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Santa Rosa Beach, FL Real Estate News

By Casey Joiner, Scenic Sotheby's International Realty
(Scenic Sotheby's International Realty www.caseyjoiner.com)
Park Row in Watercolor is one of the most prestigious addresses in the region.  With only a few front homesites in Watercolor, these homes stand out as some of the most unique opportunities on 30A.  51 Park Row fits the unique style and quality you would expect from a home in this location.  I bring this to you in order to highlight the $1 Million price reduction this week.  Priced now to compete with any trophy property in Watercolor or 30A.  This home fits for primary, 2nd home, and investors who look to take advantage of the incredible rental potential.  I am including a link below for all property details and pictures. CLICK HERE TO VIEW 51 PARK ROW
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By Casey Joiner, Scenic Sotheby's International Realty
(Scenic Sotheby's International Realty www.caseyjoiner.com)
  Located on the highest elevated point in the Florida panhandle, Bella Vita is an opportunity for luxury living in Santa Rosa Beach.  This intimate community offers on a few condos with only 4 floors.  The great elevation offers great gulf views from even the 1st floor.  B 405 give you the opportunity to own a 4th floor condo that rarely are available.  Bella Vita  B405 is larger than your average 3 bedroom condo which allows for comfort of full time, 2nd home, or investing buyers.  The building does allow for rental and Bella Vita demands some of the larger rental rates in the area.  I am including a link below to view all of the specifics and photos for B405. CLICK HERE TO VIEW BELLA VITA B405
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By Kelly Klein, "Doing Great Things Today to Improve Tomorrow"
(Berkshire Hathaway HomeServices | Pen Fed Realty)
Watercolor is an upscale community located off of Hwy. 30A in Santa Rosa Beach, FL.  It has been rated as the number one family vacation spot for a number of years by many different sources.  It is no wonder.  It is absolutely the beautiful. Currently there are 86 active listings in Watercolor.  In February there were 7 sales.  Figuring out the absorption rate of what is there and how long it would take to totally absorb the other 86 homes of inventory, there are 53 weeks of inventory left.  That is just one week over a year's worth.  If there were ever a better time to buy, it is now.  Inventory levels have been shrinking and prices have remained at a March 2009 level thus far.  Currently, prices are about 15% down over same period last year. This is your chance to own.  I work as a bu...
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By Clayton Bonjean, Broker | Owner | MBA
(Mainsail Realty Company)
30A WaterFront Homes For Sale | Condos | Lots | Real Estate   Click the link below to search Hwy 30A Waterfront Homes, Condos and Lots. 30A WaterFront Real Estate Search   Hwy 30A is one of the most popular areas in the country.  30A is not just an area, it is a lifestyle.  There are many communities on Hwy 30A.  Some of the more popular communities are Santa Rosa Beach, Dune Allen Beach, Gulf Place, Blue Mountain Beach, Grayton Beach, WaterColor, Seaside, Seagrove, WaterSound, Alys Beach, Seacrest Beach, and Rosemary Beach.  Our 30A Water Front Real Estate Search shows all listings from all agents. Feel free to call me with any questions about 30A Real Estate, 30A Foreclosures, 30A Gulf Front, and 30A Lake Front properties.  I would love to help you find a great deal.
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By Lana Stansbury, GRI, CRS South Walton Realtor Specializing in Destin, Florida
(Prudential Coastal Properties)
Fabulous one acre wooded lot home site with 110 plus feet on deep water Hewett Bayou. Build your dream home among magnolias and pines. Already in place is your own private 250 foot boardwalk winding its way over lush landscaping to your over sized dock with double set of benches for viewing breathtaking sunsets. Surrounded by views of bayou, Choctawhachee Bay and Topsail State Park.  Located in a gated community with community pool Best of both worlds.  Away from hustle and bustle but only minutes away from beaches,shopping restuarant, golf courses and hospital.  Apppr. lot size 110x310.  $398,500.00 Recently Reduced to $359,900
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By Wendy Rulnick, "It's Wendy... It's Sold!"
