In searching the residential lots on 30A the below lot seems to be the best deal that I am aware of right now in an established village with amenities.
This lot is just a short stroll to the beach and a quick bike ride to Seaside. (note: This is not my lot nor am I a realtor.)
I am curious: Can anyone top this?
Cassine Village, Seagrove Beach - $199,000 MLS# 421449
Residential Land
less than a 1/4 mile from the beach access
only 2 miles from Seaside.
Address: Lot 5 Blkd Sweet Bay Dr
Santa Rosa Beach, FL 32459
Acreage 0.14 Lot Size 70X90
Facilities: Pavilion/Gazebo, Picnic Area, Pool, Tennis
Utilities Electric Available, Public Sewer, Public Water , Tap Fee Paid
No buildout time. Two community pools, beach access, nature trails, lake, tennis.
listing agent is:
Kenneth Lovelace
Cell Ph: 850-225-8962
Office Ph: 850-837-6020
Lovelace Realty Company Inc
Replies
23Beach Lover
Another example of absolutely crazy pricing in my opinion...
To show I will again use a rental in the same neighborhood to make my point...
Cassine Village, $1800/month, 2000 sq. ft, fully furnished.
Sorry to hijack your thread, but to all the naysayers that questioned my pick of neighborhood on a previous thread (I believe it was a Blue Mountain Beach property), here is another example in another neighborhood...
Getting a loan on the lot shown above, would cost the same/more than to rent a fully furnished home in the same neighborhood...
Makes no sense and shows how out of wack prices are in SoWal.
------
Or you could splurge and buy one in the same hood for only $775k... what a deal!
http://www.emeraldcoasthomesonline.com/(nrkvwwnyu4b1vfmrrxfxgs20)/propertyDetails.aspx?mls=448995
To show I will again use a rental in the same neighborhood to make my point...
Cassine Village, $1800/month, 2000 sq. ft, fully furnished.
Sorry to hijack your thread, but to all the naysayers that questioned my pick of neighborhood on a previous thread (I believe it was a Blue Mountain Beach property), here is another example in another neighborhood...
Getting a loan on the lot shown above, would cost the same/more than to rent a fully furnished home in the same neighborhood...
Makes no sense and shows how out of wack prices are in SoWal.
------
Or you could splurge and buy one in the same hood for only $775k... what a deal!
http://www.emeraldcoasthomesonline.com/(nrkvwwnyu4b1vfmrrxfxgs20)/propertyDetails.aspx?mls=448995
Edited
SoWal Insider
:roll: Maybe you could find a lot this close to a beautiful beach for less in some other part of the country?
You seem so fixated on rent, rent, rent and out of whack prices, yadda, yadda. The thread was about whether a better land deal could be obtained, which has nothing to do with renting.
What's wrong with owning a piece of land to call your own in a place you love?
You seem so fixated on rent, rent, rent and out of whack prices, yadda, yadda. The thread was about whether a better land deal could be obtained, which has nothing to do with renting.
What's wrong with owning a piece of land to call your own in a place you love?
SoWal Insider
Another example of absolutely crazy pricing in my opinion...Come back in 10 years, prices will still be crazy and you'll still be renting. Will that savings account at the credit union put you over the top?
To show I will again use a rental in the same neighborhood to make my point...
Cassine Village, $1800/month, 2000 sq. ft, fully furnished.
Sorry to hijack your thread, but to all the naysayers that questioned my pick of neighborhood on a previous thread (I believe it was a Blue Mountain Beach property), here is another example in another neighborhood...
Getting a loan on the lot shown above, would cost the same/more than to rent a fully furnished home in the same neighborhood...
Makes no sense and shows how out of wack prices are in SoWal.
------
Or you could splurge and buy one in the same hood for only $775k... what a deal!
http://www.emeraldcoasthomesonline.com/(nrkvwwnyu4b1vfmrrxfxgs20)/propertyDetails.aspx?mls=448995
Beach Comber
:roll:
You seem so fixated on rent, rent, rent and out of whack prices, yadda, yadda. The thread was about whether a better land deal could be obtained, which has nothing to do with renting.
OUCH!
SoWal Insider
OUCH!
Need a bandaid?
;-)Edited
Beach LoverAuthor
This is the best actual purchase price I have seen in the Preserve at Grayton Beach.
