BY ALICE PHILLIPS
The second quarter of 2023 has come and gone in a flash; still the South Florida marketplace continues to see a surge in domestic and international wealth migration, as homebuyers from high-tax, high-density states relocate and purchase prime properties of $1 million and up. The region’s real estate market is unique due to the significant number of cash transactions and the high rate of migration. The housing market in South Florida, particularly in Miami-Dade County, continues to show robust growth and resilience, outperforming prepandemic levels. According to the April 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) systems, the market is leading the nation in real estate appreciation.
For a more in-depth understanding of the strength of the South Florida markets (both macro markets and local micro markets), Hamptons Real Estate Showcase turned to a number of industry professionals for some insight on the following questions:
HRES: What’s in store for the balance of the 2023 market in South Florida?
Candice Friis, located in the Delray Beach office
of Corcoran, believes that the outlook for the balance of 2023 appears promising. “With prices continuing to surge, strong employment numbers, and easing inflation concerns, the worries of a recession seem to be subsiding,” shares Ms. Friis. “The market’s strength can also be attributed to other factors, including the region’s attractive lifestyle, favorable tax environment, and sustained demand from luxury buyers.”
Kevin Condon, with Sotheby’s International Realty, speaks to the issue as it relates specifically to the Palm Beach area. “The market in South Florida especially for Palm Beach will continue to remain strong throughout 2023 and into 2024. While sales volume and number of transactions have declined compared to this time last year, property values are still remaining high due to limited inventory. The wealth migrating out of California and New York continues to bring buyers relocating their families and businesses to our area. While these trends continue, property values will remain strong.”
Also weighing in on the strength of the Palm Beach micro market, John Cregan of Sotheby’s Cregan Team agrees that housing demand in the Palm Beach area market is always driven by out of state buyers. “Many are vacation home buyers,”
Mr. Cregan explains, “but for the more expensive properties and single family homes, our buyers are typically refugees from high-tax/cold weather states taking up permanent residence….That provides a floor under Florida prices and we think sales activity will pick up again once our buyers tie up their summer travels.”
The Perigon is a new beachfront development of luxury condos in Miami Beach. Philip Freedman, director of sales for The Perigon, concurs that the South Florida marketplace – particularly Miami Beach – will continue on an its current upward trajectory. “More and more, buyers and investors alike continue to be bullish and are contributing to South Florida’s success as more companies expand into the market and fuel its growth.”
Specifically, Mr. Freedman speaks to the success of his development project. “The Perigon has seen tremendous success with sales, year to date, with strong activity from domestic buyers in the first half of the year. Typically, activity slows down in the summer season, but our project has been performing well which is a true testament to the valuable long-term investment this offering represents to our buyers.”
continued on page 108
HRES: What about supply? There has been a reported lack of supply for at least the last 6-8 quarters. Do you see the lack of supply as one of the factors propping up the strong South Florida market?
John Cregan leads off, stating that while housing supply remains historically low, the market has seen a bit of an increase since the pandemic. “We’ve had a pretty good bounce-back from our supply lows. Condos and single-family home listings are roughly double the numbers of late 2021/early 2022 listings, though still only about half the normal pre-Covid supply.”
“Yes, our supply still remains well below prepandemic inventory levels,” confirms Kevin Condon. “The last two quarters we have seen inventory increasing giving buyers in the market
more options to consider but the lack of supply is definitely one variable keeping prices up.”
And what’s changing for the better because of the increase in supply? Negotiability. “We are seeing some negotiability off the asking price and more favorable terms written in the contract. The balance of power has equaled out between buyers and sellers,” shares Condon.
