"AT THE BLUFFS"
Market Report 
WHATS SELLING AT THE BLUFFS- May 2022
NEW ON THE MARKET

Bluffs Marina Penthouse -This beautifully renovated 2-bedroom, 2-bathroom residence has vaulted ceilings in the main living areas, kitchen, primary and guest bedroom. Unit offers a gourmet kitchen with quartz counter tops, breakfast bar, stainless steel appliances, plank tile flooring, large bonus/laundry room-great for storage-office or overnight guest. The Pool area offers a covered pavilion and has views of the Marina and lake. Enjoy a game of tennis on the refinished courts, day, or night. Beautiful tropical landscaping professionally maintained. Winding sidewalks throughout the complex are great for walking or a safe off-street bike ride with beautiful water vistas and cool evening tropical breezes. The Incredible Marina views make this condominium a rare find!


Bluffs Inventory-Still at Historic Lows
Ridge-Zero homes for sale out of 618.
River-Zero homes for sale out of 363.
River North-Zero townhomes for sale out of 312.
Lakes- Zero townhomes for sale out of 392.
Marina-3 condominiums for sale out of 660 units.
Ocean South- 1 condominium for sale out of 198 units.
Ocean North- Zero condominiums for sale out of 120 units.

For the most current information on "Active Listings", click on the purple links below or go to our website at Jupiter Coastal Properties and on the home page search under Quick Search. These links are updated 24/7 to provide you with the latest information. 


Regards from Paradise!

Tom Waidelich
Jupiter Coastal Properties 
Thomas Waidelich
Direct: 561-373-9653

tw@jupitercoastalproperties.com

jupitercoastalproperties.com

Tom Sells the Bluffs!

Call or Email Tom for your free Property Valuation Report!
RECENT BLUFFS SALES
 
Bluffs Ridge-Sold
Address           Sale Price  Sale Date  Dom
185 Ocean Pines ...1,260,000..04/28/22...4
104 Ridge Rd..........1,210,000..04/18/22.111
123 Beach Summit..1,065,000..02/24/22...2
113 Dunes Edge.......905,000....02/22/22...5
143 Beach Summit...759,800....02/24/22...2
Bluffs River-Sold
Address          Sale Price_Sale Date_Dom
400 River Edge...1,065,000...04/19/22...21
241 River Park....1,000,000...04/18/22....6
239 E River Park...855,000...03/28/22....13
207 E River Park...830,000...03/16/22.....1
202 E River Park...900,000...03/14/22.....4
310 Leeward ........695,000...03/03/22.....1
River North Townhouses-Sold
Address     _Sale Price  Sale Date  Dom
2731 27Th Ct....416,000.....04/29/22.....3
3225 32nd Ct....461,000.....04/28/22.....7
3202 32nd Ct... 415,000.... 03/04/22.... 1
The Lakes-Sold
Address         Sale Price   Sale Date  DOM
1205 12Th Ct....445,000....05/02/22......2
1101 11Th Ct.....467,777....03/11/22......4
2330 23Th Ct....461,222....03/10/22......4
1518 15th Ct.... 400,000.... 02/28/22.... 1
Bluffs Marina-Sold
Address           Sale Price Sale Date  Dom
1601 Seafarer 202.....595,000...04/29/22..2
2001 Marina Isle.403..610,000...04/08/22..5
2001 Marina Isle 404..530,000...03/24/22.18
701 Seafarer 105........577,000...02/25/22..7
601 Seafarer 106........500,000...02/18/22.119
1201 Seafare 102........499,900..02/18/2...58
1401 Tidal Pointe 403..635,000..02/01/22..31
Bluffs Ocean South-Sold
Address         Sale Price  Sale Date DOM
101 S Seas103...649,000...04/12/22.....9
701 S Seas 401..603,500...03/28/22.....1
101 S Seas 302..755,000...03/28/22.....7
401 S Seas 302..780,000...03/21/22....13
Bluffs Ocean North-Sold
Address             Sale Price  Sale Date DOM
301 Ocean Bluffs 506 .675,,000..03/25/22. .3
201 Ocean Bluffs 403 .759,000...03/22/22. .1
301 Ocean Bluffs 205 .585,000 ..02/28/22 ..5
Featured Listings

