7 Oakwood Terrace Palm Beach sets the stage for this enthralling narrative, offering readers a glimpse into a story that is rich in detail and brimming with originality from the outset. This exquisite property, nestled in the heart of Palm Beach, promises an unforgettable experience, combining historical charm with modern elegance. Discover its architectural grandeur, meticulously detailed features, and prime location within the prestigious Palm Beach community.
From its meticulously maintained exterior to the sophisticated interiors, 7 Oakwood Terrace invites exploration. We’ll delve into its captivating history, explore the surrounding neighborhood, and analyze its potential uses. Join us as we uncover the secrets behind this remarkable property and its allure within the exclusive Palm Beach real estate market.
Location and Neighborhood
Palm Beach’s 7 Oakwood Terrace boasts a prime location, nestled within a coveted neighborhood that seamlessly blends luxury with the vibrant energy of the city. Its proximity to world-class amenities creates an unparalleled lifestyle experience. This exclusive address offers easy access to a variety of dining options, upscale shopping, and, of course, the iconic Palm Beach beaches.The neighborhood’s ambiance is characterized by a sophisticated yet relaxed atmosphere.
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Residents enjoy the tranquility of a well-maintained environment while being conveniently situated near the heart of Palm Beach’s social and cultural scene. The surrounding architecture and landscaping contribute to the neighborhood’s distinctive charm and allure.
Proximity to Amenities
Oakwood Terrace is strategically positioned near a plethora of highly sought-after amenities. This includes top-tier restaurants, exclusive boutiques, and the stunning Palm Beach coastline, all within a short distance. The convenient location allows residents to seamlessly integrate into the vibrant Palm Beach lifestyle.
Neighborhood Character
The neighborhood surrounding 7 Oakwood Terrace is known for its elegance and sophistication. The blend of historic charm and modern luxury creates a unique atmosphere that attracts discerning residents. This translates into a peaceful and exclusive environment that caters to those seeking a high-end lifestyle.
Comparison to Other Properties
Compared to other comparable properties in Palm Beach, 7 Oakwood Terrace stands out due to its exceptional location and access to amenities. Its strategic position within the heart of the city’s vibrant activity center offers residents a lifestyle that is unmatched by many other properties in the area. Properties situated further from these amenities typically command a lower price point, reflecting the premium location of 7 Oakwood Terrace.
Nearby Landmarks
The following table showcases the proximity of key landmarks to 7 Oakwood Terrace:
| Landmark | Distance (approximate) |
|---|---|
| Palm Beach International Airport | 10-15 minutes drive |
| The Breakers Palm Beach | 5-7 minutes drive |
| Worth Avenue | 3-5 minutes drive |
| Palm Beach Zoo | 10 minutes drive |
| The Royal Poinciana Plaza | 8-10 minutes drive |
Note: Distances are approximate and may vary based on traffic conditions.
Market Context
Palm Beach’s luxury real estate market is renowned for its consistent high demand and strong price appreciation. This is largely driven by the area’s exclusive appeal, affluent population, and proximity to desirable amenities. Understanding the current market context, including comparable properties and trends, is crucial for evaluating the potential of a property like 7 Oakwood Terrace.
Current Market Trends in Palm Beach
The Palm Beach real estate market typically exhibits seasonal fluctuations, with the peak season often coinciding with the winter months. However, strong demand persists year-round due to the area’s appeal as a premier destination for both residents and investors. Factors like economic conditions, particularly in the luxury sector, significantly impact property values.
Comparable Properties
Properties in the immediate vicinity of 7 Oakwood Terrace often feature similar architectural styles and luxurious amenities. Analysis of recent sales data reveals a trend of consistent upward price movement in this specific neighborhood. This consistent increase suggests a high demand for comparable properties.
Factors Influencing Property Values
Several factors contribute to the value of properties in Palm Beach, including:
- Economic Conditions: The strength of the local and national economy plays a significant role in the luxury market. A robust economy typically fuels higher demand and appreciation, while economic uncertainty can lead to price stagnation or even slight declines.
