March: Letter from Palm Beach: Street of Dreams

John Cregan - March 14, 2022
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Street of Dreams
Lisa and John Cregan
The Homes of Golfview Road Are Like the Children of Lake Wobegone, They're All Above Average.
Or at least that seems to be the conclusion reached by the Palm Beach Preservation Foundation while contemplating this year's prestigious Ballinger Award. The award is given annually to a renovation or restoration project that best exemplifies the town's unique architectural character. Unable to choose a favorite from the lineup of beautiful homes on Golfview's private, palm-lined block, the selection committee finally said, "Oh heck, all of them."
Marjorie Merriweather Post must be beaming. She and her new husband, EF Hutton (yes, that EF Hutton), envisioned Golfview Road as a place to attract smart "young marrieds" like themselves. In 1921 they hired a rising young architect named Marion Sims Wyeth to build them their pre- Mar a Lago starter home, Hogarcito, at #17 Golfview and a friend did the same at #5. Pleased with the results, the Huttons commissioned Wyeth to design eight more "spec homes" on alternating lots down the north side of the block. The resulting streetscape is one of the most alluring in Palm Beach and six of the homes have been landmarked. The recent painstaking renovation of #16, La Claridad, gave the Preservation Foundation cause to create some fascinating background material on the block, including a video on its history as well as a walking tour of all the homes of Golfview. Enjoy!
Market Color: Psychology Today
There's a clear line of connection between the two charts here.
As Days on Market have declined, potential sellers have become more and more encouraged to list their homes (note the upturn in New Listings below). Turning the tide are two factors, price (duh), and the prospect of a quick, painless sale. No one enjoys opening their home for showings. But if you could sell quickly, with a minimum of fuss – and get a price you hadn't dreamed of two years ago– well, maybe it's time.
We'd also point out that these numbers do not include the significant amount of activity occurring off-market and pre-listing. Tell us what you're dreaming of, we will find it for you.
*Sold – Both Our Buyer and Seller*5 Golfview Road
5 Golfview Road sits on one of Palm Beach's premier streets. But in addition to its prestigious address, the house is one of only two that were built on the south (golf course) side of the road. So it's actually surrounded on three sides by over 100 acres of unobstructed views of fairways, lakes and birdlife. Designed by Marion Sims Wyeth, the house is in pristine condition. 8,600 sqft on a .51 acre lot.
Off-Market Sale Price $44.93m
*Pending-Our Buyer* 234 Sunset Rd in El Cid
234 Sunset Road is a small 1952 house on a great block in one of West Palm Beach's best neighborhoods, El Cid. Sited at the front of a deep, 8,000 sqft lot, the property offers a great opportunity to renovate and add on, or build a new, larger house on a lakeside block lined with much more expensive homes. 2 beds/2 baths.
Asking price $2.895m
*Sold- Our Listing* 441 Seaview Ave On Your Doorstep, the Lake Trail and the Four Arts
441 Seaview Avenue

441 Seaview Avenue, Palm Beach

$7,200,000

3
Bedrooms
 3
Bathrooms
 2,828
Sq Ft.
For anyone who's ever said, ''I'd love to find a charming little house in town'' this is the one. Elegant 1920's architecture, 10' ceilings, a renovated kitchen and an inviting living room centered on a grand, oversized fireplace. Two bedrooms, two baths in the main house plus a one bedroom suite guest cottage overlooking the garden. All this on a dead-end, one-way street, just 50 yards from the Four Arts library and sculpture garden. Neighborhood beach access at the ocean end of Seaspray Avenue, and an easy stroll via the adjacent Lake Trail to Worth Avenue and Royal Poinciana shops and restaurants.
Request A Private Showing
*Sold–Our Buyer* 425 Worth Ave 2A "The Villas"
Elegantly Renovated at The Villas

425 Worth Avenue, Apt 2a, Palm Beach

$7,495,000

3
Bedrooms
 5
Bathrooms
 3,232
Sq Ft.
Located in the prestigious Villas Condominium on Worth Avenue, this stunning fully renovated corner unit has 3 bedrooms, and 5 full baths with amazing views of the water. The residence offers beautiful millwork throughout, spacious living and dining areas, ample storage, and much more. The eat-in kitchen has top-of-the-line appliances. The laundry room could be converted back to a 4th bedroom if needed. Other features include a beautiful small bar area with ice maker and mini fridge, a pecky cypress paneled tv area, and a waterfront library. The master bedroom offers water views, dual baths, and lots of closet space. Hurricane impact doors and windows. Doorman building, full time manager, located on Worth Avenue, close to restaurants, shopping, and town docks.
Request A Private Showing
Sotheby's decided to give us little more detail on our 2021 Ranking and it was pretty good news– yes, top 100, but actually #10 in the nation and #1 at Sotheby's Palm Beach. 🥂
Lisa and John Cregan
Senior Global Real Estate Advisors
SL3439962

Sotheby's International Realty
340 Royal Poinciana Way Ste M314 Palm Beach FL 33480
© 2022 Sotheby’s International Realty. All Rights Reserved. Sotheby’s International Realty® is a registered trademark. Each Sotheby’s International Realty office is independently owned and operated, except those operated by Sotheby’s International Realty, Inc. This material is based upon information which we consider reliable but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. All offerings are subject to errors, omissions, changes including price or withdrawal without notice. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Equal Housing Opportunity.

