Crane company founder sells Jupiter Yacht Club condo for $920K

Steven R. Zeiger and his wife, Nancy, sold their three-bedroom, three bath condo in the Jupiter Yacht Club at 600 S. U.S. Highway 1 in Jupiter for $920,000 to Gary R. Brown and his wife, Lynn, on June 25.

There are 149 units in four buildings in the Jupiter Yacht Club.

Mr. Zeiger is the owner and president of Zeiger Crane Rental Service, a heavy-lift crane company headquartered in West Palm Beach. He formed the company in 1985.

Condo sales in Jupiter dropped 20 percent in 2007. The median sale price also fell from $334,000 to $282,000.

Sales in the Jupiter Yacht Club dropped 83 percent in 2007. The median sales price fell $20,000, from $962,500 in 2006 to $942,500 in 2007.

Address: 600 South Us Highway 1, Unit: Unit 508
Buyer(s): Gary R Brown and Lynn D Brown
Seller(s): Steven R Zeiger and Nancy Zeiger
Sale date: Jun. 25, 2008