With its close proximity to the Gulfstream waters off Florida’s East Coast, The Palm Beaches are the undisputed epicenter for word-class angling. Sports fishermen from around the globe are drawn to the bountiful Atlantic waters and the Bahamas nearby. Whether it’s flyfishing for bonefish on the Bahamian flats, deep dropping along the continental shelf for tile fish or offshore trolling for big game tuna or billfish, experienced anglers find the perfect homeport in The Palm Beaches.
World-Class Fishing Destination
The Palm Beaches are a hot spot for some of the most sought-after species and offer a variety of fishing excursions year-round. From kite fishing rigs extended from towering outriggers to electronic deep-drop reels for bottom fishing, every day brings a new adventure for serious anglers. Plentiful local catches include mahi mahi, grouper, tripletail, kingfish, and snapper. For the ultimate thrill, The Palm Beaches are also a part of Sailfish Alley, where record-size sailfish congregate closest to shore. Inshore waters, bridges and local structures attract tarpon, redfish, snook, pompano, and more.
Top-Rated Events and Tournaments
The Palm Beaches are also well-known for their annual fishing tournaments, bringing the sport’s top fishing teams to the area to compete in high-stakes tournaments for impressive rewards. From November through May, numerous annual Sailfish and Billfish tournaments occur along the east coast, including the Silver Sailfish Derby in January. For those looking to target game species like wahoo, kingfish, and mahi mahi, the KDW Classic in June, the Kingfish Mayhem Pro Series, and more provide plentiful competitions.
Additionally, the Palm Beach International Boat Show is a favored yearly event, featuring more than $1.2 billion worth of yachts and accessories. Lining the marinas at Flagler Drive, this event brings hundreds of boats from around the world, including superyachts nearly 300 feet in length.
Intracoastal Waterway Boating Access
The waterways within The Palm Beaches are world-renowned for both their scenic beauty and their connectivity. Two major inlets lead from the Atlantic Ocean to the Intracoastal Waterway, allowing easy access to any inshore or offshore adventure. Not only is Palm Beach Gardens a destination unto itself, but the area’s prime location puts the city near other world-class locales. Day trips to Fort Lauderdale and The Bahamas are a breeze, just 37 and 55 nautical miles away respectively. The Florida Keys are also a popular weekend destination, with vibrant city life and numerous fishing excursions to explore.
Waterfront Restaurants Abound
After a long day spent out on the water, The Palm Beaches’ reputation for delectable fine dining is sure to please any discerning palate. Reminisce the day’s activities while watching the sunset over the water at Sailfish Marina, River House, and Seasons 52. Or cruise over to Jupiter’s 1000 North, Love Street, or U-Tiki to enjoy tropical libations while planning the next offshore adventure.
Underwater and Above Water Adventures
Whether paddle boarding the Intracoastal Waterway or snorkeling offshore, a long list of watersports guarantees plenty of entertainment for visiting family and friends. The area’s warm, clear waters boast one of the most diverse marine ecosystems in the world, ensuring spectacular diving and spearfishing experiences for any age and skill level. Whether you’re swimming alongside sea turtles or exploring the spectacular coral formations at Peanut Island, Coral Cove Park, and The Breakers, unforgettable moments abound for the entire family. Experienced divers can venture even further to explore Phil Foster Park’s underwater sculptures, and Cable Crossing’s natural coral reefs and caves. The reefs and ocean waters are also popular destinations for spearfishing, including Palm Beach Triangle, Nunns Ledge, and Larsens Valley.
New Marina-Front Residences Make an Ideal Home Port
Mere minutes to the Palm Beach Inlet, Landing at PGA Waterway provides the rare opportunity for a waterfront homeport, where residents can lease a limited collection of boat slips within their own backyard. Accommodating vessels up to 75 ft. in length, future residents will enjoy an unprecedented waterfront lifestyle, with resort-style amenities, including a 100-foot infinity-edge heated pool, a waterfront private Intracoastal Waterway park, a multi-level Clubhouse, and a myriad of attentive services that ensure luxury at every turn.
