In the past decade, the Harris Poll listed Florida as the No. 1 state where most Americans would like to live. This favoritism spanned all age groups, from Millennials to Generation X, Baby Boomers to the 70-and-over Great Generation. Both men and women want to live in Florida.
So, welcome home – the Palm Beaches are a great place to live, work and play. The county’s high school graduation rate is the highest in Florida, and Port St. Lucie is rated by WalletHub, as one of the best 100 cities to start a business in the United States. Palm Beach County is known around the world around for its affluent population and leisure lifestyle, but it’s also a center of business, trade, agriculture, technology and health care/life sciences innovation.
ABOUT PALM BEACH COUNTY
With about 1.4 million people calling it home, Palm Beach County is Florida’s third most populated area, and growing, with a projected population nearing 2 million by 2050. Palm Beach County is also Florida’s wealthiest county, with a per capita personal income of $53,092, according to Forbes Magazine report, which also creates the county as #19 in Best Places for Business and Careers.
Located on the Atlantic Seaboard and bordered on the west by Lake Okeechobee and the Florida Everglades, Palm Beach County is permeated with rivers, lakes, canals, and the famous Intracoastal Waterway. The Indian River is known for the outstanding, trademarked citrus grown along its banks.
The Port of Palm Beach, located in Riviera Beach, connects to the Atlantic Ocean through the Lake Worth Inlet, and is the fourth-busiest container port in Florida and eighteenth in the nation.
In addition to its largest municipal employer, the Palm Beach County School District, other service employers include Tenet Healthcare, the Palm Beach County Commission, NextEra Energy, Florida Atlantic University, the Veterans Administration, and Bethesda Memorial Hospital. Some of the county’s principal private employers are Florida Crystals, Sikorsky Aircraft, U.S. Sugar, Tyco, IBM, Wells Fargo Bank, The Breakers Hotel and Lockheed Martin.
Palm Beach County is a worldwide destination for those seeking mild winters and plenty of outdoor activities, sporting events, concerts and festivals. Palm Beach is an equestrian county; entire communities devoted to the lifestyle, and horse events range from the princely sport of polo to the quintessentially American sport of rodeo. The eastern Atlantic side of the county offers open ocean boating, fishing and diving, plus some of the most beautiful beaches in the world. The county has over 150 golf courses and hosts two championship tournaments. Inland, there are numerous parks with everything from family playgrounds to technical hiking trails, canoeing, freshwater fishing, camping, and more.
For those who enjoy eco-tours and wilderness excursions, Florida offers the River of Grass, the only such ecosystem in the world. Spectacular wildlife abounds in the Everglades, as well as in Florida’s many pine woodlands, cypress hammocks, and central prairies. Alligators, once endangered, are now common and numbers are managed through an annual hunting season. Bird watchers will find Florida to be a paradise, especially during fall and spring migrations, when millions of birds from across North America follow the Eastern Migration Route through Florida to South America and back again.
THE HOUSING MARKET IN PALM BEACH COUNTY
Florida is experiencing a strong housing recovery, with many buyers from overseas offering cash for high-end homes across South Florida. According to CNBC, 21 percent of all U.S. real estate sold to overseas buyers was in Florida. In November 2015, the Sun-Sentinel reported that a surge in single-family housing sales during the year is making for buyer competition over available houses.
The Realtors Association of the Palm Beaches (RAPB) reported in November 2015 that the median sale price of a single family home was $295,000, up 11.3 percent from November 2014. Sales in the county were brisk, with houses selling on average within 37 days of being listed for sale. (Continue to full article: The Housing Market In Palm Beach County)
TYPES OF HOUSING IN PALM BEACH COUNTY
South Florida offers a wide range of housing options, including apartment buildings, single family homes, townhomes and villas, condominiums, and mobile/manufactured homes.
Townhomes, villas and condominiums are typically built as a smaller village within a larger developed community, sometimes centered around a particular lifestyle like country club or waterfront. Condominiums may be large apartment-like buildings or collections of smaller attached buildings. Buying this form of housing typically means taking on responsibilities as a member of the property owners or homeowners association (POA or HOA), with monthly and/or annual fees that support selected common costs. (Continue to full article: Types of Housing in Palm Beach County)
COMMUNITY DEVELOPMENTS IN PALM BEACH COUNTY
In January 2016 the website www.rent1sale1.com reported that 42 builders are launching or currently in construction of 52 new communities across Palm Beach County. From fun, family-focused developments near A-rated school districts to urban housing options that appeals equally to young professionals and downsizing retirees alike, new homes from builders like GL Homes, DL Horton and Lennar are providing a great range of options to fill housing needs throughout the county.
If you are looking for a family-friendly townhome community then you may like Charleston Commons by Lennar. Located in West Palm Beach, they offer five, elegant two-story designs to choose from, and buyers can expect to find Lennar’s “everything included” package of top appliances, a community pool and recreation center, kid-friendly recreation areas. (Continue to full article: Community Developments in Palm Beach County)
URBAN DEVELOPMENT IN PALM BEACH COUNTY
New housing is not only going on in suburban areas, downtown urban development is booming in West Palm Beach, Boca Raton, and most coastal towns with a bevy of mixed-used housing, luxury apartments and luxury condominiums being built to meet the needs of both young urban professionals and retirees who want to experience the fun and convenience of living in lively urban centers. (Continue to full article: Urban Development in Palm Beach County)
TRANSIT ORIENTED DEVELOPMENTS IN PALM BEACH COUNTY
South Florida’s commuter corridor is experiencing a major upgrade, with construction underway on both All Aboard Florida’s Brightline (connecting Miami, Ft. Lauderdale and West Palm Beach with Orlando) and the expanded TriRail Coastal Line (Downtown Jupiter to Downtown Miami). These two rail lines run through urban West Palm Beach and are bringing major housing developments with them. (Continue to full article: Transit Development in Palm Beach County)
DIVERSE HOUSING OPTIONS IN PALM BEACH COUNTY
Palm Beach County offers a high diversity of housing options, in prices ranging from highly affordable to those only affordable to the wealthy.
Many cities in Florida began as small towns, but with the advent of inexpensive air conditioning in the 1960s, a housing boom began that hardly slowed since. In one town you may find historic Art Deco homes from the 1920s, vintage ranch style homes from the 1960s and ‘70s, and modern condominiums, townhouses, and updated homes with all the amenities expected by today’s homebuyer. (Continue to full article: Diverse Housing Options in Palm Beach County)