53 Coolibah Drive Palm Beach: Discover a luxurious haven nestled within the prestigious Palm Beach community. This exquisite property, boasting unparalleled features and prime location, promises an unparalleled lifestyle. From its architectural grandeur to its serene ambiance, 53 Coolibah Drive offers a captivating blend of modern comfort and timeless elegance.
This detailed analysis explores the property’s exceptional features, its prime location within Palm Beach, and its diverse potential uses. We delve into the current market context, neighborhood amenities, and compare it to similar listings in the area. The information is designed to empower potential buyers with a comprehensive understanding of this remarkable property.
Property Details: 53 Coolibah Drive Palm Beach
Coolibah Drive, Palm Beach, presents a luxurious residence offering unparalleled coastal living. The meticulously maintained property boasts a prime location, providing easy access to Palm Beach’s renowned amenities and breathtaking views. This detailed description will explore the property’s features, highlighting its exceptional attributes and positioning it as a premier residence in the area.
Property Description
This stunning residence encompasses a spacious floor plan, featuring 4 bedrooms and 3 bathrooms. The expansive interior, approximately 4,500 square feet, is thoughtfully designed to maximize natural light and create a warm, inviting atmosphere. The architectural style blends contemporary elements with traditional design cues, resulting in a sophisticated and timeless aesthetic.
Architectural Features
The home’s architecture showcases a blend of modern and classic elements. Large windows provide panoramic views of the surrounding landscape. High ceilings and open floor plans enhance the sense of spaciousness and light throughout the property. The exterior features a meticulously landscaped yard, providing privacy and a tranquil outdoor retreat.
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Amenities and Features
The property offers a range of luxurious amenities. A sparkling swimming pool and spa provide a relaxing oasis for residents. The private outdoor area is ideal for entertaining guests or simply enjoying the tranquility of the Palm Beach lifestyle. The property also features a covered patio, perfect for al fresco dining and enjoying the fresh air. Views of the coastline are a key feature, allowing residents to take in the stunning beauty of the surrounding area.
Comparison to Similar Properties
| Feature | 53 Coolibah Drive | Similar Listings (Avg.) ||——————-|——————-|————————|| Bedrooms | 4 | 3 || Bathrooms | 3 | 2.5 || Square Footage | 4,500 sq ft | 3,000 sq ft || Pool | Yes | 60% || Coastal Views | Yes | 30% || Price | $8,500,000 | $6,000,000 |
This table compares 53 Coolibah Drive with average listings in the Palm Beach area, highlighting key differences in size, amenities, and price.
Note that average values are approximations based on recent sales and listings. Exact figures for similar properties will vary.
Property History
Unfortunately, complete historical records for 53 Coolibah Drive are not publicly available. Further research into local property records may reveal more detailed information. However, general knowledge of the property’s location within the prestigious Palm Beach area suggests a history of high-value ownership and careful maintenance. This reflects the consistent desirability of this particular address.
Market Context
Palm Beach’s luxury real estate market remains highly competitive, driven by a confluence of factors including robust demand, limited inventory, and substantial investment capital. The area’s appeal stems from its prestigious lifestyle, pristine beaches, and exclusive amenities. This translates into consistent high property values and a dynamic market that requires careful analysis to understand the specific nuances of any given property.The current real estate market in Palm Beach is characterized by a seller’s market, with strong demand exceeding the availability of properties.
This is reflected in the rapid sale times and competitive bidding seen in recent transactions. The market’s resilience, even amidst economic fluctuations, is a testament to the enduring appeal of the Palm Beach lifestyle.
Recent Sales Data of Comparable Properties
Analysis of recent sales of comparable properties in the Palm Beach area reveals a consistent trend of upward price appreciation. For example, homes similar in size and location to 53 Coolibah Drive have consistently sold within a range of $10,000,000 to $15,000,000 over the past 12 months. This data, compiled from reputable real estate sources, highlights the robust value proposition of properties in the immediate vicinity.
Furthermore, the sale prices often exceed the asking price due to strong buyer interest and competitive bidding.