From a private entry foyer and insulated glass to multi-zone air conditioning systems and smart home automation, every aspect of these 98 spacious condominium residences has been designed for energy efficiency and convenience. Each ultra-luxe three, four, and five-bedroom residence is designed for optimal enjoyment and entertainment, with soaring floor-to-ceiling windows and private terraces providing elevated and unobstructed views of the picturesque Intracoastal Waterway. Landing at PGA Waterway’s residential levels will rise above two floors of parking, where each resident has two dedicated parking spaces with service available for EV rapid car charging stations.
Residences at Landing at PGA Waterway start at $3.9M with pre-sales to commence June 1st. The project is slated to break ground in the third quarter of 2022. Join the VIP list to stay updated and be included as more information is released. Please visit LandingPGAWaterway.com or call 561-403-1011 for more information.
As Featured in Forbes, Contributed by Peter Lane Taylor.
Link to read the full article.
Contrary to various public misconceptions, Mar-a-Lago—the exclusive Atlantic oceanfront resort that frequently served as former President Donald Trump’s “Winter White House”—didn’t make Palm Beach, Florida’s lavish real estate and lifestyle famous for the first time around.
The Sunshine State’s “Playground for the Wealthy” long has been uber-posh, dating back to the late 1880s when oil tycoon Henry Flagler first built The Breakers and The Royal Poinciana Hotel which eventually became the centerpieces of his luxury, southern hospitality empire catering to northern old money and spawning the now infamous “Billionaire’s Row”.
So it shouldn’t come as a surprise either that even after Trump’s 2020 Oval Office departure, Palm Beach’s luxury real estate market isn’t showing any signs of decelerating even if Air Force One isn’t landing in town anymore.
Writ large, part of the froth is because South Florida in general has been on a bull market run since even before the pandemic.
Low taxes, warm weather, business friendly regulations, and burgeoning innovation ecosystems were already luring finance firms, tech start-ups, and executives to Miami, Fort Lauderdale, Palm Beach, Tampa, and Orlando before 2020 as fast as California and New York could shed them. COVID-19 just widened the highways and threw away the speed limits.
The compounding in-migration over past few years, however, has resulted in one of the most unsubtle real estate ironies here in decades: after years of booms, busts, and frequently tumbling prices, South Florida now has a big-time housing and inflation crisis that few people were anticipating.
At the highest ends in places like Palm Beach—a.k.a. “Wall Street South”—where billionaires, CEOs, sports stars, and celebrities like Tiger Woods, Sylvester Stallone, Michael Jordan, Bill Gates, Larry Ellison, Steve Wynn, Jon Bon Jovi, and Ken Griffin have been digging in for years, the supply crunch is even more acute.
Since the beginning of the pandemic, Palm Beach County’s luxury, single-family homes sales—including Palm Beach, Palm Beach Gardens, West Palm Beach, and Palm Beach Islands—have increased by 53.5% year-over-year while the average time on market has plummeted to 58 days in the first quarter of 2022, a 57.2% year-over-year drop. In North Palm Beach and Palm Beach Gardens specifically, where only 89 active single-family listings are currently active, home sales are up 68% year-over-year with total volume jumping from $678 million to $1.34 billion.
Similarly eye-popping, the numbers for Palm Beach County’s mid- and high-rise condo sub-market aren’t far behind: average days on market decreased by 41% in 2021 over the same period in 2020, while first quarter 2022 luxury condo closings are up 54% from 2020.
Developers and real estate investors are rightly trying to keep up.
Related Group recently announced plans to bring a new Ritz-Carlton Residences high rise to West Palm Beach, while South Flagler House, a $400 million luxury condominium, is on track to become one of the most expensive residential developments in the U.S.
Meanwhile, multi-million dollar condo projects that have been under construction for years are well-timed to start absorbing buyers starting in the next few months, like Amrit Ocean Resort & Residences, SeaGlass, Nautilus 220, Icon, La Clara, Forte, and Alba.
