Lake Charleston homes for sale

7/16/12

Palm Beach Million Dollar Short Sales!

When someone mentions short sales, the image that comes to mind is this: bad_curb_appeal1

But what would you think if I said “short sale” and this was the image that went along with it?

Palm Beach Short Sales Over $1 million

Well…right now, in Palm Beach County, there are 37 homes listed as short sales with asking prices ranging from $1,000,000 up to $13,000,000 !

There are also 6 bank owned Palm Beach homes with asking prices from $1,025,000 up to $3,500,000.

The downturn in the real estate market and the economy was not limited to just the working Joe like us…even the top tier of income earners/net worth have suffered the effects of the bottom dropping out of home values.

But, if you’re fortunate enough to still have a six-figure income or a lot of cash sitting idle…now is probably a great time to grab a seven-figure property.

  • Five of them are listed as “oceanfront”
  • Nine are listed as being on the intracoastal
  • Four are over 5000 square feet of interior space
  • Seven have private boat docks
  • One is on exclusive Jupiter Island with 200’ of ocean and intracoastal!

Even if you're not in the seven-figure market, there are some great delas on the larger, upper-tier properties right now.

Give me a call on my direct line at 561.602.1258

And as always…thanks for reading…Steve Jackson

 
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