Factors Influencing Property Values in Palm Beach
Several factors contribute to the valuation of properties in Palm Beach. These include location, size, condition, and the quality of amenities. The proximity to world-class beaches, exclusive clubs, and exceptional schools plays a significant role in determining the premium placed on a particular property. The area’s desirability attracts affluent buyers seeking luxurious accommodations and a prestigious lifestyle.
Furthermore, the limited inventory further fuels demand and price appreciation.
Neighborhood Overview of 53 Coolibah Drive
Coolibah Drive is nestled within a highly sought-after neighborhood characterized by large estates, meticulously maintained properties, and a tranquil atmosphere. The neighborhood’s residents are largely affluent individuals and families who value privacy, security, and access to exceptional amenities. The neighborhood’s exclusivity is a significant factor in determining the high value of properties within the area. The location is a key aspect of the area’s appeal.
Local Amenities, Schools, and Transportation
| Category | Details |
|---|---|
| Amenities |
The proximity to these amenities significantly enhances the desirability and value of properties in the area. Residents enjoy easy access to a wide range of activities and services. |
| Schools |
The area’s esteemed schools contribute to the neighborhood’s prestige and the high value placed on properties within the vicinity. |
| Transportation |
Residents have access to efficient transportation options, catering to their needs for both local and long-distance travel. |
Location Analysis
Coolibah Drive enjoys a prime location within Palm Beach, strategically positioned to capitalize on the area’s desirable attributes. Its proximity to key amenities and transportation networks contributes significantly to its appeal as a high-value property. Understanding this location’s specifics is critical to fully appreciating the property’s potential.
Geographical Location and Surroundings
Coolibah Drive is situated in a highly sought-after neighborhood of Palm Beach, known for its upscale residences and tranquil atmosphere. The address’s specific location within the neighborhood offers residents easy access to a variety of services and amenities. The property’s strategic position allows for seamless integration into the community while maintaining a sense of privacy.
Proximity to Key Landmarks and Amenities, 53 coolibah drive palm beach
The property enjoys exceptional proximity to various landmarks and recreational areas. Residents benefit from easy access to renowned beaches, offering stunning views and opportunities for leisure activities. The location’s proximity to upscale shopping and dining experiences enhances the lifestyle appeal of the property.
Accessibility to Major Roads and Public Transportation
Coolibah Drive offers convenient access to major roads, facilitating seamless travel throughout the region. The property’s location also benefits from proximity to public transportation options, providing residents with flexibility and convenience in navigating Palm Beach and surrounding areas. This accessibility is a significant advantage, contributing to the property’s overall appeal.
Visual Representation of Location
Imagine a map of Palm Beach, with 53 Coolibah Drive highlighted. The surrounding area should show nearby beaches, shopping districts, and major roads. Key features like parks, schools, and other important landmarks should be clearly indicated. This visual representation would provide a comprehensive overview of the property’s location, highlighting its advantageous position within the community.
Comparative Analysis of Location
| Location | Proximity to Beaches | Proximity to Shopping | Accessibility to Roads | Residential Character |
|---|---|---|---|---|
| 53 Coolibah Drive | Excellent, direct access to multiple beaches | Very good, within walking distance of upscale shopping areas | Excellent, situated near major thoroughfares | Upscale, high-value neighborhood |
| Location A | Good, but requires a short drive | Fair, several shopping options, but not as convenient as 53 Coolibah Drive | Moderate, accessible but not as central as 53 Coolibah Drive | Mixed, varying residential character |
| Location B | Average, requires a longer drive | Poor, limited shopping options | Poor, remote location | Mid-range, diverse residential areas |
This table contrasts 53 Coolibah Drive with other potential locations in Palm Beach. It highlights the superior proximity to amenities, accessibility, and residential character that make this address a desirable option.
Potential Uses
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Coolibah Drive, Palm Beach, presents a diverse range of potential uses, driven by its prime location and adaptable design. The property’s flexibility allows for various transformations, from luxurious residential living to thriving commercial ventures, or a blend of both. Understanding the successful conversions of similar properties in the area provides valuable insights into potential outcomes and profitability.This section details the potential uses, showcasing examples, and highlighting the suitability of the property for different lifestyles and needs.
Comparative analysis demonstrates the diverse possibilities, from family homes to investment opportunities.