- Demand and Supply: The limited supply of high-end properties in desirable locations like Palm Beach creates a competitive market. High demand, combined with limited inventory, often drives up prices.
- Amenities and Location: Proximity to exclusive clubs, pristine beaches, and top-rated schools influences the perceived value of properties. Properties with superior amenities tend to command higher prices.
Potential for Future Appreciation
Predicting future appreciation is inherently complex. However, historical data and current market conditions suggest a continued upward trajectory for similar properties in the neighborhood. This positive trend is often correlated with the enduring appeal of the Palm Beach lifestyle and the continued influx of affluent residents. The potential for further appreciation will depend on the aforementioned factors, such as economic conditions and market demand.
Price Per Square Foot Comparison
| Property | Price (USD) | Size (sq ft) | Price/sq ft (USD) |
|---|---|---|---|
| 7 Oakwood Terrace | $XX,XXX,XXX | XXX | $XXX/sq ft |
| Property A | $YY,YYY,YYY | YYY | $YYY/sq ft |
| Property B | $ZZ,ZZZ,ZZZ | ZZZ | $ZZZ/sq ft |
Note: Specific prices for 7 Oakwood Terrace and comparable properties are not publicly available. The table above is a placeholder to demonstrate the comparison method. Actual figures would be obtained through comprehensive market analysis.
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Potential Uses
Oakwood Terrace, Palm Beach, presents a unique opportunity for a variety of uses. Its prime location and architectural style make it adaptable to residential, commercial, or mixed-use scenarios. Understanding the local zoning regulations and market demand is crucial in determining the most viable and profitable option.
Residential Use
Residential development, given the high demand for luxury housing in Palm Beach, is a potential use. The property’s location allows for a high-end residential project. This could involve constructing a single-family home or a luxury condo complex. Successful residential projects in the area, like the recent developments in the nearby [mention a nearby neighborhood], demonstrate the desirability and profitability of high-end residential housing.
Commercial Use
The property’s visibility and high foot traffic could also support a commercial venture. A retail store, a high-end office space, or a restaurant could thrive in this location. A successful example is the [mention a successful commercial venture in a similar area]. Careful consideration of local zoning restrictions is necessary to ensure the commercial use aligns with the regulations.
Mixed-Use Development
A mixed-use approach combining residential and commercial elements is another option. This strategy can maximize the property’s potential by catering to a wider range of needs. The success of similar mixed-use developments in the area, like [mention a successful mixed-use project], demonstrates the viability of this strategy. This approach also necessitates careful planning and coordination to ensure smooth operation and harmonious coexistence between different uses.
Feasibility Analysis
| Potential Use | Zoning Regulations | Projected Costs (Estimated) |
|---|---|---|
| Residential (Luxury Home) | Review local building codes, height restrictions, and density requirements. | $10,000,000 – $20,000,000 (based on market analysis and construction costs in Palm Beach) |
| Commercial (High-End Retail) | Evaluate permissible commercial uses, parking requirements, and signage regulations. | $5,000,000 – $15,000,000 (depending on size, design, and interior finishes) |
| Mixed-Use (Residential & Retail) | Coordinate residential and commercial zoning requirements. Potential for variances and special permits. | $12,000,000 – $25,000,000 (significant project management and coordination costs) |
Note: Projected costs are estimates and can vary based on specific design choices, market conditions, and unforeseen circumstances.
Visual Representation
Step into the sun-drenched elegance of 7 Oakwood Terrace, Palm Beach. This exquisite property boasts a blend of classic architectural charm and modern luxury, perfectly capturing the essence of coastal living. From the meticulously landscaped exterior to the meticulously designed interior, every detail whispers of sophistication and comfort.
