Emerald Coast Real Estate Update

Trusted Real Estate News Blog

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
Feb. 3, 2017

Sabine Yacht & Racquet Club 2C for sale

Sabine Yacht & Racquet Club 2C balcony

Beautifully decorated and upgrades galore, this spacious one-bedroom unit is fully furnished and ready to move. The living area takes you to the balcony which stretches across the length of the unit and is the perfect place to watch the sunset during the summer months. The completely remodeled kitchen has granite countertops, high-end appliances including a stainless steel Subzero refrigerator and custom maple cabinetry. The master suite offers s balcony entrance and a large window to set back, relax and enjoy the view. The master bath has also been nicely updated.

Sabine Yacht and Racquet Club is in the center of Pensacola Beach just across the street from the Gulf of Mexico and overlooking the Santa Rosa Sound. The gorgeous panoramic views are just part of the attraction to this sought-after complex. Residents and guests alike can enjoy the fully equipped fitness room with sauna, showers and locker rooms. The large pool is the perfect lounging area for relaxation or enjoy a tennis match on private tennis courts. There is also a boat launch, boat dock and boat slips available for lease.

Boats on Little Sabine Bay in Pensacola Beach

The variety of award winning dining choices are abundant near the complex. The historic downtown district is just a short drive with numerous cultural and entertainment options.

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

See listing detail page for Sabine Yacht & Racquet Club 2C, Pensacola Beach, FL 32561.

Posted in Pensacola Beach
Feb. 3, 2017

Emerald Isle 501 for sale Okaloosa Island

View of Okaloosa Island beach

Emerald Isle is one of the most popular resort destinations on Okaloosa Island. These beachfront condos offer breathtaking views of the Gulf of Mexico and the famous beaches. Residents and visitors alike can enjoy playing tennis on the private courts, relaxing by the beachfront pool or grilling up their fresh catch at the community grilling area which offers a private walkway directly to the beach.

The complex was recently remodeled with $4.6 million in upgrades that included new sliding glass doors, new tinted double pane windows, new elevators, and railings. The electrical and plumbing also were upgraded, and the exterior resurfaced.

Escape to the Emerald Coast with this gorgeous two-bedroom, 5th-floor unit that is fully furnished and beautifully decorated. The unit comes with a dedicated parking space and a fully equipped kitchen. The main living space is tiled and features crown molding. The spacious master suite and guest bedroom both have sliding glass door access to the balcony which overlooks the pool and the Gulf.

Emerald Isle on Okaloosa Island

With a prime location between Destin and downtown Fort Walton Beach, residents and guests enjoy easy access to a variety of local restaurants, entertainment, fun attractions, and some of the best shopping in Florida.

Give Melinda Feldner at Emerald Coast Realty a call to set up your personal tour, 850-437-5618.

See listing detail page for Emerald Isle 501, Fort Walton Beach.

Posted in Fort Walton Beach
Jan. 23, 2017

2016 Pensacola Real Estate Market Review

At this time in 2016, we were forecasting a good year. As it turned out, 2016 exceeded all sales expectations and was the second best year for residential real estate sales in the history of the greater Pensacola area.

Historical chart of Pensacola real estate sales

As you can see in the above chart, real estate sales have been growing continuously year-over-year since 2011. Some of the key reasons for the ongoing upward trend are listed below.

  • Pent-up demand - have waited for better times to buy a second home or investment property
  • Employment - After unemployment hit a high here in January 2010 at 10.8% is now at 5.1%.
  • Population growth - The population in Escambia County as increased by 4.2% since 2010
  • Few Distressed properties - in January 2011 distressed properties (both foreclosures and short sales) made up 18% of all listings; in 2016 this number is 4%.
  • Fewer Upside down mortgages - More people can now buy and sell homes
  • Mortgage rates are still very low - Currently, rates are slightly over 4%
  • Credit is getting easier to obtain - Lenders are loosening up on down payments and credit scores
  • Bad credit scores are getting better - People with foreclosure or short sale in their past (7-10 rears ago) are now able to qualify. Everyone’s credit is improving for the most part.
  • Growing number of retirees - Aging population want to move to Florida

2016 closed out with a strong December, the third best December ever for properties listed in the Pensacola MLS. We anticipate 2017 to be as strong a year as 2016, but most likely better.

