Surf Juno Beach

2Bd/2 Ba with 1 garage spaces. Sits on the sand. Small dogs allowed. Great pool area. Look at that beach!

Just reduced $15,000 to $385,000  -

View Surf in Juno

Jupiter Homes for Sale


This week we saw  Jupiter home sales  rise  back to a high of 91 homes from 67 homes last week. This will probably be the last big week for sales and we should start to see sales fall back to around 50-60 per week. My biggest problem right now is I have a list of buyers looking for certain communities and there is either nothing for sale in there or not the right property. Many oceanfront condos have only low floors left for sale with limited views and in need of major renovations or just no condos for sale in the building period. I'm seeing Bluffs homes selling that back to US 1 and they are usually the last homes to sell. The Sea Colony home that was on my 10 Best list sold in just two days and I have several customers looking for lake homes in Sea Colony but none are available. I'm also sending recent sales to several  customers who made offers on properties and did not get them to show what they ended up selling for. Much higher than they expected. In fact when you look at the sales this week take  a good look at the asking prices vs selling prices, especially the lower priced condos where we are seeing them sell at list or higher.  


Buyers when looking at condos and townhomes take a look at whether it is a condo or an HOA association. I typically classify a condo as a multi story building and a townhome as a two level home with a courtyard. How they are registered with the state is how the banks classify them. The difference for financing is tremendous. A condo will require a 30% down payment while an HOA community can be done with as little as 3% down for FHA loans. This is the reason you are seeing so many renters out there. Many first time home buyers always bought condos as their first home. Much less expensive than a single family home or townhome but now with a 30% down payment requirement even a $100,000 condo is out of reach for many buyers. This is why you see the condo market a bit weaker than homes and townhomes. This is also why investors are buying the lower priced condos for cash.  Remember there is usually a reason for everything. Here is another prime example for buyers. You can go to Stuart and buy a condo on the water built in 2005 for just under $200,000. Wow what a deal!  Okay, now remember what I always say. Now you need a $60,000 down payment plus closing costs which will probably bring it to nearly $70,000 down on a $200,000 condo. Great you have the $70,000 but now lets check your condo fees. $750 per month, must be a typo. Sorry! Lets add our taxes at $3,000 per year which gives you a monthly tax and condo bill of $1,000 per month plus your mortgage payment. How big is the condo? 1,200 sq. ft. It sounded like a great deal when I started but now I have you wandering.


The average Jupiter condo fee per month runs about $300 per month on the low end and in an oceanfront condo you are looking at $600 per month on the low end with many newer buildings at $1,000 per month or more. Many people look at condos in Abacoa and see $250 - $275 per month and that seems quite reasonable but the caveat is you pay your own building insurance, water, sewer and maintenance for roof repairs. So that $250 just turned into $450-$500 per month.


Buyers it is important to get signed up to receive new listings as they come to market. Not only do you have to do some research by looking on-line, use any of my websites for your daily searches. It will save your searches and email you new listings as they come to market. Don't be afraid to call or contact me for questions about specific Jupiter beach condos or homes or if you aren't seeing exactly what you want.                       



                            Sugar Sands Condo on Singer Island 2bd/2ba with boat dock available to buy or rent. Overlooks canal. Walk to beach. 55 plus community. $249,000. Call or email for details.



Posted by Jim McLane on


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