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Street of Dreams
Lisa and John Cregan
The Homes of Golfview Road Are Like the Children of Lake Wobegone, They're All Above Average.
Or at least that seems to be the conclusion reached by the Palm Beach Preservation Foundation while contemplating this year's prestigious Ballinger Award. The award is given annually to a renovation or restoration project that best exemplifies the town's unique architectural character. Unable to choose a favorite from the lineup of beautiful homes on Golfview's private, palm-lined block, the selection committee finally said, "Oh heck, all of them."
Marjorie Merriweather Post must be beaming. She and her new husband, EF Hutton (yes, that EF Hutton), envisioned Golfview Road as a place to attract smart "young marrieds" like themselves. In 1921 they hired a rising young architect named Marion Sims Wyeth to build them their pre- Mar a Lago starter home, Hogarcito, at #17 Golfview and a friend did the same at #5. Pleased with the results, the Huttons commissioned Wyeth to design eight more "spec homes" on alternating lots down the north side of the block. The resulting streetscape is one of the most alluring in Palm Beach and six of the homes have been landmarked. The recent painstaking renovation of #16, La Claridad, gave the Preservation Foundation cause to create some fascinating background material on the block, including a video on its history as well as a walking tour of all the homes of Golfview. Enjoy!
Market Color: Psychology Today
There's a clear line of connection between the two charts here.
As Days on Market have declined, potential sellers have become more and more encouraged to list their homes (note the upturn in New Listings below). Turning the tide are two factors, price (duh), and the prospect of a quick, painless sale. No one enjoys opening their home for showings. But if you could sell quickly, with a minimum of fuss – and get a price you hadn't dreamed of two years ago– well, maybe it's time.
We'd also point out that these numbers do not include the significant amount of activity occurring off-market and pre-listing. Tell us what you're dreaming of, we will find it for you.
*Sold – Both Our Buyer and Seller*5 Golfview Road
5 Golfview Road sits on one of Palm Beach's premier streets. But in addition to its prestigious address, the house is one of only two that were built on the south (golf course) side of the road. So it's actually surrounded on three sides by over 100 acres of unobstructed views of fairways, lakes and birdlife. Designed by Marion Sims Wyeth, the house is in pristine condition. 8,600 sqft on a .51 acre lot.
Off-Market Sale Price $44.93m
*Pending-Our Buyer* 234 Sunset Rd in El Cid
234 Sunset Road is a small 1952 house on a great block in one of West Palm Beach's best neighborhoods, El Cid. Sited at the front of a deep, 8,000 sqft lot, the property offers a great opportunity to renovate and add on, or build a new, larger house on a lakeside block lined with much more expensive homes. 2 beds/2 baths.
Asking price $2.895m
*Sold- Our Listing* 441 Seaview Ave On Your Doorstep, the Lake Trail and the Four Arts
441 Seaview Avenue

441 Seaview Avenue, Palm Beach

$7,200,000

3
Bedrooms
 3
Bathrooms
 2,828
Sq Ft.
For anyone who's ever said, ''I'd love to find a charming little house in town'' this is the one. Elegant 1920's architecture, 10' ceilings, a renovated kitchen and an inviting living room centered on a grand, oversized fireplace. Two bedrooms, two baths in the main house plus a one bedroom suite guest cottage overlooking the garden. All this on a dead-end, one-way street, just 50 yards from the Four Arts library and sculpture garden. Neighborhood beach access at the ocean end of Seaspray Avenue, and an easy stroll via the adjacent Lake Trail to Worth Avenue and Royal Poinciana shops and restaurants.
Request A Private Showing
*Sold–Our Buyer* 425 Worth Ave 2A "The Villas"
Elegantly Renovated at The Villas

425 Worth Avenue, Apt 2a, Palm Beach

$7,495,000

3
Bedrooms
 5
Bathrooms
 3,232
Sq Ft.
Located in the prestigious Villas Condominium on Worth Avenue, this stunning fully renovated corner unit has 3 bedrooms, and 5 full baths with amazing views of the water. The residence offers beautiful millwork throughout, spacious living and dining areas, ample storage, and much more. The eat-in kitchen has top-of-the-line appliances. The laundry room could be converted back to a 4th bedroom if needed. Other features include a beautiful small bar area with ice maker and mini fridge, a pecky cypress paneled tv area, and a waterfront library. The master bedroom offers water views, dual baths, and lots of closet space. Hurricane impact doors and windows. Doorman building, full time manager, located on Worth Avenue, close to restaurants, shopping, and town docks.
Request A Private Showing
Sotheby's decided to give us little more detail on our 2021 Ranking and it was pretty good news– yes, top 100, but actually #10 in the nation and #1 at Sotheby's Palm Beach. 🥂
Lisa and John Cregan
Senior Global Real Estate Advisors
SL3439962

Sotheby's International Realty
340 Royal Poinciana Way Ste M314 Palm Beach FL 33480
© 2022 Sotheby’s International Realty. All Rights Reserved. Sotheby’s International Realty® is a registered trademark. Each Sotheby’s International Realty office is independently owned and operated, except those operated by Sotheby’s International Realty, Inc. This material is based upon information which we consider reliable but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. All offerings are subject to errors, omissions, changes including price or withdrawal without notice. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Equal Housing Opportunity.

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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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