RIDGE
113 Dunes Edge Rd
Sold-$905,000
RIVER
241 River Park Dr
Sold $1,000,000
THE MARINA
New on the Market
601 Seafarer Cir Unit 505
701 Marina Isle Way 503
Sold $529,000
Ocean South
601 S Seas Dr 502
Offered at $775,000
Under Contract
Rentals
Bluffs Ocean South
601 S Seas Dr 106
Annual Rental

Bluffs Marina
601 Seafarer Cir 303
Annual Rental

LEGAL CORNER with ANDREW PINEIRO, Esq.

Five Interesting Things about Foreclosures in Florida:
 
  1. Service of Process. If the bank cannot locate the borrower to personally serve the borrower with the Complaint (the document that commences the foreclosure case upon filing at the courthouse), the bank can use an alternative to personal service known as “publication.” Publication is a process whereby notice of the commencement of the foreclosure is published in a local newspaper to give notice to the borrower or other potential defendants named in the law suit. Before a bank can resort to the publication process, it must perform a diligent search for the borrower and make all efforts to obtain service of process personally. Once all efforts have been exhausted, the bank can use the publication process to get service on the borrower or other defendants who cannot be found. This process can significantly delay the foreclosure process.
  2. Defenses. Once a borrower is served with process, the borrower must (typically) respond to the Complaint within 20 days. Responses to the Complaint can be in the form of a motion to dismiss (which attacks the allegations in the complaint as being procedurally or substantively defective), or, an answer and affirmative defenses. Affirmative defenses are written defenses that attempt to avoid the claims being made by in the Complaint. As an example, if the bank is seeking to foreclose, a common defense is that the bank failed to comply with a condition precedent to filing the complaint. Often times, mortgages or other loan documents have specific requirements that banks must follow before a foreclosure action can be filed. If those conditions are not performed, the borrower can potentially defeat the foreclosure action by lodging this defense.
  3. Rents. If the property being foreclosed on is rented, the bank may have the right to “sequester the rents” while the foreclosure action is pending. For the bank to have this right, an “assignment of rents” would have been granted by the borrower to the bank when the loan documents were signed. Sometimes an assignment of rents is included in the terms of a mortgage (not a separate document). The assignment of rents is additional collateral granted to the bank to make the bank more “secure” when underwriting the loan. Rent sequestrations are controlled by Florida Statutes s. 697.07.
  4. Receivers. During the foreclosure action, lenders have options to try to preserve the value of the underlying collateral and to minimize further losses. One of those options is the appointment of a receiver. A receiver is generally appointed to conserve and maintain the status quo of property during the foreclosure process. 
  5. Right of redemption. In Florida, the “Right of redemption” is the ability of a mortgage holder (or other interested party) to stop a foreclosure sale by all paying amounts due under the note, including attorneys’ fees and costs that have been incurred. The redemption payment is made to the clerk of court and it must be made before the later of the filing of a certificate of sale by the clerk or the time specified in the final judgment for foreclosure. The redemption process is controlled by Florida Statutes s. 45.0315.

Andrew Pineiro, Esq., Pineiro Byrd PLLC, 4600 Military Trail, Suite 212, Jupiter,
Jupiter Coastal Properties

Real Estate Sales and Rentals 
 
All information and Data is compiled from MLS records and is deemed to be reliable but not guaranteed. Sold information does not include private sales transactions.  Neither articles, advertisers nor non-advertisers should not be considered as endorsements of any product, business, service or person.  

Sales Last Updated 5/11/2022 Vol 111
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