However, the Cregan Team adds a proviso: “We’d also note supply is not evenly distributed. We had a busy season of sales in Palm Beach’s better condo buildings. And superhigh-end waterfront houses sold easily, no matter the price. Where there’s very good availability is in the middle of the marketthe nice family home in a good neighborhood. That holds true everywhere from Palm Beach’s North
“Whether it’s new construction or renovations, demand for South Florida property is stronger than it’s ever been,” states Jon Paul Perez, the President of Related Group, which is based in Miami and is Florida’s largest developer and one of the country’s largest Hispanic-owned businesses. “There are locals who are opting to sell their Miami home in order to upgrade to a bigger residence or enter a new neighborhood. We’re also seeing out-oftowners come and purchase a residence they plan to grow into. No matter how you look at it, supply is tight and competition for existing listings and pre-construction units is high.
“To put it into perspective, at Related, we have more than 10 active condo projects selling right now including The Residences, Six Fisher Island; Baccarat, Brickell; Casa Bella, Downtown Miami, NoMad Residences, Wynwood; Rivage, Bal Harbour; Rosewood, Hillsboro Beach, with more set to launch later this year. Despite competing with existing inventory, Baccarat Residences Miami is approaching sell-out with other developments like Casa Bella and NoMad Residences close behind. Beyond focusing on high-end condos, Related has also made strides in the market by building best-inclass luxury rentals that have redefined markets. We capitalized on the growing demand for high-quality rentals because of a lack of supply for a sophisticated group of customers who wanted the exclusivity of a luxury condo with the flexibility and convenience of an apartment. Our formula was simple: provide
End, to SoSo and El Cid in West Palm, to Jupiter Island and Hobe Sound.”
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. This is not intended to be an offer to sell, or solicitation to buy, condominium units to residents of any jurisdiction where prohibited by law, and your eligibility for purchase will depend upon your state of residency. All images and designs depicted herein are artists’ 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. This project is being developed by N Flagler Drive Developer, LLC, a Delaware limited liability company, which was formed solely for such purpose. Olara is sponsored by a Savanna affiliate. Savanna is a proven owner, operator, developer and institutional fund manager with a 30-year track record, it has invested in and developed over 17 million square feet of real estate. Other affiliated parties include the Mactaggart Family Partnership, which has invested in and developed premier real estate projects in the United States and England for over 100 years, as well as Haymes Investment Company and Brandon Rinker. Haymes and Rinker assisted in the acquisition of six of the eight parcels within the assemblage that became the Olara development site and served as development consultants as the site was assembled and the development vision was finalized. The principals of Haymes Investment Company have owned, operated and developed millions of square feet of commercial, residential and retail real estate in New York, Florida, and around the United States. Brandon Rinker has assembled some of the premier sites in the Palm Beaches. Brandon is now a principal at Savanna. This Condominium has been registered with the Massachusetts Board of Registration of Real Estate Brokers and Salespersons F-1277-01-01.
COMPLETE
a high-end residential experience while providing a five-star amenity package customers didn’t know was possible. Calling this new demographic ‘renters by choice,’ we seek to attract those who can afford to buy, but prefer to rent. A perfect example is Icon Marina Village, our newest elevated rental property in West Palm Beach boasting designs by Arquitectonica and interiors from V Starr, founded by tennis superstar Venus Williams.”
HRES: What about renovations? Are homeowners sitting tight and renovating in lieu of participating in the marketplace?
Candace Friis gets granular on the question of renovation/upgrade vs. purchase/sale. “Initially, property owners were hesitant to undertake renovations due to supply chain issues during the pandemic. However, the current trend is reversing as the supply chain improves. With the alleviation of supply constraints, renovating has become a viable and attractive option for homeowners looking to upgrade their existing properties and create personalized living spaces. Additionally, with higher interest and persistently low inventory renovating is a viable alternative for some while others will wait for the right property and scoop it up immediately when it hits the market regardless of interest rates as they just don’t want the hassle of renovating.”
“It depends on the scope of work that is required and the seller’s primary goal,” reports Kevin Condon. “While the supply chain is improving for taking on projects, buyers today are also looking for immediate satisfaction. As buyers are becoming more selective, sellers will take on certain projects that are quick and cost effective in order to bring their home to market in the best possible condition. Because the demand is so high and inventory is so low, it has caused some homeowners to remain in place and make those upgrades needed on their home.”
