Jupiter Yacht Club unit hits market

Premier waterfront Jupiter location is hard to beat

Anybody who has been watching the Jupiter real estate market knows 2015 has been remarkable. The best properties, in the best locations, tend to sell quickly, at premium prices. The location of The Pointe building does not get any better. Direct waterfront condos are a rare bird in Jupiter, throw in a world class protected marina and it gets even better. Walkability has become one of the most important factors for all buyers. From The Pointe you can easily walk to the beach, Food Shack, The Woods. You get it, life is good at The Pointe at Jupiter Yacht Club.

Pointe Elevation from Marina FINAL PS

So, when a 3 bedroom, 3 1/2 bath corner unit with direct intracoastal views and 2,608 square feet hits the market I take notice. I know the last corner unit in the building with this square footage sold for $517 per foot. This property just hit the market late yesterday at $420 per foot. Sure, that sold unit was 40′ higher and a different view, but we are talking a list price here that is at a 19% discount to that sale. That is a 4.75% bump for each floor. Home inventory in Jupiter and the surrounding communities is down almost 21% since the first of the year. Median condo prices in the area are up about 13.5% over the same period. This premiere Pointe property hits the market at a price that is very compelling.

The home has some history, as for much of the time since September 2012 it has been on the market. It was for sale as a traditional sale, a short sale and finally as a foreclosure and the buyer timed it perfectly as they paid $800,000 in January. Just a couple months earlier the same floor plan, the same stack, one floor above sold for $1,040,000. Condition, in my opinion, was not a huge factor.

So, the seller picked it up at a bargain price at least partially because of a “foreclosure” stigma and now decides to sell. Low inventory. The only unit on the market in The Point. Walkability plus. High demand with a record breaking season just weeks away. A compelling list price. Sure sounds like a recipe for a quick sale. If you, or anyone you know, might be interested please reach out to me at 561.308.0175 or tom@paradisesharks.com and we will get you in the fray.

Fins up…..

#jupiteryachtclub #jupiterlife


Published by

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?

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