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Tom Priester's Blog

By Tom Priester | Managing Broker in Jupiter, FL
  • Jimmy Buffett Returns to Paradise with a New Palm Beach Home

    Posted Under: Market Conditions in Palm Beach, Home Buying in Palm Beach, Celebrity Homes in Palm Beach  |  December 22, 2011 8:57 AM  |  1,627 views  |  No comments


    King of the the Parrothead Nation Finds a New Roost Close to A1A


    Jimmy Buffett, troubadour, film maker, restauranteur, and King of the Parrothead Nation apparently could not stay away from Highway A1A for long. After selling the oceanfront home he owned with his wife Jane for over 16 years back in May of last year he is back.   According to a deed dated December 16th Jimmy and Jane have a new nest on the island located at 309 Garden Road.

    This time instead of a 16,897 square foot home on 1.61 acres of oceanfront property they have opted for more modest digs on the north end of the island. This time they will enjoy 4,783 square feet built around a courtyard pool on an interior lot measuring 100’ x 140’. The description of the home by the listing broker was a “sophisticated island contemporary” with indoor/outdoor living benefitting a tropical resort. Natural light floods the homes’ white interior and should fit in well with Jimmy’s island lifestyle.

    We had the pleasure of attending Jimmy’s show at the Cruzan Amphitheater back on April 23rd and welcome both he and Jane back as residents of our wonderful area.

    2011 has been a year of tremendous recovery and a quick comparison of sales prices of both homes show he paid 189% of the current county tax valuation for the 309 Garden Road property compared to the 108% of the 2010 valuation of 540 S Ocean when he sold last year. Certainly there are many factors playing a role in valuation but no doubt the recovery in south Florida real estate is real.

    Welcome back Jimmy!

    We have a couple beautiful properties just down the street from Buffett's new home for anyone looking for their own place in the sun so if you are in the market please feel free to contact me at your convenience for details.



    Always at Your Service,

    Tom Priester  e-PRO

    “Results Driven Real Estate”

    Keller Williams Realty

    561 308-0175

    tom@tompriester.com

  • King of the Parrotheads; Jimmy Buffett Flies From Palm Beach

    Posted Under: Home Selling in Palm Beach  |  June 7, 2010 2:46 PM  |  744 views  |  No comments


    According to a deed filed late last week with the Palm Beach County Courthouse, Jimmy and Jane Buffett have sold their home located at 540 S Ocean Boulevard in Palm Beach. The Buffett's have owned the estate since they purchased it in January of 1994 for $4,400,000. 

    From published reports the buyer is Via Marina LLC located out of Delaware who paid $18,500,000 which is quite a bit lower than the $23,316,330 valuation given the property by the Palm Beach County Assessor's office. Located at the northeast corner of Via Marina and S Ocean Boulevard the property features a pool located at the front of the property and a tennis court at the rear of the property next to Middle Road as well as a guest house. The main home features 5 bedrooms and 9 bathrooms on a 1.6 acre lot with a very convenient oceanfront location within easy walking distance of Worth Avenue.

    It is sad to see Jimmy leave town after such a long engagement! We wish him well.


    Always at Your Service,


    Tom Priester   e-PRO
    "Results Driven Real Estate"

    Keller Williams Realty
    561 308-0175
 
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