Palm Beach County Overview Q2 2024

Page 1


THE PALM BEACHES

58 BILLIONAIRES

on Forbes billionaires list for 2024 reside in the picture-perfect paradise of Palm Beach.

of Atlantic Coastline with more than 20 teeming reefs.

IN RETAIL

For Single Family Home sales in the U.S.

3,200+RESTAURANTS

With so many to chose from, theres a place for every type of foodie. Home to worldclass and casual restaurants the Palm Beaches offer a variety of restaurants and takes comfort food to a whole new level.

Wellington, The Equestrian Capital in the World, is where the International Polo Club Palm Beach and its first-rate facility set the global stage for high-goal players and their ponies, culminating with the U.S. Open Polo Championship.

TOP TOURIST DESTINATION

One of Americas top tourist locations, Palm Beach County experienced a record breaking 9.5 million visitors in 2024, which is more than the individual population of New Jersey! Tourism employs over 95,000 residents and contributes $7.1 billion in total economic impact to Palm Beach County each year.

Some of the world’s top luxury ocean front homes reside in Manalapan and Palm Beach.

4 AIRPO RT TH FUN FACTS

With 170 golf courses, Palm Beach County has the most courses (public and private) in the nation.

1,000+ 200+

That offer more than 8,000 acres of land for exploration by bicycle, boat, foot or horse.

From Worth Avenue to the Town Center at Boca Raton, Palm Beach County offers some of the most beautiful and luxurious shopping venues in the US.

76

The average winter temperature in Palm Beach County.

bring joy to 4 million audience members annually by staging 42,000 concerts, exhibitions, festivals and performances.

200,000

Acres of natural areas, preserves, and management areas.

PBIA, Palm Beach International Airport, was voted fourth-best airport in the U.S.

TENNIS COURTS

Both public and private courts for all skill levels.

Nadine’s Neighborhoods of Expertise

PALM BEACH COUNTY

Higher Priced Single Family Homes Sales Increase

Total sales increaded by 15% in Palm BEach County in the second quarter. Compared with the same time last year, there were 14% more homes sold in the greater than $5 million price tier

MARKET DATA FOR SINGLE- FAMILY HOMES, $1,000,000+

NEIGHBORHOOD SNAPSHOTS

Condominium Price Decreases

The median price decreased by 10% compared with the last year. At the same time, slaes dropped by 3%.

MARKET

DATA FOR CONDOMINIUMS, $1,000,000+

NEIGHBORHOOD SNAPSHOTS

Palm Beach Island

The Palm Beach Island community is world-renowned for its extraordinary beauty, small-town character and luxurious lifestyle. The 16-mile-long barrier island is located 65 miles north of Miami, and it is closer to the Gulf Stream than any other land area in the country, creating a paradise of lush gardens, palm-lined beaches and an abundance of marine life. The community features stunning historic architecture, highly acclaimed shopping, dining and hotels and a luxurious culture that’s been enjoyed by the rich and famous for more than 100 years. It’s also home to spectacular marinas, tennis clubs and the world-famous Palm Beach Golf Club, an award-winning Par 3 course that borders both the Atlantic and the Intracoastal. And as one of the safest and most private locations in the country, it’s no wonder people from around the world choose to buy Palm Beach real estate.

AMERICA’S FIRST RESORT DESTINATION

Delray Beach

A pendant of luxury in Palm Beach County, Delray Beach is one of the most pristine destinations in Florida, dawning a three-mile beachfront coastline that’s undeniably exceptional. A small-town community with elegant flair, this unpretentious sanctuary offers residents and visitors a kaleidoscope of attractions including everything from art, culture, shopping, nightlife, parks and farmers markets, while resting on the backdrop of luxurious Miami vibes in synthesis with the island narrative of Key West. Delray Beach attracts tourists from around the world, offering world-class resort facilities including The Seagate Hotel & Spa, Crane's Beach House Boutique Hotel & Luxury Villas, Opal Grand Oceanfront Resort & Spa and Hyatt Place Delray Beach.

A PICTURE - PERFECT POSTCARD DESTINATION

Palm Beach Gardens

Palm Beach Gardens, known as the “Garden City” to locals, speaks the language of prestigious golf clubs, luxurious shopping malls and a palatial real estate market that continues to grow. Coining itself as the crown jewel of private members clubs in The Palm Beaches, this sprawling neighborhood is the avid golf player’s dream, home to The Professional Golfers Association of America. However, amid its expansive golf courses fit with elite clubhouses, potential property owners can also find an equally high-end retail scene including The Gardens Mall, Downtown at the Gardens, Legacy Place, PGA Commons and Mainstreet at Midtown.

CHARMING FAMILY- FRIENDLY LIFESTYLE THE AVID GOLF PLAYER’S DREAM

Jupiter

Imagine a carpet of grand estates surrounded by a peaceful backdrop of natural beauty, sugary sand beaches, crystal-clear inlets and lush coastal rivers. Jupiter, the northernmost town in Palm Beach County, is one of the most sought-after family-friendly addresses in South Florida, previously named one of the 10 Happiest Seaside Towns in the USA by Coastal Living magazine. Offering residents an easygoing lifestyle in combination with white-glove, world-class amenities, this tranquil community attracts buyers from across the world, alluring professionals, business executives and Hollywood starlets with its serene seaside background, picturesque views and breathtaking golf clubs.