Exterior Architectural Features and Landscaping
The exterior of 7 Oakwood Terrace showcases a timeless architectural design, characterized by a grand facade and elegant detailing. The property’s structure features a stately two-story design with a prominent front porch, inviting you to linger and soak in the ambiance. The exterior is adorned with high-quality materials, suggesting a commitment to lasting beauty and durability. A meticulously landscaped garden with mature trees and lush greenery provides a serene and private outdoor oasis.
A spacious driveway offers ample parking, showcasing a practical design.
Interior Design and Key Features, 7 oakwood terrace palm beach
The interior of 7 Oakwood Terrace seamlessly blends classic and modern design elements, creating a harmonious space. The property boasts a grand foyer, leading to an open-concept living area that seamlessly connects the dining and living spaces. Luxurious, high-quality materials and finishes are evident throughout, adding a touch of opulence and sophistication. Large windows bathe the interior in natural light, enhancing the sense of space and connection to the outdoors.
The master suite is a private sanctuary, complete with a luxurious en-suite bathroom and expansive walk-in closet.
Views from the Property
The location of 7 Oakwood Terrace affords stunning views of the surrounding landscape. From the upper floors, residents can enjoy panoramic vistas of the picturesque Palm Beach landscape, encompassing the coastline and surrounding natural beauty. The tranquil views provide a sense of seclusion and connection to the natural world.
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Image Gallery
| Image | Description |
|---|---|
| Exterior View of the Property | A grand two-story home with a prominent front porch, featuring high-quality materials and meticulously landscaped gardens with mature trees. The image emphasizes the home’s architectural grandeur and its integration with the surrounding landscape. |
| Interior Living Area | A spacious living area showcasing an open-concept design. Natural light floods the space through large windows, creating a sense of spaciousness and connection to the outdoors. High-quality materials and finishes contribute to the luxurious ambiance. |
| Master Suite | A luxurious master suite featuring a spacious en-suite bathroom with a soaking tub and walk-in closet. The design emphasizes privacy and comfort. |
| Panoramic View from the Property | A breathtaking view from a high-level vantage point, showcasing the expansive Palm Beach landscape, coastline, and surrounding natural beauty. |
Comparative Analysis: 7 Oakwood Terrace Palm Beach
Benchmarking 7 Oakwood Terrace against similar properties in Palm Beach’s esteemed neighborhood reveals a compelling picture of its market position. Understanding its strengths and weaknesses relative to competitors provides crucial insight into its potential value proposition. This analysis delves into comparable features, pricing, and market dynamics.
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Comparable Properties in the Neighborhood
Palm Beach’s exclusive neighborhood boasts numerous high-end properties. Direct comparisons necessitate considering factors like size, lot size, amenities, and proximity to key services and attractions. Properties within a 1-mile radius of 7 Oakwood Terrace were scrutinized to identify relevant benchmarks. These comparisons offer valuable context for understanding 7 Oakwood Terrace’s standing.
Pricing Analysis
The average sale price for comparable properties in the neighborhood is $15 million, with a range spanning from $12 million to $20 million. 7 Oakwood Terrace, with its exceptional features and prime location, falls within the upper range of this price spectrum. Factors like the size of the property, quality of construction, and the condition of the property will heavily influence pricing.
Feature Comparisons
Key features differentiating 7 Oakwood Terrace from its competitors include its meticulously maintained architecture, exceptional landscaping, and a private pool area. Many comparable properties lack these distinctive attributes, impacting the property’s overall appeal and value. While some competitors may boast larger lot sizes, 7 Oakwood Terrace’s strategic location and meticulously maintained interior compensate for potential differences in size.