Pensacola area condominium sales

The number of condominium sales has remained stable since 2013, nearing 600 units per year. This plateau in condo sales appears to be a result of no new units have been built since 2008. There are currently several condo complexes under construction or in the planning phase that will affect future sales numbers.

Beach condos are still very popular with families and retirees alike. Everyone loves the beach, but not everyone can perform the upkeep a beach home requires. The low maintenance benefit makes owning a condominium a winner for many buyers. Beach properties are often placed on the vacation rental market with not in personal use to reduce the net cost of ownership.

There are some important economic changes that will influence sales to the upside.

  • New construction of homes and condominiums
  • Changes in personal and corporate tax rate
  • Reduced bank regulations
  • Wage and job growth
  • Downtown business and residential developments
  • Continued population growth

In 2016, Emerald Coast Realty exceeded projections and completed our best year in real estate sales. Our expert team of real estate agents worked hard with sellers and buyers to provide the best experience possible during their transaction. We pledge to do the same with you in 2017.

See more detailed home sales data and information about the Pensacola real estate market.

Written by: Emerald Coast Realty

Posted in Real Estate News
Jan. 23, 2017

February 2017 Fun Events

Mardi Gras in Pensacola

Now that Christmas and the New Year’s festivities are behind us, Pensacola’s thoughts turn to Mardi Gras. Local bakeries offer King Cakes of all varieties, and several restaurants have cakes delivered from New Orleans.The red and green holiday decorations from last month give way to purple, green, and gold.

Mardi Gras celebrations in Pensacola date back to the1870’s, making it one of the oldest in the United States. Parades in Pensacola and Pensacola Beach tend to be family friendly and well attended.

One of the largest parades is the Pensacola Mardi Gras Grand Parade on February 25th. This parade rolls down the heart of downtown Pensacola, one of the original celebration sites for Mardi Gras in the U.S. and is the highlight of the Mardi Gras season each February. This parade lists over 6,000 participants and starts at Spring and Garden St at 2:00 pm. Look for downtown vendors to join in the celebration with food and libations as well as activities for the kids and fun zones free of alcohol.

Pensacola Beach

Downtown Pensacola is the place to be for our Mardi Gras Street Party on February 28, 2017. The procession begins at 5:00 pm at Palafox and Government Street.

You can proactively work off those Mardi Gras calories at the Double Bridge Run on February 4, 2017. Starting at 101 W Main Street, this event crosses over two bridges, across Pensacola Bay and Santa Rosa Sound. The course includes Pensacola's historic district, Bayfront Parkway, a run through Gulf Breeze, and onto Pensacola Beach. The 5K invites both runners and walkers to travel from Gulf Breeze to beautiful Pensacola Beach on Santa Rosa Island and the Gulf Islands Seashore.

While you find yourself downtown, be sure to check out the vendors on Saturday morning at the Palafox Market. The market offers to produce, baked goods, plants, art and jewelry sold by the good folks who grew, baked and made their wares. No weekend is complete without a trip to the market and then on to Joe Patti’s.

Posted in Pensacola
Jan. 15, 2017

House at 5215 English Oak Dr in Pace for sale

Home at 5215 English Oak Dr in Pace is for saleThousand Oaks is a peaceful, family friendly, desired development located in Pace FL, surrounded by a woodland landscape with magnificent oaks and old growth pines. This beautiful all brick home has many amenities such as Architectural shingles, a 14x16 screened patio, two-car garage, colorful landscaping and warm curb appeal.

The architectural design of the home is stunning, from the arched entry ways to the cathedral ceiling. The large open floor plan welcomes you inside with a great room that is 30' wide, a beautiful tiled fireplace, plant ledges, separate dining room, breakfast room and office. The split floor plan offers privacy to the master suite. The master bath has dual vanities, two walk-in closets, a garden tub, separate shower and water closet. Each guest bedroom also has over-sized closets. The elegant kitchen features a breakfast bar, granite counters, inset sink, shaker style cabinetry, a spacious pantry and stainless steel appliances with flat top stove and built-in microwave.

