The latest news about Water Club North Palm Beach

High Demand for Palm Beach Gardens Waterfront Drives Low Inventory

POSTED ON: JANUARY 11, 2018

High Demand for Palm Beach Gardens Waterfront Drives Low Inventory

Over the past year, waterfront property in Palm Beach Gardens is selling as fast as it hits the market in part due to a shortage of new supply. A deeper look shows other factors that are leading to the increased sales pace. Strong conservation laws have left little land left for new development, and Florida's beneficial tax environment is luring new residents to warm climate state with no income tax. Throw in beautiful beaches, rolling fairways and PGA Boulevards dining, shopping and entertainment, and you have a perfect storm.

No Tax, No Problem

The Palm Beaches has many natural attractions--beautiful beaches, sunny days, and a lack of a state income tax. With new the new 2018 tax structure eliminating state income tax deductions, Florida is becoming more popular than ever. With levels as high as 13.3% in states like California, many homebuyers are looking to lighten the load on their wallet and on their returns.

The Law of the Land

Waterfront property owners aren't the only ones who call the Palm Beaches home. The Intracoastal is teeming with life, ranging from rare sea grasses to leatherback sea turtles and playful porpoise. To protect these ecologically sensitive species, the Florida legislature has passed a variety of laws to limit the ecological impact on our delicate habitat. For those few new developments that are approved, residents enjoy the satisfaction of knowing their waterfront lifestyle is becoming more valuable as it becomes more difficult for future development.

Population Trends Tell the Story

Increases in tourism and relocation combine with these factors to drive a hot real estate market. The 2016 Census for Palm Beach Gardens estimated a total of 53,778 residents, or over 879 people per square mile. With so many homeowners desiring to live close to the excitement on PGA Blvd., Palm Beach Gardens has grown exponentially. It's easy to see how residences, especially waterfront, are selling quickly.

For those exploring new home opportunities in Palm Beach Gardens, Kolter Urban has recently announced its third and final residential tower at Water Club North Palm Beach. Limited inventory remains in the first two luxury condominiums, providing a limited supply of modern, contemporary residences overlooking the Intracoastal Waterway and the Atlantic Ocean.

High Demand for Palm Beach Gardens Waterfront Drives Low Inventory

Located just five minutes from PGA Blvd., Water Club North Palm Beach's expansive condominiums range from 1,728 to 3,330 sf. Residents also have access to the unprecedented roster of private resort-style amenities that include two waterfront pools with entertainment areas and fire pits. A resident's club room, fitness center, and dog park are already complete, and future amenities that are under construction include visitor guest suites, pickleball courts, spa service rooms, and an additional entertainment area overlooking a third swimming pool and adjacent marina.

High Demand for Palm Beach Gardens Waterfront Drives Low Inventory

Designer models by Decorator's Unlimited, located in the north tower, are available for private showings on a daily basis. Appointments may be scheduled by calling 561.799.2837. For more information on the available move-in residences in the two completed towers, or to learn about preconstruction opportunities in the third tower, click here. Water Club North Palm Beach is priced from the $900s to over $2 million.