South Florida Real Estate Showcase August Issue 2022

SOUTH FLORIDA

AU G U S T 2 0 2 2

ROYAL PALM YACHT & COUNTRY CLUB IN BOCA RATON PRESENTED BY NICK MALINOSKY DOUGLAS ELLIMAN REAL ESTATE SEE PAGE 102

TH E P REMIER LUX URY R E A L E S TAT E A ND L I F E S TY L E M A G A Z I N E

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CHANGE IS IN THE AIR RED HOT SOUTH FLORIDA SHOWING SIGNS OF A RETURN TO A MORE BALANCED MARKET BY ALICE PHILLIPS

27 Star Island, Miami Presented by Tal & Oren Alexander of OFFICIAL

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MARKETWATCH

B

y all accounts, the South Florida real estate market is booming along. Prices are high, inventory is low, and the outlook remains largely bullish. Many real estate professionals don’t see that the upending of the equity markets, interest rate increases and runaway inflation are going to have that much of an impact on South Florida, as massive demand still outweighs any other issues.

But…. Florida real estate economist, Ken H. Johnson, PhD. posits a different theory – that South Florida homes are quite overvalued.

Associate Dean of Graduate Programs in the Finance Department of Florida Atlantic University (FAU) in Boca Raton, Dr. Johnson heads the FAU Real Estate Initiative, which serves as an open-source provider of critical and practical real estate knowledge and current information to enhance real estate decision making by evaluating such topics as affordable housing stock, commercial development, and international investment in properties. “We are definitely in probably one of the worst housing affordability situations that we’ve seen in Miami in the last 40 years,” said Johnson. “The Miami metro area is pricing out at roughly 30 percent above this long-term pricing trip. Rental markets in Miami are roughly 22 percent above their longterm premium. That makes this one of the most overpriced markets in the country.”

440 Northeast Mizner Boulevard Presented by Warren Heeg, Compass

521 E. Alexander Palm Rd, Boca Raton Presented by Nick Malinosky, Douglas Elliman

Johnson said the high prices don’t seem to be coming down any time soon.

“What looks more likely is that we’re going to go into a prolonged period of unaffordable housing,

either to own or rent, in the Miami metro,” he said. “There’s not an easy way out of this other than to build units and build them as quickly as we can. “I don’t think we’ll see a housing crash, but our reckoning from separating so far from prices and rents is that we’re going to have this long period of housing affordability,” Johnson said. “If we don’t get control of this situation as quickly as we can — and as well as we can — then that limits how well our economy can do,” Johnson said. “We might get to a point where it’s so unaffordable to live here, where are we going to find our firemen and our teachers?”

Warren Heeg, founding agent of the Compass office in Boca Raton, begs to differ. “Realistically, no teachers are buying properties on Palm Beach Island or Jupiter Island. But there are areas with comparably affordable workforce housing,” comments Heeg. “It’s important to note that Florida is nowhere near the price point of Southern California, there are still communities with pricing

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MARKETWATCH

1002 Seasage Drive, Delray Beach Presented by Jennifer Kilpatrick, Corcoran

in the $400,000 to $600,000 range. Of course, those properties were $300,000 three years ago. The appreciation has certainly been dramatic.”

Douglas Elliman Agent Nick Malinosky in Delray Beach sees affordability as a function of beach proximity. “It used to be doable to get value a mile from the beach. Now it’s difficult to find affordability a few miles from the beach,” states Malinosky. “If you really delve into South Florida real estate, it’s extremely difficult from an affordability perspective to get near the beach in boutique towns like Palm Beach, Manalapan, Gulf Stream and Delray Beach.”

The South Florida market remains, for the most part, status quo as lack of inventory still commands high prices and multiple bids.

However, Jennifer Kilpatrick, Sales Associate in the Delray Beach/Gulfstream office of Corcoran, comments that the market is beginning to show some sign of change. “We have gone from a whitehot market to a stabilization — meaning price

correction,” she relates. “The good news is that a thought process has come back to the market, with more listings and more balanced pricing, which is all very positive. And even with the price corrections, properties are still selling at prices higher than last year.” Kilpatrick also shares that showings are down, which she attributes a return to the cyclical Florida summertime loss of activity and well as a “knee jerk” reaction to the headlines.

