Jim's Jupiter  Report       


Platinum Producer 2008/2009/2010

              Top 1% of the agents - $ 8 Million SOLD 2010




                                     Jupiter Key Townhome
                         4 Bedroom 4 Bath - 3,000 sq. ft 2 car garage
                          Beautiful ocean views from the 2nd and third floors
                                     Asking $1,250,000
                                 View Jupiter Key Townhome
                        Oceanfront Home Juno Beach
5 Bedroom - 4,000 sq. ft CBS Home
Overlooks Juno Pier
                             Just Listed - Asking 2 Million
                                      View Juno Home
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       Jupiter Report  April 27, 2011 
             Thinking of Selling?
   Know someone looking  to SELL!
                            Call Me!
This week we had 69 homes close, up from last weeks 61 and  above the average of 50 we have been seeing. You'll notice quite a few waterfront homes are being sold at really strong numbers. The top two this week at 6.5 million and the other at 3.6 million. It goes back again to value. People are seeing value in unique properties and waterfront homes always seem to be a very desirable commodity.
469 Ocean Ridge, a Juno Beach townhome sold for $485,000. That is $ 285 per sq. ft. and no ocean view.
We also saw 2409 N. Fairway in the Estuary sell in less then 5 days at full asking price of $399,500. This is a rare 3 bedroom unit. The last two sales in there were $342,000 and $372,500 back in 2009.  Even in the peak of the market a similiar unit sold for $470,000. This sale is only 15% off the highest priced unit ever sold in there. That 1 extra bedroom in there brings a tremendous value to that condo. Looks like prices for these units are going up.
You will also notice that many of the selling prices are  closer to the listing prices on many of the properties. You'll see many are in the 5% -10% range off the asking prices  and more are in that 5% range.
I wish I could predict what the market will do this year. I see real estate demand in Jupiter is quite high for specific properties. The buying habits have changed from years ago and people are looking for bigger and more amenities then in the past. The buyer's expectations are much higher then the typical buyer just 15 years ago. Most of Florida was built for the retired couple who didn't need more then 2 bedrooms. Now everyone wants a minimum of 3 bedrooms which drives up the demand for those properties. 
Do your  homework,  buy right and hold your  property a few years.  I feel you'll see appreciation in this Jupiter market because the area is nice, uncrowded and has much to offer. The key is buying good quality properties that are unique. 
Here is another interesting fact I discovered yesterday. I did a search for Jupiter homes that were 2500 sq. ft and larger for rent and came up with just 4 homes available for an annual rental. Asking prices went from $2,900 per month to $5,000 per month. This is a pretty astounding fact that there are so few homes available to rent in all of Jupiter.
 Ritz Carlton Fractional Ownership for Sale: With the home is 5 weeks of use at Jupiter or any of the other Ritz Fractional properties ( Bachelor Gulch, Maui, Aspen, Lake Tahoe, St Thomas) as well as Membership perks at all Ritz Carlton hotels. Asking $210,000. Contact me for details. 
Rentals- Bluffs Ocean South furnished - ocean views seasonal or annual. 2 bedroom 2 bath. Off season short term. $1,800 furnished. Seasonal - $3,800 per month.
The Estuary - 2 bedroom 2 bath with loft overlooking the par 3 golf course. Single car garage, community pool. Walk to beach. Gated community. Fully furnished for next season. 3 month rental at $3,600 per month. Available off season too.
Sea Brook - 2 Bedroom 2.5 bath. Walk to beach. Gated community. Large patio. Great beach community. Available July 1.
$1,400 per month annual lease.
             Click below to View Trendgrahix
                  Top Ten Report 
I added several new  properties to my 10 best list this week.
I  attached several unique waterfront properties that might catch your interest. Several townhomes with ocean and /or Intracoastal water views. Lykes Landing on Jupiter Island is a 3,600 sq. ft townhome sitting on the best Intracoastal water in the area. Recently reduced to $1.4 million.
Cote De La Mer and San Remo both direct oceanfront townhomes on the sand in Juno Beach.
Last but not least but the Jupiter key oceanfront townhome in the gated oceanfront community of Jupiter Key.
On the other end of the spectrum check out the Water Glades condo 4A which overlooks MacArthur Park on Singer Island and Dunes Tower Penthouse with a wrap around balcony with gorgous water views. Both are in the low $300,000's.
The second is a Harbor home in Admirals Cove. Completely remodeled 2 bedroom plus a den on one floor. Everything is beautifully redone and requires a tennis membership. Boaters, it comes with a 37 ft. dock with ocean access in your backyard which overlooks the golf course and the beautiful water view. Admirals Cove has golf, tennis a wonderful marina and a grand clubhouse.  Take a look at this Harbor home. These homes are selling in Admirals.
Three bedroom plus den models available.
Seaview a beautiful townhome in Juno Beach. Walk to beach, remodeled and asking $359,000.
Jupiter Yacht Club Pointe building #506 is still available. It is well priced  and has incredible views. Watch the boats go by on the Intracoastal. 
Surf #406 reduced again today from  $365,000 to $345,000. Incredible direct ocean views. New hurricane windows and sliders.  Best Deal in Juno Beach!
                   Jupiter Top Ten Report   
Posted by Jim McLane on
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