Florida Real Estate News for Palm Coast and Flagler County Florida

Area Rumors

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July 6, 2020 – The jury may still be out on whether the nation’s economic recovery will be V-shaped, U-shaped, or L-shaped but the results are in for the Flagler County/Palm Coast real estate market. The recovery is not only decidedly V-shaped, it is robustly so.
June 13, 2020 – Palm Coast-based Coastal Cloud, one of the largest and fastest-growing independent Salesforce consulting partners in the United States, announces strategic investments from Sverica Capital Management LP, a private equity investment firm based in San Francisco, Calif. and Boston, Mass., and Salesforce Ventures, the global investment arm of Salesforce.
May 22, 2020 – Governor Ron DeSantis on Thursday approved Flagler County’s Vacation Rentals Safety Plan allowing bookings based on the guidelines set forth by the plan laid out by the Tourism Department and implemented by CDC standards.
May 19, 2020 – While listing inventory remains a wild card, realtor.com and Google Searches released data that suggests a lot of buyers see the pandemic as a pitstop on the way to homeownership rather than an end-point.
May 9, 2020 – While many of us have bunkered down at home the past several weeks, our local homebuilder community has forged ahead. The 2020 Parade of Homes, which historically kicks off the Spring home-selling season, was postponed but new construction and sales activity have abated only slightly.

April 25, 2020 — Today Flagler County and its beachfront municipalities are announcing that effective at 7 a.m. tomorrow – Sunday, April 26 – all 18 miles of beaches will be re-opening around the clock to allow residents physical and mental health activities.
April 14, 2020 – Coastal Cloud founders, Tim and Sara Hale, have purchased the former Players Club in Palm Coast for $2.5 million. The transaction, which closed March 27, was recorded yesterday. The purchaser of record is Coastal Cloud Properties LLC. The seller is JOCO Financial LLC and The Lending House Inc.
April 3, 2020 – Flagler County’s pre-pandemic economy was stronger than expected. One month into the pandemic, many indicators are still showing strength. It helps that the real estate and construction industries were deemed critical.
March 5, 2020 — Freddie Mac today expanded previous research in a new report, The Major Challenges of Inadequate U.S. Housing Supply, by taking a closer look at the housing supply shortage on a state-by-state basis.
February 27, 2020 – Lindsay Dolamore, CEO/managing broker at Grand Living Realty, is pleased to announce the company is now representing The American Village community. American Village is an upscale 55+ gated active adult living community of 45 premium homes and 96 one and two-bedroom condominiums located at Pritchard Drive, one mile off Belle Terre.
February 9, 2020 – Hammock Real Estate Development’s 55+ American Village is sprouting. The builder’s model home is open and a spec home is available for immediate move-in. Seven homes are under construction. Now, reservations are being taken for the next phase; one and two-bedroom upscale condominiums. These 96 units will be the first condos in Flagler/Palm Coast since 2008.
February 10, 2020 – 1000 Friends of Florida is far from a bastion of developer advocacy. Its list of priorities echoes the sentiments so loudly proclaimed by citizen groups protesting many of the development projects proposed recently in Palm Coast and Flagler County; at public meetings, in letters to the editor, in social media, and in cocktail party debates.
January 19, 2020 – At a Special Meeting January 14, Palm Coast City Council rushed to pass an ordinance placing a 120-day moratorium on the approval of any new dollar format stores. The issue was first raised only seven days earlier by Mayor Milissa Holland during her January 7th regular meeting comments on items not on the agenda. “We have a lot of Dollar Generals popping up in our city and frankly, I find it a little disconcerting,” said Holland.
January 4, 2020 – Arguably the most significant chapter in Flagler County real estate development ends as Lubert-Adler sells its remaining local assets, including the Hammock Beach Resort with its Jack Nicklaus and Tom Watson signature golf courses. The complex deal included two undeveloped but well-positioned commercial properties and closed December 31. The total value of all recorded transactions is $18.26M. The buyer is Tampa-based KDG Capital, a private equity fund headed by Dr. Kiran Patel.
December 16, 2019 – My September drive around town commercial update was popular with well over three thousand views of the interactive map. Several readers have asked for an update, so here it is.
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Don "Toby" Tobin is a licensed real estate professional affiliated with Grand Living Realty. Toby is a member of the Flagler County Association of Realtors®, the Florida Association of Realtors, Enterprise Flagler, Flagler Home Builders Association, and the National Association of Realtors.

GoToby.com proivdes real estate news, commentary, and analysis for Palm Coast and Flagler Country Florida, as well as Realtor® referrals and consultation to buyers, sellers, and developers.