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
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Our newest issue of Palm Beach Chic will show you the way to sell and buy property in Palm Beach.
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Our Global Affiliates Partners are promoting your properties worldwide.
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We are representing the largest local industries relocating top executives for another consecutive year.
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We are now selling property between Jupiter to Miami.
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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