John Cregan speaks to this question as it relates to the Palm Beach micromarket. The materials, contractor and subcontractor bottleneck seems to be easing. There’s still high demand but availability is improving. We don’t often see homeowners here renovate to fill a need – instead they tend to trade up and there were a lot of Palm Beacher to Palm Beacher swaps this season….More often, renovations
get taken on by new buyers or speculators looking to fix and flip. We’ve also seen owners of older homes choose to sell ‘as is’ and move to the fabulous new luxury condos on the West Palm Beach waterfront like La Clara and The Bristol.”
HRES: Can the strength of the South Florida real estate market be tied to all of South Florida as a whole? Or just certain micro markets? If so, which micro markets are supporting the balance of the market in general?
South Florida is nuanced, and the market can’t be generalized to the entire region,” answers Philip Freedman. “Coastal Florida, like The Perigon’s perfectly positioned location between the sands of Miami Beach and expansive Biscayne Bay with views of the Miami skyline, is the strongest market of them all, and where prices have remained consistent or increased. Both the east and west coasts continue to see greater demand in the luxury market because of the limited oceanfront property available. As a result, we’ve seen an overall increase in price coupled with an increase in transactions.”
Candace Friis concurs. “Absolutely, the strength of the South Florida real estate market can indeed be attributed to a combination of both the region as a whole and certain micro markets within it. South Florida is a diverse area with distinct neighborhoods offering unique dynamics, architectural styles, amenities, and water access. These differences
contribute to the creation of various small micro markets, each catering to different preferences and lifestyles. From bustling urban areas to serene waterfront communities, South Florida has something for everyone, making it an attractive destination for a wide range of buyers. The beauty of the real estate market lies in its ability to accommodate diverse needs, allowing individuals to find their perfect home in the micro market that resonates with their lifestyle and desires.”
Jon Paul Perez is very bullish. “South Florida has firmly established itself as one of the most desirable real estate markets in the nation, and its popularity shows no signs of waning, even as other regions experience a cooling off. The secret to its allure lies in several key factors driving its appeal. Firstly, the region’s irresistible tax benefits make it a top pick for both buyers and investors, creating a win-win situation for all. Additionally, the stable economy, fueled by continuous job growth, further bolsters its appeal as a prime real estate market in the nation.
Beyond financial perks, South Florida offers an enchanting lifestyle with its world-class beaches, vibrant cultural scenes and a dining scene that’s second to none. Outdoor enthusiasts are spoiled for choice with an abundance of activities, making it a dream destination for those seeking luxury and enrichment.”
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
beach living completely redefined
One- to four-bedroom residences
Starting at $1.5 Million
Introducing Miami Beach’s most significant project in decades. Expertly crafted by the world’s most visionary design minds, Five Park represents the intersection of function, beauty, and sustainability. The sleek tower offers a host of unprecedented amenities with in-house wellness and a private beach club bringing five-star service to everyday life.
NOW UNDER CONSTRUCTION. MOVE IN 2024.
Hamptons Real Estate Showcase spoke with The Koch Team from Corcoran’s Palm Beach office to find out more about the beautiful Mediterranean estate that they’re currently featuring on this issue’s South Florida Real Estate Showcase cover. This spectacular home is located in the heart of Palm Beach within close proximity to the ocean and is perfect for entertaining.
Can you tell us about some of the outstanding features of this property and what makes this home so appealing?
120 Clarendon Avenue is a spectacular Mediterranean home located in a prime area, the Estate Section, and is close to Worth Avenue where there is great shopping with high-end boutiques and amazing restaurants. The house comes with deeded beach access and is just under 13,000 square feet and sits on 3/4 of an acre, which is considered a large lot in Palm Beach.
What type of buyer do you see for this beautiful home?
