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How has the luxury real estate market in your market been performing so far in 2020?

Residential sales Jan 2020 vs. Jan 2019:

• 22 sales vs. 21
• +$96M sales volume vs. +$53.5M: 79% increase
• average sale price +$4.37M vs. +$2.5M: 71% increase.

Condo sales Jan 2020 vs. Jan 2019:

• 29 sales vs. 18: 61% increase
• +$47.4M sales volume vs. +$15.5M: 204% increase
• average sale price +$1.6M vs. +$865,000: 88% increase

What are buyers looking for in their homes in your market in 2020?

New construction and renovated homes

Which has been a highlight sale for you so far in 2020?

The highlight of our 2020 has been the closing of 113 Atlantic Avenue, Palm Beach – representing the Buyer of this new Mediterranean construction on the ocean block, in-town home. Convenient location on large lot. 

301 Indian Road: represented the Seller of this land sale on the northernmost edge of Palm Beach Island, the perfect opportunity to build a dream home!

Are there any new restaurants or other spots in your market you’ve been loving lately?

Yes, Palm Beach has more restaurants opening this year than any year in the past. LoLa 41 from Nantucket, Almond from Bridgehampton, Shifty’s from NYC, and a new location for Italian dining, Trevini.

It’s time for spring break. What is a fun activity in your market?

One of Palm Beach’s best activities is going to the beach. Lucky for us, we can go to the beach at any time of the year! We find that spring breakers love the beach too! With our influx in population from 10,000 to +30,000 in season, the beach is a hot spot, along with delicious al fresco dining and the beautiful Vias of Worth Avenue. 

Photo Credit: www.shutterstock.com

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Spectacular direct ocean views from this magnificently renovated penthouse apartment in the coveted 2500 building. All new white impact doors lead out to the large wraparound terrace with breathtaking views of the Ocean and Intracoastal. Total interior renovation with the finest material and fixtures. Spa-like baths, high ceilings, custom woodwork, and spacious fitted closets. Poolside cabana included. 2 pets allowed. The building has undergone extensive renovations with new balconies, common areas, fitness center, pool area, community room, and tennis courts. There is 2 car garage parking, 24 hour manned gatehouse, pool attendant, and each building has its own porter. The property is magnificent and sits on 8.6 Oceanfront acres with lots of green space and a wide beach.

Address: 2500 S Ocean, Ph C 5, Palm Beach, FL 33480

Price: $3,150,000

For more information, please contact Pamela Gottfried And Joan Wenzel at 561.371.5700 or pamela.gottfried@elliman.com and joan.wenzel@elliman.com

Pamela Gottfried And Joan Wenzel are the exclusive agents representing the Palm Beach, FL market as members of the Haute Residence Real Estate Network. View all of their listings here.

Photo Credit: Douglas Elliman Real Estate Photo Credit: Douglas Elliman Real Estate Photo Credit: Douglas Elliman Real Estate Photo Credit: Douglas Elliman Real Estate Photo Credit: Douglas Elliman Real Estate

The post Pamela Gottfried and Joan Wenzel Present A Magnificent Palm Beach Residence appeared first on Haute Residence by Haute Living.

Spectacular Direct Ocean views from every room of this amazing, fully renovated apartment. Watch the sunrise and sunset from three balconies. 3 bedroom, 3 bathroom, 3000 sqft of interior space with 9-foot ceilings. The apartment was taken down to the studs to be reconfigured and redesigned by a top New York designer with no expense spared. Beautiful open chef’s kitchen with top of the line appliances. Custom cabinetry in the kitchen, baths, and offices. Spacious closets. All hurricane impact doors and windows. The apartment includes a boat slip for a 30 ft boat along with 2 garage spaces. The 3120 Condominium is a small luxurious building of 45 units with a 24-hour man gated security, beautiful common areas, fitness center, tennis courts, sundeck overlooking the wide beach, and beautiful pool. Close to Worth Avenue, fine dining, shopping, and cultural centers.

Address:  3120 S. Ocean Blvd. #3-403, Palm Beach, FL 33487

Price: $2,850,000

For more information, please contact Pamela Gottfried And Joan Wenzel at 561.371.5700 or pamela.gottfried@elliman.com and joan.wenzel@elliman.com

Pamela Gottfried And Joan Wenzel are the exclusive agents representing the Palm Beach, FL market as members of the Haute Residence Real Estate Network. View all of their listings here.

Photo Credit: Douglas Elliman Real Estate Photo Credit: Douglas Elliman Real Estate Photo Credit: Douglas Elliman Real Estate Photo Credit: Douglas Elliman Real Estate Photo Credit: Douglas Elliman Real Estate Photo Credit: Douglas Elliman Real Estate

The post Pamela Gottfried and Joan Wenzel Present An Amazing Palm Beach Residence appeared first on Haute Residence by Haute Living.

Beautiful traditional style four-bedroom home completely renovated by the current owner, features an open design great for entertaining. This well-designed residence with modern interior is located on Ibis Isle, offering privacy and security and includes Ocean access.

Address: 2269 Ibis Isle Rd., Palm Beach, FL 33480

Price: $3,450,000

For more information, please contact Pamela Gottfried And Joan Wenzel at 561.371.5700 or pamela.gottfried@elliman.com and joan.wenzel@elliman.com

Pamela Gottfried And Joan Wenzel are the exclusive agents representing the Palm Beach, FL market as members of the Haute Residence Real Estate Network. View all of their listings here.

