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.

About 12 percent of Palm Beach County homeowners with a mortgage are on track to have enough equity to sell their homes sometime in the next 15 months without resorting to a short sale.

According to a report released today by the Irvine, Calif.-based RealtyTrac, rising home values across the board are pushing people who have between 90 percent and 110 percent equity into a selling zone. That means a homeowner owes either 10 percent more on their mortgage than the home’s value or owes 10 percent less on the mortgage than the home’s value.

Statewide, about 13 percent of homeowners with mortgages are in the same situation, meaning more homes could be coming up for sale as buyers continue to scour a market low on supply.

But that’s the good news. A full 40 percent of Florida mortgages remain deeply underwater, meaning 25 percent or more is owed on the mortgage than the home’s value. That ranks Florida in second place, and tied with Illinois, for the highest percent of deeply underwater homes.

Nevada ranked in the top spot at 46 percent.

About 36 percent of Palm Beach County homeowners with a mortgage are deeply underwater.

“Steadily rising home prices are lifting all boats in this housing market and should spill over into more inventory of homes for sale in the coming months,” said Daren Blomquist, vice president at RealtyTrac. “Homeowners who already have ample equity are quickly building on that equity, while the 8.3 million homeowners on the fence with little or no equity are on track to regain enough equity to sell before 2015.”

That’s if prices continue to increase at the rate of 1.33 percent per month, Blomquist noted.

One odd thing in the report is the number of homes with equity that are in foreclosure, meaning they could have probably sold without having to go through the foreclosure process.

In Florida, 15 percent of the homes in foreclosure have equity.
“Nearly one in four homeowners in foreclosure nationwide has at least some equity, giving them a better chance to avoid foreclosure without resorting to a short sale — assuming they realize they have equity and don’t miss the opportunity to leverage that equity,” Blomquist said.

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This entry was posted
on Thursday, September 5th, 2013 at 7:48 am and is filed under Florida economy, Foreclosures, Housing affordability, Housing boom.
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