On one of our recent many explorations of the state, we decided to visit Jupiter, Florida. We are really passionate about looking beyond the traditional hotspots in order to find the best lifestyle opportunities for our clients. Often, going slightly further afield can help our international buyers find the exceptional lifestyle they’ve been searching for, at a better price point or with a better value proposition.
Jupiter Florida is a good example of this. Located slightly further away from the famous splendor of West Palm Beach, Jupiter is still only 17 miles from West Palm Beach International Airport and offers a great lifestyle, wonderful amenities, and beach living at a lower price point than it’s famous sister.
Indeed, buyers in Jupiter are spoiled for choice when choosing their desired lifestyle. The surrounding area has beaches, hiking trails, nature preserves, and all manner of water-sports including kayaking and paddle-boarding. While nature lovers are a stone’s throw from some spectacular wildlife and flora and fauna, a recent new development, Harbourside Place, provides the high-end shopping, dining, accommodation, and entertaining visitors to the West Palm Beach area demand.
Harbourside Place: Jupiter Florida’s Luxury Downtown Experience
We visited Harbourside Place to get a sense of what’s on offer and were really impressed. Arriving on a Sunday, we were able to enjoy the farmer’s market, with fresh and abundant produce from south Florida farms.
The development includes waterfront hotels, retail, office and restaurant space, and a marina. There is also a public amphitheater and connection to Riverwalk, a 2.5-mile pathway from Jupiter Inlet to Ocean Way. The amphitheater and outdoor spaces play host to a number of events, designed to make Harbourside the go-to gathering place in Jupiter. Markets, live music, play days, free yoga, and Tai Chi classes are just a few of the regular happenings.
The Harbourside extension offers runners, cyclists, and walkers opportunities to rest and enjoy the beautiful waterfront views. Further features of the Riverwalk extension include a new public access dock, several drinking fountains (including dog water fountains), an abundance of landscaping, as well as nature and wildlife viewing opportunities.
For those who enjoy the boating lifestyle in Florida, the new public dock is designed to give visiting boaters direct access to the Riverwalk, while an adjacent dock has slips for residents and holidaymakers to use.
Eb-5 Investor Visas in Jupiter Florida
We were particularly interested in Harbourside as it’s a great example of the benefits of foreign investment in Florida. This stunning waterfront park has been created through foreign investment and has created at least 2000 new jobs so far.
The developer of Harbourside won federal approval five years ago to develop Harbourside as an EB-5 regional center. Using the EB-5 investor visa program, about 200 foreign residents invested $500,000 each. This raised $100 million of the $150 million project. About 65 percent of the investors are from China. The other investors are from countries such as South Korea, Taiwan, Russia, Brazil, Sweden, Italy, France, and England.
For more information about how investment in projects like Harbourside Place, Jupiter Florida can gain you a visa and lead to permanent citizenship in the US, check out our article on The EB-5 Investor Visa.
The Property Market in Jupiter Florida
There is a wide variety of property available in Jupiter, and many variations in spec, location, and price points. To give a very general indication: a 1 bedroom condo a short walk from the beach in a pool complex will set you back around $180,000. A higher spec sea view 2 bedroom condo will cost in the region of $350,000.
Moving inland, away from the ocean, $830,000 buys an expansive luxury 3 bedroom home with lakeside views, while a more modest $400,000 will buy you a charming 2 bedroom golf course home. At the very top of the market? Inland for around $9 million you can expect a spectacular 6 bedroom home with a 2-3 acre private enclave and direct access to the Intracoastal, or for between $3-6 million a 4 to 6 bedroom home on a smaller lot with ocean views, or direct beach access.