The buyer for this home could be a young, growing family or someone looking for a family compound. The house has 8 bedrooms including a 2-bedroom guest house and plenty of outdoor space for entertaining and for the kids/grandkids to run around.
Would you say that this property is a good investment for today’s market?
It’s a wonderful investment at this price point where there are very few quality properties available, especially in the Estate Section. The home is priced at $2,828/foot which is a good value for Palm Beach and will allow a new owner to put their personal stamp on the property.
Anything else about this property that you would like our readers to know?
The home has a modern floorplan with an open
kitchen/family room area, library/office, VIP downstairs guest suite, and comes with many bells and whistles including a chef’s kitchen, 4 car garage (a rarity), a Savant system, outdoor kitchen, elevator, full house generator, and hurricane impact windows/doors. It’s a must see!
Artist’s Conceptual Rendering
THE WELL Bay Harbor Islands is more than a high-end home. It’s 400,000 square feet of spaces and services surrounded by tranquil beauty to help you live a healthier, balanced everyday—It’s fresh-pressed juice at your doorstep, a weekly massage in your living room, yoga on the terrace, workouts in your private gym, a breakthrough session with your nutritionist, restored sleep, new meditation practices, fitness in body, mind and spirit—your home for personal wellness.
Residences from $1.5 M
EXCLUSIVE SALES BY DOUGLAS ELLIMAN DEVELOPMENT MARKETING
THE WELL GALLERY NOW OPEN 1160 Kane Concourse, Bay Harbor Islands, FL THEWELLBayHarbor.com 305 423 1846
This project is being developed by 1177 Bay Harbor Islands LLC, a Delaware limited liability company (“Developer”), which has a limited right to use the trademarked names and logos of Terra and THE WELL. Any and all statements, disclosures and/or representations shall be deemed made by Developer and not by Terra or THE WELL, and you agree to look solely to Developer (and not to Terra, THE WELL or any of their affiliates) with respect to any and all matters relating to the marketing and/or development of the project. The Terra and THE WELL groups of companies are each comprised of several separate companies that are legally distinct. Reference to Terra and THE WELL is merely for convenience and should not be relied upon for any other purposes. 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. 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.
Margit Brandt is a rising star in the luxury real estate industry. Since 2020, Margit has taken the Palm Beach Island real estate market by storm, notching impressive rankings amongst the Top Agents in America on The Real Trends & WSJ ’s “The Thousand”: #5 in Palm Beach, #15 in the State of Florida, and #66 in the Nation. At just 35 years of age and having closed sales of over $400M since the Spring of 2021, Margit is one of the only females in America under the age of 40 who is a Top 100 real estate agent nationwide, and the only real estate advisor under 40 in Palm Beach who is in the Top 5 local producers. And, aside from larger teams at the firm, Margit’s placement on the 2023 Real Trends list also etched her into the #1 individual spot at Premier
Estate Properties, the high-end boutique firm on Worth Avenue exclusively affiliated with Christie’s International Real Estate. Her Margit Brandt Palm Beach brand is now celebrating its 6th anniversary on Palm Beach Island.
How have you been enjoying your time in the Hamptons this summer? Please tell us what you like most about spending time here.
We’re situated just outside of Sag Harbor and have loved being close enough to some of our favorite restaurants and the boat in the marina, while also having proximity to friends, the town, and the beaches in East Hampton. Going out on the water around Haven’s Beach, North Haven, Major’s Cove/Harbor, West Neck cove,
and all over Shelter Island is a favorite, as are day trips to Montauk to grab lunch at Duryea’s or to Bridgehampton for a glass of wine at Wölffer. We love visiting all of the farm stands, especially the ones in Sagaponack, Balsam, Amber Waves, and Round Swamp. Another favorite destination of ours are the Khalily (formerly Campbell) Stables in Bridgehampton!
