The Real Deal Miami

A look at Tequesta’s Riverside Oaks

June 09, 2011 11:19AM

Tequesta’s Riverside Oaks project sits on the border between Palm Beach
and Martin counties. According to CoreLogic, the community has 7.5
percent of its homes in foreclosure, and 83 percent of its homes have a
homestead exemption, which means they are the primary residence of a
permanent Florida resident. That number is above the statewide 77
percent rate for single-family homes. The median market value of homes
in Riverside Oaks has fallen by 37 percent from its peak of $492,984 in
2006, dropping to $310,627 last year. [Palm
Beach Post]