Cristina Condon and Kevin Condon of the Palm Beach office of Sotheby’s International Realty agree. “The high intensity we saw post covid is moving towards a more balanced market allowing buyers and sellers to negotiate once again. Well priced properties are still flying off the market, but we are seeing overall an increase in the number of days. Even with uncertain economic conditions in the future, Palm Beach found a new baseline through the pandemic with the ability to work remotely. The privacy, security, and relaxing lifestyle Palm Beach offers

will continue to lure buyers to the area.”

Nick Malinosky of Douglas Elliman also agrees that the market is beginning to show some changes, albeit rather subtle. “The one thing that has changed from the past 2 years is that properties which are overpriced are not selling as quickly,” he remarks. “Summer in Florida and the stock market have given some buyers a breather, more time to think and look at things differently.

The upshot: if a property is overpriced, buyers will tend to wait; if priced correctly, that property will fly.”

Warren Heeg of Compass also predicts some market changes – specifically that the end of summer will bring more inventory to market.

“As summer ends in the Hamptons and the Cape, there’s likely to be more inventory as people return to Florida, put properties on the market in order to cash out and take the profit. There’s always going to be turnover, it’s just a matter of degree.”

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This condominium is being developed by TCH 500 Alton, LLC, a Delaware limited liability company (“Developer”). Any and all statements, disclosures and/or representations shall be deemed made by Developer you agree to look solely to Developer with respect to any and all matters relating to the marketing and/or development of the Condominium and with respect to the sales of units in the Condominium. Oral representations cannot be relied upon as correctly stating the representations of the developer. For correct representations, make reference to this brochure and to the documents required by section 718.503, Florida statutes, to be furnished by a developer to a buyer or lessee. These materials are not intended to be an offer to sell, or solicitation to buy a unit in the condominium. Such an offering shall only be made pursuant to the prospectus (offering circular) for the condominium and no statements should be relied upon unless made in the prospectus or in the applicable purchase agreement. In no event shall any solicitation, offer or sale of a unit in the condominium be made in, or to residents of, any state or country in which such activity would be unlawful. FOR NEW YORK RESIDENTS: THE COMPLETE OFFERING TERMS ARE IN A CPS-12 APPLICATION AVAILABLE FROM THE OFFEROR. FILE NO. CP21-0065. All images and designs depicted herein are artist’s conceptual renderings, which are based upon preliminary development plans, and are subject to change without notice in the manner provided in the offering documents. All such materials are not to scale and are shown solely for illustrative purposes. Renderings depict proposed views, which are not identical from each residence. No guarantees or representations whatsoever are made that existing or future views of the project and surrounding areas depicted by artist’s conceptual renderings or otherwise described herein, will be provided or, if provided, will be as depicted or described herein. Any view from a residence or from other portions of the property may in the future be limited or eliminated by future development or forces of nature and the developer in no manner guarantees the continuing existence of any view. Furnishings are only included if and to the extent provided in your purchase agreement. The project graphics, renderings and text provided herein are copyrighted works owned by the Developer. All rights reserved. WARNING: THE CALIFORNIA DEPARTMENT OF REAL ESTATE HAS NOT INSPECTED, EXAMINED, OR QUALIFIED THIS OFFERING.

m i a m i b e a c h l i f e at n e w h e i g h ts t w o -to - fo u r b e d r o o m r e s i d e n c e s w i t h b ay, o c e a n , a n d d o w n to w n v i e w s

S A L E S @ F I V E PA R K . C O M

M IAM I B E AC H FL 3 31 39

78 6 62 8 8 8 47

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bridge design dan i e l b u r e n

pa r k d e s i g n a r q u i t e cto n i c a g e o

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i n t e r i o r a r c h i t e ct u r e g a b e l l i n i s h e p pa r d

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e x c lu s i v e s a l e s b y d o u g l a s e l l i m a n d e v e l o p m e n t m a r k e t i n g

6 0 0 A LTO N R O A D

meet the visionaries

Introducing Miami Beach’s tallest residential tower. Expertly crafted by the world’s most visionary design minds, Five Park residences are designed to showcase stunning panoramic views — from sunrise to sunset, beach to bay, Miami and beyond.