The South Florida real estate market has been on a hot streak for a while, how is the inventory? Any listings you have right now that you want our readers to know about? Inventory is fine overall as long as you can truly access the off-market, not just through our own direct clients but also through positive and collaborative relationships within the brokerage community. For almost all of our clients right now, we can show them up to 5+ strategic options for most criteria sets, which is enough to give people a strong grouping of choices without being overwhelmed with information, which can lead to indecision and soften a market if the perception is that it’s “too available”.
Since 2021, we have transacted over 33% of our properties in the off-market and this is a testament not just to productive communication with our colleagues, but also our own internal portfolio and rolodex. Almost all of our portfolio at this time of year is private and off-market, since we’re still in the Palm Beach off-season for a few more weeks. We don’t like putting properties on the market when Buyers aren’t in town to view them in person.
Our two publicly listed MLS properties include a waterfront mansion at 1125 S Ocean Blvd on Billionaire’s Row - in the Estate Section of Palm Beach Island. It’s a rare opportunity to have an annual oceanfront lease in one of the most upscale parts of town for $2.34M per year or $195,000 per month. The house comes with complimentary access to the adjacent beach club, 10,000 square feet of living space, a 20,000
square foot lot with private enclosed pet fence, a seaside pool directly on the sand, and 8BRs/8.5BAs. In previous years, this property has scored the largest lease in Palm Beach. For those seeking to buy and looking for a mansion in the sky, we have an 8th floor unit at coveted One Watermark Place, asking $8.999M. It offers great views of Palm Beach Island, the ocean, and the Intracoastal, plus an unbeatable location just steps to everything — while also boasting air-tight security.
But these two listings probably represent only 20% of our exclusive inventory right now, so it’s best to connect directly to fully review the options.
What type of Properties in the Palm Beach area are in high demand, at the moment?
The two types of properties that are really standing out to my clientele are either a) big economic opportunities where there is a runway to renovate or build new, take advantage of broader fiscal headwinds on the buy-side, and create longterm equity, and b) extremely large and turn-key properties priced above $20M, often houses 7,000+ square feet with 6BRs+, multiple structures (pool or guest house), sometimes gated, and 15,000-20,000+ square foot lots. In other words, we either have local investors who want a “deal” and are willing to put in the work (time, money, headache) to add strategic value, or we have relocating families who want something that checks all of their boxes immediately without having to lift a finger. So there are a lot of professional real estate investors in the market and a lot of buyers seeking instant gratification; in fact the marriage of those two groups has been a big part of how Palm Beach went from a $1BN per year to $4BN per year market over the past 5 years.
Many of our clients are readjusting their lifestyles, moving their corporate offices and kids schools to South Florida for residency benefits, while also keeping secondary homes in Aspen, the Hamptons, Greenwich, or Nantucket. For many of the constituents in this group of people, the interest in moving to Palm Beach is strong as long as they can find a big enough property, with enough bedrooms for the whole family, often detached guest houses, and enough lot size where they don’t feel like they are downgrading too much in size from other markets where land is much cheaper.
Some of the markets our Buyers are matriculating from have an average PPSF between $500-$1,500 PPSF, so people have to find opportunities in Palm Beach that are comfortable enough for it to make sense – especially in a market that is often $2,500-
$3,500 PPSF and up. To accommodate this, many of our Buyers are consolidating assets in other locations to achieve the Palm Beach outcome they want. This makes sense especially if you’ve decided to spend 8-9 months a year in Palm Beach, if your office and kids are both in West Palm Beach now, and when you factor in the tax savings over a 5+ year horizon.
Any wisdom you can give someone who is looking to relocate to the Palm Beach area? You want to be selling when everyone else is buying and buying when everyone else is selling. In that regard, especially compared to the past two years, this is a relatively favorable market to be a Buyer in Palm Beach because there are a lot more opportunities to be aggressive with your offers — as long as you can close quickly and with no contingencies.
