Palm Beach is an incorporated town in Palm Beach County, Florida, United States. Located on an island in east-central Palm Beach County, the town is separated from several nearby cities including West Palm Beach and Lake Worth Beach by the Intracoastal Waterway to its west, though Palm Beach borders a small section of the latter and South Palm Beach at its southern boundaries. As of 2010 census, Palm Beach had a year-round population of 8,348 and an estimated population of 8,816 in 2019, increasing by around 25,000 people between November and April. The Jaega arrived on the modern-day island of Palm Beach approximately 3,000 years ago. Later, white settlers reached the area as early as 1872, and opened a post office about five years later. Elisha Newton “Cap” Dimick, later the town’s first mayor, established Palm Beach’s first hotel, the Cocoanut Grove House, in 1880, but Standard Oil tycoon Henry Flagler became instrumental in transforming the island of jungles and swamps into a winter resort for the wealthy. Flagler and his workers constructed the Royal Poinciana Hotel in 1894, The Breakers in 1896, and Whitehall in 1902; extended the Florida East Coast Railway southward to the area by 1894; and developed a separate city to house hotel workers, which later became West Palm Beach. The town of Palm Beach incorporated on April 17, 1911. Addison Mizner also contributed significantly to the town’s history, designing 67 structures between 1919 and 1924, including El Mirasol, the Everglades Club, La Querida, the William Gray Warden House, and Via Mizner, which is a section of Worth Avenue. Forbes reported in 2017 that Palm Beach had at least 30 billionaires, with the town ranking as the 27th-wealthiest place in the United States in 2016 according to Bloomberg News. Many famous and wealthy individuals have resided in the town, including United States presidents John F. Kennedy and Donald Trump. Palm Beach is known for upscale shopping districts, such as Worth Avenue, Royal Poinciana Plaza, and the Royal Poinciana Way Historic District.
For more information regarding real estate in Palm Beach, FL, contact Mika. You can also check out the Town of Palm Beach website and Wikipedia.
Getting your lender’s pre-approval letter is the first step toward buying your home. We can connect you to dependable mortgage lenders who will offer competitive interest rates, desirable financing packages, and options.
Interview licensed real estate professionals and sign with one. If selected, we will work as your advocate and trusted advisor from the start of our search all the way through closing – and beyond, as needed.
We will look at a range of areas and property types, per your real estate goals. Now is the time to determine your must-haves, nice-to-haves, and negotiables. During showings and open houses we will point out pros and cons of all properties, so that you can make informed decisions.
Once you have seen a home you like, we submit an offer, which outlines the price, terms, and conditions of the purchase. We will provide advice on pricing and offer strategy, leading you through the process.
The inspector will show you how the home works, what is not working and how to maintain the systems. He or she will also provide a comprehensive report for future reference.
In Colorado, your earnest money deposit is usually between 1-3%, determined by the seller. Once you are under contract, you will send the EMD to the title company. These funds are cashed, held in escrow, and applied to your down payment at closing.
We walk through the property just before closing to confirm that it is in the physical condition negotiated through the Sales Contract and possibly the Inspection Resolution.
Congratulations, you are now a homeowner!
Join Mika at Home Sales Palm Beach, one of the leading real estate firms, with a top broker Gregg Amaral. Mika offers a boutique and customized experience for each transaction, ensuring that every client receives exceptional service.