Q: What are the popular residential areas in Palm Beach?
A: Palm Beach has a number of neighborhoods, each of which has its own distinctive characteristics. I work with a wide range of luxury buyers with varying criteria, therefore no specific area is the most popular. Waterfront is always extremely desirable, and those looking for coveted water views are willing to pay a premium. There has been keen interest in new construction or newly renovated homes and condominiums. Some buyers prefer the immediate satisfaction of a turnkey property in order to eliminate the process of building or renovating.
In-town attracts those buyers seeking the convenience of living in the center of activity. The near north end of town (in the vicinity of the Breakers) has seen tremendous redevelopment that has garnered attention with the resurgence of new dining, shopping, and condominiums that have undergone restoration and redesign.
Q: Who’s buying?
A: We are seeing an increase in younger buyers with families who are seeking a simpler lifestyle and refuge from higher taxed states, and international buyers who benefit from a stronger currency. We have excellent schools—both public and private. Properties are selling well on and off the island in surrounding areas such as West Palm Beach, Jupiter, and Manalapan, all being within proximity of Palm Beach’s social and cultural offerings.
Q: As a resident, tell us about Palm Beach’s hot restaurants and shopping destinations.
A: The most popular restaurants on the island continue to be Honor Bar (sister of Palm Beach Grill), BrickTop’s, Cucina, Imoto, and Bice. For more upscale dining, Sant Ambroeus and Chez Jean-Pierre. Palm Beach residents are anxiously awaiting the opening of New York’s renowned La Goulue French bistro later this fall 2019 season.