There are a lot more win-win scenarios out there where Buyers and Sellers can meet in a very reasonable place as opposed to 2021-2022 where it was “my way or the highway” for Sellers. Showing traffic is down, offer frequency is down, and sales volume is down (by over 50%), so the bidding wars are over and this is a much more normal market where both sides can find something to be happy about in most deals.
Even with sales volume being down year over year (market could be a $3BN market in 2023 versus a $4BN market during 2021-2022), we still see prices remaining very stable and in most cases actually trickling up. For example, the market was hitting a $3,000 PPSF during COVID and many thought
it would stabilize around there, but over the past few months we’ve actually seen average pricing go up to $3,300 PPSF, a 10% increase, as it pertains to new products and renovated inventory. In fact, some deals have clocked in at $3,500-$4,500 PPSF non-waterfront
It’s also important to remember that Palm Beach is a seasonal market. So, if you’re sitting in the Hamptons and reading this in August or September, the time to strike on a Palm Beach purchase is before the Holidays at the end of the year.
Generally speaking, Palm Beach is maxed out on population in January-April and that just means that when you go look at a house, chances are 5 other families looked at it that same week as well — so we tend to encourage people to be aggressive over the Summer and in Q4. On the other hand, a lot of inventory often pops onto MLS in Q1, so you may encounter new options at that time - even if it means you’re going to get less of a “deal” on them.
We love Le Bilboquet, which is a place we can also go year-round considering the great Sag Harbor location on the Long Wharf. We also like Imoto, Pizza Al Fresco with the kids, Cafe L’ Europe, Sant Ambroeus for coffee (also love the East Hampton location), and the Colony Cafe for smoothies.
Margit Brandt,
Senior Luxury Real Estate AdvisorPremier Estate Properties | Christie’s International m: 561.545.7386 | @margitbrandtpalmbeach
margit@margitbrandtpalmbeach.com
Located in Palm Beach’s acclaimed Estate Section, this spectacular oceanfront estate is situated on a fantastic .89 acre +/- lot with approximately 200 feet of ocean frontage. This elegant Neoclassical estate features 6 bedrooms, 7 full bathrooms, and 4 powder rooms, 13,000+/- total square feet, and lots of natural light throughout. High elevation with beautiful sweeping views from nearly all primary rooms. Gorgeous outdoor spaces with covered oceanfront loggia, large pool with poolside cabana, and beautiful, lush landscaping.
Expansive Primary Suite with oceanfront balcony, office, morning bar, dual bathrooms, and large walk-in closets.
Exclusive Offering | Christian J. Angle 561-629-3015
www.AngleRealEstate.com
BY SKYE SHERMAN
As you transition wardrobes and prepare for season, shop these Palm Beach boutiques for frocks that will have you feeling like the cream of the crop.
LILLY PULITZER
No clothing line captures the spirit of Palm Beach quite like the home-grown brand of Lilly Pulitzer. This Worth Avenue flagship store has all the printed resort wear and beachwear the modern woman could want in a delightful setting complete with palm-shaded courtyard, vintage memorabilia, and even a shell fountain. If you’ve got plenty of ladies’ luncheons on your calendar this season, design your own shift dress in-store for the ultimate conversation-starter.
This beloved local shop on South County Road, a favorite street for off-Worth shopping, perfects the Palm Beach preppy look with a wide selection of items from a variety of approachable ready-to-wear labels. Whether you’re looking for the latest wedge from Camilla Benedetti or a colorful, brightly printed maxi dress to perfect that effortless Palm Beach look, you’ll find what you’re looking for at C Orrico Palm Beach.
Not quite finished with summering in the South of France? 55 Croisette on Worth Avenue is the next best thing. Opened in 2012 by a couple from Cannes, this chic boutique stocks a carefully curated range of women’s apparel, swimwear, and sandals from European collections like
Givenchy, Stella McCartney, and Alexander Vauthier. It’s the perfect wardrobe to carry you from there to here.
