Luxury Florida Haven Sees Boom in Buyers Seeking Third Homes—at More Affordable Prices

Florida’s luxury real estate market is seeing a notable shift as affluent buyers who want to add a sun-drenched home to their portfolio seek third homes inside a laidback waterfront community known for its golfing.

Palm Beach Gardens is “a great neighborhood for third-home buyers who are seasonal,” says Johnny DelPreteof Douglas Elliman, who lives in nearby Jupiter. “They’ll have the retail, shopping, restaurants, and of course, golf courses.”

Unlike nearby Palm Beach, Manalapan, West Palm Beach, and Jupiter Island, Palm Beach Gardens isn’t known for the jaw-dropping price tags those areas routinely ask. “It’s a lot cheaper than Palm Beach,” DelPrete agrees…

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