Currently listed for 10.5 million, if sold at asking price the middle penthouse at Biltmore could break condo sales records for price per square foot!

Only one of 3 penthouses the middle condo offers unique expansive views of both the Intracoastal Waterway and the Atlantic Ocean. Offering 3,299 sq. ft. this two bedroom, 2 bathroom and 2 half bathroom home is unique in many ways. The east balcony expands across most of the 10th floor and the west 2 balconies are accessed from the master bedroom and the library.

Some of the penthouse’s luxurious features include a private elevator, “huge” butler’s pantry off the kitchen, expansive wood paneled library, one-of-a-kind views of the Ocean and Intracoastal as well as a poolside cabana, which can sell alone for $400,000.

The Biltmore was built originally as The Alba Hotel in 1925 and was converted to condos in the 1970’s. The Biltmore is certainly one of the most prestigious buildings to be found in the South East United States.
 

The Polly Earl award, named after the late executive director of the Preservation Foundation of Palm beach, awards a Palm Beach property owner for outstanding service to the preservation of historic Palm Beach homes. 

At the conclusion of the annual trustees meeting Lisa and Claes Wahlestedt were awarded this years Earl Award for their property on Australian Avenue.

The Wahlestedts landmarked historical home is one of the oldest homes on the island.  Its located within the original Royal Park Addition neighborhood, originally platted in 1911 by Cap Dimick, Palm Beach’s first mayor. This area predates Town Hall.

The couple purchased the home in 2004 in pretty shabby condition. Taking careful measures to update the home without destroying its historic appearance the Wahlestedts expanded the home by about 1000 sq. ft. creating a new kitchen and family-dining area. Otherwise the floor plan did not change.
 

 Shopping for a new home invariably brings an upgrade in expectations. That is, you would rather have the home that is somewhat out of your reach than the one you would qualify for today.

 Today's new pricing could bring the home you want within your reach. Many sellers are adjusting their asking prices to reflect the changing times. That means you and others who were interested before could be even more interested now. 

 Check with your real estate agent to determine which homes with new pricing could work for you. 

 Another factor that could help involves a lender's credit for energy-efficient upgrades. Energy-efficient windows, for example, could save a homeowner $600 a year. 

 Depending on the interest rate, that reduction in utility expenses could allow you to qualify for up to $10,000 more on a 30-year mortgage.

Call your agent at Scott Gordon Realty today to inquire about recent home price reductions 561-533-5888

 

While the Palm Beach Luxury Real Estate has not been hit as hard as other areas we are nevertheless still seeing a steady increase in sales. Some of the top sales the last three months have been.

3- 5 Million
167 Dunbar Road
1006 Adams Rd
304 Atlantic Ave #4

1-2 Million
337 Brazilian
184 Bradley Place #401
241 Orange Grove Rd.
270 Bradley Place
100 Worth Ave #4020
3140 S. Ocean Blvd #PH4
3100 S. Ocean Blvd. #404N
2660 S. Ocean Blvd. #603S

Included is the Sales Data as mentioned in the Palm Beach Real Estate Guide.

80 Year old, John Volk designed Mediterranean style home just sold for $9.68M. Located at 255 Clarke Ave this home has been a town- designated landmark since 1996.

Originally listed for 10.8M in February this 9,000 sq. ft 4 bedroom, 3.5 bathrooms home is beautifully exquisite and true to John Volk’s work. The back yard features spurting fountains, a 44-foot lap pool, four-car garage and a 2-bedroom guest house.