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List price exceeds 12 month record sales price by $240,000

If you read our weekly market updates you know the current real estate market is interesting with some segments performing better than others. Median prices for single family homes have finally started to stabilize and have signaled they may start moving higher after a four month slide of about 8.4%. Seasonal buying should push prices higher and many sellers are priced ahead of the market looking to get a great price for their homes.

Palm Beach Country Estates Sign

This new listing at 15733 89th Avenue N hit the market last night at $989,900 and it is indeed a very special home. Over 4,000 livable square feet that was built by the seller back in 2003 and it is beautiful. Sited perfectly on a 1.7 acre lot the back yard is an amazing place to enjoy Florida outdoor living with a huge free form pool and newly thatched Tiki hut where you can enjoy amazing sunsets over the c-18 canal. The covered patio covers a vast 443 square feet. A most private oasis indeed.

The home features 4 bedrooms and 4.5 baths and is priced at $242.74 per livable square feet. Features include a sizable 818 square foot three car garage and finishes throughout the home are exceptional in quality with impact glass throughout. In the end this home is worth exactly what a ready, willing and able buyer will pay and a strong home buying season from our winter visitors should see this home set a new 12 month sales price record in Palm Beach Country Estates.

Palm Beach Country Estates is a family oriented community that allows residents to enjoy privacy on large lots without being encumbered by an association. Here you will find a comfortable lifestyle just minutes from all that Palm Beach Gardens and Jupiter has to offer. Two thousand acres just off of both the Florida Turnpike and I-95 where the 1,500 homes are still within easy access to amazing restaurants like Tim Lipman’s Coolinary Cafe.

We are seeing new record prices throughout the Northern Palm Beaches in many neighborhoods and this home is positioned to be next. Last April a sale was recorded in the neighborhood at $1,053,800 but is was just entered for information purposes on a custom home built by Vista Builders after the owner paid $190,000 for the 1.15 acre lot just north of Donald Ross. That home was larger and the reported total cost was $210.68 per finished square feet which includes a finished secondary building measuring 720 square feet.

If you are looking for a custom built home on a huge private lot within minutes of town this is one property you should have on your radar screen. We have a complete analysis of the numbers and are happy to arrange a private tour at a time convenient to your schedule. If you contact me and utilize Paradise Sharks as your broker on this purchase we will provide you a $9,000 cash credit at closing, just mention that you read my article on the home and it’s as simple as that.

Remember when doing anything real estate to get complete information and make a fully informed decision whether you are buying, or selling. Get educated, not sold, and if we can be of assistance in any way just let us know at info@paradisesharks.com.

Fins up……..

Tom Priester
Principal Broker

Paradise Sharks