Heralded as the “It” destination in South Florida by The Robb Report and The New York Times, Palm Beach Gardens real estate is thriving. Located in Florida’s beautiful Palm Beach County, Palm Beach Gardens is a flourishing area located north of West Palm Beach. The community is situated in the northern part of the county, within the South Florida metropolitan area. Palm Beach Gardens real estate is a market that continues to accommodate the city’s growing population of nearly 49,000 residents.
Palm Beach Gardens real estate is highly noted for the area’s exclusivity, especially among several large gated communities. Additionally, the city has comparatively strict zoning laws.
Palm Beach Gardens real estate is nestled among the leading shopping area of the southeast. If you love to shop, you are sure to be particularly pleased with the many luxury retail stores in and around Palm Beach Gardens, as well as The Gardens Mall and Downtown at the Gardens, which comprise the center of the city’s retail market.
Spotting a celebrity is an easy feat while in Palm Beach Gardens. The city is a strong magnet for high profile people and celebrity types from all over the world.
The schools in Palm Beach Gardens attract families who are seeking quality education for children. The local elementary, middle, and high schools of the city are considered quite competitive with other top tier schools in the United States.
With its prime location in South Florida, exclusive luxury gated communities, fine shopping, and excellent schools, Palm Beach Gardens is undoubtedly one of the most desirable relocation cities in all of Palm Beach County, and in the state of Florida.
History of Palm Beach Gardens
Before Palm Beach Gardens real estate was developed and the city was incorporated, the land primarily consisted of cattle ranch land and pine forests, as well as some swampland further west. In 1959, a gentleman by the name of John D. MacArthur set forth his plans to develop 4,000 acres of the land. A wealthy landowner and insurance tycoon, MacArthur chose to name the land Palm Beach Gardens, after his first choice of Palm Beach City was denied. The Florida Legislature denied this name due to its similarity to the nearby city of Palm Beach.
In the year the land was set forth for development (1959), the city of Palm Beach Gardens was incorporated as a “paper town,” meaning that the city was not yet built and only existed on paper. By 1960, the city area officially garnered a population of one. The sole resident was a squatter, whom MacArthur permitted to stay on his property. After 1960, Palm Beach Gardens real estate development rapidly advanced, and ten years later, the city boasted a population of approximately 7,000 residents.
In order to showcase the new community, MacArthur decided to purchase an impressive, 80-year-old banyan tree that was located in nearby Lake Park. The tree was slated to be cut down in order to enlarge a dentist’s office. The removal and transport of the tree cost MacArthur around $30,000 and its relocation took more than 1,000 hours of manpower. During the move, as the tree crossed over the Florida East Coast Railway, it shifted and disconnected the Western Union telephone and telegraph lines that ran next to the railroad. This episode cut off most communications between the city of Miami and the outside world, until the damage was repaired.
MacArthur loved the tree so much for his Palm Beach Gardens community that he had a second banyan moved to the city the following year.
Today, the two banyan trees still remain at the center of Palm Beach Garden’s MacArthur Boulevard, near Northlake Boulevard, and the trees are prominently featured on the city shield. Recently, in January of 2007, artist Alexandre Renoir introduced a painting to Palm Beach Gardens that depicts the city’s banyan tree. Renoir is the great-grandson of famous impressionist artist Pierre-Auguste Renoir. His painting is currently on display at the Palm Beach Gardens City Hall on the North Military Trail.
Throughout the 1970s and 1980s, the growth of Palm Beach Gardens real estate remained slow yet steady. The population at that time had not yet reached the count of 55,000, a number that MacArthur had envisioned at the onset of his city creation. However, the slow growth would soon change. The opening of the 1.3 million square foot Gardens Mall in 1988 kicked off a new wave of city development. Palm Beach Gardens real estate skyrocketed at this point and growth continued well throughout the 1990s. In 1999, approximately 5,000 acres in the city were sold by the John D. and Catherine T. MacArthur Foundation. The property was quickly developed, leading to additional growth of Palm Beach Gardens real estate.
Golf Capital of the World
The city of Palm Beach Gardens is notably home to a number of associations and corporations. Palm Beach Gardens is the headquarters for the Professional Golfers Association of America, thus referring to itself as the “Golf Capital of the World.” There are a total of 12 golf courses with the Palm Beach Gardens city limits, including a course that is owned by the municipality itself.
Since 1971, a number of PGA tournaments have been hosted in Palm Beach Gardens. Most recently, the Honda Classic was hosted at Palm Beach Gardens’ PGA National Resort and Spa in March 2007. Previously, in 2003, 2004, 2005, and 2006, the Honda Classic was hosted at the city’s Country Club at Mirasol.
Other than golf, there are many other businesses headquartered in Palm Beach Gardens, including Ameribank and Wackenhut Corporation. Also, the city has the first and one of just three PAUL bakeries in the United States. Palm Beach Gardens is also home to the Eissey satellite campus of Palm Beach Community College, a learning institution that includes the Eissey Theatre for the Performing Arts.
For more information about Palm Beach Gardens real estate, contact the expert Realtors of Realty International at 561-340-1636 today.
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