Palm Beach Real Estate

Palm Beach Real Estate

As the eastern-most town in Florida, Palm Beach offers a lifestyle all its own. Palm Beach is located on a 16-mile long barrier island separated by the Intracoastal Waterway. The island boasts over 35 miles luxury waterfront that attracts people seeking exclusivity.

The area was originally established as a resort community at the beginning of the twentieth century by industrialist and railroad owner Henry Flagler. Palm Beach was later incorporated as a town in 1911. With the construction of two resort hotels and a railroad system that connected southern Florida and the island to the north, seasonal popularity of the area grew, a tradition still carried on by owners of Palm Beach real estate.

Shopping and Dining

Residents of Palm Beach can attest, shopping is second nature here. The most famous of the shopping districts in Palm Beach, Worth Avenue has been described as the "Rodeo Drive of the east coast." Conde Nast Traveler has rated Palm Beach as one of the top five places to shop in the country. The Avenue boast a myriad of designers and retailers such as Gucci, Jimmy Choo, Louis Vuitton, Saks Fifth Avenue, and Tiffany & Co.

As a resort community, Palm Beach is also host to a variety of restaurants with tastes for every pallet. Buccan on South County Road offers contemporary American cuisine including a variety of tapas style dishes. Named after Henry Morrison Flagler, HMF is an homage to golden era Palm Beach offering diners luxurious charm and decadence. HMF is known for its modern menu, cocktails and award-winning wine selection. For a lighter selection, Pizza AL Fresco is perfect for a family dinner or a night out with friends. Pizza al Fresco offers traditional Italian fare with a comfortable atmosphere.

Parks & Recreation

Recreational opportunities abound for owners of Palm Beach real estate. The town’s recreation department operates tennis courts, a par 3 golf course, a marina with 88 slips that can accommodate vessels from 50 to 260 feet, and a recreation center. The Tennis Division includes two tennis centers, Seaview Park and Phipps Ocean Park.

In addition to the city’s par 3 course Palm Beach is home to three other golf courses, an impressive number considering the land area of Palm Beach is less than 4 square miles. The additional courses include Everglades Golf Course, Breakers Ocean Golf Course, and the Palm Beach Country Club.

As a coastal community, boating and fishing are a major draw for those interested in homes for sale in Palm Beach. Organizations such as the Sailfish Club of Florida host world-class events such as the Wirth M. Monroe yacht race and the Gold Cup Invitation fishing tournament. Many of the coastal homes feature their own docks.

Living

The population of Palm Beach tends to fluctuate due to the number of seasonal residents that reside in the city. In 2000, the year-round population was judged to be 10,468, although it was estimated that the seasonal population was around 30,000. Since then, the year round population has dropped a bit, to roughly 8,649 – although the seasonal population probably hasn’t changed much. The cost of living on Palm Beach real estate is 81.6 percent higher than the state average and 83.5 percent higher than the national average. The income per capita is also much greater in Palm Beach.

The most common industries found in Palm Beach include professional, scientific and technical service industries followed by real estate, retail trade and finance and insurance industries. The most common occupations amongst residents living in Palm Beach include top executives followed by sales, management occupations, financial specialists and physicians.

Schools, Health, and transportation

Children Living in Palm Beach real estate attend schools within the Palm Beach County School District. Palm Beach Elementary School is the only public school located on the island. Middle and high school students will attend schools in neighboring West Palm Beach.

If you are thinking about buying or selling a home, give us a call at 561-441-5346 or send us an email to explore your options and to find out when is the best time for you to make a move.