September: Letter From Palm Beach: Fosse, Fosse, Fosse!

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2 years ago

Fosse, Fosse, Fosse!

Lisa and John Cregan

#1 Ranked Team at Sotheby’s Palm Beach

Okay, So Actually Cabaret and Chicago Are Not Playing The Kravis This Season. But Hadestown and On Your Feet Are Both Tapping Their Way Here!

We just couldn’t resist the opportunity to insert a little Robin Williams “Fosse, Fosse, Fosse” flashback. But the real headline is that the Covid shutdown is dead and The Kravis Center is back!

Just over the bridge in West Palm, the Kravis has a staggeringly varied calendar of eve nts on offer for 2022-23. Just a sampling includes Jerry Seinfeld, the Palm Beach Opera’s Madame Butterfly, Romeo and Juliet staged by the award-winning Miami City Ballet, Michael Feinstein, Chris Botti… all that plus the Kravis’ usual bonanza of artist workshops, first time playwrights, rising prodigies, kids’ shows and puppeteers.

The third leg of Palm Beach’s cultural triple crown, the Kravis provides a perfect complement to the offerings at the Society of the Four Arts and the Norton Mu seum. Given its large concert hall and variety of smaller stages, the Kravis has an appropriate venue for almost any artist or production.

After a just completed renovation and expansion, the gleaming facade of the Kravis may look brand-spanking new but the center actually first opened its doors in September of 1992, its creation funded solely by generous local philanthropists.

Contrary to popular assumption, it was not named for part-time Palm Beacher Henry Kravis, but rather for his dad, Raymond. The story goes that a bunch of Ray’s friends pooled their donations to honor their golf buddy (we certainly hope they got Henry to chip in). In a taste of things to come, that first night lineup thirty years ago featured Isaac Stern, Lily Tomlin, Ella Fitzgerald and Alvin Aily’s dance troupe – all emceed by local boy Burt Reynolds. And the fun’s never stopped.

Market Color: More Choices

As we’ve previously reported, this summer’s activity felt a little more normal with relatively few properties changing hands. Now as we transition to fall, the combination of homes listed in July and August along with new September listings has resulted in a bump in available inventory.

As evidenced in the graph above, we now have a more normal 12 months of supply of houses and condos. We think that presages a more balanced market this winter, with neither buyers nor sellers having the upper hand. We’d note that we are still seeing plenty of interested buyers. Showings are picking up, restaurants are filling and properties are going pending. The season is coming.

*Our New Listing* Waterview Towers Penthouse C6

Forever Views of Ocean, Lake and Island

400 N Flagler Drive, C6

400 N Flagler Drive C6 , West Palm Beach

$5,950,000

3 Bedrooms

3 Bathrooms

2,900 Sq Ft.

The views from this 25th floor southeast corner unit aren’t the only thing stunning. The Seller undertook a thorough renovation that included fully enclosing the terraces within the living room. It’s an astounding living space with broad views east, north and south. New kitchen and baths, in unit washer/dryer, a large master closet, 3 bedrooms, 2 full baths and a powder room. Parking for 2 cars. Living Area 2,900 sqft. Waterview Tower is a full service building with doormen, security, garage, fitness, pool, tennis and pickleball. Close to the north bridge, Royal Poinciana Plaza and Palm Beach shopping and restaurants.

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*Listing This Week* 255 El Pueblo Way Renovated and Reimagined

255 El Pueblo Way This 1939 home on almost one-third of an acre sits on one of Palm Beach’s prime North End “cabana streets” with a neighborhood beach gate at one end of the block and Lake Trail access at the other. Built in 1939 by noted architect Belford Shoumate, the house is just finishing up an inspired renovation. Including all new kitchen, a fabulous family room, new roof, new wiring, impact glass and a beautiful new landscape plan centered on a poolside terrace with louvered pergola.

Approx. 3,700 total sqft with 3 bedrooms and option for a 4th bedroom or office.

Asking $14.9m (Completion expected yearend 2022)

*Our Listing* Full Waterfront and Exquisite 2020 Construction

2305 S Flagler Drive

2305 S Flagler Drive , West Palm Beach

$24,900,000

4 Bedrooms

6 Bathrooms

5,423 Sq Ft.

Heaven on the El Cid waterfront. Impeccable 2020 new construction with exquisite attention to detail, every modern luxury and unimpeded water views from 1st and 2nd floors. On an almost 19,000 foot corner lot-beautifully landscaped by Nievera Williams-the house is an elegant contemporary take on classic Palm Beach architecture with iron-look windows, handmade Mexican roof tiles and waxed plaster walls. Downstairs master bedroom with water views, generous closets and bath. Two upstairs bedrooms and baths with an inviting shared terrace can be reached by stair or elevator. In the front yard, a 52′ two lane lap pool sits off the electric screened terrace. To the rear is a guest house/gym/office with full bath. And the 3 bay garage fitted with 2 lifts can accommodate up to 5 cars. All that and a shared neighborhood day-dock between Valencia and Sunset. Virtual Tour via Matterport available upon request

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*Our Listing* Steps Away from Beach, Shops, Restaurants and The Breakers

160 Sunset Avenue

160 Sunset Avenue 160 , Palm Beach

$13,250,000

4 Bedrooms

6 Bathrooms

4,530 Sq Ft.

This elegant 5,000 sqft townhouse lives like a spacious seaside villa- one that’s literally steps to the beach! Built in 2004 and fastidiously maintained by the original owner, it’s perfect for a buyer who does not want the upkeep headaches of an older house or large yard. The ocean block of Sunset is a dead end street that terminates at the beach gate. An ideal location-quiet and private- but still walkable to the Breakers and Royal Poinciana Plaza and all their adjacent shops and restaurants. With over 4,500 sqft of living area, an elevator, 4 bedrooms, multiple office spaces and a two car garage there’s plenty of room for family and guests. Given its modern kitchen and baths, outdoor gas grill and beautiful private pool, it’s completely ready for move-in for the 2022-23 season. 12′ ceilings on the 1st floor, 10’+ in the Master bedroom. The house has great entertaining spaces, including a large covered terrace overlooking the pool. Kitchen has a two-sided Subzero fridge, with four freezer drawers, Wolf gas range, 2 Miele dishwashers, built-in microwave and air fryer. Air conditioned two car garage as well.

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*Our Listing* 1 Bedroom Annual Rental Steps to Worth Ave In-Town Pied a Terre

354 Chilean Avenue 5B

354 Chilean Avenue 5B , Palm Beach

$8,500 Per Month

1 Bedrooms

1 Bathrooms

782 Sq Ft.

A wonderful opportunity for a carefree Palm Beach pied-a-terre. Bright south-facing one- bedroom unit with a terrace, updated kitchen and baths and new carpeting. Island House is one of the best located buildings in town. Only two streets from Worth Avenue, three streets from the Four Arts and a short stroll to the public beach and town docks. 24 hour doorman and a beautiful pool and outdoor entertaining area. Rental Terms: Annual: $8,500 Per Month

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