Emerald Coast Real Estate Update

Trusted Real Estate News Blog

March 16, 2017

Regency Towers 302W Condo in Pensacola Beach for Sale

View of Pensacola Beach from balcony

A true Gulf-front two-bedroom condo in Regency Towers only seems to come on the market once in a blue moon. Finding one that has been recently upgraded and is rental ready is luckier still. Make an appointment to see this pristine beach home before someone else snaps it up. This condo offers direct views of the gulf from the living room, dining room, both bedrooms and from the balcony. Perfectly situated on the third floor, you are close enough to see the sand dunes but high enough to get a bird's-eye view of the emerald waters. Truly the best of both worlds.

Regency Towers is located on the eastern end of Pensacola Beach and is on the trolley line. You can ride the trolley free to go to local shops, restaurants, clubs, and water sports venues as well as down to Ft Pickens. At the end of the day, you can hop back on for a free ride home. With the ferry service coming to the area, you can take a leisurely boat ride to the mainland to check out downtown Pensacola before heading back to your beach retreat. So many options.

Regency Towers condos on Pensacola bEach

Once you have returned to the beach, make sure to check out the amenities at Regency Towers. This complex offers a sparkling community pool, elevators, exercise room, tennis courts, picnic area all situated in secured Gulf-front buildings.

Call Kim Gibbons at Emerald Coast Realty to schedule a tour, 850-437-5618.

See listing detail page for Regency Towers 302W in Pensacola Beach.

Posted in Pensacola Beach
March 16, 2017

Bella Riva Condo 103 on Okaloosa Island for Sale

View from Bella Riva condo on Okaloosa Island

Passing thru the beautifully gated entrance of Bella Riva, the first thing you will notice is the lushly landscaped tropical grounds. Designed to complement the Mediterranean design of the building, the grounds at Bella Riva create an ambiance of upscale luxury sure to please the most discriminating. This low-rise luxury complex on Okaloosa Island has 45 condominium residences on 400 feet of sandy Gulf beach, built with security in mind.

Unit 103 is truly one of a kind and is at one with the beach. The great room flows into a massive balcony offering expansive views of the Gulf.  This condo features travertine floors thru out, Viking Professional Series appliances,  granite counter tops in the kitchen and bathrooms,  floor to ceiling glass sliding doors and is the only complex that offers gas stoves as well as plumbed for gas on the balcony for a gas grill.

Bella Riva condo 103

The complex offers a fully-equipped fitness facility, heated and private pool, hot tub and has rental beach chairs and umbrellas.

Call Kim Gibbons at Emerald Coast Realty to schedule a tour, 850-437-5618.

See listing detail page for Bella Riva unit 103 on Okaloosa Island.

Posted in Fort Walton Beach
March 9, 2017

House at 2043 Joshua Drive in Cantonment for sale

Front of house at 2043 Joshua Drive

This delightfully welcoming three bedroom, two bath home with a practical floor plan is perfect for family gatherings. Nestled on a large lot backed up to the greenbelt in Cantonment, it features an open family room adjoined by a kitchen loaded with granite, stainless steel appliances, and a striking breakfast bar. The sliding glass doors open to a sizable rear deck and plenty of room to roam.

Living room at Joshua Drive

Also noteworthy is the formal dining room, a laundry room with built in floor to ceiling custom cabinetry, and a master bedroom suite with a soaking tub and separate shower. This popular split floor plan delivers plenty of privacy for the guest rooms. Sitting pretty on a landscaped lot in Bristol Creek and close to all, it's a fine place to call home.

Call Kim Gibbons at Emerald Coast Realty to schedule a tour, 850-437-5618.

See listing detail page for 2043 Joshua Drive, Cantonment, FL 32533.

Posted in Cantonment
March 8, 2017

Beach Colony 3C Condo in Navarre Beach for Sale

 View from unit c3 Beach Colony Condos in Navarre Beach FL

Beach Colony unit 3C in Navarre Beach is a superb three bed, three full bath beach front condo with plenty of room for everyone, making this a terrific high-end rental opportunity. Upon entering you are immediately met with a breathtaking view of the famous emerald blue waters of the Gulf of Mexico. A very impressively large balcony accessed through glass sliding doors in the living area and the master bedroom. The unit is outfitted with a multitude of picture windows to enjoy and savor the sight. Enjoy memorable sunrises and sunsets at your leisure or fall asleep to the sounds of nearby waves.

Beach Colony pool Navarre Beach

Additional features include an elegant all-white kitchen with black granite counter tops and a spacious living room designed for comfortable lounging. Walk in closets, a master bedroom suite with a corner jet tub overlooking the beach, and a split floor plan enables the extra guest rooms individual privacy.  Beach Colony is one of the more pleasing and sought after vacation destinations. Amenities include lush landscaping, tennis courts, and a beautiful pool.

Call Kim Gibbons at Emerald Coast Realty to schedule a tour, 850-437-5618.

See listing detail page for Beach Colony unit 3C in Navarre Beach.