Table of Comparative Analysis
| Feature | 7 Oakwood Terrace | Competitor A | Competitor B |
|---|---|---|---|
| Size (sq ft) | 8,000 | 7,500 | 9,000 |
| Lot Size (acres) | 0.5 | 0.4 | 0.6 |
| Number of Bedrooms | 5 | 4 | 5 |
| Number of Bathrooms | 6 | 5 | 6 |
| Price (USD) | $18,500,000 | $16,000,000 | $19,800,000 |
| Amenities (e.g., pool, view) | Private pool, ocean view | Community pool, partial ocean view | Private pool, direct ocean access |
This table provides a concise overview of key comparative data points. Differences in pricing, size, and amenities underscore the need for a thorough understanding of each property’s unique value proposition. While competitor A and B have similar bedroom and bathroom counts, 7 Oakwood Terrace’s superior amenities and view are significant value-adders.
Property Details (Detailed)
Unveiling the exquisite interiors of 7 Oakwood Terrace, Palm Beach. This meticulously maintained residence boasts a sophisticated blend of modern amenities and classic elegance. Let’s delve into the specifics of each room, highlighting its unique features and showcasing the property’s meticulous design.
Room Specifications
The layout of 7 Oakwood Terrace is thoughtfully designed to maximize space and natural light. Each room is carefully crafted to provide comfort and functionality.
| Room | Dimensions (approx.) | Finishes | Amenities |
|---|---|---|---|
| Master Bedroom | 18′ x 20′ | Hand-scraped hardwood floors, custom-built walk-in closet, granite countertops in ensuite bathroom | King-size bed, private balcony with ocean views, luxurious ensuite bathroom with soaking tub and separate shower |
| Guest Bedroom 1 | 15′ x 12′ | Carpeted flooring, plush window treatments | Queen-size bed, walk-in closet, ensuite bathroom with shower/tub combo |
| Guest Bedroom 2 | 14′ x 16′ | Hardwood floors, custom built-in shelving | Queen-size bed, walk-in closet, ensuite bathroom with shower |
| Living Room | 25′ x 18′ | Hand-scraped hardwood floors, custom built-in entertainment center, plush furnishings | Floor-to-ceiling windows, fireplace, high ceilings, surround sound system |
| Dining Room | 16′ x 12′ | Hand-scraped hardwood floors, custom lighting fixtures, elegant table settings | Space for 8-10 people, access to outdoor patio |
| Kitchen | 15′ x 10′ | Granite countertops, stainless steel appliances, custom cabinetry | Island with seating, built-in microwave, double ovens |
| Outdoor Patio | 20′ x 15′ | Travertine pavers, built-in barbeque, outdoor lighting | Perfect for entertaining, ocean views, direct access from dining room |
Property Systems
The property’s systems are state-of-the-art, ensuring optimal comfort and efficiency.
- Heating and Cooling: The residence features a high-efficiency central air conditioning and heating system, maintaining a comfortable temperature throughout the year. This system is equipped with smart thermostats for precise control and energy savings. Examples include programmable thermostats that adjust temperatures automatically, and smart thermostats connected to the home’s Wi-Fi network that allow remote control.
- Electrical: A comprehensive electrical system ensures ample power throughout the house. Modern wiring and outlets provide convenience for all devices and appliances.
Security Features
Advanced security measures safeguard the property and its occupants.
- Security System: The property is equipped with a sophisticated alarm system, including motion sensors, door/window sensors, and a central monitoring station. This provides a layered defense against unauthorized entry.
Closure
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In conclusion, 7 Oakwood Terrace Palm Beach stands as a testament to timeless elegance and sophisticated living. Its unique blend of history, location, and potential makes it a truly remarkable property. We’ve explored its various facets, from its architectural splendor to its potential uses. Ultimately, 7 Oakwood Terrace Palm Beach presents a compelling opportunity for those seeking a luxurious and prestigious residence in a highly desirable location.
FAQ Corner
What is the approximate size of the property?
Detailed square footage information is available upon request.
Are there any nearby schools?
Information on nearby schools and their proximity to 7 Oakwood Terrace is available upon request.
What are the estimated maintenance costs for the property?
Maintenance cost estimates are not available in the current Artikel. Further information is required to provide a detailed estimate.
What are the current zoning regulations for the property?
Specific zoning regulations are detailed in the zoning section of the property information.
