Archive for the 'Real Estate News' Category
Homes Sold & Homes for Sale in Kelly Plantation – July
August 23rd, 2007 Categories: Destin Living, Real Estate News
Kelly Plantation in Destin had a good month (comparatively speaking) in July with three homes sold. They included a four bedroom, three bath, 2911 square foot home for $654K, and a four bedroom, four bath, 3354 square foot home for $1.375 million. The former sold for $224 per square foot, which is very low for Kelly Plantation. The Selling agent did note that the Seller needed to relocate (apparently quickly) out of state, needed to sell and conceded a $10K flooring allowance to replace carpet that only a mother could love.
Homes Sold in Kelly Plantation – July
Total # of Listings 3
Lowest Price Listing $654,000
Highest Price Listing $1,375,000
Average Price $1,076,333
Avg. Price/SqFt $308
Avg. Days on Mkt 157
(Click Below to Enlarge)
At the beginning of August there were 59 homes for sale in Kelly Plantation. They ranged from a four bedroom, three bath, 2414 square foot home listed at $600K to an eight bedroom, seven full bath, two half bath, 16K square foot bay front home listed for a casual $11.25 million. This home is on 1.5 acres and 410 feet on the bay. The square footage does not include a 1082 square foot carriage house.
Homes for Sale in Kelly Plantation – Beginning of August
Total # of Listings 53
Lowest Price Listing $600,000
Highest Price Listing $2,450,000
Average Price $1,239,156
Avg. Price/SqFt $367
Avg. Days on Mkt 178
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Condos Sold & Condos for Sale Grand Dunes – July
August 14th, 2007 Categories: Real Estate News, South Walton Living
Four condos sold in July in Grand Dunes. They ranged from a three bedroom, three bath unit on the 19th floor of the North Tower for $1,050,000 to a four bedroom, four bath, 3150 square foot unit on the seventh floor in the South Tower for $2.5 million.
Condos Sold in Grand Dunes – July
Total # of Listings 4
Lowest Price Listing $1,050,000
Highest Price Listing $2,300,000
Average Price $1,497,500
Avg. Price/SqFt $540
Avg. Days on Mkt 228
(Click on the graph below to enlarge)
At the beginning of August there were 50 condos for sale in Grand Dunes in Miramar Beach. At the low end is a second floor unit in the North Tower with three bedrooms, three baths for $1,049,000 and at the high end are two units priced at $2.2 million – one on the third floor of the South Tower and the other on the 23rd floor of the North Tower. Both have four bedrooms and four baths.
Condos for Sale in Grand Dunes – Beginning of August
Total # of Listings 50
Lowest Price Listing $1,049,000
Highest Price Listing $2,200,000
Average Price $1,535,550
Avg. Price/SqFt $577
Avg. Days on Mkt 269
(Click on the graph above to enlarge)
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Homes Sold & Homes for Sale in Sandestin – July
August 14th, 2007 Categories: Real Estate News, Sandestin Living
There were eight single family homes sold during July in Sandestin. They ranged from an older home in Sandestin (built in 1982) with three bedrooms, three bathrooms and 1,896 square foot for $365,000 to a 4,000 square foot home with five bedrooms and four baths for $1.9 million. The latter home overlooks a lake and the 13th tee of the Burnt Pine Golf Course.
Homes Sold in Sandestin – July
Total # of Listings 8
Lowest Price Listing $365,000
Highest Price Listing $1,900,000
Average Price $970,063
Avg. Price/SqFt $326
Avg. Days on Market 244
(Click on the graph below to enlarge)
At the beginning of August there were 196 homes for sale in Sandestin. They range from one of the older homes in Sandestin (built in 1976) that is 1121 square feet with two bedrooms and two bathrooms for $299,000 to a bay front home with four bedrooms, six baths and 5,800 square feet for $5.4 million. This home, as pointed out in last month’s post, is on the lot of the original developer of Sandestin Bay Estates and has 112 feet on the bay.
Homes for Sale in Sandestin – Beginning of August
Total # of Listings 192
Lowest Price Listing $299,000
Highest Price Listing $5,400,000
Average Price $1,170,032
Avg. Price/SqFt $412
Avg. Days on Mkt 200
(Click on the graph below to enlarge)
The above indicates slightly over a two year supply of inventory – 196 homes for sale in Sandestin divided by eight homes sold) and does not take in to account the huge volume (581) of condos for sale in Sandestin at the beginning of August.
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Homes Sold & Homes for Sale in Watercolor – July
August 14th, 2007 Categories: Real Estate News, Watercolor Living
Watercolor had a good month of sales in July with six homes sold. They ranged from a four bedroom, four bath, 2376 square foot home for $1.25 million to a six bedroom, seven bath, 5100 square foot home that sold for $3.5 million. The latter home is nearing completion of construction and has views of Western Lake and to the gulf in the distance.
