WOW, what a great get away crash pad in the prestigious PGA National Resort.  I listed and have since placed under contract this unit the Cypress Point Development in PGA.  One bed and aone bath with a descent kitchen and living room on the second floor with a lake view.  A new A/C and for you investors Cypress Point has NO RENTAL RESTRICTIONS.  Thus, one can rent this out by the day, week or month when not in use to off set the cost of ownership.  CLICK HERE to see the full property details.

I went and took a look at this bank owned unit at 100 Lehane Terrace Unit 17 North Palm Beach FL 33408 last week.  Bottom line, this is a great deal.  It needs a full on renovation but there’s a 2 bed 2 full bath unit on the water with a view that is second to none.  The unit has a recent split system AC and water heater.  This unit is on Lehane which is the last street in North Palm Beach.    The other side of the canal to the south is Lake Park.  Why does this matter?  When you dial 911 you get North Palm Beach Responders.  The building is not 55+ and the unit may be rented twice a year.  Renovated units with the same view are selling for 230k and I figure the unit needs a kitchen, 2 baths and 1100 s.f. of flooring removed and replaced.  Say 40-50k to something nice but not over the top and they’re asking 163.5k  So, pay 150k plus say 50k and you end up with a renovated unit with a million dollar view to the east across the intracoastal and of Little Munyan Island and Macarthur State Park.

I saw this Jupiter FL unit last week in Jupiter Bay, the condos at the southeast corner of Indiantown Rd and US-1….

353 S US 1 unit A101 Jupiter FL 33477

What I did like about the unit is the lay out.  This is one of the 2 story units on the ends of the buildings so first of all an end unit.  Like it.  A half bath and laundy room on the first floor with both beds and 2 full baths upstairs.  The first floor has both a screened patio, facing south in the back looking at the lake as well a side (east facing) patio that’s at grade and not screened.  This is a nice spot to keep a bike or beach gear.  The unit is basically all origional But I like the location and exposure.  As I like to say you can change everything about a unit you don’t like except the location.  The second floor guest bedroom has it’s own entrance from the second floor cat walk and the master has a patio that faces the lake which is not screened.

Jupiter Bay allows one small pet under 20#’s and is one of the VERY few communities which allow short term rentals making these very popular with people for investments or for those looking to offset the cost of ownership.  Only the C building requires a minimum 30 day rental.

Bottom Line:  Nice unit but for this price (329k) you could be in a 3 bed in Bella Vista on the Park

This is a very nice development that abuts Carlin Park so one can walk through the park to the beach and activities held in the park like concerts and plays.  There is a pool of course as well as the usual restrictions of no trucks or RV’s.  A nice feature is that there is a very nice restaurant  right inside the community and the Maltz Jupiter Theatre as well as the new Harbourside Place is across the street.

I saw this 501 unit in the Island House building on Jupiter Island  about a week ago with a customer and they have done a terrific job on the renovations.  Very nice beach feel to the unit.  This is a top floor and northeast corner unit.  Typically I would say the southeast corner unit is the prefered stack but in this building the northeast corner looks over the pool at the next building to the north being Tequesta Towers.  So it looks over that pool and up the Jupiter Island beach to the north.  This unit has end wall units to take advantage of this as well.  Very tastefully renovated unit and looks to be priced about right given the renovations.  The only negative I will say on this is that the pool for this building is in the front of the building and NOT on the beach.

To see the listing sheet with all the pictures CLICK HERE.