#1 Unfinished Vista Par condominiums in Grand Haven. #2 Grand Haven Golf Course. #3 Bobby Ginn’s Island Estates Home. Plus Matanzas, Pines and Cypress Golf Courses.
PALM COAST, FL – May 14, 2016 – You may have noticed your Wednesday News-Journal was a little heavier than usual. The News-Tribune insert included Flagler County’s officially advertised list of delinquent 2015 property taxes. These taxes became delinquent April 1, 2016. An on-line Tax Certificate Sale for listed properties began May 9, 2016. The Sale closes June 1, 2016.
A Tax Certificate, when purchased, becomes an enforceable first lien against the subject real estate. The certificate holder is actually paying the taxes for a property owner in exchange for a competitive bid rate of return on his investment. In order to remove the lien, the property owner must pay the Tax Collector all delinquent taxes plus accrued interest, penalties, advertising fees and sale costs.
Delinquent taxes, including accrued interest, penalties and advertising fees may be paid by cashier’s check, certified check, cash or money order, prior to the Tax Certificate Sale closing.
Here is this year’s top ten Flagler County Property Tax delinquencies. The delinquent tax amount includes, where appropriate, Non-ad Valorem Assessments, typically issued by Community Development Districts (CDD).
FLAGLER COUNTY TOP TEN DELINQUENT PROPERTY TAXES
#1 – 425 Riverfront Drive
Unfinished Vista Par condominiums in Grand Haven: Lavaya Properties II LLLC, of Jacksonville, is listed as owner. The advertised delinquent 2015 property tax due is $138,227.50. Of the total, $109,697.28 is due for the annual Grand Haven CDD Assessment on the 48 condominium units entitled on the property. Two buildings remain partially completed. The 2014 property tax totaling $157,491.75 remains unpaid as well. Construction and marketing activity had resumed on the two unfinished shells, but there has been no recent activity observed. A GoToby.com inquiry forwarded to the owners remains unanswered.
#2 – 500 Riverfront Drive
Grand Haven Golf Course: Escalante – Grand Haven LLC, of Littleton, CO., is listed as owner. The advertised delinquent 2015 property tax due is $78,800.56, of which $43,803.15 is the annual Grand Haven CDD Assessment. The subject property includes a 9,517 square foot clubhouse. Escalante paid delinquent 2014 taxes on May 28, 2015, days prior to that year’s Tax Certificate Sale closing. It is not unusual for property owners to time tax payments as an investment ploy to minimize borrowing costs or for cash flow purposes.
#3 – 42 Island Estates Pkwy
This million-dollar home is homesteaded by Hammock Beach developer Edward (Bobby) Ginn. The advertised delinquent 2015 property tax due is $42,305.14. Per the property appraiser’s website, the Ginn property’s Just (Market) Value is $2,493,663. There are no unpaid taxes from prior years.
#4 – 57 Town Court
This multi-story office building in Town Center is owned by Coogee Holdings LLC, of Orlando. Coogee. Coogee reportedly purchased the 26,952 square foot building in September, 2015. The advertised delinquent 2015 property tax due is $33,328.85, of which $9,823.36 is the annual Town Center CDD Assessment.
#5 – 50 Plaza Drive
This 2.2-acre outparcel of the Home Depot Center (lot 3), is owned by Medjax Beach LLP, of Jacksonville. It’s assessed for $1,060,000 and carries a delinquent tax bill currently pegged at $23,901.33. As you turn into Home Depot, this parcel is the first on your right. You have probably dined at Houligans, one of the several tenants in the 13,682 square foot building. 2014 property taxes totaling $25,449.02 remain unpaid.
#6 – 400 Pine Lakes Pkwy
The Pines Golf Course is owned by The Golf Group of Palm Coast LLC. The advertised delinquent 2015 property tax due is $22,613.66. Per the property appraiser’s website, the Pines Golf Course Just (Market) Value is $2,493,663, including an 18,368 square foot clubhouse.
#7 – 80 Pinnacles Drive – Unit 2
This 12,921 square foot commercial condominium carrying an assessed value of $969,075 is owned by Harry & Grace LLC, of Palm Coast. The advertised delinquent 2015 property tax due is $21,852.21.
#8 – 100 Garden Street S
The 5,438 square foot Bob Evan’s Restaurant is owned by Bob Evans Farms, Inc., of Columbus Ohio. The advertised delinquent 2015 property tax due is $20,286.40.
#9 – 53 Easthampton Blvd
The Cypress Golf Course is owned by The Golf Group of Palm Coast LLC. The advertised delinquent 2015 property tax due is $19,576,85. The $862,925 assessed value includes a 7,280 square foot clubhouse.
#10 – 3 Boulder Rock Drive
This 10,486 square foot commercial building, built in 2010, is owned by Boulder Rock Plaza LLC, of Palm Coast. The advertised delinquent 2015 property tax due is $19,260.92. The Just Value is $854,000.
# 92 – 398 Lakeview Blvd – Matanzas Golf Course (former)
The Matanzas Golf Course has been closed since 2007, but remains the subject of much speculation. Owned by The Group Golf of Palm Coast, LLC (not to be confused with The Golf Group of Palm Coast, LLC) the Matanzas Golf Course has a 2015 delinquent property tax bill totaling $4,627.34. Unpaid delinquent 2014 property taxes total $4,930.42.