LOT 94 THE PRESERVE AT GRAYTON BEACH OR 2606-1295 OR 2744-3955
$195,000 SOLD
However, this Preserve lot is much further from the beach than the Cassine Village Lot. Both neighborhoods apparently have similar amenities, so in my opinion even if you bought the Cassine lot at the asking price you would still have the best value on 30A.
Please post any better deals on similar lots.
Also, with building costs going down and lower insurance rates for new construction meeting the higher hurricane code standards, lots may now be a smarter buy than existing structures.
LOT 94 THE PRESERVE AT GRAYTON BEACH OR 2606-1295 OR 2744-3955
$195,000 SOLD
However, this Preserve lot is much further from the beach than the Cassine Village Lot. Both neighborhoods apparently have similar amenities, so in my opinion even if you bought the Cassine lot at the asking price you would still have the best value on 30A.
Please post any better deals on similar lots.
Also, with building costs going down and lower insurance rates for new construction meeting the higher hurricane code standards, lots may now be a smarter buy than existing structures.
Beach LoverAuthor
Another sale in The Preserve .
LOT 5 THE PRESERVE AT GRAYTON BEACH OR 2605-1621 OR 632-3111 OR 2661-1888 OR 2746-661
ouch!
they paid $475k and sold it for $200k!!
12-28-2006 2746 661 200,0000
3-22-2005 2661 1888 475,000
LOT 5 THE PRESERVE AT GRAYTON BEACH OR 2605-1621 OR 632-3111 OR 2661-1888 OR 2746-661
ouch!
they paid $475k and sold it for $200k!!
12-28-2006 2746 661 200,0000
3-22-2005 2661 1888 475,000
Beach LoverAuthor
In January someone bought a lot less than
1/4 mile from the beach in Seagrove Beach for $200k.
Go to ?Sales list? at
http://www.waltonpa.com/
LOT 4 BLK C CASSINE VILLAGE II PB 9 PG 12
This is the best buy I have seen for a high elevation lot this close to a beach access on 30A for quite a while.
1/4 mile from the beach in Seagrove Beach for $200k.
Go to ?Sales list? at
http://www.waltonpa.com/
LOT 4 BLK C CASSINE VILLAGE II PB 9 PG 12
This is the best buy I have seen for a high elevation lot this close to a beach access on 30A for quite a while.
Beach Comber
Also, with building costs going down and lower insurance rates for new construction meeting the higher hurricane code standards, lots may now be a smarter buy than existing structures.
As a lot owner looking to build sometime in the future, I am intrigued by your optimism on insurance rates for new construction. Granted, meeting new standards is more attractive than not, but I am still sensing the insurance market is sour, new-code compliance or not. You must be having better luck than I am. Do you have any more information on that?
Beach LoverAuthor
As a lot owner looking to build sometime in the future, I am intrigued by your optimism on insurance rates for new construction. Granted, meeting new standards is more attractive than not, but I am still sensing the insurance market is sour, new-code compliance or not. You must be having better luck than I am. Do you have any more information on that?
You are fortunate that you have not built a house yet because you can take advantage of more insurance discounts.
A house built to the new 2002 code qualifies for an insurance discount.
There are also other discounts available.
I suggest you call a Florida insurance agent.
The one I use is Mike Hardiman at 622-0448.
I will post later a source of specific information on building recommendations that actually go beyond the new code.
Beach Lover
hi n dry, we own a lot in Cassine that's in a beautiful, pond-front location, right across the street from one of the pools -- 16 Garden Circle, Lot 16C. We pulled it off the market when prices got so low, but we'd sell it today for $275,000. It's 60x60, and with the setbacks & design regs, could easily handle 2000-2400 sq ft. It's got a lot of trees, and the views out the back of the house will be right over the large pond.
some posters here may chuckle at the price, but we're just waiting for things to come back, no hurry. $199K sounds like a great price, but you may find our lot to be quite attractive
some posters here may chuckle at the price, but we're just waiting for things to come back, no hurry. $199K sounds like a great price, but you may find our lot to be quite attractive
Beach LoverAuthor
Regarding MLS# 421449 $199,000 Cassine Village Lot 5 Blkd Sweet Bay Dr*
I have been informed that those inquiring about this Cassine Village lot have had a difficult time getting in touch with the agent.
