What brought you to Palm Beach?
I’ve always had an affinity for the area. Over time, I noticed a shift in the dynamics of the real estate market here. There was an opportunity to create a new firm that fuses the best aspects of all my corporate experiences with the flexibility and personal attention that active local ownership and management could bring. I leapt at the opportunity to open Fite Shavell & Associates and moved my family to Palm Beach.
Though the name is new, you have tremendous experience in the market and business. Give me just a little bit of your professional background.
After graduate school at the University of Michigan (GO BLUE!), I honed my financial skills as Vice President of Investment Management at Goldman Sachs, Vice President of Real Estate Finance at Cendant Corporation and then as CFO at The Corcoran Group and CFO of Prudential Douglas Elliman – the largest real estate firm in New York.
Fite Shavell & Associates is a new venture. What do you envision for the firm on the Island?
Wade Shavell and I are excited to make Fite Shavell & Associates the number one real estate firm in the Palm Beaches and in Florida – making it a world renowned, locally owned and operated, real estate firm based in Palm Beach. We are well on our way!
How many agents are working at Fite Shavell Associates at this time?
Currently, we have over 50 agents working with Fite Shavell and Associates providing expert representation for sellers and buyers of real estate from Jupiter to Boca Raton.
Having seen ups and downs in the real estate market in the Northeast, do you think Palm Beach is somewhat insulated from the shifts?
No area is “insulated” from macro market turmoil. However, Palm Beach is a fantastic place to live – the community offers a small town ambiance with world class amenities. A number of unique characteristics enable Palm Beach to hold its own in times of economic uncertainty, such as the wide range of property types and values, the bevy of cultural activities and the abundance of outdoor activities for an active lifestyle. We are seeing continued demand in our market as a result of these traits.
Do you have a dream listing on Palm Beach?
We at Fite Shavell & Associates appreciate that every home is special to the seller and to the ultimate buyer. Therefore, every listing is a dream listing! We highlight what makes each property unique and then our agents actively collaborate to match our buyers with the right properties.
Beyond a business real estate firm, how do you spend your time away from Fite Shavell & Associates?
Our two young boys help my wife and I spend our free time. We love to go to the beach at the north end of the island where we live. It is one of the most beautiful beaches in the world. We love to fish off the jetty, surf, and explore the beach. We also love to play tennis and golf.
Are you involved in the community?
Fite Shavell & Associates is actively sponsoring activities throughout the community including the Palm Beach recreation center sports teams for children, multiple local and national charities and the Palm Beach Super Car Weekend. My wife and I are also very active in volunteering at the Benjamin School.
What is the most spectacular moment in life for David Fite thus far?
Why, marrying my wife, of course! (Smart answer, right?!) Followed closely by the birth of my sons.
What is your favorite restaurant in Palm Beach?
My wife is a fabulous cook – so there is always a great meal at home. We are actively exploring all of the great restaurants in town. So far, Nick & Johnnies is great for happy hour (across the street from our office!), the boys like Rocco’s Tacos, and I really like the food and atmosphere at Bice.
What is your favorite place to show a visitor in Palm Beach?
The fabulous homes along the ocean, taking a bike ride down the lake trail and the beach! However, my boys would say the “Diva Duck” boat ride!
What is your favorite thing about living in Palm Beach?
I was a competitive swimmer in college. So, being able to swim my laps outside, every day, year round is the BEST!! The weather here is so incredible. I can’t believe it took me 40 years of freezing up north to finally move to this paradise!
For more information about Fite Shavell & Associates, visit www.fiteshavell.com or call 561-655-6570.