MAX MARA
While you can shop Max Mara’s line of luxurious Italian threads in more than 2,500 locations around the world, the Palm Beach boutique is in a category of its own. Go here for a contemporary yet timeless selection of readyto-wear women’s apparel including outerwear, shoes, and accessories.
With one location in Naples and one in Palm Beach at the Royal Poinciana Plaza, Marissa Collections is a treasured shopping spot for clothing, bags, shoes, accessories, and jewelry. In fact, the Palm Beach outpost even has an in-store piercing suite (in case you find more must-have earrings than you have room for). This family-owned business also stocks highend home and beauty items, so it’s a one-stop shop for the style-savvy.
9 BR | 12 BA | $19,850,000 DETAILS
This West Indies inspired British Colonial is uniquely elegant and yet relaxed, with expansive outdoor terraces surrounded by palm trees, gardens and pool. Ocean views and beachfront parcel providing private access make this property great for Florida living and entertaining!
• Built in 1984 - Renovated in 2012
• 2.5 Acres
• Eastern Parcel – 118’ of frontage
• Western Parcel – 223’ of frontage
• Guest House
• Pool Cabana with Outdoor Kitchen
• Parterre Rose Garden
This home is 5,255 square feet under air plus 5,000 square feet of outdoor entertaining space, 4 bedrooms, 5.5 baths with 2-car and golf cart garage nestled in Bocaire Country Club in Boca Raton, Florida.
Boasting oversized rooms, an open floor plan, a chef’s kitchen, indoor bar, outdoor kitchen within the Florida room and a custom-built lap pool with sun shelf and hot tub. The property has artificial turf and a putting green.
The Bocaire Country Club is a premier boutique members only golf community with amazing amenities and a fully renovated and redesigned Kipp Schulties golf course as well as fitness facilities. The clubhouse is undergoing a gut renovation and will feature two restaurants and an indooroutdoor bar. The club is also expanding the tennis facilities and pickleball courts.
Listed at $2,999,999 | RX 10876873
View more at Peterssoninvestments.com
Everett Petersson
(917) 608-4590
EJP@PeterssonInvestments.com
Eliot House
In Town boutique building,steps from Worth Avenues world-class shopping and restaurants. 2 bedroom, 2 bath, with very private terrace. Full-Service building with pool. West end of street are the Town Yacht docks, bicycle path, and two minute walk to The Society of The Four Arts. Perfect Location! Offered at $2,500,000 | EliotHouse2B.com
Beautifully appointed 2 bedroom 2 bath, updated kitchen and baths, with great balcony! Water views from all rooms, plantation shutters throughout, gym, function room with kitchen, sauna, library, storage, bike storage, Full time door man. Management on Site. Steps from Palm Beach and World Class shopping. Offered at $1,249,000 | Rapallo803.com
An impeccable complete renovation with unbelievable attention to detail. No expense was spared in reimagining this remarkable home. Just over 4,000 square feet with four bedrooms and four and a half bathrooms, the home boast high ceilings with abundant natural light. The great room is breathtaking and has seamless access to the loggia and new pool with tranquil water features. The owners retreat incorporates a breakfast/coffer bar, balcony, magnificent bath and excessive closet space that is not to be missed. All secondary bedrooms have on suite baths. The landscaping is inspirational! There is an oversized airconditioned garage with build-ins and refrigerator perfect for catering for parties. The home has a full house generator and is completely fence with oversized driveway. There are simply too many amenities to list.
For Sale $6,350,000
1900 Consulate Place
$595,000 | 1900ConsulatePlace301.com
Stunning
Lovely 3-bedroom, 2.5 bath condominium with views of the Banyan Cay Golf Club and Hotel Resort & Jack Nicklaus Signature Golf Course. $650,000 | 1900ConsulatePlace901.com
A stunning two-acre direct oceanfront estate with 200 feet of ocean frontage. Over 11,000 total sq.ft.
Offered at $150,000/Month
2999NorthOcean.com