I just found out that Kenneth Lovelace has a new cell phone number:
228-238-7226 *
BTW I still have not found any other lot this close to the beach in a planned Seagrove village with amenities at a price this low.
However, the Cassine Village Lot 16C for $275k (see jimmyp5's posting above) is the best price I have seen for such a beautiful waterfront (pond) lot so close to the beach.
I have been informed that those inquiring about this Cassine Village lot have had a difficult time getting in touch with the agent.
I just found out that Kenneth Lovelace has a new cell phone number:
228-238-7226 *
BTW I still have not found any other lot this close to the beach in a planned Seagrove village with amenities at a price this low.
However, the Cassine Village Lot 16C for $275k (see jimmyp5's posting above) is the best price I have seen for such a beautiful waterfront (pond) lot so close to the beach.
Beach LoverAuthor
This lot is the best deal I have seen in such an exclusive
30A gated community so close to the beach and with fantastic Gulf views.
It is certainly not the least expensive lot on 30A, but it could be an opportunity for those that both appreciate and can afford such an upscale community.
This community also has one of the finest architecturally designed pools I have seen on 30A.
A bonus is that the SeaNest community backs up to the state forest.
$395,000 MLS# 430446
Address Lot 5 Sand Oaks Circle Lot Size 46X90
Sea Nest , just west of Eastern Lake
for info contact:
Rita Montgomery
Office Ph: 850-231-6812
Cell Ph: 850-819-5749
Office Fax: (850) 534-1049
30A gated community so close to the beach and with fantastic Gulf views.
It is certainly not the least expensive lot on 30A, but it could be an opportunity for those that both appreciate and can afford such an upscale community.
This community also has one of the finest architecturally designed pools I have seen on 30A.
A bonus is that the SeaNest community backs up to the state forest.
$395,000 MLS# 430446
Address Lot 5 Sand Oaks Circle Lot Size 46X90
Sea Nest , just west of Eastern Lake
for info contact:
Rita Montgomery
Office Ph: 850-231-6812
Cell Ph: 850-819-5749
Office Fax: (850) 534-1049
Beach Fanatic
Regarding MLS# 421449 $199,000 Cassine Village Lot 5 Blkd Sweet Bay Dr*
I have been informed that those inquiring about this Cassine Village lot have had a difficult time getting in touch with the agent.
I just found out that Kenneth Lovelace has a new cell phone number:
228-238-7226 *
Hi,
I actually have this lot under contract for a client. They are going to build and will be closing Mid April. Thanks for the heads up. What a great buy. Jimmyp5 has one in there on the pond across from the pool that is also an incredible buy. I have some hip pockets in Cassine if anyone is interested. They range from low 200's on up.
Beach LoverAuthor
Regarding MLS# 421449 $199,000 Cassine Village Lot 5 Blkd Sweet Bay Dr*
.....
Hi,
I actually have this lot under contract for a client. ... I have some hip pockets in Cassine if anyone is interested. They range from low 200's on up.
A lot in Cassine Village in the low $200s would one of the best current bargains on 30A.
Cassine Village is close to Seaside and has 2 pools, 2 tennis courts, and its own small lake and nature area. In addition it adjoins the state forest.
Beach Lover
Come back in 10 years, prices will still be crazy and you'll still be renting. Will that savings account at the credit union put you over the top?
Blast from the past. Very interesting reading some of the messages on the RE board as things were beginning to crash. Especially posts like this where people were bashing folks that saw the writing on the wall. Wonder what this guy is doing now. Hope he wasn't a buyer during the bubble years.
Looks like another modest bubble is building in some areas along 30A again. Some prices paid for lots in Watercolor look crazy over the past few months. New homes are going for okay prices, but resales still way low in many cases (some even below 2002 levels before the real craze began). Interesting to see prices for new homes so much higher than resales (most of which are already furnished too).
Banned
homeboy the bubble is starting to reinflate. i;ve been watching the mkt closely since 2009 and have seen all the sells and buys since then and i'm stunned whats going on. theres been many sales in the last 6-9 months were people actually bought at the height of the bubble in 2005 and have lost very little money selling.many people who bought watercolor lots in 2010 and 2011. have almost doubled there money on several sales. look at defunct high land park were lots got as low as 20k 6-9 months ago and i think pulte bought many of them. somebody paid 25k for one 9 months ago and is asking 120k or so. amazing how this turned so fast
Admin
I don't follow prices or sales very closely but I think part of what we are seeing is a correction in the market where prices dropped lower than they should have in some places. Coupled with a wave of buyers with money who really want property here and were waiting to see how low the market would go and got in at or near "the bottom" in the last couple of years.