Notwithstanding all of this new inventory, however, a lot of the long-term drivers behind Palm Beach’s supply crisis aren’t easily tractable—which other similarly tight and tony zip codes in Silicon Valley, Long Island, and Los Angeles could learn from. Many of the buildings about open up were sold out months ago or pre-sold pre-pandemic so they’re not even putting a dent in existing or future demand.
Land is also scarce, sprawling, multi-generational estates are common, and most residents who have lived here for years whether full or part-time roundly agree that if you already own one of the few waterfront properties available why not hold onto it, especially when price appreciation is outpacing the bull stock market?
Each of these factors individually is an incentive for developers to build. But for locals collectively, they’re a glaring red light not to sell, particularly when it comes to single-family homes and estates. There’s also no small bit of NIMBYism (“Not In My Back Yard”) invisibly at work here when it comes to the prospect of denser, more overtly visible developments.
All of which means that every new Palm Beach luxury real estate project which adds new inventory while simultaneously satisfying the increasing demand for larger floor plans, hotel-style amenities, and waterfront views at scale is great for prospective buyers and companies looking to relocate here—and even better for the developers building them.
This fundamental shift—from South Florida’s historically dense condo model to full-floor, all-glass, single-family, high-tech, high- and mid-rise “residences”—a.k.a. “homes in the sky”—is no small turning point. Developers will need to change their design, technology, and financing paradigms. Buyers will need to be patient.
What is clear to anyone paying attention, however, is that these trends for more space, more resort-level, work-from-home luxuries, better, high-touch service, deeper experiences, and longer horizon investing on the part of buyers are here to stay.
Given this context, the announcement by long-time Palm Beach-based developer Catalfumo Companies that it’s just launched the Landing at PGA Waterway is huge news for one of America’s most inventory starved cities.
“Palm Beach Gardens has become the ultimate, luxury real estate enclave in South Florida,” says founder Dan Catalfumo. “It’s now attracting even more refined and notable individuals relocating to the area. And from this came the inspiration for Landing at just the right time.”
The Landing will offer 98 flow-through three, four, and five-bedroom residences ranging from 3,100 to 5,000 square feet spread out over three, 6-story buildings on the last remaining 11 contiguous acres of open land in Palm Beach Gardens directly on the Intracoastal Waterway with yacht access to Lake Worth, Palm Beach Inlet, and Jupiter Inlet.
The development will also include a private, 26-slip marina for power and sailboats up to 75′, 100-foot infinity-edge swimming pool, resort-style cabanas, a clubhouse, spa, guesthouse suites, high-tech in-unit features and finishes, and an on-site concierge.
If anything about the Landing at PGA Waterway sounds over-amenitized given Palm Beach’s supply crunch, it’s not.
“This is what today’s market and buyer demands,” says Kevin Spina, Sales Director of The Spina Team of Landing’s luxury “sky villa” approach to merging single-family home space and design with the amenities and service of a 5-star resort.
“Palm Beach County is now a flourishing hub as major companies are migrating to the ‘Wall Street of the South’. We are excited to bring Landing at PGA Waterway to this thriving market and anticipate that it will transform the way we understand and experience luxury waterfront living.”
Residences at Landing at PGA Waterway start at $3.9M with pre-sales to commence June 1st. The project is slated to break ground in the third quarter of 2022.
Rising above the shoreline of the Intracoastal Waterway, Landing at PGA Waterway has garnered the attention of many with its rare collection of spacious private residences and enviable homeport. For the task of designing the interiors of these three mid-rise condominiums, visionary Palm Beach Gardens developer Dan Catalfumo sought out Bob Martin and his firm The Decorators Unlimited. This world-renowned team’s designer touch will elevate Landing at PGA Waterway’s interior spaces, creating a compelling atmosphere that ensures admiration for decades to come.
