"AT THE BLUFFS"
WHATS SELLING AT THE BLUFFS- April 2023
Sales Update for First Quarter 2023

The Ridge at the Bluffs had 6 homes sold in the first 90 days of 2023, the same number of homes sold in the first 90 days of 2022. Sales prices ranged from $850,000 to $1,280,000 and one just closed on April 3rd for $1,600,000, a new record high for the Ridge.

The River had 3 homes sold in the first 90 days of 2023, compared to 5 sold in the first 90 days of 2022. Sales prices ranged from $839,000 to $1,550,000.

The River North had 1 townhome sold in the first 90 days of 2023, compared to 2 sold in the first 90 days of 2022. The sale price was $435,000.

The Lakes at the Bluffs had zero townhomes sold in the first 90 days of 2023, compared to 3 sold in the first 90 days of 2022. Sales prices ranged from $400,000 to $500,000 in 2022.

The Marina at the Bluffs had 12 condominiums sold in the first 90 days of 2023, compared to 10 sold in the first 90 days of 2022. Sales prices ranged from $532,000 to $750,000.

The Ocean South had 4 condominiums sold in the first 90 days of 2023, compared to 7 sold in the first quarter of 2022. Sales prices ranged from $560,000 to $750,000.

The Ocean North had zero condominiums sold in the first 90 days of 2023, compared to 3 sales as the first 90 days of 2022. Sales prices ranged from $585,000 to $775,000 for 2022.

Current Inventory of Homes for Sale
Ridge - 4 homes for sale out of 618.
River - 1 home for sale out of 363.
River North - 3 townhomes for sale out of 312.
Lakes - Zero townhomes for sale out of 392.
Marina - 8 condominiums for sale out of 660.
Ocean South - 3 condominiums for sale out of 198.
Ocean North - 4 condominiums for sale out of 120.
 
For the most current information on "Active Listings", click on the purple links below or go to our website at Jupiter Coastal Properties and on the home page search under Quick Search. These links are updated 24/7 to provide you with the latest information. 

Regards from Paradise!

Tom Waidelich
Jupiter Coastal Properties 
Thomas Waidelich
Direct: 561-373-9653
Office 561-745-149
tw@jupitercoastalproperties.com
www.jupitercoastalproperties.com
Bluffs resident for over 18 years!
RECENT BLUFFS SALES
 
Bluffs Ridge-Sold
Address..........Sale Price Sale Date DOM
136 Sand Pine.....1,600,000...04/06/23....35
106 Sea Steppes 1,075,000 ..03/27/23 ...33
128 Ocean Pines....900,000...03/24/23.....9
122 Sand Pine.....1,280,000...03/10/23...114
101 Dunes Edge ...850,000 ...03/08/23.. .49
102 Sea Steppes 1,075,000 ...02/23/23 ..42
114 Ridge Rd.......1,110,000....01/25/23...32
Bluffs River-Sold
Address.......... Sale Price Sale Date DOM
203 E River Park..1,275,000...02/23/23.......23
114 Inner Harbour..839,000....02/27/23......173
219 River Park.....1,550,000...01/31/23.......51
322 River Edge ...1,800,000...11/18/22.......50
302 River Edge ...1,100,000...10/21/22........3
River North Townhouses-Sold
Address...... Sale Price Sale Date DOM
3050 30Th Ct....435,000.....02/28/23.....23
2701 27Th Ct....410,000.....07/08/22.....30
2903 29Th Ct....422,000.....06/28/22......3
2403 24Th Ct....495,000.....06/10/22......7
The Lakes-Sold
Address     Sale Price   Sale Date  DOM
1222 12th Ct....500,000.....04/10/23…..45
2310 23rd Ct....475,000.....12/29/22…...8
1913 19th Ct....430,000.....12/21/22.....13
2024 24th Ct....400,000.....11/17/22.....44
2328 23rd Ct....450,000.....10/24/22......4
Bluffs Marina-Sold
Address............. Sale Price Sale Date DOM
1101 Seafarer 201......600,000...03/31/23....37
2001 Marina Isle.306..640,000...03/31/23....19
501 Seafarer 406........480,000...03/31/23....43
801 Seafarer 404........540,000...03/31/23...137
2201 Marina Isle 501..750,000...03/22/23....52
1001 Seafarer 102......575,000...02/28/23.....1
1001 Seafarer 405......675,000...02/27/23....33
2201 Marina Isle 504..599,000...02/16/23....22
1201 Seafarer 506......629,900...02/07/23....21
1001 Seafarer 406......570,000...02/07/23.....0
Bluffs Ocean South-Sold
Address         Sale Price  Sale Date DOM
101 S Seas 404..750,000....03/30//23......7
201 S Seas 302..645,000....03/01//23.....64
301 S Seas 201..750,000....02/21//23.....44
701 S Seas 204..560,000....02/02/23......91
Bluffs Ocean North-Sold
Address................ Sale Price Sale Date DOM
401 Ocean Bluffs 501 ..710,,000...10/28/22.......29
301 Ocean Bluffs 506 ..775,,000...08/01/22.... ..14
301 Ocean Bluffs 506 ..675,,000...03/25/22...... .3
201 Ocean Bluffs 403 ..759,000....03/22/22. ......1
Tom's Featured Listings

