March: Letter from Palm Beach: Double Shot of My Baby's Love

The Cregan Team - March 28, 2021

How is the Swinging Medallions 1966 smash, Double Shot, not climbing the charts again!?

All anyone in Palm Beach seems to be talking about is whether they've had their second shot. Sure, we're all still wearing masks and it's the outdoor tables that go first at the restaurants, but you can feel the Covid cloud lifting as vaccination numbers climb. These past few weeks brought so many events that felt like regular old Palm Beach.

There was a changing of the guard at Town Hall as our wonderful longtime mayor, Gail Coniglio, handed the reins to our friend Dani Moore, a non-stop booster of all things Palm Beach and herself the daughter of a longtime mayor. And the Garden Club cut the ribbon on its gift to the town of a new tidal garden at Bradley Park with the goal of showing residents how to literally "go with the flow." And then there was the mask-clad reception at the oldest house on the island, Duck's Nest (above). Fellow Chicagoans, Julie and Brian Simmons, spent years joyfully rejuvenating this early settler's property and the Preservation Foundation wasted no time awarding them the prestigious Ballinger Award for restoring this beloved landmark.

BTW, the al fresco dining genie shows zero interest in climbing back into the bottle. Breakers' president Paul Leone is leading the charge to keep the expanded outdoor dining– and the sentiment around town seems to be, "heck yes!"

Closing with a final word from the Medallions. Those boys really knew how to dangle a preposition:

"It wasn't wine that I had too much of
It was a double shot of my baby's love."

Market Color: The Peggy Lee Market

Peggy's anthem, "Is that all there is?" has become the question of the moment

The number of listings continues to drop as anything well-priced and move-in ready, house or condo, will sell quickly. Buyers have fewer choices today than they did even just a few months ago, but we are seeing positive signs for supply. In the chart above, note the 23 unit jump (+64%) in New Listings partially offsetting the 50 unit decline in Active Inventory. And that isn't even a true indicator of what's going on, we've also been able to find our clients homes off-market and pre-listing. The value of an agent who's fully engaged and tuned into the market has never been greater.

Our Listing - for Annual or Seasonal Lease

Fresh and New on the Sea Streets
316 Seabreeze Avenue, Palm Beach

$30,000 Per Month for 12 Month Annual Lease

3
Bedrooms

4
Bathrooms

2,470
Sq ft.

Available June 1st 2021 for annual or seasonal lease. 2019 construction in the heart of the Sea Streets. Beautiful kitchen and baths with every feature you could wish for. Sub Zero fridge, Wolf gas range, Paris Ceramics floors, heated towel bars. Three bedrooms: two large bedrooms with ensuite baths in main house, California king in master and queen bed in guest room. Plus upstairs den area with full-sized sleeper sofa. Sonos speakers throughout, fast WiFi and smart TVs. Guest House/Pool Cabana with its own beautiful new bath and living room can be furnished as bedroom or with L-shaped sofa hiding a pullout queen bed.

Rental Terms:
Annual: $30,000 per Month for 12 month lease
Seasonal: $50,000 per Month for 6 month lease

Request A Private Showing

Our Seller - Under Contract - 334 Chilean Avenue

DESIGN YOUR OWN IN-TOWN DREAM
334 Chilean Avenue, Palm Beach

$4,795,000

-
​​​​​​​Bedrooms

-
Bathrooms

-
Sq ft.

Land! Absolutely prime location in middle of the 300 block of Chilean. Lot is 9,384 sqft. Zoning will permit a large two-story home covering 30% of the lot. Walk to Worth Avenue, beach and town docks. It's a dream location. In a market with so little inventory to choose from, why not build and get exactly what you want?

Request A Private Showing

Work With Us

As a real estate team, Lisa and John Cregan comprise a perfectly complementary set of skills- Lisa’s deep knowledge of architecture and interior design combined with John’s decades of experience in market analysis, finance and negotiation.

Contact Us