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Housing sales data for Jupiter and Palm Beach Gardens for July 2021
The Realtors association of the Palm beach and Greater Fort Lauderdale has released the housing sales data for July of 2021. No big surprises here as the housing sakes remain extraordinarily strong.
Risk Rating 2.0 Changes to Flood Insurance
BIG changes are coming to the National Flood Insurance Program and this will have a HUGE affect on Florida Real Estate and in particular along the coast. I recently attended a seminar on this new system intended for insurance agents and here are some of my “take aways”
There will no longer be a “Preferred Risk” policy. This is the $500/yr policy for those NOT required to have a policy by their lender. All policies will be individually rated for risk and the cost associated with that risk.
The Flood Insurance Rate Maps (FIRM’s) will ONLY be used to determine IF your lender will require you to have a flood policy.
The whole notion of a Base Flood Elevation (BFE) is going away. This is crazy. Your policy risk and premium will no longer be determined based upon open and available information being the BFE is 9′ and my first floor is 10′ so I’m good. Or my first floor is 12′ so I’m great. Elevations will be considered for ALL properties. From October onward, “Standardized rating tables will no longer be used, rates will be calculated using an algorithm.” Just exactly what that algorithm is, no one will tell you. Seriously. What they say will affect the pricing of new policies includes:
Jupiter and Palm Beach Gardens Housing sales for March 2021
The sales numbers for March were just released by the Realtors Association and once again, no big surprise. The market is going up at a rapid rate and disproportionately so in the high end communities. Places like Admiral’s Cove in Jupiter and Old Palm in Palm Beach Gardens which historically had a a low “velocity” of sales have seen years of inventory absorbed in just a few months.
1201 Merlot Drive Palm Beach Gardens, FL 33410
1201 Merlot Drive Palm Beach Gardens, FL 33410 in Evergrene
Rarely available floorplan on a corner preserve lot. 4 bedrooms, 5 baths plus a den, incredible space and layout! Wood floors, crown molding, built ins, central vacuum, double ovens, gas and stainless appliances. Private guest suite on second floor, open floor plan, upgrades galore, master suite on first floor overlooking decorative salt water pool that is fully screened in with large covered outside patio with custom wood ceiling and wired for sound!
#Evergrene
2016 Graden Drive Palm Beach Gardens FL 33410
2016 Graden Drive Palm Beach Gardens FL 33410 in Evergrene
This light and bright CBS 5 bed house with southern exposure on the lake in Evergrene sits on a tree lined cul de sac behind the 24/7 manned gate. It’s the perfect floor plan with 4 bedrooms in the main house and an additional bedroom in an attached guest suite perfect for au pair, mom, teen or home office. Kitchen features a HUGE pantry, 42” wood cabinets, granite counters, SS appliances and a gas cook top. Master bath just updated with new subway tile and bead board walls. Sit on the master balcony and enjoy morning coffee with LONG lake views. Fenced back yard perfect for pets with room for pool. Relax around the gas fire pit or head down to the club house enjoy all the amenities Evergrene has to offer, including the 20,000sq/ft resort-like clubhouse, gym, pool and Tiki bar/grill.
Evergrene is a Gold level Signature Sanctuary by Audubon International with Resort Style amenities like an including the 20,000sq/ft resort-like clubhouse and 150,000 gallon resort style pool overlooking a 36 acre lake & pier, Tiki Bar with full bar and food service, two Jacuzzis, Volleyball, State-of-the-Art Fitness center with weights and cardio, Gated Playground, Kid’s Splash area, Indoor Kid’s Playroom, Aerobics Room, Basketball Courts, Tennis and Pickleball Courts,Ping Pong, Library, and Bocce Ball. Ideally located in the heart of Palm Beach Gardens straight down Donald Ross to the Juno/Jupiter Beach or 95 in the other direction. A rated schools make this an easy decision.
#Evergrene
