Brisk sales at south Florida's Old Palm Golf Club in Palm Beach Gardens, one of the country's most exclusive private golf club communities, has forced the developer to release a collection of preserve lots for the first time. This move by Old Palm, where homes in the golf estates section range in square feet from 3,400-5,000 square feet, offers buyers even more options and opportunities
These new quarter-acre lots, which overlook the preserve, represent a new neighborhood at an attractive value proposition compared with waterfront lots. Located on 650 acres and originally developed by WCI Communities, Old Palm features less than 300 residences situated amongst a world-class golf course designed by famed golfer and honorary club chairman Ray Floyd.
"By opening up a collection of preserve lots for the first time, Old Palm is offering buyers even more options and opportunities," says Connie McGinnis, director of sales. "The price point is also a bit lower than our water feature lots, which adds even more value."
Old Palm Golf Club, home to several professional athletes, is one of the premier private clubs in the Palm Beaches with new estate homes ranging in price from $1.5 million to more than $15 million
Several of the builders in Old Palm, which are among the very finest in South Florida, have already constructed golf estate homes and are poised to build others. For instance, Courchene Development Corporation recently opened two models in the neighborhood -- the 3,951-square-foot Royal Poincianna and the 5,060-square-foot Chesterfield -- but has also designed a slightly smaller home that's ideal for any available golf estates home site.
At 3,426 square feet, Courchene's magnificent Poinciana features 3 bedrooms, three full and one half bath, a great room, study, and a two-and-a-half-car garage. When built on one of the newly released preserve lots, the one-story Poinciana is priced at $1,365,000, an extraordinary value for those who want a new home in the golf estates section.
Meanwhile, Mustapick Estate Homes recently sold its first two models in the golf estates -- the 3,855-square-foot Marseilles and the 4,055-square-foot Monaco-- just two weeks after they became available and is duplicating them on other home sites in the neighborhood.
Still, to appeal to buyers seeking a slightly smaller home, the builder has plans to construct a new, one-story model called the Martinique. It features 3,409 square feet of living space with three bedrooms, three full and one-half bath, a den, and a spacious family room. As an alternative, the den can be redesigned to become a fourth bedroom and fourth full bath.
"It's a refreshing floor plan with an excellent use of space," explains Drew Giles, President of Mustapick Estate Homes. "It's bright, cheerful and open with lots of windows to let in the natural light. Because the Martinique has only a few hallways that extra space has been used to expand the other rooms."
The abundant shutters and French doors lend the Martinique an Old Florida or British Colonial feel, a design in complete harmony with Old Palm's Golf Estates. If built on a preserve lot, the Martinique starts at $1,315,000.
At the heart of Old Palm Golf Club, managed by real estate investment firm Clarion Partners, is a luxurious 43,000-square-foot clubhouse offering formal and informal dining, a full-time concierge, fitness studio, spa, pool, and club casitas. In addition to the golf course, club members enjoy a spectacular 33-acre practice facility that features a legendary Scottish 19th or "bye" hole.