Beach living is redefined by the city’s most luxurious private owner’s club featuring an array of bespoke amenities that bring five-star service to everyday life.

Interior Architecture by Gabellini Sheppard Watch the film: fivepark.com/film

j o i n u s at o u r n e w o n - s i t e s a l e s g a l l e r y

Meet the Team Selling South Florida Since 1990!

approx.

Looking to buy in South Palm Beach County?

The Randy & Nick Team offer a full-service real estate approach with the top priority being you, our client. Our dedicated team is composed of five industry specialists who work together and have successfully closed over $2.7 Billion*. As residents of Gulf Stream, Ocean Ridge and Delray Beach with over 30 years of experience and record setting sales in the beach area market, nobody knows the luxury market better! With over $372 million sold in the last 12 months*, we’ve stayed busy and would love to add you to our family of clients!

LEARN MORE

900 EAST ATLANTIC AVENUE, DELRAY BEACH, 33483. 561.278.5570. © 2022 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION,

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Trophy Estate Property | Delray Beach | $59,900,000

939 & 941 S OCEAN BOULEVARD APPROX. 200 TOTAL FEET DIRECT OCEANFRONTAGE

Exclusive Land Opportunity • The only oceanfront land development opportunity available in Delray Beach, featuring two lots and approx. 220ft total direct oceanfrontage.

• Incredible lot depth with approx. 700ft from road to ocean. High elevation with large, protective dune system • Web# RX-10755887

Nicholas Malinosky

Executive Director of Luxury Sales O 561.278.5570 M 561.306.4597 nick.malinosky@elliman.com

LEARN MORE

INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

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elliman.com *PER DOUGLAS ELLIMAN INTERNAL RECORDS.

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Luxury Waterfront Residence | Boca Raton | $16,500,000

521 E Alexander Palm Road | 5 BR, 6 BA, 2 HALF BA | Approx. 10,904sf • Located in coveted waterfront section of Royal Palm Yacht & Country Club • Custom built by SRD Building Corp • Turnkey opportunity offered fully furnished • High ceilings, impact windows and full of natural light

Nicholas Malinosky

Michael O’Connor

O 561.278.5570 M 561.306.4597 nick.malinosky@elliman.com

O 561.278.5570 M 561.414.1249 michael.oconnor@elliman.com

Executive Director of Luxury Sales

• Crestron smart home with vantage lighting • Resort-style yard, covered loggia, pool and summer kitchen • Approx. 100ft waterfrontage and private dock with boat lift • Web# RX-10806343

Realtor Associate

LEARN MORE

900 EAST ATLANTIC AVENUE, DELRAY BEACH, 33483. 561.278.5570. © 2022 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO

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Resort Style Living | Delray Beach | $7,750,000

1018 Bauhinia Road | 6 BR, 6 BA, 2 HALF BA | Approx. 8,757sf • Gated compound with manicured grounds • Main house, guest house and 3-car garage • Completely updated in 2015 • Private primary wing with expansive balcony

• Expansive covered loggia, summer kitchen and pool with spa • Just blocks from the beach and Atlantic Avenue • Web# RX-10790683

LEARN MORE

elliman.com SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

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New Construction Custom Residence | Village of Golf | $7,850,000

9 Country Road W | 5 BR, 5.5 BA | Approx. 7,487sf • New construction custom residence • Approx. 1.46 acres of land • Extraordinary outdoor space

• Four car air-conditioned garage • Located in the Village of Golf; gated community • Web# RX-10813222

Nicholas Malinosky

Michael O’Connor

O 561.278.5570 M 561.306.4597 nick.malinosky@elliman.com

O 561.278.5570 M 561.414.1249 michael.oconnor@elliman.com

Executive Director of Luxury Sales

Realtor Associate

LEARN MORE

900 EAST ATLANTIC AVENUE, DELRAY BEACH, 33483. 561.278.5570. © 2022 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO

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Our Notable Sales Randy & Nick Team Stats Ranked #6 Small Team by Sales Volume in Florida by

