto parts CEO sells waterfront Palm Beach lot for $8.6M

Auto parts CEO sells waterfront Palm Beach lot for $8.6M

Buyer plans to build a two-story home on the waterfront lot

 

Auto parts CEO Alfred J. Fisher III and his wife Barbara Fisher just sold their waterfront vacant lot in Palm Beach for $8.6 million to a financial executive who plans to build a two-story home.

Property records show Roger K. Taylor, founder of the New York-based Financial Guaranty Insurance Company, is the buyer. He paid about $534 per square foot for the 16,117-square-foot lot at 671 Island Drive, where Taylor and his wife Roxann secured approval last month to build a modern, two-story home, according to the Palm Beach Daily News.

Fisher heads Fisher and Co., a manufacturer of seating-systems and mechanisms for the automotive industry. The Fishers paid $1.75 million in 1993 for the property in separate trusts, records show.

The lot has been on and off the market since 2015, according to Realtor.com. It hit the market in 2015 for $8.95 million, which means it sold $350,000 less than its asking price.

In May, a nearby vacant lakeside lot in Palm Beach sold for $5 million, or nearly $330 per square foot.

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We are looking for a Summer/Fall Intern!!

View this email in your browser

Dear Friends and Clients,

Every summer, we hire a summer/fall intern for our Palm Beach office.  The job description is as follows:

The internship opportunity will allow a student to gain experience in a variety of fields as they work alongside the Office Manager/Marketing Director that manages our Palm Beach and Casa de Campo office.   The student will be exposed to the typical office routine including, but not limited to, supply orders, fielding phone calls,  categorizing real estate contracts and data input in the regional and Palm Beach MLS systems. Also, they will gain exposure to a variety of marketing projects including, but not limited to, newspaper and magazine advertising, email blasts, our annual telephone directory, creating brochures, proofing, adding to face book, Instagram and meeting crucial deadlines. This opportunity will benefit those interested in Office Management, Marketing, and/or Real Estate.

With a total of 200 hours, we can be flexible to work with your school schedule.

Email or call our office If you can recommend someone or know of someone that will  benefit from and would enjoy being part of our team.

Thank you!

Kind Regards,
Mario

Mario Lombardo
Office Manager /Marketing Director

Tina Fanjul Real Estate Associates
220 Sunrise Ave. #103 | Palm Beach | Florida | 33480
Hotel Office | The Entrance | Casa de Campo | Dominican Republic
The Marina | Plaza Portofino #13 | Casa de Campo | Dominican Republic
Fax: (561) 659-6925 PB Office: (561) 659-5113
CDC Office: (809) 523-2273

DDG’s 3550 South Ocean condo project in Palm Beach breaks ground

 

Presales are at 20%, after launching sales early this year

 

DDG broke ground Wednesday on its condo project 3550 South Ocean, marking the first new luxury beachfront residential building to be built on Palm Beach in more than a decade.

New York-based DDG launched sales early this year on the seven-story, 30-unit project. Presales are now at 20 percent, according to a release. Two- and three-bedroom condos start at $1.875 million.

DDG declined through a spokesperson to discuss financing for the project.

The project is being designed by Garcia Stromberg of Palm Beach, Kobi Karp Architecture of Miami and Champalimaud of New York. Each unit will span from 2,700 square feet to more than 3,000 square feet, and will feature direct elevator access, private entry foyers, balconies and direct water views. Five penthouses will also have private rooftop terraces. All the condos will be delivered move-in ready, according to the release.

Amenities will include beach access, a beachfront salt water swimming pool and sun terrace, a fitness studio, on-site surf board and stand-up paddleboard storage, private gated access and private parking. Additionally, DDG has a partnership with The Wright Fit, to provide such services as massages, indoor and outdoor private training, yoga and youth fitness for residents. DDG will also have a partnership with Star Jets International.

Completion of 3550 South Ocean is expected in late 2018. — Ina Cordle

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Palm Beach Office:
220 Sunrise Avenue, #103
Palm Beach, FL 33480
T:  561-659-5113 or 
office@fanjulrealestate.com

Beyond the Hedges: Property values in Palm Beach on the rise

249 MONTEREY ROAD
Sold by Crist Ryan
561.313.1327

Beyond the Hedges: Property values in Palm Beach on the rise

By Darrell Hofheinz – Daily News Real Estate Writer

“If you’ve been following skyrocketing property values in Palm Beach, you might be forgiven if you’ve forgotten the years-long economic wallop the Great Recession delivered to the island’s real estate boom after the slowdown took root in late 2008.”