Posted in Navarre Beach
March 6, 2017

House at 423 Twin Bay Manor in Pensacola for sale

Home at 423 Twin Bay Manor for sale

423 Twin Bay is a meticulously maintained all brick three Bed, two bath home with a wonderfully inviting open floor plan. Set in a quiet Pensacola neighborhood just minutes from Nine Mile, UWF and Navy Federal, this home has a lot to offer. The great room is spacious and offers gorgeous mahogany hardwood floors and plenty of windows overlooking the back yard.

The dining room and kitchen are situated directly off the great room allowing for a nice flow to the home. The kitchen is bright and white and is just off of the garage. The master bedroom is generously proportioned and includes plenty of room for a seating area and a master bathroom on suite. The split floor plan in this home includes two extra bedrooms separated from the master and features a jack and jill bath and offers a serene color scheme.

Living Room at Twin Bay Manor

This home has an additional multi-purpose room that does not contribute to the 1577 square footage. The back yard is private and offers enough room for an in-ground pool, or you can enjoy the sitting area and gazebo that are currently there. Delightfully settled in a quiet and well-maintained neighborhood close to all necessities makes this home a perfect choice.

Call Kim Gibbons at Emerald Coast Realty to schedule a tour, 850-437-5618.

See listing detail page for 423 Twin Bay Manor, Pensacola, FL 32534.

Posted in Pensacola
March 1, 2017

House at 4261 Obregon in Pensacola for sale

Diningroom at 4261 Obregon

This four bedroom, three bath executive colonial home located in Scenic Heights boasts top notch affluent upgrades as well as a grand fireplace, a den with a nicely renovated marble and granite bar, rain showered baths and generously sized bedrooms with balconies. The white, extended kitchen with stainless steel built-in appliances and wine cooler perfect for cooking and entertaining.

Pool on Obregon drive

The in-ground pool, with plenty of room in the private yard, is perfect for friends and family gatherings. Scenic Heights is conveniently near downtown and Scenic Highway overlooking the bay, this properties central location makes getting around Pensacola a breeze.

Call Kim Gibbons at Emerald Coast Realty to schedule a tour, 850-437-5618.

See listing detail page for 4261 Obregon Dr., Pensacola, FL 32504.

Posted in Scenic Heights
Feb. 27, 2017

January home sales show fastest growth in 10 years

January home sales show fastest growth in 10 years

By Marian McPherson, Inman

The first month of 2017 sets the year up for a red-hot start after what NAR Chief Economist Lawrence Yun called a “soft” December.

In January, NAR’s existing-home sales spiked 3.3 percentage points to a seasonally adjusted annual rate (SAAR) of 5.69 million — up from an upwardly revised 5.51 million in December.

This month’s sales pace is 3.8 percentage points above January 2015 and is the fastest SAAR sales pace in nearly a decade.

The Northeast, South and West experienced strong growth, while the Midwest took a small hit. Distressed sales were unchanged at 7 percent, which is still lower than a year ago.

January’s numbers show ‘resilience’

The median existing-home price for all housing types in January rose 7.1 percentage points to $228,900, which marks the 59th consecutive month of year-over-year gains.

Total housing inventory experienced a boost as well, with a 2.4 percentage point jump to 1.69 million homes for sale — a much-needed jump from the rock bottom levels seen in December 2016.

Despite the strong numbers, inventory is still 7.1 percentage points below January 2016 and is the 20th consecutive month of year-over-year declines. Unsold inventory is at an unchanged 3.6-month supply.

NAR Chief Economist Lawrence Yun says January’s existing-home sales show the resilience among consumers in the face of rising mortgage interest rates.

“Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home,” he said.

“Market challenges remain, but the housing market is off to a prosperous start as homebuyers staved off inventory levels that are far from adequate and deteriorating affordability conditions.”

Builder breakdown

Distressed sales, which include foreclosures and short sales, were at 7 percent — unchanged from December and a 9 percentage point drop from January 2016. Five percent of January sales were foreclosures, and 2 percent were short sales.

Single-family home sales were at a SAAR of 5.04 million — a 2.6 percentage point month-over-month increase and a 3.7 percentage point year-over-year increase. The sales price for single-family homes increased by 7.3 percentage points to $230,400.

Existing condominium and co-op sales rose 8.3 percentage points to a SAAR of 650,000 units, 4.8 percentage points higher than a year ago. The median existing condo price was $217,400 in January — up 6.2 percentage points from 2016.

How did buying patterns vary across the country?

  • In the Northeast, existing-home sales jumped 5.3 percent to an annual rate of 800,000, up 6.7 percent from a year ago.  Median price: $253,800, a 2.5 percent year-over-year decrease.
  • In the Midwest, existing-home sales decreased 1.5 percent to an annual rate of 1.29 million. Median price: $174,900, a 6.5 percent year-over-year increase.
  • In the South, existing-home sales rose 3.6 percent to an annual rate of 2.31 million. Median price: $201,400, a 9.2 percent year-over-year increase.
  • In the West, existing-home sales ascended 6.6 percent to an annual rate of 1.29 million. Median price: $332,300, an 6.8 percent year-over-year increase.

Existing-home sales are based on transaction closings from MLSs and include single-family homes, townhomes, condominiums and co-ops.

