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"AT THE BLUFFS" Newsletter"
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WHAT'S SELLING AT THE BLUFFS-NOVEMBER 2020
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Recent Sales Update
Below is a year to date comparison of closed sales comparing the first 10 months in 2019 to 2020. The Ocean North has seen the largest increase (over 400%) in the number of sales, mostly due to the building and balocony restoration project being completed this year.
The Ridge at the Bluffs - 25 homes sold year to date compared to 24 homes sold in the same period of 2019. Sales prices range this year from $450,000 to $760,000.
The River - 17 homes sold year to date compared to 20 homes sold in the same period of 2019. Sales prices ranged from $501,000 to $810,000 for non-intracoastal properties and two sales on the Intracoastal went for $1,280,000 and $1,550,000.
The River North - 11 townhomes sold year to date compared to 15 townhomes sold in the same period of 2019. Sales prices range this year from $255,000 to $330,000.
The Lakes at the Bluffs - 17 townhomes sold year to date compared to 21 townhomes sold in the same period of 2019. Sales prices range this year from $252,000 to $362,500.
The Marina at the Bluffs - 29 condos sold year to date compared to 30 condos sold in the same period of 2019. Sales prices range this year from $310,000 to $498,500.
The Ocean South - 5 condos sold year to date compared to 9 condos sold in the same period of 2019. Sales prices range this year from $311,000 to $465,000.
The Ocean North - 14 condos sold year to date compared to 3 condos sold in the same period of 2019. Sales prices range this year from $270,000 to $550,000.
Tom Waidelich
Jupiter Coastal Properties
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RECENT BLUFFS SALES
Bluffs Ridge-Sold
Address Sale Price Sale Date Dom
108 Seashore 570,000 10/16/2020 3
109 Knoll Way 540,000 10/01/2020 43
170 Ridge 720,000 09/15/2020 1
245 Ridge 605,000 08/12/2020 1
154 Beach Summit 580,000 08/12/2020 30
137 Seashore 648,800 08/11/2020 136
Bluffs River-Sold
Address Sale Price Sale Date Dom
239 River Park 540,000 11/12/2020 1
307 Leeward 540,000 11/06/2020 5
361 River Edge 585,000 11/05/2020 18
176 Harbourside 1,550,000 10/16/2020 14
363 River Edge 575,000 09/28/2020 2
365 River Edge 700,000 09/11/2020 10
322 Natchez 500,000 09/08/2020 19
River North Townhouses-Sold
Address Sale Price Sale Date Dom
3205 32nd Ct 280,000 10/23/2020 3
3231 32Nd Ct 330,000 09/10/2020 16
3227 32Nd Ct 255,000 09/08/2020 25
3025 30Th Ct 275,000 08/24/2020 4
3203 32Nd Ct 280,000 08/14/2020 58
The Lakes-Sold
Address Sale Price Sale Date DOM
2120 21St Ct 270,000 11/13/2020 23
1926 19Th Ct 275,000 10/29/2020 2
1162 11Th Ct 265,000 09/10/2020 4
1108 11Th Ct 310,000 08/28/2020 12
1144 11TH Ct 335,000 08/19/2020 42
2105 21St Ct 280,000 08/13/2020 93
1144 11Th Ct 335,000 08/19/2020 42
1402 14Th Ct 362,500 08/10/2020 64
Bluffs Marina-Sold
Address Sale Price Sale Date DOM
1301 Tidel Point 205 479,900 11/09/2020 36
2301 Marina Isle 202 473,000 11/06/2020 2
701 Seafarer Cir 203 325,000 11/02/2020 8
2301 Marina Isle 305 340,000 10/14/2020 22
1101 Seafarer Cir 201 310,000 10/05/2020 101
2301 Marina Isle 303 470,000 09/16/2020 5
1501 Marina Isle 305 370,000 09/10/2020 91
2001 Marina Isle 101 467,500 09/09/2020 59
901 Seafarer Cir 203 320,000 09/03/2020 157
Address Sale Price Sale Date DOM
601 S Seas Dr 304 425,000 10/29/2020 5
301 S Seas Dr 103 311,000 10/14/2020 3
401 S Seas Dr 101 330,000 09/11/2020 500
201 S Seas Dr 403 465,000 06/19/2020 100
201 S Seas Dr 304 400,000 04/07/2020 4
Bluffs Ocean North-Sold
Address Sale Price Sale Date DOM
201 ocean Bluffs 504 550,000 11/06/2020 38
301 Ocean Bluffs 304 500,000 09/25/2020 47
301 Ocean Bluffs 404 430,000 06/09/2020 81
101 Ocean Bluffs 204 480,000 06/05/2020 35
201 Ocean Bluffs 503 485,000 05/05/2020 12
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LEGAL CORNER with ANDREW PINEIRO, Esq.
