Jupiter Real Estate- Jupiter Homes for Sale

The Jupiter real estate continues to show strong activity especially in the entry level market which is now starting near $200,000. Under $200,000 there are just 27 - 2 bedroom condos for sale in Jupiter and most are listed at $180,000 or higher.  Along the Jupiter beach area we have just 16 properties for sale under $300,000. Most are 1,200 sq. ft and with a few possible updates but many are original condition.


Expect to budget a minimum of $200 per sq. ft away from the beach and near the beach prices are starting at $250 per sq. ft for a walk to the beach property. Jupiter oceanfront properties are starting at $400 per sq. ft.  for older updated condos and newer condos are all a million dollars plus. Our inventory choices remain very slim as buyers continue to wait patiently for new listings. It can be very frustrating for buyers as once a decent property hits the market we may see multiply offers.  

Of the 162 homes selling in Jupiter the last two weeks of May 44 were sold in 10 days and 72 properties were sold in 30 days or less. Nearly 44% of the properties sold were in 30 days or less. This shows the importance of constantly looking and making quick decisions. 

It's not much different South of here in places like Boca Raton and Delray Beach. I had a call the other day and the gentleman was looking to spend $800,000 for a Boca Raton oceanfront condos. That's a good amount  of money and you would expect to have some nice choices. Well everything I sent him with direct ocean views was built in the early 1970's with the 8 ft ceilings in condos like Whitehall.  He said I was expecting much newer and more choices. I explained, first there are very few new condos on the beach. If they are, you are looking at starting prices of $1.5 million or higher.   

Down in Delray near Atlantic Ave a new condo is being built. The address is 111 First Ave and it is a high end condo building with all the amenities similar to Azure in Juno Beach. I casually glanced at the prices and the sizes of the units which were 800 to 1,500 sq. ft. New prices were starting at $457 per sq. ft and going up to almost $600 per sq. ft.  It seems the trend is towards smaller condos again as prices continue to rise. This isn't  an oceanfront property but a luxury building in Downtown Delray. What do you think the cost per sq. ft would be if you moved it to the ocean? At least double that for new oceanfront condos. Google the address and take a look at this new building. 

You can see what developers are building as land near the coast continues to become more scare and expensive. We are seeing properties being built where you never would have thought. We are seeing more tear downs as land becomes scare in the prime locations.  

I'm seeing properties sell in locations I would never buy. I just watched a neighbor build a beautiful house here in Xanadu stuffed in between a house that should be torn down and a two story house on the other side of his property. You can see the house being built in the photo below. It's the property stuffed in between the three other homes. They paid $330,000 for the lot and then built a new home. Demand for certain locations has become crazy. Once the market settles and we see more inventory choices what will sellers of these average lots do?  That raises another question, when I drive by communities and see homes not being built during a booming market what will happen during a slowing market?  

Jupiter Seasonal Rentals 

Ocean Trail - 2bd/2ba with direct ocean views sitting on the sand. $5,500/month. Recently updated. 3 month minimum. 

Via Del Mar- 2bd/2ba one story villa. All updated with garage and several patios. Walk to the beach. $4,500/month. 60 day minimum 

The Estuary - 2 bd/2Ba condo with garage. First floor unit overlooks the golf course. Walk to beach. $4,250/month. 3 month minimum.


Posted by Jim McLane on


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