(Rulnick Realty, Inc.)
  Do you think Bank of America short sales are all getting quicker? NOT. Every once in a while, there is a long story about a "short" sale in Seagrove Beach Florida.The lot at Palmeira Villas, off 30-A in Santa Rosa Beach was originally purchased for $650,000.  Today, the lot is worth about $100,000 - over $500,000 less than the original purchase price.  Getting a Bank of America approval for a Seagrove Beach FL investor versus an owner-occupant wasn't the hard part.  It was the delay in response.We had submitted a complete short sale package to Bank of America. The appraisal was back and the counter offer for seller contribution in Equator was complete.  But after a few months of waiting for the "investor" to respond to the short sale request, my patience (and the seller's) ran out. W...
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By Casey Joiner, Scenic Sotheby's International Realty
(Scenic Sotheby's International Realty www.caseyjoiner.com)
Sanctuary By The Sea offers unmatched amenities and views in Santa Rosa Beach Florida.  Rarely will this area provide views of 2 bodies of water.  Sanctuary by The Sea was developed with both vacation rentals, 2nd homes, and primary living in mind.  Vacationers love the amenities and beach access....as well as the developments position along Scenic Hwy 30A.  This 2244 sq ft condo provides 10 ft ceilings, 8 ft doors, Viking appliances, and one of the most spacious condo living spaces available.  The development provides 3 Oasis swimming pools, fitness center, private cabanas, outdoor grilling, and owner lounge will panoramic gulf views.  I am providing a link below to view all details for 2113 Sanctuary by The Sea.  Enjoy......and please do not hesitate with questions. CLICK HERE TO VIE...
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By Clayton Bonjean, Broker | Owner | MBA
(Mainsail Realty Company)
    Wow, Here it is -- My 100,000 Point Blog!   I am pretty excited because this blog will take me to the 100,000 point mark.  It took alot of blogging, alot of commenting, and a few contest entries to get here.  Getting to 100,000 points on Active Rain is one of the best goals that I set out to achieve.  Believe me, if you set out to get 100,000 points you will learn alot, improve your writing skills and pick up some new clients on the way.  I have attracted multiple clients through my blogs and I was even picked up for a Reality TV show and this led to more business.  See the blog below that I just posted. Destin, FL Realtor Featured on Reality TV's - Raising Sextuplets   The Road to 100,000 Points - The Highlights Hyper Local Challenge Contest - This got me business and lots of point...
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By Clayton Bonjean, Broker | Owner | MBA
(Mainsail Realty Company)
Destin, FL Realtor Featured on Reality TV's - Raising Sextuplets Last year I received a call from a prospective buyer.  He said he found me on the internet and had been reading my blogs on Active Rain and checking out my web site.  His name was Bryan Masche and he was looking to buy a foreclosure or short sale in the Destin, 30A or the Santa Rosa Beach Area.  We chatted on the phone a few times and he decided that I was the man for the job, but there was a catch.  He said he was shooting a Reality TV show called "Raising Sextuplets" on WE Tv, and they would be filming the entire process.  I thought this would be a great opportunity and told him I would be delighted.   I was very excited about the opportunity because this was a pretty popular show and I thought it would be great exposur...
