Homes for sale
Things appear to be getting better, at least in the luxury end (which surprised me). To illustrate, according to Martin County Tax Assessors, the number of homes sold on Jupiter Island, Hobe Sound did increase year over year, with 22 homes sold in 2010, as compared to 17 homes sold in 2009. Prices, ranging up to $8 million, appeared consistent. Also, though, a home at 25 N Beach was bank-owned, showing that even the top strata of real estate properties are not immune to problems caused by the real estate bubble.
The Corcoran Group’s agent, Suzanne Frisbie, has listed one of the most expensive houses in the country. Priced at $65 million, Tranquility, owned by golfer Greg Norman, is at 382 South Beach Road on Jupiter Island. The eight-acre parcel has 370 feet of lake front and 172 feet of direct ocean frontage. The property is comprised of seven buildings, including a main house, grilling pavilion, two guest houses, office and gym, along with a 17-car garage. All together, there are nine bedrooms, 12 bathrooms and five half-baths. Other amenities include 140-foot deep-water dock with lifts, a tennis court, media room, game room, wine room and kennel.
According to Frisbie: “Golf lovers will appreciate the potential on the sprawling west lawn for reestablishing the 5,500-square-foot putting green, with one bunker and one tee set up for 80 yard-yard pitch shots.”
Total square footage is hard to say, Frisbie said, because there have been a number of restorations and expansions to the home’s core, which was originally built in 1902. According to the MLS, there are 17,825 total square feet and 15,826-square-feet under air conditioning.
The property is valued by the Martin County Property Appraiser at $20,761,840. Norman bought the property in 1991 for $4.9 million.
Next up is a home at 254 SE Beach Road on Jupiter Island, which was listed for $19 million on August 10, 2010. It is offered for sale by Allan Meyerson, of Admirals Cove Realty Co Inc.
“This is basically a land deal,” Meyerson said. “The existing house is the former caretaker’s home, but it’s 6.2 acres and has 320 feet on the Intracoastal Waterway. It’s Jupiter Island, and they are not creating more land, or more waterfront on the Intracoastal. There are very few parcels available.”
This Jupiter Island property is owned by an Admiral’s Cove resident, said Meyerson who specializes in Admiral’s Cove real estate sales, which have “definitely improved,” he said. “It just feels very exciting. Our December was terrific compared to the previous five years, and traffic is strong, as far as prospects. In large measure, this has got to go to the sellers, who recognize that it’s 2011, not 2007.”
The third most expensive home on the list is 416 South Beach Road, Jupiter Island. It is listed for $17.8 million by Adrian Reed, a realtor with Fenton Lang Bruner & Associates. This ocean-to-river 6,540-total-square-foot home has six bedrooms and 6.5 bathrooms and was built in 1959.
An Admiral’s Cove estate at 370 Eagle Drive is next on the list. Corcoran Group realtor Lynn Feuerman represents the sellers. This home has 17,761 total square feet, eight bedrooms, ten bathrooms and four half-baths. It also has five fireplaces. Other features include two winding staircases, tiered-seating theater room and performance stage, exercise room, covered terraces and third-floor sundeck.
Meyerson knows some details concerning the Eagle Drive residence. “That was originally Celine Dion’s house and then it was sold to Richard Santulli, the founder of NetJets (fractional program), a company he sold to Warren Buffet.”
Finally, the home at 148 Bears Club was just listed January 10 for $11.95 million by Mark Griffin of The Bear’s Club Sotheby’s International Realty. This 13,000-square-foot-home-under-air custom estate home on the 14th hole, offers nine bedrooms, 10 bathrooms, two half-baths, a library, theater, game room,
gym and expansive resort style pool.
“I see a real stabilization of our markets,” said Griffin. “I’m extremely optimistic about 2011, based primarily on the activity we’ve seen in the fourth quarter of 2010.”