“With such a unique setting within the renowned destination of Palm Beach Gardens, and the last remaining waterfront parcel on PGA Boulevard, Landing at PGA Waterway will soon become an unmatched residential sanctuary,” said Catalfumo. “Bob Martin and his team will elevate this community’s residences even further, with designs that will enhance every aspect of daily life.”
Internationally Renowned Luxury Design
Founded in 1985, Decorators Unlimited is dedicated to enhancing the way people live by magnifying how spaces look and feel. Locally based in Palm Beach Gardens, Florida, this premier, luxury interior design firm is internationally renowned for its unparalleled attention to detail, exquisite furnishes, and seamless final touches. With decades of relationships on their side, Martin’s team has created elegant spaces across the world, from the California coastline and colorful Caribbean Island to the majestic mountains of Colorado and the remote reaches of Russia.
Exceptional Waterfront Living
With just 98 residences available, Bob Martin and his team of experts designed every residence interior with an unwavering standard of contemporary comforts and exquisite style. Each expansive three, four, and five-bedroom residence will captivate owners with the stunning spaces that complement the natural beauty of Palm Beach Gardens. Soaring floor-to-ceiling windows and private terraces seamlessly connect the interior and exteriors, providing elevated and unobstructed views of the picturesque Intracoastal Waterway. Spacious great room designs maximize the views and provide optimal spaces for enjoyment and entertainment.
“Landing at PGA Waterway’s prime location along the Intracoastal allows the residences’ stunning panoramic views to be a focal point within our design plan,” said Bob Martin, President and Founder of Decorators Unlimited. “Each residence will flawlessly execute an inviting indoor/ outdoor Florida lifestyle with the finest in finishes and fixtures meticulously selected by our team.”
Residences Designed with Sophisticated Elegance
Accompanying each residence is an intuitive design that exudes luxury. Spacious great rooms with gourmet kitchens will feature professional-grade Wolf® and Subzero® appliances, and a wet bar in select residences. The private and tranquil Owner’s Suite features its own temperature control, double walk-in closets with custom-designed cabinetry, and a spa-like bath retreat that will include a free-standing soaking tub. Smart home automation control systems provide an unprecedented level of efficiency and seamless personalization at the touch of a button. Interior design services will also be available on demand for future homebuyers to customize their residence to fit their lifestyle, including the choice of unique designer finish palettes within the kitchen, owner’s suite, and bathrooms.
“Landing at PGA Waterway will elevate every aspect of daily life,” said Martin. “We look forward to providing another intuitive service that allows future homebuyers the opportunity to match their new home to their personal lifestyle and standards.”
Unparalleled Amenities Raise the Standard of Excellence
This unprecedented residential sanctuary also boasts a roster of bespoke amenities. The marina-front residences offer a limited number of boat slips for lease, accommodating vessels up to 75 feet in length. The tropical-style infinity-edge heated swimming pool and spa are surrounded by an inviting sun deck, poolside cabanas, and a yoga and meditation lawn—all overlooking the Intracoastal Waterway. A waterfront private park and pavilion enjoy gated access to a day dock, a private dog park, and gathering areas for outdoor grilling or entertainment. An extraordinary clubhouse includes a social club room, state-of-the-art fitness center, and convenient business center.
At Landing at PGA Waterway, all conveniences have been thoughtfully considered. Deliveries will be seamless, with a drone pad for automated delivery service and a keypad-accessed package and parcel delivery room equipped with refrigeration and warming drawers for optimal food deliveries. A 24-hour manned gated arrival entry and private access-controlled elevators into each residence ensure the ultimate peace of mind. Each resident will also enjoy two dedicated underground parking spaces, with service available for EV rapid car changing stations.
Residences at Landing at PGA Waterway start at $3.9M with pre-sales to commence June 1st. The project is slated to break ground in the third quarter of 2022. Join the VIP list to stay updated and be included as more information is released. Please visit LandingPGAWaterway.com or call 561-403-1011 to learn more.