$500 Million+ Sold in 2021*

REALTrends America’s Best Real Estate Professionals

$9 Million Average Sales Price in 2021

Ranked #20 Small Team in the United States by

44 Oceanfront Sales in 2021

Sales Volume in 2022 REALTrends + Tom Ferry The Thousand

2021 Notable Sales by Town Town Manalapan Delray Beach Delray Beach Delray Beach Delray Beach Delray Beach Delray Beach Manalapan Gulf Stream Highland Beach Delray Beach Delray Beach Highland Beach Highland Beach Delray Beach Hillsboro Mile Ocean Ridge

Price $35,000,000 $34,950,000 $34,950,000 $24,500,000 $24,500,000 $23,500,000 $23,500,000 $22,950,000 $20,000,000 $20,000,000 $19,950,000 $19,950,000 $17,495,000 $17,495,000 $15,950,000 $12,500,000 $9,200,000

Nicholas Malinosky

Delray Beach

Manalapan

Executive Director of Luxury Sales

LEARN MORE

O 561.278.5570 M 561.306.4597 nick.malinosky@elliman.com

elliman.com

SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

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*BASED ON TOTAL SALES VOLUME BY THE RANDY & NICK TEAM IN 2021.

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THE HOTTEST HOTELS IN PALM BEACH

BY SKYE SHERMAN

The Colony Hotel

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ESCAPES

M

ake a Palm Beach address your own — at least for a spell. These hotels blend the island’s storied past with a new-and-now verve.

White Elephant Palm Beach From the island of Nantucket to the island of Palm Beach comes the White Elephant, a luxury boutique hotel set in a historic building in the center of town. The level of pretension is the same in both spots, but there’s one important distinction between the original location and its southerly sister: here, winter days average a balmy 80 degrees.

The Breakers

one of the hottest places to see and be seen on the island. With its signature pink facade, chintzy Florida-shaped pool, and unique take on laid-back luxe, it’s equally popular among the younger set and their grandparents.

The Brazilian Court Hotel Who can resist a boutique hotel that feels more like an exclusive enclave within a residential area of midtown Palm Beach? Not guests of The Brazilian Court Hotel, which is perhaps the most plush yet homey accommodation option available on the island. Marrying Spanish Colonial architecture, tropical courtyards, and 1920s-style glamor, this 80room pad is easy to make your home away from home.

of the in crowd — and worth the 30-minute drive south to Boca Raton. Fresh from a $200 million renovation that wrapped up this year, the hotel aims to usher in a new golden era of South Florida and has the rooms, dining destinations, and multifaceted resort experience to succeed.

White Elephant

The Breakers Some hotels are shining stars that burn brightly but eventually dim; The Breakers has a 125-year history as a grande dame of high society and the epitome of a luxurious resort stay. Nothing beats the hotel’s attentive service, fine dining, beautiful beach, and plentiful activities. For an even more exclusive experience, stay at the 25-room Flagler Club, a next-level hotel-within-a-hotel spanning two private floors inside The Breakers. There’s a chauffeured Tesla house car, private rooftop terrace, and snacks served all day long.

The Colony Hotel Long a magnet for the rich and rarefied — from Frank Sinatra to the Duke and Duchess of Windsor — The Colony Hotel remains

The Boca Raton Sure, The Boca Raton is off-island, but it’s nevertheless the of-the-moment destination

The Boca Raton

The Brazilian Court Hotel

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SHOWCASE SALES

151 Chilean Avenue Palm Beach

Sold Price: $21M Lisa and John Cregan of Sotheby’s International Realty Represented the Seller

3100 South Ocean Blvd.

PH 705N, Palm Beach Last Ask: $8,495,000 Christian Angle of Christian Angle Real Estate Represented the Seller

855 South Ocean Blvd.

Delray Beach

Last Ask: $34,950,000 Nicholas Malinosky of Douglas Elliman Represented Buyer and Seller

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245 Ridgeview Drive, Palm Beach Gorgeous 4BR/4.1BA West Indies home with library in the Near North End. Designed by Dailey Janssen Architects. 1st floor Primary Suite features dual closets and oversized bath with indoor/outdoor shower. Beautiful backyard with covered loggia, outdoor fireplace, built-in BBQ, and large pool with sunshelf. Gourmet eat-in chef’s kitchen opens to family room with vaulted ceiling. Fantastic butler’s pantry with wet bar and large wine fridge. Three upstairs guest suites, each with en-suite baths, walk-in closets, and balconies. Stunning hardwood and marble flooring throughout. | Exclusive Offering C 561.629.3015 T 561.659.6551 E cjangle@anglerealestate.com

www.AngleRealEstate.com

179 Bradley Place, Palm Beach, Florida 33480 Though information is assumed to be correct, offerings are subject to verification, errors, omissions, prior sale, and withdrawal without notice.