Homes Sold in Watercolor – July
Total # of Listings 6
Lowest Price Listing $1,125,000
Highest Price Listing $3,500,000
Average Price $1,695,833
Avg. Price/SqFt $546
Avg. Days on Mkt 296
(Click on the graph above to enlarge)
At the beginning of August there were 156 homes for sale in Watercolor. They range in price from $569,000 for a three bedroom, four bath, 1796 square foot home to $4.995 million for a four bedroom, five bath, 2538 square foot home that fronts the gulf. The homes that front the gulf in Watercolor still have a good deal of foliage between the house and the water, but there are board walks to lead you to the sand and water.
Homes for Sale in Watercolor – Beginning of August
Total # of Listings 156
Lowest Price Listing $569,000
Highest Price Listing $4,995,000
Average Price $1,808,305
Avg. Price/SqFt $673
Avg. Days on Market 212
(Click on graph below to enlarge)
The bad news for Sellers is all this translates to 26 months of inventory on hand (the 156 homes for sale in Watercolor divided by the six homes sold in Watercolor). On the positive side, the six homes sold in July mark the most homes sold in any given month (except for seven homes sold this March) in the past 27 months.
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Homes Sold & Homes for Sale in Rosemary Beach – July
August 13th, 2007 Categories: Panama City Beach Living, Real Estate News, Rosemary Beach Living
There were three single family homes sold in Rosemary Beach in July. It was an interesting mix that produced the least expensive sale of a full size home (cottage in this case) in Rosemary Beach in 2007, a short sale and a unique home featured in “Romantic Home Magazine”.
The smallest of the three – 1500 square feet – sold for $925,000, and while another home did sell for slightly less in March – it was a Carriage House with less than 1000 square feet.
The “Romantic” home (blue shutters) is 2686 square feet, three bedrooms, four baths, a beautiful gulf view and went for $3,350,000. Not only is this home one lot back from the gulf front lots, it also has a great view of the Western Green and on to the gulf. It also includes a private elevator, two fireplaces, a private courtyard with fountain and more. Nice…
Homes Sold in Rosemary Beach – July
Total # of Listings 3
Lowest Price Listing $925,000
Highest Price Listing $3,350,000
Average Price $2,091,667
Avg. Price/SqFt $737
Avg. Days on Market 558
At the beginning of August there were 85 homes for sale in Rosemary Beach. They range in price from a two bedroom, one bath, 710 square foot carriage house that is under construction for $809,000 to a 4356 sf home with six bedroom, six and a half baths for $5.495 million.
While this is the most expensive of the homes for sale in Rosemary Beach, it does have great gulf views and the square footage includes a 484 square foot carriage house. It was featured in Decor Magazine and in South Accents Magazine twice including once when the kitchen (red cabinets and stainless steel appliances) was featured on the front cover in March, 2004.
Graph of Homes for Sale in Rosemary Beach – Early August
(Click on graph above to enlarge)
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Homes Sold & Homes for Sale in Sandestin – June
August 9th, 2007 Categories: Real Estate News, Sandestin Living
Sandestin had an average month in homes sold (compared to the last couple of years average sales) with six homes closing. They ranged from a three bedroom, two bath, 1300 sf home in Linkside for $300,000 to a four bedroom, four bath, 3000 sf home for $1,126,500 in Genoa – a newer subdivision surrounded by The Raven and Baytowne golf courses.
Homes Sold in Sandestin – June
Total # of Listings 15
Lowest Price Listing $300,000
Highest Price Listing $2,100,000
Average Price $694,427
Avg. Price/SqFt $323
Avg. Days on Market 192
(Click on the graph below to enlarge)
At the beginning of July there were 190 homes for sale in Sandestin. This included an entry level, two bedroom, two bath, 1121 sf home in Linkside listed at $310,000.
The top end of the spectrum had a four bedroom, six bath, 5800 sf home in Burnt Pine being offered at $5.4 million. That’s a lot of dough, but it does include 112′ on the bay and a tropically landscaped 1.52 acres of land. This is the original lot of the developer of Sandestin Bay Estates.
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Homes Sold & Homes for Sale Watercolor – May & June
August 9th, 2007 Categories: Real Estate News, Watercolor Living
Watercolor had very good activity as it relates to the overall market with four homes sold in June. On the low end a three bedroom, four bath, 2383 sf home sold for $1.1 million and on the high end a five bedroom, six bath, 3760 sf home sold for $1.995 million.
There were also two homes sold in Watercolor in May especially of note a five bedroom, six bath, 5100 sf home sold for $2.7 million.
