December: Letter from Palm Beach: A Covid Christmas

The Cregan Team - December 31, 2020

Which Tree Caught The Covid?

The Worth Avenue tree looked a little lonelier this year (right) than last. But the Covid Grinch couldn't stop Christmas from coming. It came without Santa in a Ferrari, or shoppers cadging free treats from shopkeepers, or choirs belting carols from church lofts. But at least some of the kids and grandkids got to town (after testing negative), the weather was gorgeous, the waves had a swell and restaurant terraces were dotted with socially-distanced diners (after temps were taken). Families set tables outside in the clean fresh air and called in the florists for beautiful, intimate dinners. Covid hadn't stopped Christmas from coming, it came! Somehow or other, it came just the same!

New Listings Turn Up!

You can't tell from Zillow, but the latest trend in the Palm Beach market is sellers accelerating plans to sell. With so little single-family home inventory available in December, holiday conversations with the family included updated calculations on inheritances, upkeep and property taxes that concluded with "why are we waiting?" You can see the upturn in New Listings at the far right hand side of the graph above. And that's just for homes that have been formally "listed" in the MLS. There's a whole 'nother group of homes on the whisper list– properties agents know will be coming to market soon but aren't there yet. Demand creates its own supply.

Apparently, even Bloomberg is reading A Letter from Palm Beach. New Yorkers Turn Palm Beach Into Hamptons South Fleeing Virus is a fun read. Thanks Amanda!, but maybe next time, with attribution, rather than "a Sothebys Realtor"?!

Our Buyer - Under Contract - 444 Chilean Ave

Exquisite Downtown Palm Beach Home
444 Chilean Ave, Palm Beach

$5,695,000

3
Bedrooms

5
​​​​​​​Bathrooms

3,075
Sq ft.

Chic 2016 - Patrick Segraves, SKA Architect + Planner - jewel that has been maintained in pristine condition and treated to an abundance of top tier designer upgrades in the past 18 months.
Simply ‘Best in Class’ beginning with extraordinary 13’ foot ceilings in the family/living rooms on the first floor, then upstairs or elevator to 10’ ceilings in master suite overlooking the serene pool and guest house. Limestone floors greet the homeowner upon entry and continue on stairs with walnut hardwood flooring in the living room, family room, bedrooms and library. Kolbe windows/doors create light-filled rooms throughout that accentuate a vibrant color palette. The second floor has an ensuite guest room separated from the master suite by a paneled library. All baths have large format stone flooring and walls with tasteful choices from paper to hardware to lighting. Relax and entertain in the lushly landscaped tropical pool setting with vertical garden wall and after sunset lighting. Bougainvillea climbs a pergola shading a pleasant seating area and fireplace poolside. A two car garage with ample storage has a private guest suite above.

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Some Seasonal Rentals Still Available

Just Want a Place in the Sun? Charming Seasonal Rental in West Palm Beach

Totally Charming Soso Rental
6408 Washington Road, West Palm Beach

$12,000 Per Month for a Seasonal lease

3
Bedrooms

3
Bathrooms

1,827
​​​​​​​Sq ft.

In a quiet section of SoSo, 3 bedrooms/3 baths, one floor home with a beautifully renovated kitchen family room. Outdoors are two inviting terraces framed in bougainvillea overlooking a bright green lawn. And just one block to the the Flagler Drive walkway along the Intracoastal (note: no pool). Available January-March at $12,000 per month.

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151 S County Rd
151 S County Rd Fl 1, Palm Beach

$7,500 Per Month for an Annual Lease

2
​​​​​​​Bedrooms

2
​​​​​​​Bathrooms

1,042
​​​​​​​Sq ft

An unbelievable find in the ocean block between Clarke and Barton Avenues, this intimate two-bedroom/two-bath apartment is the perfect spot for dipping a toe into the Palm Beach lifestyle. Renovated kitchen and baths and a little over 1,000 sqft of living space. This full floor apartment is right next to Bethesda church, the Breakers and the elegant homes lining Clarke and Barton. Charming house with barrel tile roof and front courtyard hidden behind lush foliage. Just a short stroll to the beach or the shopping on Worth and Royal Poinciana. At only $7,500 per month annual/$9,500 per month seasonal, this is a great opportunity to spend a year or season in paradise

Annual: $7,500 Per Month, Winter Season: $9,500 Per Month

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1
Bedroom

1
Bathrooms

625
Sq ft.

Available for the season at $5000/month. Beautifully remodeled and contemporary furnished one bedroom one bath cottage on a historic plaza in the center of town. Two blocks from beach access. Walking distance to elegant restaurants and world class shopping. Washer dryer in the unit. Very private and secluded surrounded with exquisite landscaping. Winter Season: $5,000 Per Month

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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.

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