Jupiter Inlet Colony: 1/2 acre directly on the ocean for $6.4 million

Jupiter Inlet Colony offers oceanfront residents one of the most idyllic Atlantic settings in South Florida.  Although the Colony offers some “off the water” homes, those along the ocean, inlet or Intracoastal are the most spectacular and as time goes by will become more and more sought after.

Jupiter Inlet Colony

And as if the location were not perfect enough, this home is situated on about 1/2 acre directly on the ocean! The opportunity to own something like this does not come around often.  Other choice properties on the ocean with this size lot in place like Seminole Landing and Lost Tree Village can often command prices double what the owner is asking for this one.

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Jupiter Island condos: Penthouse comes on the market near $4 million

Jupiter Island condos offer residents the same exclusive lifestyle as those living in the large estates further north. The condos are located on the southern end of the island between the estates and Jupiter Inlet Colony and have spectacular views of both the Intracoastal Waterway and the Atlantic Ocean.

Jupiter Island condos

The northernmost of these condos is The Claridge and the north side penthouse on the 9th floor just came on the market.

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Riverfront homes: 3 sales over $1 million in the last 30 days

Riverfront homes in Jupiter and Tequesta have slowed their pace of sales in the last 30 days.  As we move through the dog days of summer, fewer buyers are coming down to look at properties and make offers.

Right now, there are 36 waterfront homes for sale priced over $1 million in this area.  In the last 30 days only 3 have sold.

 

Jupiter riverfront homes for sale

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Burt Reynolds’ house still on the market at $4.9 million

Burt Reynolds is Jupiter’s most famous son even though he was not born here.  His father was police chief in Riviera Beach, just to our south, but Reynolds adopted our great Jupiter lifestyle.  He attended FSU and was at one time the highest paid actor in the world. His ranch in Jupiter Farms was once a tourist attraction and B.J. Stryker and Smokey and the Bandit were filmed in part in Jupiter.

In April 2014, the 153-acre rural Burt Reynolds ranch property was rezoned for residential use so the Palm Beach County school system could sell it to residential developer K. Hovnanian Homes.

Burt Reynolds house 002

For decades he has owned a home on the Intracoastal Waterway named “Valhalla” and has been trying to sell it since we were at the top of the market.

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Overpricing your home: 3 reasons this is a bad idea

Overpricing your home is the # 1  way to end up frustrated, disappointed and receive less money than you might otherwise realize from the sale of your home.  How could this be true?

After all, isn’t there someone out there, with all cash, that might fall so heavily in love with your house that they pay what you are asking?  The answer is no.  So let’s drill down a little and see why.

Palm Beach Gardens luxury homes

 

THE APPRAISED VALUE IS WHAT MATTERS

No matter what price you get on an offer for your house, the appraised value is all that matters to a lender.  I have written about this before.  So what difference does this make?

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Jupiter Inlet Colony: A bank owned investment opportunity

Jupiter Inlet Colony, the private enclave on the southern end of Jupiter Island, has an incredible investment opportunity available for the right party.  JIC is so private that in 2011 it was voted the safest town in Florida.  It is also a great place for real estate investing.

214 Shelter Lane

Carlos Justo once pointed out that the beachfront homes in Sunny Isles were a fantastic place to own a “one-of-a-kind” beachfront location.  Jupiter Inlet Colony homes are as close to this type of location as you can get.  If you go south to North Palm Beach, a beachfront location there will run you over $10 million.

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Intracoastal location in Tequesta under contract in 12 days at $2.4 million

Tequesta has some of the finest waterfront properties in South Florida.  Located on the mainland just across from Jupiter Island, these Intracoastal sites are each different and unique, but they all have one thing in common…the view!

Waterfront properties in Tequesta

The Jupiter Inlet is only about a mile to the south which means that at high tide (twice each day) our sparkling, clear, blue Atlantic water comes in the Inlet and up behind these homes.

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PGA Tour pros call the Jupiter area home

I hate to sound like the Chamber of Commerce but I believe anyone who can live in Jupiter…does!  Here’s a short list of the PGA Tour pros who call this area home.

Up on Jupiter Island, live Tiger Woods, Greg Norman and Nick Price.  Years ago, Lee Trevino had a big estate there and one day while visiting the house next door I overheard him working in his garage on his golf clubs and chatting with his caddie, Herman Mitchell.  It’s always interesting to be a “fly on the wall” and see the famous living just like the rest of us.
Jupiter Florida
Jesper Parnevik used to live in Admirals Cove.  One day while driving through AC, I saw him being filmed hitting balls across the water on a short par 3.  I don’t know what they were filming, but he sure made it look effortless.  In addition to his golf skills, he is famous for introducing Tiger to his (then future) wife, Elin.  The following year while at the Palm Beach Boat Show we were walking behind him on the docks and later saw Ian Baker-Finch near the sailboats.   Finch lives just south of Jupiter.

In Tequesta, Mark Calcavecchia, Steve Marino, Keegan Bradley and Camilo Villegas all own properties along the Loxahatchee River.  Across the River, Rickie Fowler bought a home and when word got out of his new address the traffic increased to the point that the neighborhood had to install gates.
Briny Baird lives in nearby Palm City and Will McKenzie calls Jupiter home as well.  And Jack Nicklaus lives in North Palm Beach.
And Luke Donald and Dustin Johnson both own Intracoastal homes, although Johnson just put his on the market for $4 million.
If you would like to have a no pressure conversation about the luxury real estate market here, use the contact form below or call me directly at 561-762-4073.  Unlike many agents, I have lived here 25 years and know the market inside and out.

Richard Sites, Jupiter Realtor

Richard Sites

Jupiter riverfront homes: The most expensive listing

Jupiter riverfront homes offer some of the most desirable living in the area.  Since the area was platted years ago many of the properties are irregular in shape and some are quite large.  In fact, one sold recently that was several acres in size.

Luxury waterfront properties in Jupiter, FL. Follow the luxury market at www.coastalflrealestate.com or www.youtube (119)

Right now, there are 36 riverfront homes for sale priced over $1 million.  The most expensive of these is located on the west side of the river.

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Foreclosures in the Jupiter real estate market between $300-$500,000

Homes for sale in Jupiter sell at higher prices than most other Palm Beach County homes for sale.  Typically, the $300,000 – $500,000 market is our most popular price range.  Right now, about 17% of the homes for sale in Jupiter and Tequesta are in this range (196 homes).

Jupiter homes for sale

But what about foreclosures? Continue reading

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