“The good news is that official property values in Palm Beach have surpassed — by several billion dollars — those recorded before the recession hit, as new estimates from the Palm Beach County Property Appraiser’s office show.”

“The latest estimated “total market value” of properties in Palm Beach is $21.8 billion. Compare that to pre-recession 2007, when that total reached just $16.3 billion. Those figures include all properties in town, where the overwhelming majority is residential, not commercial.”

“To be clear: The figures are for total value, which differs from taxable value. The latter figure takes into account homestead exemptions, other exemptions and property-tax caps to determine the actual values on which taxes are levied. Estimated taxable property values in Palm Beach total $16.9 billion, up 6.4 percent from a year ago.”

“The countywide tax-roll estimates were released last week to help municipalities and the county make revenue projections from income that will flow into government coffers once tax bills are mailed later this year. One major caveat: The figures require looking back six months, because they are based on county appraisers’ estimates of property values as of Jan. 1.”

232 SEABREEZE AVE
Sold by Crista Ryan
561.313.1327
273 LIST ROAD
Sold by Crista Ryan
561.313.1327
247 MIRAFLORES DRIVE
Sold by Crista Ryan
561.313.1327
255 PLANTATION ROAD
Sold by Crista Ryan
561.313.1327
170 N OCEAN BLVD, 401
Sold by Crista Ryan
561.313.1327
150 BRADLEY PLACE, 501
Sold by Helene Sidel
561.301.1135
100 WORTH AVE, 513
Sold by Beth Cole
561.758.1541
900 Ocean Dr 605, Juno Beach
Sold by Beth Cole
561.758.1541
3200 S OCEAN BLVD, 503 A
Sold by Helen Sidel
561.301.1135
1801 S FLAGLER DRIVE, 1604
Sold by Jen Thron
561.310.3265
Palm Beach Office:
220 Sunrise Avenue, #103
Palm Beach, FL 33480
T:  561-659-5113 or 
office@fanjulrealestate.com

Villa Tranquilla mansion in Palm Beach, once linked to Vera Wang, sells for $36M

 
Sale price equates to $3,080 psf
A restored Spanish and Mediterranean-style mansion in Palm Beach, known as Villa Tranquilla, just sold for $36.15 million, property records show.

West Palm Beach-based entity 640 Palm Beach LLC bought the 11,735-square-foot mansion for $3,080 per square foot. Attorney Larry B. Alexander, chairman of Jones, Foster Johnston & Stubbs P.A., represented the buyer.

Property records show the one-acre estate at 640 South Ocean Boulevard was sold by Ocean Place Properties LLC, a limited liability company led by energy businessman Larry J. Gelber.

Records show the waterfront mansion was originally built in 1928 by architect Addison Mizner. Architect Jeffery Smith of Smith Architectural Group was behind the renovations and restoration of the estate, which took more than three years to complete and were finished in 2014, according to the listing. In 1996, the mansion was designated a landmark, meaning any changes to the mansion’s original exterior look must get approval from the Landmarks Commission.

The eight-bedroom, nine-bathroom and three-half bathroom house features include a deck, patio, library, theater and pool. Its interior has granite countertops and hardwood and tile flooring.

Records show in 1996 the mansion at the corner of El Brillo Way was owned by the late oil and pharmaceutical tycoon Cheng Ching Wang, father of fashion designer Vera Wang. Vera Wang and her brother Kenneth Wang sold the home in 2008.

Residential sales in Palm Beach County in May increased by 5.8 percent to 3,188 from 3,012 the previous year, according to the Realtors Association of the Palm Beaches.

Just this month, Billionaire George Lindemann and his wife Frayda sold their oceanfront house at 1565 North Ocean Way for $25.2 million.

Other nearby notable sales include the newly completed 1.5-acre property at 101 Indian Road that sold for $49 million -marking the most expensive home to trade in more than a year in Palm Beach County.
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IDX MLS IDX Listing Disclosure © 2014

Information in regards to real estate and homes for sale or other listings may have come from a cooperative data exchange service. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. We provide all information about homes for sale and real estate or other listings as is with absolutely no warranties. This site will be monitored for 'scraping' and any use of search facilities of data on the site other than by a consumer looking to purchase real estate, is prohibited. Feel free to contact our agents to find a great specialist.