Loxahatchee River Homes: First quarter real estate update
April 18, 2016 | Richard Sites
Homes for sale on the Loxahatchee River offer some of the finest waterfront locations in all of South Florida. I should know, I grew up in Miami and have lived in Jupiter for 25 years. I have also been all over the waterfront between Stuart and Homestead and if you can afford to live on the river…you should!
Let’s take a look at the real estate action for the first quarter of this year.
Right now, there are 46 riverfront homes for sale. They are priced as high as $8 million.
10 houses sold in the first quarter, the highest priced sale was Mark Calcavecchia’s home for $5.4 million in a cash transaction after 41 days. The average sale price was $2.1 million while the median was $1.75 million or $533 per square foot. This is about the same price per square foot as homes for sale in Admirals Cove.
There are currently 8 under contract with a median price of $2 million.
The absolute best deal is a new listing on the west side of the river at $2.8 million. This site has 120 of river frontage and 1.31 acres.
If you are looking at riverfront or waterfront properties in the area, let me show you the ones that would suit your lifestyle. Contact me directly at 561-762-4073 or use the form below.