Archive for the ‘FL’ Category
November 18 2008
David Fite and Wade Shavell celebrate their new Palm Beach real estate venture
Over 400 guests attended the grand opening of Fite Shavell and Associates, a luxury real estate brokerage located in the heart of Palm Beach. “We couldn’t be happier with the turn out. This event gave us a chance to convey to the local real estate community our proactive approach and excitement in promoting Palm Beach’s unique lifestyle,” said principal David Fite.
The by-invitation only event allowed friends, family, real estate professionals and members of the Palm Beach community, a first-hand peek into their new office outfitted with innovative internet technology and sleek, modern décor. Party-goers entered through a red carpet walkway lined with greenery where they were greeted with fine Padania Wines and exquisite hors d’oeuvres prepared by Pelican Cafe. Guest mixed and mingled between the lobby of the agency and the breezy outside pavilion equipped with cocktail bar, catered food display and the sounds of Deejay Jean Marc Halimi. Some of the evening’s guests included
Stephen Myers Sr., Stephen Myers Jr. and wife Kerri of Pine Creek Sporting Club; Dan and Karen Swanson, Victoria Rixon, Tony Comorate and Deb Vasilopoulos of Lydian Bank; Jim Pappas, Palm Beach Mayor Jack McDonald, Tim Benitz, Scott Sloan and Rosalie Deitz.
Information: www.fiteassociates.com or 655.6570.
A Q&A session with the Principal of Fite Shavell & Associates for the Real Estate Yearbook from Avenue Magazine
How has the market performed in the past year?
Palm Beach is holding its own. For the first six months of 2008, the median price of a single-family home sold in Palm Beach, as compared to last year, increased 9 percent to $4.3 million. Also interesting to note is that in addition to the higher average price, there were four properties that had sales prices of more than $20 million. A recent sale in July topped $95 million.
Palm Beach is a fantastic place to live—the community offers a small town ambiance with world class amenities. This market is appealing to Americans, as well as to international buyers. We are optimistic that demand will continue to drive a robust real estate market.
Is this a good time to buy? Can you offer any advice to potential buyers?
It is always a good time to buy in the Palm Beaches. Over the past ten years, the market has experienced unprecedented growth, with properties available in a wide range of prices. Baby Boomers are drawn to the active lifestyle and cultural activities; Generation-Xer’s, who are beginning to enter our market, are also drawn to the abundance of outdoor activities.
We see a strong real estate market moving forward. Rich in history, the Palm Beaches continue to evolve.
Exciting new communities are developing and fabulous individual estates are being built. There is something to accommodate every lifestyle. Now is a great time to visit, to enjoy the wealth of culture and activities, and tour Fite & Associates’ current listings.
What is your dream project?
My experience as the CFO of the two largest residential real estate firms in New York prepared me well for my dream project: the founding of Fite & Associates. I am now fully dedicated to making Fite & Associates a world renowned, locally owned and operated real estate firm in Palm Beach. Our approach is quite different than our competitors. Our agents actively collaborate to match buyers with the right properties. We promote a strong sense of teamwork and camaraderie within the company.
1. The Beach…duh!
Phipps Ocean Park, located on Ocean Boulevard, stretches along the striking South Florida coast. The beach is a hot spot for locals and tourists alike, and it is easy to see why. Phipps Ocean Park is more than the typical Florida beach. There are playgrounds, tikki huts, barbeque pits, picnic tables and more. The shallow crystal blue shoreline makes for a beautiful Florida day for snorkeling, surf fishing and swimming.
2. Town of Palm Beach Golf Course
The Town of Palm Beach Par 3 Golf Course is one of the most uniquely designed and prominent courses in Palm Beach, is open to the public and is set right in the intersection of the Intracoastal Waterway and the Atlantic Ocean — so close that if you swing too hard you might send your ball sailing off into the ocean. The rolling green hills set the stage for the 18-hole course with sand dunes, palm trees, lagoons, and even wildlife as its natural obstacles. Each and every hole captures the majestic beauty of the Palm Beach landscape.
