Right now there are about 66 homes for sale in Admirals Cove and about a dozen are located in Captains Way. Captains Way wraps around the main Clubhouse, the tennis courts and a couple of holes on the east side golf course. Here's the way they are located on the island.
Homes for sale on Captains Way are clustered with 4 units per building with 2 upstairs and 2 downstairs. They all have waterfront locations, many with docks, which allow for modest sized boats to be kept behind the house like those below. Other clubs call these homes coach homes or carriage homes.
The prices range from $ 460,000 to $ 950,000 so you can see the market for homes here is struggling to find itself. Membership in The Club at Admirals Cove is mandatory for all residents and most homes are sold with the existing membership. Upgrading beyond the membership you might purchase is an option, but downgrading is not. This means you must not only find the right house, but have to find the right membership along with it. This situation is not unique to Admirals since most clubs do the same thing. But only Jonathan's Landing and PGA offer you optional membership.
So far this year, 13 homes have sold in Admirals Cove under $ 1,000,000 with a median time on the market of 195 days on the market and a per square foot selling price of $ 193.55.
If you are considering moving to this area, contact Realtor Richard Sites at 561-762-4073 to see the best locations and some great opportunities. If you want to search Admirals Cove homes for sale yourself, visit Coastal Florida Real Estate where you will get the fastest search results.
