By GERRY BARKER
North Palm Beach Life/ email@example.com
Ten years ago, Kolter purchased a prime piece of real estate in North Palm Beach on the Intracoastal Waterway for a condo project. Not long after, the real estate market hit a recession and those plans went on the shelf.
But as the saying goes, good things come to those who wait. When the market bounced back, new plans were drawn up for the highly desireable location at 1280 US Highway 1. Now, the glistening white towers of Water Club are almost ready for its first occupants.
In fact, the condo units have been so desirable, Kolter just announced an exciting addition.
"The Village of North Palm Beach just approved a third tower," said Ed Jahn, Senior Vice President for Kolter Urban in a recent interview. "The village has been wonderful to work with," he added.
Jahn said they have over 75 percent of the 162 units in Towers One and Two under contract, and next up will be taking reservations for Tower 3, which is expected to be ready in the next two years or so.
Who's buying? Jahn said the majority of buyers are making Water Club their primary or secondary home. "We have very few investment buyers," he said. He also noted with interest that some are relocating from traditional golf communities in favor of the lifestyle Water Club offers. "People are putting their 5,000-square foot homes up for sale,"Jahn noted, deciding to forego golf memberships they may no longer use.
Water Club offers a choice of four different floorplans in the Towers, priced from the mid-$800,000s to over $3 million, along with 20 Villa residences -- two and three-story homes clustered near the Intracoastal.
Besides the great views, there is a long list of amenities and features residents will enjoy, including:
-- Private boat slips and a day dock and short-term comings and goings
-- A 75-foot lap pool, along with fire pits and an outdoor kitchen
-- Small craft and kayak launch area
-- Clubhouse and fitness center
-- Pickleball court (a hybrid of tennis and ping pong)
-- A dog park
Speaking of dog parks, Jahn talked about how Kolter is pet-friendly. "Residents can have up to three pets," he said, "with no weight restrictions." He said there are some aggressive breeds that are not allowed, and all pets require HOA approval.
Expecting out-of-town guests? No problem. Jahn said Water Club has two guest suites available by reservation.
The high-grade construction includes the latest in hurricane-resistant windows, which means no hurricane shutters required, a plus for seasonal residents.
Jahn expects the first residents will be moving in by the third quarter of this year. And shortly after, no doubt reserve a cabana or grab a chair by the pool to watch the boats moving on the Intracoastal. Welcome to North Palm Beach.
More information: Water Club Website
The Village of North Palm Beach just approved a third tower. . .(they) have been wonderful to work with."