SoWal fever is a powerful infection and divine condition.
SoWal fever is a powerful infection and divine condition.
Beach Fanatic
Good call Kurt! The past two years we have sure had a lot of sales and adjustments. Nice to see a stable market begin to show.
SoWal Insider
Blast from the past. Very interesting reading some of the messages on the RE board as things were beginning to crash. Especially posts like this where people were bashing folks that saw the writing on the wall. Wonder what this guy is doing now. Hope he wasn't a buyer during the bubble years.I bought property twice here and own. I bought before and during the vibrant years. What have you done? I've read your commentary. What insight do you bring?
Looks like another modest bubble is building in some areas along 30A again. Some prices paid for lots in Watercolor look crazy over the past few months. New homes are going for okay prices, but resales still way low in many cases (some even below 2002 levels before the real craze began). Interesting to see prices for new homes so much higher than resales (most of which are already furnished too).
Banned
Lets not confuse words. 30-a went threw a total and complete meltdown. Tons and i mean tons of lots fell from 550-600k to to 50-100k. I'll never forget looking at a home in seacrest for 550k in 2003 or early 2004 for 550k. I knew i could flip it in the next yr. i didn;t buy it and it had sold fast and the next yr driving thru again and the person who bought had it for same for $1.15 mil. i almost cried. it never sold and the dude got caught in the melt down and it sold for like 500k. It was an insane time we'll probably never see again
Beach Lover
I bought property twice here and own. I bought before and during the vibrant years. What have you done? I've read your commentary. What insight do you bring?
If SoWal real estate has yet to take the full 40 percent hit, why would this not reflect poorly on future St, Joe profits. Are not many of St Joe's premier developments right here on 30A? What flavor bug juice are you drinking?
I am simply posting to an internet discussion forum and am always interested is seeing the opinion of others. Whats your opinion?I
Looking back at many of your posts (like this one above) during the height of the bubble and even after it began bursting, you seemed to brush off and even ridicule posters that were predicting a big drop in the market. They were correct that time but may be wrong the next time.
I have bought and sold numerous pieces of real estate in various parts of the country over the years including first and second homes but fortunately saw the writing on the wall and got out most of investment before things fell apart beginning in 2007-2008.
I simply post my thoughts on SOWAL real estate just like others do. I tend to see another bubble developing in certain parts of the area (especially resale lots and brand new homes in Watercolor) and am commenting on an internet discussion forum. I personally would not buy in SOWAL right now but its only my opinion. Plenty of people are buying right now and time will tell if they made a wise investment decision.
What do you think about the current state of the market in SOWAL? Bull or bear.
Edited
SoWal Insider
I am simply posting to an internet discussion forum and am always interested is seeing the opinion of others. Whats your opinion?II bought to build, and not turn. With a user mentality I would say you are always in a long term bull market. Shorter term, my opinion is generally negative, but I still stand behind my preference to buy if you intend to use. SoWal is one really interesting real estate market, with an intense banding of second homes tight to the gulf transitioning to a traditional zone that has limited appeal in the space of hundreds of yards. It continues to be an area of high interest and speculation for some. I would not buy to turn short term now, unless I had a can't pass deal served to me by a lender in a top shelf neighborhood, and I could afford to hold it more than short term. The macro view looks horrible right now.
Looking back at many of your posts (like this one above) during the height of the bubble and even after it began bursting, you seemed to brush off and even ridicule posters that were predicting a big drop in the market. They were correct that time but may be wrong the next time.
I have bought and sold numerous pieces of real estate in various parts of the country over the years including first and second homes but fortunately saw the writing on the wall and got out most of investment before things fell apart beginning in 2007-2008.
I simply post my thoughts on SOWAL real estate just like others do. I tend to see another bubble developing in certain parts of the area (especially resale lots and brand new homes in Watercolor) and am commenting on an internet discussion forum. I personally would not buy in SOWAL right now but its only my opinion. Plenty of people are buying right now and time will tell if they made a wise investment decision.
What do you think about the current state of the market in SOWAL? Bull or bear.
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