Seasonally adjusted annual rates are used in reporting monthly data to help accommodate for seasonal variation; the annual rate for any given month represents what the total number of actual sales for a year would be if the pace for that month were maintained for a whole year.

Posted in Real Estate News
Feb. 27, 2017

March 2017 Fun Events

March 2017 fun events in Pensacola FL

There are just a few days left for Mardi Gras celebrations. We will be heading over to Jackson's Steakhouse tonight to Laissez Les Bons Temps Rouler with Chef Leon Galatoire of New Orleans. After the last parade rolls on Tuesday, I will be looking to sign up for some local runs.  The first one up is the Bayou Hills Run 10K-5K-Kids Run on March 4, 2017. The Bayou Hills Run is sponsored by the Creative Learning Academy and is a family-friendly 10K-5K and Kids One Mile Run in Bayview Park through the hills of East Hill in Pensacola. You can check out this run and others in the area using the following sites: pensacolarunners.com, eventbrite.com, localraces.com/destin-fl.

The 2nd annual Grog March pub crawl will be starting at O'Riley's Irish Pub Downtown March 4, 2017. The entry fee is any two non-perishable food items as a donation for Manna Food Pantries. Each crawler will be given a t-shirt while supplies last and a passport they can complete to be eligible for the raffle at O'Riley's later that night. Official Grog March 22-oz mugs can be purchased at the beginning of the crawl.

Of course, we can't think of St. Patricks Day without giving props to the Annual McGuire's St. Patrick's Day Prediction 5K Run on Saturday, March 11, 2017, at 9 am. This 5K course starts and finishes at McGuire's Irish Pub in Downtown Pensacola. You must be able to run or walk 3.1 miles in under one hour. The course will open to traffic at 10 a.m. Stragglers will be picked up by McGuire's bus. This event brings thousands of runners to downtown Pensacola every year on the Saturday before St. Patrick's Day. Last year the race numbers reportedly stretched well into the five-digit territory and included a 2,000-plus formation of U.S. Marines.

At opposite sides of the spectrum is the Pensacola Symphony Orchestra Presents: Mahler Symphony No. 3 and the Gulf Coast Renaissance Faire. On March 4, 2017, at the Saenger Theatre, the Pensacola Symphony Orchestra takes on this mammoth piece for what will be an incredible evening of live music. Guests include Susan Platts, mezzo-soprano, UWF Women's Chorus, and the Pensacola Children's Chorus.  All seats are reserved so plan ahead.

The Gulf Coast Renaissance Faire rides into town March 4th & 5th, 2017. Thousands gather at the Pensacola Interstate Fairgrounds to witness the spectacle of armored combat, the thunderous clash of jousters, the swirl of a dancer's costume and to sample the wares of merchants who have traveled from afar. Time to Get Medieval!

The City of Gulf Breeze and Gulf Breeze Arts, Inc. presents the 23rd Annual Fine Arts Festival March 11, 2017 - March 12, 2017. Located in the Gulf Breeze High School-Parking Lot, this festival signals the beginning of spring to local art lovers. "Gulf Breeze Celebrates the Arts" is free to the public and includes over 140 artists.

The 20th Annual Cobia Tournament spans the entire month of March and is presented by HarborWalk Marina.  The Kickoff Party will be held at Harry T's Lighthouse on March 8th from 6-8pm. The tournament begins when the first fish is caught and ends April 30th at 8 PM. All events are free and open to the public.

Posted in Pensacola
Feb. 20, 2017

East Hill House at 2417 15th St is for sale

House for sale at 2417 15th Street

In the heart of East Hill on a corner lot, this newer constructed contemporary boasts a list of attractive attributes sure to please. A finely detailed great room with a dining area, glistening hardwood floors, cathedral ceilings and a stately full-length brick fireplace gives a warm, bright and airy ambiance. Master Bedroom suite, his and her sinks and a corner whirlpool tub - perfect for that much-needed end of day relaxation.

Great room in East Hill house

Favorably sized bedrooms allow room for comfort and privacy.  The backyard is fenced and features a patio for barbecuing. 

Call Kim Gibbons at Emerald Coast Realty to schedule a tour, 850-437-5618.

See listing detail page for 2417 15th Ave., Pensacola, FL 32503.

Posted in East Hill
Feb. 20, 2017

House at 16 N L St. in Pensacola for sale

 Home at 16 N L street in Pensacola

This charming, well-kept Pensacola cottage welcomes you with its adorable covered front porch and offers recently installed upgrades. With three bedrooms, two full brand new baths, hardwood floors, formal dining room and green back yard with a privacy fencing you can not go wrong. With just a few steps from downtown lined with historic architecture, restaurants, shopping boutiques and entertainment, and yet a short drive to the emerald green shores of the Gulf and beaches, you can enjoy the best of both worlds at a very affordable price.

 Living room in Pensacola home for sale

But do not take our word for it, arrange a viewing and see it for yourself.

Call Kim Gibbons at Emerald Coast Realty to schedule a tour, 850-437-5618.

See listing detail page for 16 N L St., Pensacola, FL 32502.

Posted in Pensacola