Majestic Waterfront Mansion...

Live the ultimate concierge lifestyle with resort-style amenities
  • Newly renovated 90,000 sq. ft. clubhouse with men's and ladies card rooms; a business center; five lounge and bar areas, including a Sports Bar with billiard tables and four dining venues, open all year.
  • private beach club directly on Juno Beach with full gourmet restaurant and resort style cabana service.
  • New state-of the-art 24,000 sq. ft. fitness center and spa, new heated resort pool and separate lap pool, as well as a full service salon and spa.
  • Two championship 18 hole golf courses; driving range; golf practice and training area; international caddie program.
  • 16 Lighted Har-Tru tennis courts.
  • 24/7 Security and Paramedic staff and state of the art surveillance technology; neighborhood K-9, waterway, perimeter, and golf course patrols.
  • Dog park: outdoor club for four legged members and stocked lakes for fishing.
  • Children's activity center, playground, basketball court and special club programs, including carnival, ice skating, amusement rides and games.

Beach and Country Club Lifestyle

5-Star Resort Concierge Living
  • all day complimentary valet service;
  • complimentary breakfast;
  • dinner hors d'oeuvres, bottled water, coffee, tea, healthy snacks and cookies;
  • club  sommelier;
  • planned entertainment;
  • travel;
  • community philanthropic organization;
  • educational seminars and art exhibitions;
  • airport and local transportation;
  • food delivery;
  • home repair and house watch services;
  • business center and conference rooms;
  • dry cleaning pick up and delivery;
  • hurricane preparation, shelter and post cleanup services.

Rents continue to rise in South Florida, increasing 3.5 percent in July compared to the same time last year. A three-bedroom home is now going for a median of $1,771-a-month according to a Zillow study of Palm Beach, Broward and Miami-Dade counties.

Whether it’s better to buy a home instead of renting_ if you can out-compete the cash investors _ depends on how long you plan to live there and what city you’re buying in.

Seattle-based Zillow has come up with a measure called the “breakeven horizon.” Basically, it’s how long you have to live in a home before it makes more financial sense to buy it.

For example, in Boca Raton last month the median rent on all homes was $1,987 per month. At that rate, you would have to live in a home for 2.4 years before it makes more sense to buy.

In West Palm Beach, the median rent was $1,426 on all homes, and you would only have to live in a house 1.9 years before it makes more sense to buy.

Other Palm Beach County cities include Boynton Beach (1.9 years), Delray Beach (2.1 years), Jupiter (2.6 years), and Palm Beach Gardens (2.1 years).

Zillow Chief Economist Stan Humphries said he doesn’t believe South Florida will see home price declines, but appreciation rates will slow significantly. That’s not the case for other areas in the country, including parts of California and Nevada, where Humphries believes there is a price bubble forming.

“Prepare for volatility for the balance of the decade,” Humphries said. “In periods of volatility, the best advice is provide a margin of safety in your purchase. Don’t try to extend yourself too much.”

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This entry was posted
on Wednesday, September 4th, 2013 at 8:05 am and is filed under Foreclosures, Housing affordability, Housing boom.
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