Gulf Stream, FL Real Estate Market
At 8.0 months of supply, Gulf Stream is leaning toward buyers right now, so you have time to look carefully and weigh each house before committing. This is a small market. Just 21 homes sold in the last 12 months, and 14 are listed today. Every house deserves to be judged on its own merits.
Gulf Stream Home Prices
Most of what changes hands here is high-end: 90% of last year's sales were in the $1,000,000 and up range. The median sale came to $4,795,000, or $1,319 per square foot. Another 10% sold between $400,000 and $500,000. If that range fits your budget, compare those homes by size and price per square foot rather than treating them as a discount on the larger houses.
Making an Offer on a Gulf Stream Home
Here's what that means for your offer: homes sold at a median 95.5% of their final list price after a median 70 days on the market, so a well-reasoned offer under list is a fair place to start on many properties. Don't count on it every time, though. 19% still sold above asking, and when a house checks every box, it can draw more than one buyer.
Gulf Stream Home Sizes and Lots
Expect generous space. The typical home has about 3,520 sq ft of living area, 4 bedrooms and 4 baths on a 21,780 sq ft lot. Larger layouts show up often: 24% of homes have five or more bedrooms, while 20% have three. Smaller floor plans exist too, with 1-bedroom homes at 8% and 2-bedroom homes at 14%. If you want everything on one level, note that 41% are single-story, so filter for that early.
Gulf Stream Homes with an HOA
Plan on HOA terms coming up in most of your conversations: 62% of homes report one. Read the rules and the budget before you fall for a house, because they shape what you can do with the property and what you'll pay to own it.
Questions to Ask Before Offering on a Gulf Stream Home
- Built around 1980: which systems, such as the roof, plumbing, electrical and windows, have been replaced, and when?
- With an HOA so common here: is this home in one, what do its rules allow, and what do its fees include?
- On a lot of around 21,780 sq ft: where are the property lines, and are there any easements?
Buying a home in Gulf Stream
Finding a home is about more than the listing. Chris Kull can answer questions about the property, the neighborhood and what you should know before making a decision.
If you are planning to sell, I can help you understand what similar homes are selling for and where your property may fit in the market. Call or text 561-440-0777 or send me a message.