All material herein is intended for informational purposes only and has been compiled from sources deemed reliable. Equal Housing Opportunity.

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SHOWCASE SALES

901 North Ocean Blvd.

Palm Beach Last Ask: $115M Sold: $95.5M Dana Koch of Corcoran Represented the Seller

365 N County Road Palm Beach

Last Asking $24.9M Margit Brandt of Premier Estate Properties Represented Buyer and Seller

234 Rugby Road West Palm Beach

Sold Price: $2.350M Mae Ferguson Nicole Guari of Sotheby’s International Realty Represented the Buyer

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Ranked by sales volume by

Real Trends as published in The Wall Street Journal

3 # 6 # 12 $1 Billion #

PA L M B E A C H

FLORIDA

Our listings get more traffic than Main Beach in East Hampton on a Saturday afternoon.

EXPERIENCE THE DIFFERENCE

#THEKOCHEXPERIENCE

N AT I O N W I D E

OVER

SOLD IN 2020 - 2021

SCAN HERE TO PURCHASE THIS BERMUDA HOME Transform your vacation destination into your own slice of paradise. Owning a home in Palm Beach County has never been more valuable. Contact The Koch Team to navigate the market with the Island’s proven real estate leaders.

Follow us on Instagram,

@ KochTeam Totally Reimagined Bermuda – Oc tober 2022 Completion FEATURED LISTING (above): 4BR | 5.5BA | $14.995M | WEB# 14985

Paulette Koch Broker A ssociate m 561.34 6.8639 | paulet te.koch@corcoran.com #14 Nationwide by Wall Street Journal / RealTrends 2019

Dana Koch Sales A ssociate m 561.379.7718 | dana.koch@corcoran.com #12 Nationwide by Wall Street Journal / RealTrends 2022

Equal Housing Opportunity. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Corcoran makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice.

All dimensions provided are approximate. To obtain exact dimensions, Corcoran advises you to hire a qualified architect or engineer.

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Brought to you by Stamm Development are Two Luxurious Single-Family Homes, Pearl House & Onyx House with Ardenhaus directly next door in East Delray Beach.

the gems - just listed

one town-home remains 512 NE 7TH AVE N - $2.95M

508 NE 7TH AVE - $4.95M

JENNIFER KILPATRICK 561.573.2573

+ Team

Find your Florida Gem! Call Jennifer today to learn more about these Stamm Development opportunities before they sell-out!

jennifer.kilpatrick@corcoran.com All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice. This is not intended to solicit property already listed. Equal Housing Opportunity.

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THE BEST JUST GOT EVEN BETTER

IS NOW WITH THE CORCORAN GROUP I N PA L M B E A C H

Proven Performance FOR YOUR BUYING & SELLING SUCCESS

404M

$

SALES VOLUME IN 2021

#

26

$

A G E N T N AT I O N W I D E

BY SALES VOLUME

1.7B

CAREER SALES VOLUME

Darlene Streit, Broker Associate 561-531-2727 | darlene@darlenestreit.com | darlenestreit.com Rankings published by RealTrends + Tomm Ferry’s The Thousand 2022, as featured in the Wall Street Journal. All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice. This is not intended to solicit property already listed. Equal Housing Opportunity.

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S P E C I A L

P R O M O T I O N A L

F E A T U R E

MEET THE BROKER A DAY WITH MARGIT BRANDT OF PREMIER ESTATE PROPERTIES cash buyers in our transactions. What is driving growth in South Florida is a strong flow of net migration into the area from folks who are now working remote, who may be re-evaluating their lifestyles, or who may have been unsatisfied with the cost-benefit analysis in other states when it comes to the quality of life they are getting vs. the tax rates being paid. The quality of life in South Florida has been noticeably on the rise over the past few years, and this combined with our favorable tax climate and 9+ months of the year with desirable weather, has transformed what were once vacation resorts into full-time communities hosting highquality schools, Class A office space, stateof-the-art medicine and top-of-the-line First Response. I have also heard a lot of feedback from clients that they love South Florida’s proximity to Miami, The Keys, and the Bahamas - all world class global destinations.

