This winter, Upper East Side art consultant Terry Kahan finally decided it was time to trade his black turtles for poolside caftans.
“It’s been a little dwindling, but many of my clients have been to Palm Beach. I thought I needed to be there,” Kahan said.
But she soon realized that moving to South Florida Shangri-La was never the same.
“I finally found it [a condo] I liked it, but as soon as I made the offer, more than $ 200,000 came from someone else asking, ” he said. Kahan then bid for another home, but the owner found it to be a flipper: the home has recently sold, has received more zuz than renovation and they are now asking for twice what they initially paid.
She left in 24 hours.
“The owner was not upset because someone took it immediately for more than I was going to pay,” Kahan lamented.
With only a few options to buy or rent in the area, she has only one option: to go to a hotel for two and a half months.
She started Colony Hotel, A chic social seat not far from the Ritzy Worth Avenue Shopping District. He loved working with Chase from Poole and wanted to extend his stay, but was forced to relocate as the hotel was sold last month. So she jumped off the island BenThe Marriott product at Intracoastal in West Palm Beach.
There, they were able to secure the room with a terrace and water view (the high-season average rate is $ 600 per night, with a 15% discount for those staying 30 days).
“It’s easy to live in a hotel,” said Kahan, who held meetings at the hotel’s restaurants and was able to pursue his favorite New York exercise classes in the outdoor setting – fitness star Isaac Boots teaching classes. A stroll across the bridge from the Lawn and Soul Cycle Ben of Colony held al fresco sessions.
“I was able to get at least a discount on long stays,” he said. “But it was difficult to negotiate because room rates have been rising since last year.”
Kahan actually likes the lifestyle.
“In a hotel, everything is at your fingertips. It’s more expensive, but you don’t have to buy furniture, hire a housekeeper, or sign any contracts,” he said. Which is a bit challenging because he runs into other people’s rooms and eats the food trays left in the hall. “
But she admits it can be difficult to stay organized with “less closet space.”
“I’m constantly looking for things,” she let out a sigh.
Since there is no washer or dryer in any hotel, she found a service called Sudshare that takes her dirty trash and returns it to the front desk the same day.
Kahan alone does not live long suits.
Seeking fresh air and low taxes, the very rich said it would suffice in 2020 and plucked the island’s vast Mediterranean estates. Even more modest homes and rentals have disappeared.
In fact, residential sales in Palm Beach broke the $ 4 billion mark for the first time last year – and more than doubled the watermark to 2020, which set Corcoran’s fourth-quarter report at $ 2.4 billion.
In February 2021, a special house on 2 acres at 535 N. County Road was sold to private equity firm Scott Schleifer, a partner in private equity firm Tiger Global Management, for $ 122.7 million – but sources told the Palm Beach Daily News. It was close to $ 133 million. Other estates of $ 106 million, $ 85 million and $ 42 million were late.
“We have more buyers than sellers, and I don’t see that changing anytime soon with all financial institutions moving their offices here,” said Alison Newton, a broker at Douglas Elliman in Palm Beach. “We have 200 home listings for sale at any time before the epidemic and currently only 25% of that number.”
For those who are capable, getting in an efficient sized space may feel like a compromise, but Brenda Hamilton and her husband, Hayden, wear colorful suits, cravats and straw hats, are very happy that they’ve already booked. Next year.
The couple usually live in a spacious 3,000-square-foot oceanfront condo in Myrtle Beach, SC, and began visiting Palm Beach eight years ago for a combination of work and enjoyment – this year’s so-called one-bedroom unit at Tony’s. Brazilian Court Home from mid-January to early March. Rooms there start at around $ 1,400 per night, but long-term guests get a discount of up to 15%.
He found it easier to transition from hotel to hotel life with the MacGyver-esque maxi.
The Hamiltons scored the first-floor unit, which opened to the hotel’s lush grounds and beautiful courtyard, which had an expanded backyard for them. They enjoyed reading and relaxing in the outdoor lounges, then enjoying cocktails every evening at the property at Cafe Boulud.
“We can’t really live in the same room because there are lots of seating in and out of the gardens,” he said. “We’ve met so many fascinating people.”
But this does not mean that there was no trouble in heaven.
“It’s $ 6 to launder a t-shirt here, and I spend it on a glass of wine, so I used a room jacuzzi to wash my clothes,” she laughed.
The couple turned their breakfast table into vanity because they only had one bathroom and set up a home gym in another area using a large mirror as a corner, for weight, TRX bands and zoom classes with a tripod camera. His coach. The kitchen is just a wine cooler and fridge.
“I’m usually a neat freak, but here I can be more casual and a little messy,” he said.
A low-cost camouflage from the bling of Palm Beach Island, Delray Beach in the county, 20 minutes south, is now overflowing in Palm Beach.
Marion Wise, a retired speech pathologist and retired dentist, John Sherman – who has been dating for two years – had his eye on the area. They both lived in large Long Island homes for most of the year but soon realized that their $ 9,000 to $ 12,000 combined budget was not available to rent, so they locked in a one-bedroom suite. Delray’s Residence Inn.
Their room had a kitchen, but because of the walking distance from hotel restaurants, they only used to collect snacks and serve breakfast.
“Cooking and not cleaning up feels like a vacation,” said Wise, who swims every day and golfs with Sherman. “We like to get down and enjoy breakfast in the pool. It’s big enough to do laps.”
But it took some organization to share a bedroom and bath for weeks.
“The first thing I did was go to Target and pick up the towel hooks and then order the bathrobes from Amazon,” he said. “We really need a shower caddy.”
Likewise, Joe and Beverly Gordon got rid of Palm Beach Island completely and settled into a room with an alcove and large balcony in Delray’s luxury. The Seagate HotelThere, standard king rates start at about $ 750 per night.
To make it work, the couple requested a refrigerator and a clothing rack with a two-bedroom apartment on the Upper East Side and a six-bedroom home in East Hampton.
“I use the chair for clothing,” she admitted.
“We didn’t have a kitchen and I couldn’t cook, but there was a coffee maker and microwave, and they cared for whatever we asked. The staff here is fantastic. ”
One of the things that has pleased most new long-term hotel residents is the benefit of having onsite staff.
“I am now in Publix to buy special butter for the guest,” said Philip Bryce, manager of the Eau Palm Beach Resort and Spa Club Lounge, who takes care of many long-time guests.
They unpack their luggage, arrange to carry their cars down and set up framed pictures of their family and dogs so they feel at home. They request additional furniture, drawers and shoe racks.
“When someone’s kid wants potato chips, we make them from scratch in the kitchen,” he said.
Brenda Hamilton sells forever in the Bible Salesmen-Approach to the Florida Holidays.
“The Brazilian court staff was like a big family. And why do I want to cook and clean? ” She asks. “Here, I have room service and the wallet packs our car when we leave.”