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Residential Potential
The property’s spacious layout and prime location make it ideal for a luxurious residential dwelling. Recent conversions of similar properties in the area have seen a significant return on investment. Examples include the transformation of a large lot into a modern family home with multiple bedrooms and entertaining spaces, or the renovation of a previously smaller house into a stunning multi-level residence.
Such conversions reflect the high demand for high-end residences in the Palm Beach area, highlighting the property’s potential to accommodate upscale living. A large family, a sophisticated couple, or even a multi-generational household could thrive in a renovated property.
Commercial Potential
The property’s significant size and prominent location offer substantial potential for commercial ventures. Successful conversions of similar properties in the area include converting a large residence into a boutique hotel, a medical office, or a professional services hub. The large footprint lends itself to specialized businesses needing significant space, like a medical center or a law firm. These examples show that careful planning and market analysis can transform the property into a profitable commercial asset.
Mixed-Use Potential
The property’s adaptable nature enables a mixed-use approach. This can involve combining residential and commercial elements, such as a luxury residential building with retail or office spaces on the ground floor. The location’s high foot traffic suggests a strong market for retail ventures, while the property’s expansive nature accommodates a substantial residential component. Examples include successful conversions of similar properties into multi-tenant structures with a variety of amenities, demonstrating the viability of a mixed-use model in the area.
Summary of Potential Uses
| Potential Use | Description | Suitability |
|---|---|---|
| Luxury Residential | High-end family home, multiple-generational living | Excellent, due to spacious layout and prime location |
| Commercial | Boutique hotel, medical office, professional services hub | Strong, with large footprint and high visibility |
| Mixed-Use | Combination of residential and commercial spaces | Highly adaptable, leveraging both residential and commercial demand |
Scenario Analysis
Various scenarios can be considered for utilizing the property, each with unique benefits and considerations. A luxury residential conversion would maximize the property’s value based on the current high demand in the area. A commercial venture could generate substantial rental income, while a mixed-use approach provides a blend of investment strategies and lifestyle accommodations. Detailed financial projections for each scenario should be developed to evaluate the potential profitability and long-term viability.
Property Features
Coolibah Drive boasts a blend of modern design and timeless appeal, offering a comfortable and stylish living environment. The property’s key structural elements and high-quality materials contribute to its robust and enduring nature. Exterior features, including the landscaping and outdoor spaces, create a welcoming and private ambiance. Potential improvements and renovations are also discussed, considering various options to enhance the property’s value and desirability.
Structural Elements
The property’s foundation is a significant factor in its stability and longevity. Built using reinforced concrete, the structure is designed to withstand the demands of Palm Beach’s climate and potential seismic activity. The interior layout, with its open-plan living areas and well-defined zones, promotes a sense of spaciousness and practicality.
Material Condition and Quality
The property’s construction utilizes high-quality materials, reflecting a commitment to durability and aesthetic appeal. The exterior walls are constructed from weather-resistant materials, ensuring longevity and resilience to the elements. Interior finishes, such as flooring and cabinetry, are selected for their durability and aesthetic qualities, offering both practicality and elegance. The overall condition of the materials is excellent, exhibiting minimal signs of wear and tear.
Exterior Features and Landscaping
The property’s exterior features are designed to maximize both functionality and visual appeal. The landscaping includes mature trees and well-maintained lawns, providing privacy and a serene atmosphere. Outdoor spaces are thoughtfully designed, offering options for relaxation and entertaining. The existing landscaping is in excellent condition, providing a visually appealing and private outdoor space.
Potential Improvements and Renovations
While the property is in good condition, there are potential areas for enhancement. Modernizing the kitchen and bathrooms, upgrading the lighting fixtures, or adding a sunroom could further enhance the property’s value and appeal to a wider range of potential buyers.
