JUPITER ISLAND: SELL YOUR HOME IN PIECES
June 8, 2017 | Richard Sites
Jupiter Island is one of the wealthiest areas in the country. But the properties are so large and so unusual that they sometimes stay on the market for years before they sell.
Of course, like all sellers, when homes don’t sell reducing the price is the most typical strategy to attract buyers. But I have always believed that imagination can play an important role in getting a property sold.
One estate, originally priced at $65 million failed to sell so here’s what the owner decided to do.
He’s putting the elaborate Italian Renaissance-style compound on the market as three separate parcels—and listing each of them with a different real-estate agent.
The compound spans about 12 acres on Jupiter Island from the Atlantic Ocean to the Intracoastal Waterway. Last year he listed roughly 8½ acres of it for $65 million, then took it off the market in March. Now it is returning to market, plus some additional acreage, for a total of $51 million.
The largest piece, a 5.34-acre oceanfront parcel with the main house and four other structures, is listed at $32 million including furniture. (Selling a house furnished is a big mistake, instead OFFER the furniture.)
A second parcel on 1.7 acres with frontage on the Intracoastal, containing a four-bedroom house, a swimming pool and pool house, is listed for $10.5 million.
An additional vacant parcel on 1.7 acres with a dock on the Intracoastal is listed for $8.5 million
The seller says he thinks listing with 3 different agents will increase exposure, but he is wrong. Everybody has the same information.
The house was built over 30 years using imported European materials and craftsman but the European look is not very popular now. He may still be in for a long wait for the right buyer or buyers.
For more information on the Jupiter real estate scene and lifestyle be sure to visit my You Tube Channel. And for personal service, contact me directly at 561-762-4073.