SPRAWLING ESTATES AND WATERFRONT MANSIONS LAID - BACK AND UNWAVERING

Juno Beach

Nestled between North Palm Beach and Jupiter, bordered by the Intracoastal Waterway and Atlantic Ocean, is the hidden gem of Juno Beach. Providing the ultimate oceanfront living experience, this beautiful city offers pristine beaches, running and biking paths along the coastline and Loggerhead Marine Life Center. However, the main hub of activity inside this blissful beach town is located by the Juno Beach Pier. Displaying 990 feet of saltwater fishing and scenic views, this tranquil spot is a dream come true for avid anglers and visiting sightseers. A fullservice Pier House also features a variety of fishing tackle, including rental poles and bait. And for those looking for the sand and surf, Juno Beach Park is the postcard-perfect destination to ride the waves, popular amongst surfers, kiteboarders and swimmers.

HIGH - RISE RESIDENCES & CHARMING TOWNHOMES

Tequesta

The charming town of Tequesta is the northernmost city of Palm Beach County, located just north of the Jupiter Inlet and adjacent to the Intracoastal Waterway. Tequesta is situated largely on the mainland, around the peaceful waterways of the Loxahatchee River, with a small section sitting on the prestigious Jupiter Island. Incorporated in 1957 (and named after the Tequesta Indians who lived in the southeastern region of Florida) as a planned community revolving around the historic Tequesta Country Club, this quaint neighborhood has since blossomed into one of the most blissful destinations in all The Palm Beaches.

A SMALL-TOWN & A FAMILY- FRIENDLY ATMOSPHERE

West Palm Beach

With its thriving economy, desirable housing options, and rich cultural tapestry, West Palm Beach offers an exceptional quality of life. The city’s business-friendly environment attracts professionals and entrepreneurs seeking work-life balance. A cultural hub, it boasts a vibrant art scene celebrating its artistic heritage. Housing options range from luxurious waterfront condos to charming historic neighborhoods, catering to diverse preferences with breathtaking ocean views or tree-lined streets fostering a strong community spirit.

A HIP GROWING CITY RICH IN HISTORY

Boca Raton

Embodying the epitome in South Florida living, Boca is one of the top ranked cities in America with a real estate market that reflects a combination of luxury mansions and contemporary skyscrapers. Formerly known as Boca Raton, this airy and vibrant coastal beach town offers potential property owners the option of resort-style living with a plethora of exclusive gated communities in addition to new modern high-rises designed by world-renowned architects. However, its rapidly developing real estate market isn’t the only reason why buyers have flocked to this balmy tropical neighborhood. Its central location makes Boca one of the most sought-after addresses in Florida amongst professionals, business executives, young families and northeastern residents who are looking to invest in a serene oceanfront getaway.

PRIME LOCATION FOR SAND, SURF AND FUN

Jupiter, Florida

Offered at $16,000,000

• 0.99 Acres

• 122” Waterfrontage

• Built in 2020

• 10,906 Total SF

• 7.046 Living SF

• 5 Bedrooms

• 6 Full + 3 Half Baths

• 5 Car Garage

• Boat Dock with Lift

• Additional Properrty Available for Purchase: A Subdividable 0.71 acre parcel across the drive with an updated 3,000 SF 3 Bedroom 2.5 Bathroom home.

About Nadine Fite

917.513.9592

nfite@onesothebysrealty.com

nadinefite.onesothebysrealty.com

“Knowing how you want to live is the first step toward knowing where.” This is the Fite Way.

Most real estate sales professionals are good listeners, attentive, and understand how to match people and properties. The exceptional advisor, like Nadine Fite, offers something more.

Clients who’ve worked with Nadine Fite recognize that she’s a different kind of luxury real estate specialist, in part because she shares common ground with so many of her clients. It’s her business expertise honed across decades working in strategy, marketing, technology and business development for global Fortune 50 companies, including Deloitte, Salomon Brothers and American Express. This unique background allows Nadine to deliver an unparalleled level of acumen and service that consistently exceeds client expectations.

Her approach is an asset for clients who are making significant investments in Florida properties or are leveraging what they already own. She serves as a fount of wisdom for transplants who are new to the particulars of the market, from tax advantages and implications to land use standards and construction codes, to ZIP codes, which aren’t as relevant as the people and amenities of the communities within a community.

Nadine left Wall Street to co-found The Fite Group Luxury Homes, where she served as CMO and COO. Under her direction, it became the #1 luxury real estate brokerage in Palm Beach and West Palm Beach, with over $10B in sales. After growing and selling The Fite Group to the ninth largest real estate company in the country, Nadine joined forces with ONE Sotheby’s.

Whether buying or selling, when you partner with Nadine Fite, you’re taking an important step in fulfilling your plans for you, your family and future generations.

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.