As a leading luxury real estate broker, what do you love about this industry?

What I love most about the industry is really the ability to help people. Across many different job functions and professional “purposes” in this world, to me there is nothing more gratifying, exciting, and rewarding than helping people find their dream home and helping guide them to that foundation in their lives. With so much uncertainty and change, people are finding increased “shelter from the storm” and oasis in their homes, and my belief is that there has never been a better time in history to be in the real estate brokerage industry.

Your current thoughts on the South Florida real estate market over the next few months?

Clearly, it goes without saying that some of the macroeconomic and global headwinds are slowing down growth, increasing buyer’s appetite to be more aggressive on offers, and having some sellers second guessing their home’s pricing to make it more realistic for the market. Palm Beach Island is somewhat unique in that it’s most often

What are the top reasons to invest in South Florida real estate?

Supply and demand fundamentals and getting in early over a long-term horizon.

What kind of clients could benefit from your services?

Most of our clients are either monetizing their properties in the Palm Beach area or relocating here to open up offices and enroll their kids in school. Some of our clients are also retired adults and empty nesters looking for that perfect winter getaway, without having to leave the country. I myself am from New York City originally, having moved to Palm Beach with my family about 6 years ago, so I’m well suited to help people with the adjustment and not just land the right buy or sell price, but also be a full-service concierge to buyers when it comes to locating valuable local resources to those looking to migrate many of their experiences and services to the area. We also are a desirable one-stop-shop for any families considering both Palm Beach Island and coastal West Palm Beach (SoSo, El Cid, Northwood), because our portfolio

of activity consistently features deal flow on both sides of the bridge.

How has the needs and desires of home buyers changed over the past two years?

Due to the work from home trend, people really want larger homes with private offices and substantial yard space for their pool.

People also want to “live outside”, so covered (roof) al fresco dining and entertainment is a must.

What are some big market trends you are currently seeing in South Florida?

Luxury markets all over the country Hamptons, Nantucket, Aspen, and Palm Beach, have all benefited from a fundamental shift in perspective around how people with substantial assets want to live their lives and spend their time. This kind of movement and open-mindedness has totally changed the real estate market for ultra-luxury locations, and South Florida is seeing a large influx of residents without even a slight exodus of residents - which creates the uniquely strong fundamentals which we’ve enjoyed for the past two years.

Is this a good time to sell a home?

Summer is a great time to figure out if you want to sell and prepare the appropriate listing agreement and marketing strategy with your broker so that you can launch in the Fall/Winter something that is very appealing to the market.

What are the top 3 requests from luxury home buyers when looking for a new home in your area?

Five plus bedrooms, large pool, 0ffice, beach and bike path access.

Margit Brandt, Luxury Estate Advisor margit@premierestateproperties.com 561.545.7386

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PA L M B E A C H

Exclus ive Listing

Exclusive Rent al

North End BUILDING OPPORTUNITY

Iconic OCEANFRONT ESTATE

$10.9 Million Lot + ARCOM Approved Plans

$208,000 Per Month Annual Lease

210 Palmo Way, Palm Beach, Florida Sold Q1 2022

1125 S Ocean Boulevard, Palm Beach, Florida

Info: www.PB211669.com

So ld Q 1 20 22

7 OCEAN LANE, PALM BEACH, FL

$39 Million LAST ASKING PRICE Represented The Transaction For Seller

So l d M ay 20 22

365 N COUNTY RD, PALM BEACH, FL

$24.9 Million LAST ASKING PRICE Represented The Transaction For Seller

Sold Q1 2022

Info: www.PB22767.com

219 BRAZILIAN AVE, PALM BEACH, FL

$19.5 Million LAST ASKING PRICE Represented The Transaction For Buyer

So ld M ay 202 2

200 REGENTS PARK RD, PALM BEACH, FL

$14.85 Million LAST ASKING PRICE Represented The Transaction For Buyer

268 JAMAICA LANE, PALM BEACH, FL

$14.5 Million

LAST ASKING PRICE

Represented The Transaction For Seller

$300+ Million

$195 Million

49%

$11+ Million

Sold/Pending April 2021 - June 2022

Sold/Pending January 2022 - June 2022

Off-Market

Average Transaction Size

All Information Provided as of June 30, 2022

Premier Estate Properties Presenting Properties Exclusively In Excess Of One Million Dollars TM