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By Casey Joiner, Scenic Sotheby's International Realty
(Scenic Sotheby's International Realty www.caseyjoiner.com)
I have received many calls on this property because of it's location and price point....so I wanted to share this brief video walk through to help you.  This foreclosure in Santa Rosa Beach Florida has been on the market for about a week.  Listed @ $134k and very close to Hwy 30a.  Located in the Dune Allen-Gulf Place area of West 30A.  A very short stroll to beach access.  This development was first attempted in 2006, but like many, did not complete.  Bring your imagination and tools for this one.  Video below as well as a link to view the specifics of the property. CLICK HERE FOR VIDEO CLICK HERE TO VIEW LOT 2 BEACH NEST CLICK HERE TO VIEW ALL SANTA ROSA BEACH FORECLOSURES FOR SALE
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By Clayton Bonjean, Broker | Owner | MBA
(Mainsail Realty Company)
    It sure seems like the Real Estate Market is Recovering.     Click the Link Below To Search Destin and 30A Real Estate www.MainsailRealtyCompany.com       I consider myself to be a very positive person, but I am also very realistic.  I feel like we are in a good market and heading towards a good overall economy.  Let's face it, the Economy has been horrible for over 5 years.  We all know that what goes up must go down but don't forget what goes down will eventually bottom out and bounce back up.  I live in Santa Rosa Beach, FL and we were hit very hard by the recession .  We were hit hard because our economy is Real Estate driven.  When Real Estate tanked, it hurt all kinds of folks.  It hurt bankers, lawyers, waiters, construction workers, and newspapers.  It really hit everyone.  ...
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By Kelly Klein, "Doing Great Things Today to Improve Tomorrow"
(Berkshire Hathaway HomeServices | Pen Fed Realty)
The 30A condo market shows the following results in the area of Absorption Rate. FIGURING ABSORPTION RATE Total number of condos on the market today in Areas 17 and 18 which is basically the 30A corridor is 331 condos for sale.   Total number of condos that have sold in the last 30 days is 21.   Take the number sold 21 x 12 months and this equals 252.   Divide 252 by 52 weeks = 4.84 units per week are now selling.   Active listings equal 331 divided by the number per week that will sell equals 68 weeks to absorb all of the inventory in this market area.   So inventory is still quite high and it will take a while longer before we see a complete reversal, but things are moving along and I suspect this number will be improving by the end of June. Why wait?  Rates are good right now and the...
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By Casey Joiner, Scenic Sotheby's International Realty
(Scenic Sotheby's International Realty www.caseyjoiner.com)
Santa Rosa Beach Foreclosures remain active and now a common focus in our market.  You will see from the link below that there are not very many in comparison to the total amount of inventory....but there are some really great values.  Some are a mile from the beach and some are gulf front condos for sale.  The link below is the most user friendly and best possible option to remain current on all Santa Rosa Beach foreclosure activity.  This Santa Rosa Beach foreclosure list will include foreclosures in Dune Allen, Grayton Beach, Blue Mountain beach, Watercolor, Seaside, Seagrove, Seacrest, Alys Beach, and Rosemary Beach foreclosures.  Enjoy the link and please do not hesitate if I can assist with a specific property. CLICK HERE TO VIEW SANTA ROSA BEACH FORECLOSURES
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By Kelly Klein, "Doing Great Things Today to Improve Tomorrow"
(Berkshire Hathaway HomeServices | Pen Fed Realty)
There are 43 listings that are either pending, contingent or already sold in Watercolor in the last six months.  Watercolor is located off of Hwy. 30A in Santa Rosa Beach and is one of the most popular neighborhoods along the 30A corridor.  These listings sit on the market for an average of 230 days and the average price of these homes are $929,349 or they work out to $334 per square foot.  Many of the homes have carriage houses and the architectural detail is outstanding in a new modern urban design.  Very much like what you see on HGTV with the European flare to them.  Florida Cottage Styled homes with Metal Roofs and excellent upgraded interior finishes.  Truly work to behold. If you are looking to buy in the Watercolor neighborhood, please call and ask me how you can save money by u...
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By Casey Joiner, Scenic Sotheby's International Realty
(Scenic Sotheby's International Realty www.caseyjoiner.com)
   I have received many questions of late about the view from this home in Santa Rosa Beach Florida, so I decided to quickly video the view to give you good perspective.  2008 Construction and definitely prepared to generate rental income.  This area of Santa Rosa Beach definitely draws a crowd that enjoy the "old florida" beach house charm.  Almost sleepy feel with many amenites within a few miles.  Great beach access across the street and a heated pool to enjoy all year.  Apologies for the haze....but you will definitley get a feel for the view.  Below the video I am including a link to view the specifics and all photos of 21 Seahorse....I will also include a link to all homes in Santa Rosa beach that provide a "gulf view" and priced under $1 million.  I know most of you do not live l...