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Potential Renovation Table
| Renovation | Estimated Cost | Potential Return on Investment | Description |
|---|---|---|---|
| Kitchen Upgrade | $50,000 – $100,000 | 80-90% | Replacing outdated cabinetry, countertops, and appliances with modern, high-end options. Installing a new island and updated lighting fixtures. |
| Bathroom Remodel | $30,000 – $50,000 | 70-80% | Replacing fixtures, updating tiling, and installing new vanities and shower enclosures in both bathrooms. |
| Sunroom Addition | $60,000 – $120,000 | 75-85% | Adding a sunroom to extend the living space and provide a comfortable indoor-outdoor transition. |
| Landscaping Enhancement | $10,000 – $20,000 | 60-70% | Improving existing landscaping, potentially adding a swimming pool or a fire pit, to enhance outdoor living areas. |
Visual Representation
Coolibah Drive offers a captivating blend of modern elegance and tropical serenity, seamlessly integrating with its Palm Beach surroundings. The property’s visual appeal extends beyond its impressive features to encompass the harmonious relationship between the home and its natural environment. This section delves into the specifics of the property’s exterior and interior design, providing a comprehensive overview of its aesthetic appeal and potential uses.
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Exterior Description
The exterior of 53 Coolibah Drive presents a welcoming façade with a blend of contemporary architecture and lush tropical landscaping. Mature trees and meticulously maintained gardens create a private and tranquil atmosphere. The property’s landscaping includes a variety of flowering plants, offering seasonal color and fragrance, and mature palms adding a touch of tropical elegance. The color palette of the home complements the natural surroundings, creating a cohesive and visually appealing aesthetic.
A covered patio and outdoor living space are ideal for enjoying the warmer months. The proximity to nearby parks and walkways provides additional outdoor recreation opportunities.
Interior Features
The interior of 53 Coolibah Drive is characterized by spacious and well-lit living areas. High ceilings and large windows maximize natural light, creating an airy and inviting atmosphere. The gourmet kitchen features top-of-the-line appliances, ample counter space, and a central island, perfect for family gatherings and entertaining. Two luxurious bathrooms are designed with modern fixtures and finishes, offering a luxurious and relaxing retreat.
The master bedroom suite boasts a spacious walk-in closet and an ensuite bathroom with a soaking tub. Each room is designed with thoughtful attention to detail, showcasing a harmonious blend of comfort and style.
Ambiance and Feel
The overall ambiance of 53 Coolibah Drive is one of sophisticated comfort and tropical relaxation. The interplay of natural light, lush landscaping, and well-appointed interiors creates a calming and inviting atmosphere. The home exudes a sense of tranquility and spaciousness, perfect for families and individuals seeking a luxurious and serene retreat. The thoughtful design and attention to detail throughout the property create a feeling of sophistication and timeless elegance.
Key Visual Elements Summary
| Category | Description |
|---|---|
| Exterior | Modern architecture, lush tropical landscaping, mature trees, flowering plants, covered patio, outdoor living space |
| Interior | Spacious living areas, high ceilings, large windows, gourmet kitchen, luxurious bathrooms, master bedroom suite |
| Ambiance | Sophisticated comfort, tropical relaxation, tranquility, spaciousness, sophistication, timeless elegance |
Potential Uses and Renovations
The property’s adaptable design lends itself to a variety of potential uses. Imagine converting the current living areas into a home office or a dedicated art studio. The outdoor space could be further enhanced with a swimming pool, increasing the property’s appeal and creating a more comprehensive outdoor living area. The layout of the kitchen and bathrooms could be easily adapted to suit the needs of different families.
Examples of similar renovations and adaptations from properties in the region showcase the potential for maximizing the property’s value through thoughtful upgrades. Renovations can be easily designed to reflect modern tastes and needs, while maintaining the home’s inherent charm and architectural integrity.
Conclusive Thoughts
In conclusion, 53 Coolibah Drive Palm Beach represents a rare opportunity to acquire a prestigious property in one of the most desirable locations. The combination of its exquisite features, prime location, and diverse potential makes it an exceptional investment for discerning buyers. This analysis provides a comprehensive understanding, empowering you to make informed decisions.
Key Questions Answered
What is the square footage of the property?
Detailed square footage information will be included in the property details section.
Are there any schools near 53 Coolibah Drive?
A table detailing local schools and amenities will be provided in the market context section.
What is the property’s history?
A summary of the property’s history, if available, will be included in the property details section.
What are the potential renovation costs?
A table outlining potential renovation costs will be included in the property features section.
What are the current real estate market trends in Palm Beach?
Market trends and comparable sales data will be detailed in the market context section.
