Frenchman's Reserve is a large community located in Palm Beach Gardens Florida just north of Atlantic Road and South of Frenchman's Creek. This community has several different styles of homes, golf course properties and attached townhomes. This is a gated community accessible from Hood Road just off Highway 811. The community features many amenities such as tennis, the clubhouse and of course the golf course.
The term "Affordable" is all relative; affordable housing simply means less than 30% of your income is going towards your housing payment to it really depends on your income. Affordable for one may not be for another. However, there are some lower-priced homes in Frenchman's Reserve starting at around $400,000.
At any given time there's roughly 20 to 25 properties for sale in Frenchman's Reserve. Currently the lowest price home is $479,900 for a two bedroom and two bath property. The highest priced home is $3,145,000. So you can see the dramatic difference in price ranges in this one small community.
The median home price is $1.1 million and there are more properties around this price range up to about $1.6 million than any other price ranges.
Homes priced around $1.1 million are typically three and four bedroom floor plans around 3400 ft.² of living space and a three car garage.
If you're considering a home in Frenchman's Reserve you'll need to also keep in mind the taxes and homeowners dues. HOA dues are around $750 per month and taxes are around $12,000 per year. The monthly homeowners dues cover cable, common area maintenance, common area real estate taxes, lawn care, management services, reserve funds, security and trash removal.
When you purchase a home in Frenchman's Reserve club membership is required and equity purchase is also required. Golf equity is available as well as other types of membership.
Click here to see a list of all Frenchmen's Reserve homes for sale or feel free to contact me at any time for a private tour of any of the properties for sale in Frenchman's Reserve.