Photo Credit: Douglas Elliman Real Estate Photo Credit: Douglas Elliman Real Estate Photo Credit: Douglas Elliman Real Estate Photo Credit: Douglas Elliman Real Estate Photo Credit: Douglas Elliman Real Estate

The post Pamela Gottfried And Joan Wenzel Present A Traditional Palm Beach Home appeared first on Haute Residence by Haute Living.

210 Eden Rd, Palm Beach, FL 33480

We hope that everyone had a wonderful season in Palm Beach. I am happy to report that besides our town being in better shape than I ever remember, the real estate market is also moving in all the correct directions. Always up!

All our data and details are available through our collaboration and membership with Palm Beach Multiple Listing Service and the TFA research department. All data is a year over year analysis.

280 Sanford Avenue, Palm Beach, Fl 33480

Home Sales

It’s worth taking a drive through the North End (area between the inlet and Wells Road) of Palm Beach. Many of the older homes have been replaced with new construction, access to beach has become more private, our clubs have been updated and the underground burial of power lines is well under way.

The high demand for this area, with a mean sold price of $4.2M, has proven to be a difficult place to buy a home. Inventory was down 17% which also brought down the total amount of homes sold and volume. These prices will quickly change with 7 pending sales and a list price mean of $7.5M.

My favorite north end home that we sold, privately in an off-market sale, was 1438 N Ocean Blvd. The original family all surfed and seemed they were a blast because always played in the ocean. Today, the 4-story oceanfront house has been totally rebuilt, renovated, decorated and will be one of the most sought-after rentals in the 2019-2020 season. Call me for rates and availability.

Living in town proved to be very popular with an increase of 34% of homes under contract, 9% increase in volume and a 9% increase in the median price to $3.7M. This price will stay steady next quarter with 7 homes pending and a median list price of $4.4M

Our favorite in town pick was the sale of 209 Pendleton. It was a gracious Volk home, overlooking the Breakers Golf Course. Today, the home is undergoing a total renovation and is a good house to keep on your radar in case it comes back on the market for sale.

South of Worth Ave to Sloane’s Curve had a slow start with low numbers in sales, volume and a median price at $7.8M. But the end of season proved that there is a strong demand for this market with 5 pending sales, 3 direct waterfront and a median listing price of $17M.

These strong endings to the season are due to our smart sellers knowing when to reduce the list price to get the home sold. A good real estate agent, such as TFA, is important in the transaction process to feed clients accurate sales data needed to analyze the market.

The TFA award for the prettiest house with attention to every minute detail in the renovation is 555 Island Drive.

Condo Sales

You would never know it with all the traffic in town, but the condo market was steady with little change from last season. The top popular buildings were Palm Beach Tower, Sun and Surf and the Winthrop House. Over 25% of the condos sold had 3 bedrooms or more. Median sold price for condos was $875,000 and 8 sales are pending.

Sneak preview: TFA will welcome PBrentals. Our new concept rental company committed to connecting personalized services and interactive technology. Call us for more details.

TFA associates are always available to help you with all your real estate needs. Visit us in our office or call us. 561-659-5113

The post Tina Fanjul Associates On The State Of Palm Beach’s Real Estate Market appeared first on Haute Residence by Haute Living.

Direct lakefront views from totally renovated 2 bedroom/ 2.5 bathroom Lake Towers luxury condo. Full impact glass, plus washer/dryer in unit. Pet friendly building across from famed Palm Beach Lake Trail.

Address: 250 Bradley Place, #208, Palm Beach, FL 33480

Price: $2.5M

For more information, please contact Toinette Boalt at 561-371-6260 or office@fanjulrealestate.com

Tina Fanjul Associates is the exclusive agent representing the Palm Beach/West Palm Beach real estate market as a member of the Haute Residence Real Estate Network. View all of their listings here.

Photos courtesy of Tina Fanjul 

The post Lakefront Palm Beach Residence Across From Famed Trail appeared first on Haute Residence by Haute Living.

Stunning Palm Beach Home located on South Side of desirable & quiet Sanford Avenue. Built in 2012 & Designed by Smith & Moore Architects, this 4 BD / 4.5 BA Smart Home features 4,946 SF on a Beautifully Landscaped 11,042 SF Lot w/ gorgeous hedges offering plenty of privacy. A thoughtful design & layout includes spacious rooms w/ large living areas, Expansive master suite w/ private office & terrace, Library, Crestron automation system, Impact glass throughout, 2 car garage, & a gym w/sauna. French doors lead out to a Picturesque backyard featuring a covered loggia w/ Pecky Cypress Ceiling, outdoor bbq & beautiful L shaped pool w/ sun shelf. Beautiful tree-lined street situated in close proximity to the Lake Trail, Breakers Resort & Worth Avenue.

Address: 240 Sanford Avenue, Palm Beach, FL 33480

Price: $5,750,000

For more information, please contact Devin at 301-602-1172 or devin.kay@elliman.com

Devin Kay is the exclusive agent representing the Venetian Islands, FL real estate market as a member of the Haute Residence Real Estate Network. View all of his listings here.

Photos courtesy of Devin Kay

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