3. The Flagler Museum
Built in the Gilded Age, the Flagler Museum, enriched with American history, is one of the most extraordinary displays of unending prosperity. The classic white mansion located along the beautiful shorelines can only be compared to a historic monument in the ancient Roman Empire, and Henry Flagler and his partners, such as J.D. Rockefeller, who revolutionized economic progress in America, were the gladiators of their time. The inside of the mansion features colossal columns holding up soaring arched walkways and a sunroof that lets in the warm light of the Florida sun. Tour the museum or join afternoon tea in the café and participate in the tradition of America’s wealthy society.
4. Breakers Hotel
Just one night in Palm Beach’s legendary hotel, The Breakers, is all it takes to experience the unparalleled luxury. The hotel features two 18-hole golf courses, an ocean view fitness center, ½ mile of private beach, five swimming pools, 10 tennis courts and eight luxury restaurants. Make sure to also visit the 20,000 square foot spa and book the Ocean Breeze treatment, a massage on a peaceful outdoor terrace with the sound of the waves to send you off into ultimate relaxation. Whether it’s a week long vacation or just a day or night out, the 140 acre oceanfront resort has enough services and amenities to make you never want to hear the words “check out.”
5. Taverna Opa
The Taverna Opa in Palm Beach is the epicenter of the distinctive and exciting city nightlife. The trendy restaurant and bar is alive with Greek lifestyle featuring authentic music, food, drink and culture. In one sitting you will experience belly dancers dancing on tables and napkins tossed up into the air. This place is a nonstop celebration. It is so much fun that before you know it, it could be you who ends up dancing on the table.
6. The Garden’s Mall
The Garden’s Mall, located in Palm Beach Gardens, is a heavenly haven for any type of shopper. The upscale mall features an extensive collection, 160 to be exact, of fine specialty shops with a wide range of name brand retailers such as Chanel, Gucci, Ralph Lauren and high-end department stores like Nordstrom, Saks Fifth Avenue and Bloomingdale’s. This Palm Beach prize can keep you and your wallet busy all day long.
7. Palm Beach Cardinals
The Palm Beach Cardinals, a 1-A minor league affiliate for the St. Louis Cardinals, provide outdoor fun during those hot summer nights. Whether entertaining clients or just spending a night out with the family, the Palm Beach baseball games are exciting and affordable. Who wouldn’t love great seats, cheap beer and some thrilling competitive baseball?
8. Palm Beach Confections
They might still have a perfect beach body but Palm Beach residents do indulge, and when they do, they go to the Palm Beach Confections to satisfy that aching sweet tooth. Their handmade chocolates are a delight, and they feature one-of-a-kind specialties like the “Escargot” which is made of chewy butter caramel and vanilla dipped in milk or dark chocolate. Escargot has never sounded so good!
9. Lake Worth Lagoon
Lake Worth Lagoon stretches all the way from Boyton up to North Palm Beach and is the best fishing spot in the area. This lagoon is stocked with saltwater fish like snook, redfish, tarpon, jack crevalle, snapper and sea trout just to name a few. Not all areas are fishing hot spots though. You might need to squeeze the secret out of the local anglers, if they’ll tell you.
10. Real Estate
Palm Beach Real Estate is a hot commodity attracting home buyers from all over the country and the world. Palm Beach features thousands of beautiful luxury homes for any type of home buyer. If you are interested in checking out available homes in the area, visit www.fiteshavell.com to get in touch with a local realtor today.
About Fite Shavell & Associates
Fite Shavell & Associates is a locally owned boutique real estate broker in Palm Beach, with national experience and a global approach to buying and selling residential real estate. Their unique approach combines the flexibility and traditional values of local leadership with decades of experience in a range of neighborhoods, property types and deal structures in some of the country’s most sought-after luxury real estate markets. Through a commitment to personalized service, expert guidance and absolute integrity in our professional actions, Fite Shavell & Associates places the customer’s needs first and creates a clear advantage for buyers and sellers within the markets they serve.