What’s a Good Boat Dock Worth Today; 65′ Jupiter Foreclosure Worth Watching

Need space for your 65′ boat? I have been keeping an interested eye on a dock in Jupiter as it is a foreclosure that has already been on the market for 94 days. Originally listed at $159,900 back in October they have been chopping the price $10,000 a crack about every thirty days. The last price reduction took it down to $129,900 which is just about a 50% discount to the last sale back in September 2008. Not sure how closely dock sales mirrored the overall real estate market but this last sale was a good 2.5 to 3 years after the peak.

This is really kind of an interesting perspective that I am going to continue watching. So what was this dock worth in days of yore? Well I find four previous sales;

In December of 1994 this dock sold for $45,000

In February of 1996 it sold again for $65,000; a very 44% increase in just about 14 months.

In April of 2001 it was sold again this time for $80,000; here is took 62 months for the value to increase by about 23%.

The last sale was in September 2008 for the hefty sum of $260,000 a huge 225% jump in a little less than 7 1/2 years.

So where has the value gone today? At some point a  buyer will surface and let us know.

If you are looking for a dock, or maybe something on firmer ground, “Results Driven Real Estate” would love the opportunity to provide a complimentary consultation and a careful review of your real estate goals.

Always at Your Service,

Tom Priester   e-PRO
“Results Driven Real Estate”

Keller Williams Realty
561 308-0175
tom@tompriester.com

http://www.tompriester.com

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Tom Priester

After spending years among the top individual performers at one of Palm Beach County’s largest and most successful real estate brokerages, Tom Priester knew there was another way to do real estate. A better way. Real estate services focused on the customer. Like the old days when the customer truly was #1. He tired of listening to why he should be going out to have his customers sign one sided buyers’ brokerage agreements. He tired of hearing how he should be selling customers why paying higher commissions, like 7% and 8%, was to their benefit. He tired of hearing how he should sell his clients on why they should be paying hundreds of dollars in additional “transaction fees”. The business had slid way too far from being focused on the customer. His customer. So he decided the time was right to be different…..by design. To start his own unique boutique real estate firm truly focused on his customers. They will now have access to a process focused on them. Only the best marketing techniques to sell their homes. No cutting corners. Commission structures based on his clients needs not his. Paradise Sharks was born out of Tom’s passion to return this business to the customer. Where it belongs. If you want a real estate experience that benefits you, just give Tom a call at 561 308-0175 or send him an e-mail at tom@paradisesharks.com. You can always pay more and receive less but that just would not make any sense. Would it?

2 thoughts on “What’s a Good Boat Dock Worth Today; 65′ Jupiter Foreclosure Worth Watching

  1. Great post. I always have wondered about dock purchases but never really heard anyone comment on the resale value of the same dock over the years. Am enjoying your blog. It’d be terrific if you can post something about the direction Miami Beach is trying to grow into. If your perspective is anything like your blog, I look forward to reading it.

    1. Mark, thank you for the comments and I thought it was interesting to watch as well. The good news is a buyer has surfaced and the dock is now under contract. We will have to sit tight and see what the closing price is. I am a bit north of Miami but make it down there quite often. A lot depends on your lifestyle as Miami is truly a very cosmopolitan city with a very diverse lifestyle and I see that continuing. I do see quite a few people relocating from the Miami area to areas further north in Palm Beach and Martin counties and that trend will also continue.

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