Margit Brandt Luxury Estate Advisor

561.545.7386

margitbrandt.info margit@premierestateproperties.com

125 Worth Avenue, Palm Beach, Florida Over the course of my career listing and selling real estate in Palm Beach, I have been affiliated with different firms, most recently as an Associate with Premier Estate Properties/Christie’s Palm Beach. These pending and sold properties represent my efforts while with previous firms.

DISCLAIMER: The written information provided has been obtained and conveyed from third parties such as the applicable Multiple Listing Service, public records as well as other sources. All written and verbal information including that produced by the Sellers or Premier Estate Properties are subject to errors, omissions or changes without notice and purchaser shall perform their own due diligence. Copyright 2022 Premier Estate Properties Inc. All Rights Reserved.

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Ferguson Guari PALM BEACH NOTABLE SALES

284 MONTEREY ROAD - SOLD

217 ALMERIA ROAD - SOLD

220 ARGYLE ROAD - SOLD

3020 VINCENT ROAD - PENDING

234 RUGBY ROAD - SOLD

3504 S. OLIVE AVENUE - PENDING

284 Monterey Road 281 List Road 3020 Vincent Road* 231 Argyle Road 234 Rugby Road 220 Argyle Road 3504 S. Olive Avenue* 319 Buckingham Road 225 Croton Avenue 228 Greenwood Drive 217 Almeria Road 333 Marlborough Road 3500 S. Dixie Hwy 224 Greenwood Drive 221 Argyle Road

$4,200,000 $4,125,000 $2,995,000 $2,500,000 $2,350,000 $2,250,000 $2,250,000 $2,200,000 $2,120,000 $2,000,000 $1,850,000 $1,800,000 $1,750,000 $1,703,000 $1,450,000

Represented Seller Represented Buyer Represented Buyer Represented Seller / Buyer Represented Buyer Represented Seller Represented Buyer Represented Buyer Represented Seller Represented Seller / Buyer Represented Seller Represented Seller / Buyer Represented Buyer Represented Seller Represented Seller / Buyer

MAE FERGUSON Senior Global Real Estate Advisor Mae.Ferguson@sothebys.realty 561.329.0352 NICOLE GUARI Senior Global Real Estate Advisor Nicole.Guari@sothebys.realty 561.801.0821

240 Almeria Road 1701 S. Flagler Drive 221 Greenwood Drive 3215 Alton Road 422 N. Lakeside Drive 5 Lakeside Palms Court 335 Palmetto Road* 1615 N Lakeside Drive 833 Avon Road 339 Palmetto Road* 1115 Gator Road 1900 Consulate Place 442 38th Street 431 47th Street 217 Almeria Road

Mae Ferguson & Nicole Guari provide insightful local knowledge and extensive expertise of the Palm Beaches. Their dedication to the highest-quality service combined with Sotheby’s International Realty’s one of a kind global brand, will help you navigate through the Palm Beaches Real Estate Market.

Ferguson-Guari.com

© 2022 Sotheby’s International Realty. All Rights Reserved. The Sotheby’s International Realty trademark is licensed and used with permission. Each Sotheby’s International Realty office is independently owned and operated, except those operated by Sotheby’s International Realty, Inc. The Sotheby’s International Realty network fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. All offerings are subject to errors, omissions, changes including price or withdrawal without notice.