How can I cancel a real estate contract?
The answer is, it depends. It depends on what the Contract for Sale and Purchase allows.
A commonly used contract form in Palm Beach County is the Florida Realtors/Florida Bar "As Is" Residential Contract for Sale and Purchase (the "Contract"). Paragraph 12(a) of the Contract, titled "Property Inspection; Right to Cancel," states:
Buyer shall have ___ (if left blank, then 15) days after Effective Date ("Inspection Period") within which to have such inspections of the Property performed as Buyer shall desire during the Inspection Period. If Buyer determines, in Buyer's sole discretion, that the Property is not acceptable to Buyer, Buyer may terminate this Contract by delivering written notice of such election to Seller prior to expiration of Inspection Period. If Buyer timely terminates this Contract, the Deposit paid shall be returned to Buyer, thereupon, Buyer and Seller shall be released of all further obligations under this Contract. . . . Unless Buyer exercises the right to terminate granted herein, Buyer accepts the physical condition of the Property and any violation of governmental, building, environmental, and safety codes, restrictions, or requirements, but subject to Seller's continuing As IS Maintenance Requirement, and Buyer shall be responsible for any and all repairs and improvements required by Buyer's lender. [Emphasis added].
The Buyer's right to cancel is clear and unequivocal. The Buyer can cancel at his or her "sole discretion" and the Buyer's deposit is fully refundable. Although clear on its face, this clause is the source of much legal wrangling. Buyers need to be timely with their written notice. And, Buyers must be clear and concise in their termination language.
A Buyer that makes a termination of contract contingent on Seller making a small repair has been held to be ineffectual as a termination under paragraph 12(a). What seems like a straightforward clause often causes much confusion, consternation, and even litigation.
In addition to the Buyer's absolute right to cancel contained in the inspection clause, there are several other contingencies that may allow a Buyer or Seller to cancel the Contract under certain circumstances, such as the financing contingency and the title/survey defect provisions.
Bottom Line: A Buyer has the absolute right to cancel the Contract within the inspection period if the cancellation is made timely and unequivocally. If, as a Buyer, you find that you want to terminate a Contract outside of the inspection period, there are other provisions in the Contract that may provide relief, depending on your particular circumstances.
Andrew Pineiro, Esq., Pineiro Byrd PLLC, 4600 Military Trail, Suite 212, Jupiter, Florida 33458, [email protected].
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Jupiter Coastal Properties
1001 Seafarer Cir 206-Seasonal Rental
1301 Seafarer Cir 205-Sold
1101 Seafarer Cir-502-Sold
1001 Seafarer Cir-104-Sold
Harbour Oaks-Sold
Windsor Park-Abacoa
1207 N Community-Under Contract
Jupiter Lakes
326 Jupiter Lakes Blvd 2305-A-Sold
326 Jupiter Lakes Blvd 2307-B -Sold
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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.
VOL 98
Last update 11/16/2020
This is not a solicitation if your property is currently listed with a broker.
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