Palm Beach Home Sold for $10.3 million, Owned by James Patterson

PALM BEACH, Florida — A Palm Beach home owned by the best-selling author James Patterson has recently sold for $10.3 million, according to the Palm Beach County Clerk and Comptroller.

James Patterson, who bought the five-bedroom, seven-and-a-half-bathroom home in 1999 for $5.2 million, is moving his family to another Palm Beach oceanfront mansion that he purchased for $17.4 million last year.

The Everglades Island home at 686 Island Drive was bought by Robert Greenhill of Greenwich, Connecticut.

The plantation-style colonial home has about 11,000-square-feet, a terrace surrounding a heated pool and spa, built-in barbecue and a dock with a boat lift.

It was listed for $14.95 million, and has a total market value of $11.83 million according to the property appraiser's office.

Built in 1933, the property also has 136-feet of frontage on the Palm Beach, Florida, Intracoastal Waterway.

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Coming soon for all your Mortgage and Loan needs is Loan Rise.

West Palm Beach Home Insurance Information

5 Things About Florida Homeowners Insurance



This Video is helpful for West Palm Beach Homeowners or for anyone in Palm Beach County, Florida.
If you watch this Video you will find some guidelines to get the best coverage at the best price -- and not get dropped by your insurer. Florida Homeowners Insurance is needed when a Mortgage is in place for a Florida Home.

Florida Homeowners insurance policies are an important aspect of home ownership in Florida. When you are purchasing Florida home, the insurance can protect both you, your family and your home.

Feel free to Contact US HERE to find your Real Estate in West Palm Beach.

Coming soon for all your Mortgage and Loan needs is Loan Rise.

Florida Existing-Home Sales

West Palm Beach Homes are continuing to sell. News is that existing-home sales remained at elevated levels in May on buyer response to the tax credit. Most Florida real estate consultants characterized this by seeing stabilizing home prices and historically low mortgage interest rates. Gains in the West and South were offset by a decline in the Northeast; the Midwest was steady.

Existing-home sales, which are completed transactions that include single-family homes, townhomes, and condominiums were at a seasonally adjusted annual rate of 5.66 million units in May. That is down 2.2 percent from an upwardly revised surge of 5.79 million units in April. May closings are 19.2 percent above the 4.75 million-unit level in May 2009; April sales were revised to show an 8.0 percent monthly gain.

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Coming soon for all your Mortgage and Loan needs is Loan Rise.

Home, Condo Sales Rise & Loanrise.com

West Palm Beach, Florida - Sales of existing homes and condos rose in all three South Florida counties and statewide in April, according to some figures from Florida Realtors.

The median price of homes in all three counties also rise.
West Palm Beach Homes saw the biggest year-over-year jump, with 918 homes sold – up 35 percent from a year ago, when 681 homes sold. The median sales price was up 2 percent, to $239,100 from $234,400.

Condo sales in West Palm Beach rose 39 percent, to 1,024 units from 735 in April of 2009. The median sales price rose 4 percent, to $102,000 from $98,200.

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Coming soon for all your Mortgage and Home Loan needs is Loan Rise.

West Palm Beach, the right Retirement Spot

West Palm Beach Homes For Sale Tips

Find a place that fits your budget and interests, near West Palm Beach.

Most people retire in the same town where they spent their final working years, but some seek out a new locale with ski slopes or perhaps Florida Ocean Views. Of course, budget is a big concern. Many people move close by and move to a smaller home or condo where they have less upkeep.
Consider the State Tax is hefty by many States. West Palm Beach, Florida is a prime area for people to retire.

Cost of living. Moving to a place with lower housing, food and entertainment costs is an obvious way to stretch your nest egg. "A lower cost of living is the major factor behind retirement mobility," says David Savageau, author of “Retirement Places Rated.”

Twenty-two percent of Americans age 51 or older who moved between 1992 and 2004 did so to save money, according to a recent analysis by the Center for Retirement Research at Boston College.
Also the weather in West Palm Beach is terrific to live and play.
Contact us to find your Real Estate in West Palm Beach.

Real Estate Consulting

West Palm Beach, FL 33401 

Prepare Your House For Sale

Is your house on the market? If yes and you want to sell is as fast as humanly possible, get it very clean. In this Market you need every advantage over the competition. So a Cleaner Home will make it easier to sell.
One idea is before you have your first showing, start in the front of the Home and go through it with a notepad, making notes of everything that needs to be cleaned or repaired.
Kitchens and bathrooms are very important on the list of what People like when they Buy.
A serious buyer may want to have a professional home inspector check your house before making an offer.
Some Sellers are going the route with a professional Home Stager. Home Staging has stats that say it sells homes faster than an empty home.
Palm Beach County has many Staging Companies.
We also recommend North Palm Beach Homes to find the right Real Estate Professional for you.

West Palm Beach Homes Information

The Director of research for MetLife's Mature Market organization, John Migliaccio, has introduced that more than 78 million baby boomers, born between 1946 to 1964, will reach age 55 over the next 10 years.

Mr. Migliaccio and some other Analysts are suggesting this dominant group of home owners will lead the Real Estate industry out of its long slump.

West Palm Beach Homes For Sale want to note how many of the Baby Boomers will want to retire in Florida, especially Palm Beach County.

Particularly since Palm Beach County has some beautiful communities with extensive amenities, including golf courses and gyms.
Information by:
Real Estate Consulting

West Palm Beach, FL 33401