Steeplechase

Yes … it is possible to find a custom built, estate home on an acre or more of land in the center of Palm Beach Gardens. Steeplechase is Palm Beach Gardens' Premiere Estate Community with 325 custom built homes, each on lots of an acre or more, providing room for exquisite landscaping, outdoor activities, a pool, a tennis court or even your own waterfall! This unique community caters to those wanting more space in their lives whether indoor or outdoors.  The minimum size home in the neighborhood is 2500 square feet with larger homes measuring more than 7000 square feet enclosed and air conditioned.  Additional living space includes lanai’s, pool decks, summer kitchens, balconies, tennis courts and multi car garages.  Steeplechase is strictly a residential community, unadorned by club houses, community pools or golf courses. Each home is different and custom built with Florida’s finest builders showcasing their talent throughout the community. The location of Steeplechase in the heart of Palm Beach Gardens puts residents just minutes from the finest country clubs in the area, many of which accept annual or equity memberships from non-residents.  So it is possible to live in Palm Beach Gardens' finest estate home community and join a neighboring country club for social or recreational amenities.  Steeplechase is conveniently located just east of the Florida Turnpike between Northlake Blvd and the Beeline, convenient to the VA Hospital, The Florida Turnpike's Beeline exchange, and I-95.  Residents are close to shopping, entertainment venues, educational and recreational facilities.  

Recent Market Activity --   In 2014 there were 16 homes sold in Steeplechase reflecting a median price of $600,000 meaning half of the homes sold were high in price and half lower in price.  At the end of 2014 there wer 16 homes sold in Steeplechase averaging $201 per square foot. 

Older Market Activity -- By the end of summer, 2014 home prices in Steeplechase increased significantly as a larger percentage of homes sold were bigger, newer and pricier properties.  The overall increase in Steeplechase home prices was 25 percent for the first eight months of 2014 compared with the same period in 2013.  The average price of all Steeplechase homes sold was $215 per square foot in the period January through August 2014 compared with $162 per square foot for the first eight months of 2013.  Home prices in Steeplechase stabilized in the first half of 2012 with sales averaging $190 per square foot, the same average price point for all sales in 2011.  Home prices in Steeplechase declined in the first five months of 2011 while sales remain strong.  There were six homes sold in Steeplechase through May, 2011 averaging $176 per square foot a decline of 12 percent.  However, half of the homes sold were either foreclosures or short sales which continue to put downward pressure on prices.  There were 10 homes sold in Steeplechase during 2010, with two of them being tear downs.  The 10 homes averaged $200 per square foot, but if you eliminate the two tear downs, the average would be $213/SF.  Taking all Steeplechase homes sold in 2010, prices declined about 40 percent from the highest prices of 2006 and 19 percent from 2008.  In early 2011 there were 22 homes on the market in Steeplechase, with some very good opportunities for interested buyers.  In 2009 there were two homes sold in Steeplechase, one a foreclosure and the other one a tear down.  It is difficult to use the standard measure of dollars per square foot to quantify prices in Steeplechase based on non-representative sales in 2009.  In 2008 there were nine homes sold in Steeplechase, averaging $246 per square foot, about 26 percent less than the price of homes in 2006, the high point of Steeplechase prices.   

 

 

steeplechase

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