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By Clayton Bonjean, Broker | Owner | MBA
(Mainsail Realty Company)
    Multiple offers got you down?    The sun is shining at the beach and our prices in Destin and 30A are lower than they have been in a real long time.  The past few weeks I have been running into alot of multiple offer situations.  This really can be stressful for the buyers, sellers, and agents involved.  I have dealt with this situation many times because I specialize in short sales, foreclosures and great deals.  Below are a few tips that I follow and they can help increase your chances for success.  1.  Do not be afraid to pay full price or a bit over.  I know this sounds completely crazy but it is not.  If you study the comps and find that the property is under priced, it makes sense to pay a little more.  Understanding this will increase your chances of finding a great deal .  I...
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By Casey Joiner, Scenic Sotheby's International Realty
(Scenic Sotheby's International Realty www.caseyjoiner.com)
Excited to announce that Santa Rosa Beach and the beaches of South Walton have made Yahoo Travels' "Top 10 Beach Destinations for 2011″.  Great honor for the area and reflective of the amount of new visitors that we now meet on a regular basis.  I have included the article link below for your enjoyment. CLICK HERE TO VIEW THE ARTICLE
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By Clayton Bonjean, Broker | Owner | MBA
(Mainsail Realty Company)
        WaterColor Market Analysis - Year To Date 2011 Clayton Bonjean, Broker, MBA, CDPE 850.585.1284 - BrokerClayton@Gmail.com       To Search all WaterColor Real Estate and Foreclosures, Click The Link Below WaterColor Real Estate Search             This report shows WaterColor sales from January 1, 2011 to February 11, 2011.   Property Address                Sold Price           Price Per Square Foot 80 West Summersweet Ln. - $552,500 - $231.30 a square foot 96 Tall Timber Ct - $815,000 - $355.12 a square foot 328 Red Cedar Way - $865,000 - $340.55 a square foot 129 Bluejack St. - $1,150,000 - $308.06 a square foot 1295 Western Lake Drive - $1,100,000 - $340.56 a square foot 72 Needlerush Dr. - $1,200,000 - $383.88 a square foot 167 Dandelion Dr. - $1,325,000 - $382.17 a square foot...
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By Clayton Bonjean, Broker | Owner | MBA
(Mainsail Realty Company)
    Plantation at Santa Rosa Beach, Short Sale - JUST SOLD!   Click the link below to search properties in Plantation at Santa Rosa Beach.Plantation at Santa Rosa Beach Real Estate Search   I just sold a great home in the Plantation at Santa Rosa Beach.  I represented both the buyer and seller on this short sale transaction.  This one really played out well for all parties.  The buyer got a great deal on a fairly new home and the seller was able to complete a short sale where the lender waived all rights to a future deficiency.  This was a HAFA short sale and the seller also received $3,000 cash for moving assistance.  It feels good to help a seller get out of a bad situation with no future recourse. Below are the Details of the Transaction. Subdivision - Plantation at Santa Rosa Beach ...
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By Casey Joiner, Scenic Sotheby's International Realty
(Scenic Sotheby's International Realty www.caseyjoiner.com)
  Two great listings that offered incredible views have gone under contract this week.  See the descriptions for each below and be sure to CLICK HERE TO VIEW ALL SANTA ROSA BEACH GULF FRONT INVENTORY.    This immensely spacious Gulf-front home was just reduced $100K! 43 Fort Panic RoadSanta Rosa DunesSanta Rosa Beach, FL Single Family Residence6 Beds | 5 BathsApproximately 4,729 sq ft | $316/sq ft Offered at $1,495,000 One of only two Gulf-front homes for sale on 30A listed under $340 per square foot, 43 Fort Panic Road offers dual living spaces, perfect for multi-family vacations. The first floor features two guest bedrooms and bath with a window-lined living and dining room space along with an updated kitchen. A covered porch leads directly to the beach. On the second floor, views ex...
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