Marotta Realty Group Blog

Vince Marotta  of the Marotta Realty Group successfully brokered the deal to sell the first estate home on Bald Eagle Dr. in Trump National in the past nine months.  Vince represented the seller, and John Cullen of Golden Bear Realty represented the buyer.  The property is located at 522 Bald Eagle Dr., Jupiter, FL 33477.  The 4,932 SF home has four bedrooms, four full baths, two half baths, and two separate garages that each hold two cars.

Recently renovated by a top Connecticut interior design firm, the property also boasts an expanded back yard with elegant pool setting overlooking the 5th hole on the golf course, freshly painted cabinets and walls throughout the home, new hardwood floors, new built-ins, a generator, and much more.  Listed for

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Vince Marotta has broken another Jupiter Island condo sales record by selling the Claridge, suite 4-S.  This sale is the highest priced condo sale on Jupiter Island in the past twelve months.  Mr. Marotta also holds the distinction of selling the highest priced condo in the history of Jupiter Island.

Located directly on the beach in the northern most building on the island, the Claridge is widely regarded as one of the two best buildings in the area.  This property, suite 4-S, is located on the entire south side of the building, occupying the fourth floor with 3,510 SF of air conditioned space, three bedrooms, three full baths, and one half bath.  Valerie Pittman from Fenton, Lang, Bruner and Associated represented the buyer for this signature

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Vince Marotta sets another record for his listing clients by selling the highest priced home in Crystal Pointe in 10 Years.  The estate home at 13455 Bradford Wharf has five bedrooms, four full baths, and 1 half bath with 3,571 SF of air conditioned space.  Located in a private setting in a gated community that is close to the beach, this property also has an amazingly renovated kitchen, and wonderful circulation flow from pool/patio area to the family room, kitchen and living room areas.

Vince represented the seller, and Gabi Darcey of The Fite Group represented the buyer, and the home was listed for $675,000. 

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As the residential real estate market continues to heat up, Vince Marotta continues to sell at the top of the market.  This season Vince sold two the larger estate homes in Frenchman's Creek. 

The first property is located at 13817 Monaco Way on a beautiful 1/2 acre lot that overlooks the 11th hole on the North Golf Course in the community.  Vince brought the buyer to Frenchman's Creek because he thought the extraordinary service at this club matches the client's lifestyle needs from their previous home on Fisher Island, in Miami, Florida.  This 5,300 SF home with four bedrooms, five full baths, and one half bath was listed for $1,649,000.  Judi Collins of Signature Properties represented the seller.

Vince represented both the buyer and

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Continuing his trend to sell at the top of the market, Vince Marotta just sold the highest priced unit in the Aquarius building on Singer Island in the past year.  Representing both the buyer and the seller, Vince listed, negotiated, and closed the deal in just three weeks.  Located directly on the sand, the Aquarius is located at 5440 N. Ocean Drive, Singer Island, FL  33404.  This suite, # 407, is a S.E. corner unit of 1,400 SF of air conditioned space with two bedrooms and two full baths.  Completely renovated from top to bottom, this oceanfront condo is completely turn key, and was listed for $469,900.

Call Vince at 561-847-5700 to learn about other great opportunities on Singer Island or in other fine communities.

 

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Jupiter Island, Florida – Marotta Realty Group is proud to announce that they successfully sold the highest priced condominium unit in the history of Jupiter Island.  Vince Marotta represented the Sellers, and Realty 21 represented the Buyers.  The selling property is the North Penthouse suite in the signature property, The Carlyle.

Call Vince Marotta at 561-847-5700 to learn more about this area on other fine properties.

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Singer Island, Florida – Marotta Realty is proud to announce the sale of the most expensive condo unit in Dunes Towers on Singer Island.  Vince Marotta of Marotta Realty represented the Seller of this 1,330 square foot, 2 bedroom with 2 baths unit which was sold in about six weeks for almost 98% of the listing price.  Patty Hetzel of Keller Williams represented the Buyer.

With this most recent sale which closed on October 23, 2013, Marotta Realty has sold the most expensive Singer Island condo unit within the past year in two different buildings (the other being Eastpoint II), plus the second most expensive unit sold within the past twelve months in Seawinds.

Contact Marotta Realty at 561-847-5700 to learn more about other opportunities on Singer

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Even though median home prices in Palm Beach County have increased 22% from January 2013 through April 2013, to a high of $265,000, according to the Realtors Association of the Palm Beaches, may experts still believe area real estate prices are undervalued.  Trulia, a San Francisco based real estate company, estimates Palm Beach County home prices are still 14% undervalued when considering such key factors as personal income, rental costs and affordability, and long term price trends.  Trulia goes on to report their belief that  Broward and Miami-Dade Counties are 3% and 4% undervalued, respectively.

Shrinking supply, pent-up demand (including a surge in investor interest), and low mortgage rates makes many experts comfortable predicting no real estate

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Buyers looking to find a unique and special estate for more than $3,000,000 make up a select fraternity.  Over the past year in Jupiter and Palm Beach Gardens, 31 properties fit that bill.  Of those 31 estates, 74% of the closed sales (23/31) were in just three communities – Admiral’s Cove (13 sales), The Bear’s Club (5 sales), and Old Palm (5 sales).  Clearly, the market has spoken when three out of every four sales over $3M are in just three communities.

Buyers at this ultra high-end of the luxury market will be happy to know that there are still 67 properties for sale in Jupiter and Palm Beach Gardens over $3M.  Of those 67 estates, 39 or 58% of the listings are in those same three communities.  Here’s the breakdown of available listings over $3M:

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It’s shocking to consider how fast townhouses and condos have been absorbed in Palm Beach County over the past year.  There were 9,300 condos and townhouses available for sale in June of 2012, versus only 5,082 units available in June of 2013.  That’s a 45% drop in just one year which lowered the supply from 8.1 months to 4.3 months.  Most experts agree that a six month supply is generally considered a neutral market.

Sellers in this category are also fighting harder in their negotiations on price with Buyers.  In June of 2012, Sellers agreed to a sales price on average at 90.2% of their original list price.  One year later, in June of 2013, Sellers were agreeing to deals with Buyers at an average sales price of 92.4% of the original listing price.

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