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.

Fewer than 1,000 home transactions in Palm Beach County last year were “flips”, a 14 percent decrease from 2012 and a likely result of steadily increasing sale prices cutting into potential profit.

According to the housing analysis firm RealtyTrac, about 4.7 percent of 2013 home sales countywide were purchases made within six months of the previous sale, a move that indicates an investor bought low and sold high.

The average growth profit on a flip in Palm Beach County last year was $67,265, up from $50,065 in 2012.

“Strong home price appreciation in many markets boosted profits for flippers in 2013 despite a shrinking inventory of lower-priced foreclosure homes to purchase,” said Daren Blomquist, vice president of RealtyTrac. “Flipped homes were still purchased at an average discount of 13 percent below market value in 2013, the same average discount as 2012, indicating that investors are finding discounted buying opportunities outside of the public foreclosure process — particularly in those markets with the biggest increases in flipping for the year.”


Jacksonville had a 92 percent increase in flipping in 2013. Statewide, Florida flips were up 6.4 percent from 2012.

Wall Street investors and well-funded hedge funds have all got into the home-buying market in recent years hoping to buy low, rent out, and sell when real estate fully recovers. But those purchases wouldn’t count in RealtyTrac’s flipping report.

More common are the purchases by companies such as We Buy Ugly Houses, which tries to buy low, remodel and resell.

In the fall, We Buy Ugly Houses franchise owner Don Cameron, said his West Palm Beach-based company is having a harder time finding profitable flips since the entrance of the Wall Street landlord.

“We understand the complexities of dealing with a house that needs more than just carpet and paint,” he said. “But we don’t make a huge profit on any job.”

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This entry was posted
on Monday, February 3rd, 2014 at 8:40 am and is filed under Florida economy, Foreclosures, Housing affordability.
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