Homes Sold in Watercolor – May and June
Total # of Listings 6
Lowest Price Listing $800,000
Highest Price Listing $2,700,000
Average Price $1,504,958
Avg. Price/SqFt $508
Avg. Days on Mkt 274
(Click on the graph below to enlarge)
At the beginning of July there were 153 homes for sale in Watercolor. This is a large inventory and unfortunately for Sellers and fortunately for Buyers this puts the Buyer in a stronger position.
There are some good buys out there for the Buyer amongst all the homes for sale in Watercolor. The successful Seller will have to come in at an aggressive price point and/or have a really unique home and/or location within the development.
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Homes Sold & Homes for Sale in Rosemary Beach – May & June
August 9th, 2007 Categories: Real Estate News, Rosemary Beach Living
June was a very good month for homes sold in Rosemary Beach. There were only three, but the dollars fetched for a couple of them really catch your eye. Those two were a five bedroom, six bath, 4297 sf home that sold for $4.16 million and a seven bedroom, seven bath, 4500 sf home that sold for a casual $7.88 million.
Two homes in Rosemary Beach were also sold in May for $2.5 million and $3.25 million. These sales (and the price points) underscore the firepower and appeal of Rosemary Beach.
Homes Sold in Rosemary Beach – May & June
Total # of Listings 5
Lowest Price Listing $2,143,000
Highest Price Listing $7,880,000
Average Price $3,986,600
Avg. Price/SqFt $1,064
Avg. Days on Mkt. 277
(Click on graph below to enlarge)
At the beginning of July there were 84 homes for sale in Rosemary Beach. The least expensive home is actually a carriage house with one bedroom, one bath and 599 sf for $899K. The home plans have been approved for a three bedroom, three and a half bath main home on a pretty large lot by Rosemary Beach standards.
The upper end of the spectrum in homes for sale in Rosemary Beach from that group include a six bedroom, six and a half bath, 4356 sf home listed at $5.495 million. This incorporates a 3872 sf main home with a 484 sf carriage house.
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Sold Homes & Homes for Sale in Destiny & Destiny by the Sea – July
August 6th, 2007 Categories: Destin Living, Real Estate News
There were four homes sold in Destiny and Destiny by the Sea during the month of July. They ranged in price from a 1900 sf three bedroom, three bath home on Papaya in Destiny that sold for $545,000 to a 5,946 sf seven bedroom, eight bath home in Destiny by the Sea that sold for $5,150,000.
Homes Sold in Destiny & Destiny by the Sea – July
Total # of Listings 4
Lowest Price Sold $545,000
Highest Price Sold $5,150,000
Average Price $1,843,500
Avg. Price/SqFt $463
Avg. Days on Mkt 204
(Click on the Graph > to Enlarge)
There are currently 53 homes for sale in Destiny, and there are 23 homes for sale in Destiny by the Sea. The Destiny by the Sea listings range from a 2503 sf four bedroom, three bath home with good rental income at $1,295,000 to a 5,696 sf gulf front seven bedrooms, six and a half bathrooms for $6.5 million.
Homes for Sale in Destiny & Destiny by the Sea – August
Total # of Listings 77
Lowest Price Listing $499,500
Highest Price Listing $6,500,000
Average Price $1,716,392
Avg. Price/SqFt $512
Avg. Days on Market 223
(Click on graph below to enlarge)
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Homes Sold & Homes for Sale in Seaside – July
August 5th, 2007 Categories: Real Estate News, Seaside Living
There were no homes sold in Seaside during the month of July. However, there are two homes pending with projected closings at the end of August on both homes.
This includes the home (pictured at left) that Vicki and I championed in last month’s post of Homes Sold and Homes for Sale in Seaside. The home is only 1925 square feet, but it is gulf front in Seaside on a large lot (by Seaside standards) and had plenty of non-buildable real estate around it. The home was listed for $4.75 million.
There are currently 35 homes for sale in Seaside. These range from an 1100 sf home with two bedrooms and two baths priced at $1.25 million to a 2094 sf home with three bedrooms and three baths that is gulf front and priced at $5.195 million.
To underscore how the value of Seaside real estate has skyrocketed the Walton County Property Appraiser records show that this lot on the $5.195 million listing was purchased in 1993 for $325,000! This was obviously a smart investment on the part of these owners, and they constructed their beautiful home on the property in 1999.
Homes for Sale in Seaside 
(Click on graph > to enlarge)
Total # of Listings 35
Lowest Price Listing $1,250,000
Highest Price Listing $5,195,000
Average Price $2,229,543
Avg. Price/SqFt $1,321
Avg. Days on Market 359
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