News Summary
In an impressive real estate transaction, the Arrigo family has sold their custom mansion in Jupiter, Florida for $35 million. Located at 5250 Pennock Point Road, the sprawling 14,013 square foot estate sits on a 1.36-acre lot with direct access to the Loxahatchee River. This off-market sale signifies the thriving luxury real estate market in South Florida, highlighting demand for high-end properties in exclusive neighborhoods. With a legacy tied to the family’s dealership empire, this sale marks a significant moment in Jupiter’s competitive real estate landscape.
Jupiter’s Real Estate Buzz: Arrigo Family Sells Luxurious Mansion for $35 Million!
Jupiter, Florida, has recently been in the spotlight with a stunning real estate transaction that underscores the high-value market in this picturesque coastal community. The prominent Arrigo family, known for their successful Chrysler Dodge Jeep RAM dealerships in West Palm Beach and Tamarac, has just sold their custom mansion for an impressive $35 million!
Luxury Living at 5250 Pennock Point Road
The lavish property, located at 5250 Pennock Point Road, spans around 14,013 square feet and is nestled on a spacious 1.36-acre lot. With its prime location at the mouth of the Loxahatchee River, it offers great water access for boating enthusiasts. Families and individuals who thrive on an outdoor lifestyle will find plenty to love about this stunning venue.
Interestingly, this sale was conducted off-market, meaning that the home was not publicly listed for sale prior to the transaction. The Arrigo family made this sale through a trust, with Joseph Arrigo stepping in as trustee. On the other side, the buyer was represented by the Dolphin Revocable Trust II, with Christopher H. Koch managing the deal.
A Deep Dive into Features
While specific features of the mansion remain under wraps, local county records give a hint at its quality. The property was constructed by Jupiter-based Onshore Construction & Development, a respected general contractor known for creating custom homes throughout northern Palm Beach County. This hints at the possibility of beautiful, high-end finishes and unique designs, consistent with the luxurious vibe of Pennock Point.
A Legacy of Luxury
The sale of the mansion comes as a poignant moment for the Arrigo family. The late Joseph Arrigo, the father of the seller, was a pioneer who established the family’s dealership empire but sadly passed away in 2022. His legacy lives on through the success of his family and their ventures, including this remarkable sale.
Competitive Vibes in Pennock Point
Pennock Point is a hotbed of luxury real estate, where homes rarely change hands for less than seven figures! It’s a neighborhood defined by its upscale homes and pristine waterfront views, drawing affluent residents, including a fair number of professional athletes. The rare combination of privacy and luxury makes it an attractive destination for anyone hoping to invest in a serene residential enclave.
Why Location Matters
The proximity to the Loxahatchee River offers residents numerous opportunities for boating and water sports, thanks to the easy access to the Jupiter Inlet and the Atlantic Ocean. Additionally, those living in Pennock Point enjoy the convenience of nearby amenities like local beaches, renowned golf courses, shopping centers, and fine dining eateries.
Oversized lots contribute to the privacy offered by this community, which is a significant draw for residents looking for seclusion without sacrificing luxury. This combination highlights why properties in this area are held in such high regard and command such premium prices on the market.
The Bigger Picture: Market Trends
This sale by the Arrigo family not only emphasizes their investment interests but also mirrors broader trends in South Florida’s luxury real estate market. The value attached to high-end properties in Jupiter is a testament to the area’s allure and the ongoing demand for quality residences that offer both comfort and style.
As Jerusalem continues to thrive in the luxury market, one can only anticipate what other remarkable properties might also enter the scene in the near future. For those dreaming of residing in a stunning waterfront community, the chase might be worth it as homes like the Arrigo mansion continue to reshape the notion of luxury living!
Deeper Dive: News & Info About This Topic
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- Google News: Jupiter Florida Real Estate Market Trends