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$1,350,000 Represented Seller / Buyer $1,275,000 Represented Seller $1,238,000 Represented Seller / Buyer $1,050,000 Represented Seller / Buyer $900,000 Represented Buyer $875,000 Represented Buyer $840,000 Represented Buyer $820,000 Represented Buyer $789,000 Represented Buyer $740,000 Represented Seller / Buyer $475,000 Represented Buyer $370,000 Represented Buyer $349,000 Represented Seller $270,000 Represented Buyer $120,000 Represented Buyer * Pending Sale

NOTHING COMPARES

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Cristina Condon & Kevin Condon Where Will You Be This Winter... Why Not Palm Beach

143 EAST INLET Exclusive direct ocean front in the north end. Price Upon Request

110 CLARKE AVENUE The most desirable street in the center of town, walking distance to all Palm Beach has to offer. Price Upon Request

A GLOBAL FORCE WORKING FOR YOU TO FIND THE PERFECT PALM BEACH HOME. CONTACT US TODAY

KEVIN CONDON Senior Global Real Estate Advisor/Broker Associate kevin.condon@sothebys.realty 646.457.8919

CRISTINA CONDON Senior Global Real Estate Advisor cristina.condon@sothebys.realty 561.301.2211 | cristinacondon.com

P A L M B E A C H B R O K E R A G E | 3 4 0 R O Y A L P O I N C I A N A W A Y , P A L M B E A C H , F L 3 3 4 8 0 | 5 6 1 . 6 5 9 . 3 5 5 5 | SOTH EBY SREALTY .COM

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The Cregan Team NEW PALM BEACH LISTINGS

2305 SOUTH FLAGLER DRIVE Heaven on the El Cid waterfront. Impeccable 2020 new construction with exquisite attention to detail, every modern luxury and unimpeded water views from 1st and 2nd floors. On an almost 19,000 foot corner lot-beautifully landscaped by Nievera Williams-the house is an elegant contemporary take on classic Palm Beach architecture. $26,900,000 | ELCIDWATERFRONT.COM

160 SUNSET AVENUE This elegant 5,000 sqft townhouse lives like a spacious seaside villa- one that’s literally steps to the beach! The ocean block of Sunset is a dead end street that terminates at the beach gate. With over 4,500 sq.ft. of living area, an elevator, 4 bedrooms, multiple office spaces and a two car garage $14,250,000 | 160SUNSETTOWNHOUSE.COM

LISA & JOHN CREGAN

Senior Global Real Estate Advisors 561.513.6358 john.cregan@sothebys.realty 847.910.1303 lisa.cregan@ sothebys.realty TheCreganTeam.com © 2022 Sotheby’s International Realty. All Rights Reserved. The Sotheby’s International Realty trademark is licensed and used with permission. Each Sotheby’s International Realty office is independently owned and operated, except those operated by Sotheby’s International Realty, Inc. The Sotheby’s International Realty network fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. All offerings are subject to errors, omissions, changes including price or withdrawal without notice.

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The Cregan Team

Ranked #1 in Palm Beach Ranked #10 Nationally at Sotheby’s International Realty NOTHING COMPARES

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PRESENTED BY

Todd and Frances Peter

Palm Beach Properties

Rare Direct Intracoastal Property

Renovated North End

PRICE UPON REQUEST | 305INDIAN.COM

$12,500,000 | 1435NORTHOCEAN.COM

North End Five Bedroom

Oversized Waterfront Ibis Isle

$9,750,000 | 270COLONIALLANE.COM

$3,995,000 | 2160IBIS5.COM

TODD AND FRANCES PETER Senior Global Real Estate Advisor 561.281.0031 | todd.peter@sothebys.realty francesandtodd.com P A L M B E A C H B R O K E R A G E | 3 4 0 R O Y A L P O I N C I A N A W A Y , P A L M B E A C H , F L 3 3 4 8 0 | 5 6 1 . 6 5 9 . 3 5 5 5 | SOTHEBYSREALTY.COM

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Boca Raton - Highland Beach - Delray Beach - Palm Beach - Fort Lauderdale - Miami

DAVID B. HALL

Broker Associate - Realtor® MBA, ABR®, CLHMS™, PSA, RENE, RSPS, SRS C: 516.508.6050 E: David@HallLuxuryHomes.com

SONIA HALL

Sales Associate - Realtor® C: 516.526.1090 E: Sonia@HallLuxuryHomes.com

HallLuxuryHomes.com Hall Luxury Homes Group is a real estate team affiliated with United Real Estate Fort Lauderdale. United Real Estate Fort Lauderdale LLC D/B/A Charles Rutenberg Realty Fort Lauderdale is a licensed real estate broker.

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