An important component in the price of a home is the value of the underlying land. Actual construction costs can rise for several reasons: General inflation in the economy Shortages of building materials Labor shortages Additional cost of upgrades in building codes Impact fees These all contributed to the run up in home value from 2001 to 2005. […]
Centex Destination Properties sells most of its local holdings. October 6, 2006 – Two days ago, I reported that Ginn had bought his way back into the Ocean Hammock Golf Course. Last night I heard that the deal is much bigger. The Ginn Company is purchasing the Ocean Hammock Golf Course, The Lodge at Ocean […]
Centex Destination Properties sells most of its local holdings. October 26, 2006 – Palm Coast, Florida – This showed up on this site a few days ago on the rumor pages. Details are still murky and no official announcement has occurred, but I’ve received sufficient confirmation that the underlying story is no longer a rumor to […]
Walmart may have a contract on property along Old Kings Rd. South Folks have heard rumors about a new Wal-Mart or a Sam’s Club coming to Palm Coast for months. I heard that Wal-Mart has a contract on a parcel owned by Old Kings Interchange, Inc. Old Kings Interchange owns four parcels, totaling over 148 […]
The Florida Association of Realtors (FAR) reports September sales down but prices off only slightly. Sept. 25, 2006 – The number of existing Florida homes sold in September was off by 34% from September 2005 but the median price of homes sold was only off 1%. Condos sales dropped 45% with the median price off […]
City residential permits down 90% from Sept. ’05 but commercial permits holding. October 22, 2006 – 28 residential permits were issued by the City of Palm Coast in September, down from 283 the same month a year ago. Meanwhile, commercial permits issued continue to hold at a steady pace. Commercial growth includes a 15,000 SF addition […]
We all know that sales of all properties are off from last year. One reason they’re off is the lack of buyers. From 2001 through the first half of 2005, the buyer pool was inflated by investors. Investors were buying land, homes, and condominiums, but since they make up a larger percentage of condominium buyers, […]
Plans include a water slide, lazy river, grotto, waterfall, fire pit, bar and grill, cabana lounge a October 2, 2006 – A Lake Mary architectural firm will design the expansion of the Ocean Hammock Beach Club in Palm Coast. Additions to the club will include a water slide, lazy river, grotto, waterfall, fire pit, bar […]
Government Services Building and new Justice Center will anchor 78 acre Complex. September 30, 2006 – The new Flagler County Government Services building is set to open soon. Carl Laundrie, county communications manager says the Government Services Building is on track for a December move-in. The Justice Center is expected to open in August 2007. […]
The original developer, Florida Waterway Properties, has turned over the Homeowners Association to t September 29, 2006 – See important update at end of article. It’s reported that Palm Coast Plantation developer, Florida Waterway Properties, has turned over the operation and control of the Homeowners Association to the property owners. This action was unexpected. It […]