Pending and Sold Condos on South Ocean Blvd
From January 2009 to March 2009 - Above $500,000.

Pending and Sold Condos are still holding strong on South Palm Beach.
If you’re looking to buy or sell a condo – trust the leaders in listings and sales
On South Ocean Blvd.

• Scott Gordon Realty - 561-533-5888  www.scottgordonrealty.com
 

PENDINGS
$2,950,000  - Bellaria
$2,595,000 – 2770 Building
$1,450,000 – PB Stratford
$799,000 – Halcyon
$750,000 – Atriums
$649,000 – Atriums

SOLDS
$1,100,000 – Beachpoint
$1,050,000 – Beachpoint
$630,000 – Cove
$575,000 – Atriums
$575,000 – 3120 Bldg
$525,000 – Atriums
$500,000 – Carlton Place
 

Just released: This year’s copy of the Evans Report. Palm Beach attorney, Leslie Evans, compiles the Evans Report annually. The report breaks down condo and single family home sales in geographic areas on the island.

For last year (2007) the average sales price of a single-family home was 5.11 million. This recent year (2008) the average sales price went up to $7.14 million.

The median single-family home price in 2007 was $3.5 million; the median home price in 2008 rose to $3.875 million. Median price is the price at which half the homes sold for less, and half sold for more.

Included in the report were 3 very publicized sales: Donald Trump’s home on 515 N. County Road in July – sold for $95 million. 1236 S. Ocean Blvd for 81.5 million and 60 Blossom Way for 68.5 million – both in April.

Recession or not, sexagenarians and septuagenarians are turning their eyes toward retirement. But retirees have more options than they have in the past and have different interests as well. A trend of retirees staying active would suggest that they'd like to remain close to urban areas and with the economy in its current condition that may not be such a bad idea.

Because of the declining value in 401Ks and economic instability many people are opting to partially retire by continuing to invest and maybe even continuing to work part time. If someone is deciding to partially retire, living in an urban area is a good idea. Living in an urban area like Palm Beach provides a variety of living options; particularly the condo-lifestyle and the home-lifestyle.

Palm Beach homes range from waterfront mansions to intercoastal villas, but usually uphold a high standard of luxury. Palm Beach is a popular place for boating so waterfront property is in high demand and usually comes with a dock or has a marina close by. 

Condo living is a choice if you want to invest in Palm Beach real estate for retirement. This option is growing in popularity as Palm Beach condos are known for having incredible amenities and residential features. They also have condos that are strictly for retirees which gives residents a community of friendly and familiar neighbors.

There's a lot to choose from when deciding on retirement property in Palm Beach, but the areas high reputation for luxury ensures retirees and semi-retirees a high standard of living.

Currently listed for 10.5 million, if sold at asking price the middle penthouse at Biltmore could break condo sales records for price per square foot!

Only one of 3 penthouses the middle condo offers unique expansive views of both the Intracoastal Waterway and the Atlantic Ocean. Offering 3,299 sq. ft. this two bedroom, 2 bathroom and 2 half bathroom home is unique in many ways. The east balcony expands across most of the 10th floor and the west 2 balconies are accessed from the master bedroom and the library.

Some of the penthouse’s luxurious features include a private elevator, “huge” butler’s pantry off the kitchen, expansive wood paneled library, one-of-a-kind views of the Ocean and Intracoastal as well as a poolside cabana, which can sell alone for $400,000.

The Biltmore was built originally as The Alba Hotel in 1925 and was converted to condos in the 1970’s. The Biltmore is certainly one of the most prestigious buildings to be found in the South East United States.
 

The Polly Earl award, named after the late executive director of the Preservation Foundation of Palm beach, awards a Palm Beach property owner for outstanding service to the preservation of historic Palm Beach homes. 

At the conclusion of the annual trustees meeting Lisa and Claes Wahlestedt were awarded this years Earl Award for their property on Australian Avenue.

The Wahlestedts landmarked historical home is one of the oldest homes on the island.  Its located within the original Royal Park Addition neighborhood, originally platted in 1911 by Cap Dimick, Palm Beach’s first mayor. This area predates Town Hall.

The couple purchased the home in 2004 in pretty shabby condition. Taking careful measures to update the home without destroying its historic appearance the Wahlestedts expanded the home by about 1000 sq. ft. creating a new kitchen and family-dining area. Otherwise the floor plan did not change.
 

 Shopping for a new home invariably brings an upgrade in expectations. That is, you would rather have the home that is somewhat out of your reach than the one you would qualify for today.

 Today's new pricing could bring the home you want within your reach. Many sellers are adjusting their asking prices to reflect the changing times. That means you and others who were interested before could be even more interested now. 

 Check with your real estate agent to determine which homes with new pricing could work for you. 

 Another factor that could help involves a lender's credit for energy-efficient upgrades. Energy-efficient windows, for example, could save a homeowner $600 a year. 

 Depending on the interest rate, that reduction in utility expenses could allow you to qualify for up to $10,000 more on a 30-year mortgage.

Call your agent at Scott Gordon Realty today to inquire about recent home price reductions 561-533-5888