BLUFFS RIDGE
102 Sea Steppes Ct
Sold $1,075,000
128 Ocean Pines Terrace
Sold $900,000
BLUFFS MARINA
2501 Marina Isle Way 303
New on the Market
Infinity Water View
1101 Seafarer Cir Unit 101
Sold $532,000
2201 Marina Isle Way 504
Sold for Full Price $599,000
BLUFFS OCEAN SOUTH
101 South Seas Dr 404
Sold $750,000
BLUFFS OCEAN NORTH
301 Ocean Bluffs Blvd 302
New on the Market
Richard F. Whalen-President
MLS#2468314
2000 PGA Blvd. Suite 4440
Palm Beach Gardens, Fl. 33408

Direct/Cell: 561-371-3394
Office: 561-946-1111
LEGAL CORNER with ANDREW PINEIRO, Esq.

Question: I own a residential condominium unit in South Florida. I heard that collecting for reserves from unit owners would become mandatory in 2024. Is this true?

Answer: On May 26, 2022, Governor DeSantis signed into law Senate Bill 4-D. SB 4-D was a direct result of the tragic Surfside condominium building collapse that occurred in June 2021. The bill seeks to protect the long-term structural safety and integrity of multi-story buildings in Florida. Among other things, SB 4-D makes it mandatory for all Florida condominium and cooperative buildings, three stories or higher, to undergo milestone inspections, structural inspections, and to no longer allow for the waiver or reduction in the funding of reserves. Here are some of the more important aspects of the legislation:
 
1. If a building contains at least three habitable stories, a “milestone inspection” is now required to be conducted once the building reaches 30 years of age (and another milestone inspection every 10 years after that).
 
2. For buildings that have yet to reach 30 years of age, the initial milestone inspection must be completed no later than December 31st of the same year in which the building reaches 30 years of age.
 
3. If a building received its Certificate of Occupancy on or before July 1, 1992, then the association must conduct its first milestone inspection before December 31, 2024.
 
4. If a building is situated within 3 miles of a coastline, then the association must have a milestone inspection performed no later than December 31 of the year in which the building reaches 25 years of age, which age is measured from the date the Certificate of Occupancy was issued. Following the initial milestone inspection, additional inspections must also follow every 10 years.
 
A “milestone inspection” must be conducted by either a licensed architect or an engineer authorized to practice in Florida for purposes of attesting to the life safety and adequacy of the structural components of a building.
 
The inspector must prepare and submit reports related to the inspection that will be delivered to the association and to the building department for the local government that has jurisdiction. The reports must be maintained by the association for 15 years, and unit owners (including prospective purchasers) will have the right to inspect the report.
 
Associations will also be required to conduct “structural integrity reserve studies” for purposes of ensuring that necessary future structural repairs of the common elements are appropriately funded when it comes time to undertake necessary work. Structural integrity reserve studies must be completed (at least) every 10 years after the condominium’s creation with the initial study being completed by December 31, 2024, by a licensed architect or engineer. 
 
For each building on a condominium property that is three stories or higher in height, a structural reserve study based on a visual inspection of the common areas must be completed for the roof, load-bearing walls and other primary structural members, floor, foundation, fireproofing and fire protection systems, plumbing, electrical systems, waterproofing and exterior painting, windows, and any other item that has a deferred maintenance expense or replacement cost that exceeds $10,000 and the failure to replace or maintain such item negatively affects one or more of the above listed components.
 
These changes will increase the cost of condominium ownership for most owners. Older condominiums that have previously waived or reduced reserves to make ownership more “affordable” will have to pay significant assessments to fund and/or catch-up on underfunded reserves.
 
The summary above is a very abbreviated snapshot of SB 4-D. If you have any questions regarding how this legislation may affect you, contact a real estate or condominium law lawyer to better understand your rights and/or obligations. 

Andrew Pineiro, Esq., Pineiro Byrd PLLC, 4600 Military Trail, Suite 212, Jupiter,
Jupiter Coastal Properties

Real Estate Sales and Rentals 
 
All information and Data is compiled from MLS records and is deemed to be reliable but not guaranteed. Sold information does not include private sales transactions.  Neither articles, advertisers nor non-advertisers should not be considered as endorsements of any product, business, service or person.  

Sales Last Updated 04/11/2023 Vol 119