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 28 percent of Palm Beach County homes with a mortgage were in negative equity during the third quarter of the year, compared with 30 percent during the second quarter, according to a report released this morning.

Economists at the Irvine, Calif.-based CoreLogic believe rising home prices are mostly the reason for homeowners gaining ground on their mortgages. Negative equity, or being underwater, means a borrower owes more on the mortgage than the home’s value.

While 28 percent is still high, consider that in the early 2010, 47 percent of Palm Beach County homes were underwater. And it’s considerably lower than even last year third quarter when 41 percent of homes were underwater.

Nationwide, 13 percent of homes with a mortgage were underwater last quarter, down from 14.7 percent the previous quarter.

“We should see a further rebound in consumer confidence and economic growth in 2014 as more homeowners escape the negative equity trap,” said Anand Nallathambi, president and CEO of CoreLogic. “Home price appreciation has helped more than 3 million property owners nationwide regain equity since the first quarter of 2013.”

Statewide, about 29 percent of homeowners with a mortgage were underwater last quarter, ranking the state second in the nation for highest negative equity following Nevada’s 32 percent. Arizona came in third with 22.5 percent, followed by Ohio (18 percent) and Georgia (17.8 percent).

Of the largest 25 metropolitan areas, Orlando-Kissimmee-Sanford, Fla., had the highest percentage of mortgaged properties in negative equity at 32.3 percent, followed by Tampa-St. Petersburg-Clearwater, Fla. (30.1 percent), Phoenix-Mesa-Scottsdale, Ariz. (23.2 percent), Riverside-San Bernardino-Ontario, Calif. (20.8 percent) and Chicago-Naperville-Arlington Heights, Ill. (20.5 percent).

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This entry was posted
on Tuesday, December 17th, 2013 at 8:32 am and is filed under Florida economy, Foreclosures, Housing affordability.
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