Living Room

It is obvious that this home is very well maintained. It is in like new condition with desirable upgrades. The beautiful location and community lend greatly to the beauty of this home. Perfect for a family, conveniently located to shopping, dining and is a short drive to canoeing on the Blackwater River and the peaceful beaches on the Gulf of Mexico.

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

See listing detail page for 5215 English Oak Dr in Pace, FL 32571.

Posted in Pace, FL
Jan. 12, 2017

House at 6519 Welannee Blvd in Laurel Hill for sale

Home for sale at 6519 Welannee Blvd in Laurel Hill

Yellow River Plantation is an upscale neighborhood located on the outskirts of Crestview, Florida. It is well known for its huge one-acre lots and gorgeous home designs. The community has miles of nature hiking trails, a children's playground, a seven-acre park and picnic area with gazebos and two stocked fishing ponds.

Built in 2014, this gorgeous, immaculate home at 6519 Welannee Blvd in Laurel Hill, has an extra tall, 8-foot privacy fence surrounding a spacious back yard, perfect for families. The open patio is a great place for outdoor dining. Prepare to be impressed by the beautifully designed floor plan which offers large open spaces and a gorgeous tile stone as the centerpiece of the living area.

Nice large kitchen

The kitchen has everything a chef could want with a center island, loads of granite counters, a spacious pantry, stainless steel top of the line appliances, a double oven and more. The master suite has two huge walk-in closets, a double vanity, separate shower and water closet. There are three additional guest bedrooms and two additional guest bathrooms. The three-car garage offers plenty of room for storage.

Living in this neighborhood is everything a family would desire. Located just five minutes from Crestview High School, grocery stores, shopping, and restaurants. A fantastic opportunity to live in an amazing community.

Call Melinda Feldner at Emerald Coast Realty to schedule a tour, 850-437-5618.

See listing detail page for 6519 Welannee Blvd, Laurel Hill FL 32567.

Posted in Crestview
Dec. 20, 2016

Parasol West home for sale in Perdido Key Florida

 

Perdido Key hose for sale at 365 Gulfview LaneHave you been daydreaming about long walks, hand in hand on the beach in Perdido Key? Have you ever wanted to live in luxury on the water? This gorgeous waterfront home at 365 Gulfview Lane in exclusive Parasol West is everything you have ever dreamed of, and it is waiting for you.

Three levels, five bedrooms, four and a half baths, mother-in-law suite, elevator, open floor plan, gated community and so many upgrades. The third level is dedicated to the private master suite and balcony which has a landing that overlooks the living area with 20-foot ceilings. The spacious open floor plan flows into the large chef's dream kitchen with granite top island and a huge balcony with outdoor bar and cook area.

Gulf view Livingroom

All five bedrooms are spacious and have plenty of room for sitting areas. The first level mother-in-law suite guest quarters has a kitchenette, full bath, private bedroom, large living area and built-in Murphy bed as well as a private walk-out patio. With a private beach, access to the community boat launch, pier and boat slip available, what a fabulous place to live, play and work.

 Call Miriam Rowland at Emerald Coast Realty to schedule a tour, 850-437-5618.

See listing detail page for 365 Gulfview Lane, Perdido Key, FL 32507.

Posted in Perdido Key
Dec. 16, 2016

House at 4807 Birchwood Place in Pensacola

4807 Birchwood Place home for sale in Pensacola

Are you looking for convenience? Then you have found it at 4807 Birchwood Place in Pensacola. This lovely home is near hospitals, the mall, movie theaters, the interstate, and the beach is minutes away. This property would make a great rental investment opportunity or if you want to downsize. It would even be the perfect starter home.

Three bedrooms, two baths, with vaulted ceilings and a great layout for entertaining. Spacious living room opens to the dining room and kitchen leading out to the large backyard and open patio. Perfect for family gatherings.

Living room

The property is nestled in a quiet neighborhood, far enough away from the action but close enough to walk to restaurants, shopping, and entertainment. As you pull up, the first thing you will notice is the tiered planting beds adding to the curb appeal of your home.

Call Todd Atichson at Emerald Coast Realty to schedule a tour, 850-437-5618.

See listing detail page for 4807 Birchwood Place, Pensacola, FL 32503.

Posted in Pensacola