1/18/11

Admirals Cove: A market update

Admirals Cove has long been Jupiter's premier waterfront community.  Located on the western side of the Intracoastal Waterway, homes in Admirals Cove have direct ocean access through the Jupiter Inlet to the north.  Admirals Cove is divided between the East and West sides of the community with the east side devoted to the yachting lifestyle.
Admirals Cove homes

The main clubhouse on the East side, has 34 guest rooms, fitness center and spa, tennis courts, dining rooms, pool and marina and is the hub of the club lifestyle at Admirals Cove.  The 74 slip marina is home to yachts and their owners who spend the winters down here.  Since the ocean is so close, many yachting residents slip out the Jupiter Inlet for a little dawn fishing for sailfish, although I hear many wahoo are being caught right now.
The West side, known as Admirals Cove Golf Village is devoted to the golfing lifestyle and the architectural style of the clubhouse and residences is decidedly different than the East side.
Admirals Cove is situated between Jonathan's Landing to the north and Trump National Jupiter and The Bear's Club to the south.
As of January 18, there are 101 homes for sale in Admirals Cove.  Drilling into the data some we find the highest price is $ 13,995,000 for a waterfront home on Eagle Drive of over 14,000 square feet.  The lowest price is $ 249,950 for a waterfront condo on Captains Way of about 2,000.  Because of the spread of home prices, to get an accurate feel for the market we use the median price which is $ 1,275,000 for a home of just over 3,000 square feet of luxurious living space.  Homes currently on the market have been there for a median time of 214 days which is longer than Jupiter as a whole.
Membership in The Club at Admirals Cove is mandatory for residents with the full golf membership being the most common.
If you are considering a waterfront home anywhere in the Jupiter or Palm Beach Gardens area, Admirals Cove must be close to the top of your list.   With over 6 miles of waterfront living, no other community can offer this lifestyle.
You can see all Admirals Cove homes for sale and get the fastest search results by visiting Coastal Florida Real Estate.  But to find the best locations and deals, contact me directly at 561-762-4073. Unlike most agents, I have lived here 25 years and know the market inside and out.