According to MLS data, there were 80 condos sold by Realtors in the past 12 months that were erroneously listed in the town of Palm Beach. Surprise! The condo you bought is really in the town of South Palm Beach.
The town of Palm Beach is home to Billionaires Row and the island has a very large tax base with plenty of funds in reserve for things like beach restoration.
Why are Realtors misrepresenting the town?
The town of South Palm Beach is only 5/8 of a mile long, and as a result, they have a very small tax base. It is quite possible residents in South Palm Beach may see a special assessment for things like beach restoration.
Location, location location! There is plenty of evidence to show that property values are higher in the town of Palm Beach. Confirm the town before you buy!
