2016 New Construction & Development Along the Emerald Coast

Have you noticed the change in our Emerald Coast footprint over the last decade? We are growing in leaps and bounds, keeping the real estate market hot for 2016. Some may be concerned over the increased development forever changing the area; however, this change comes as a great boost to property values as well as providing much needed jobs to boost our local economy.

From East to West we’re seeing many changes. Panama City Beach is thrilled to be partnering with St. Joe Company in bringing not only a new K-8 school to the area, but also a world-class sports village. The outcome is to attract more sports visitors to Panama City Beach to enjoy tournaments for soccer, lacrosse, rugby and football. New schools and the economic impact of the sports complex will surely increase property values and raise home sale prices and rental income for investment properties with the added guests visiting the area, especially in the off-season.

Nathan Abbott, with the Nathan Abbott Team, recently sold a parcel of land for a new resort condominium project in Panama City Beach, Tradewinds for $6,450,000. This prime beachfront property covers ~3.65 acres and ~450 feet of Gulf front footage. Nathan Abbott is your sales specialist for Gulf front development parcels in Panama City Beach with a proven track record. This is the 5th development parcel that he sold, in addition to being the listing agent for all the developer sales at the Palazzo condominium located on the Gulf along Front Beach Road.

The Georgetown

Going into Walton County, on the East end of Scenic Highway 30A, Rosemary Beach is excited about a new condominium, The Georgetown, set to begin construction this spring. This classic-contemporary structure will offer luxury living at a desirable location with deeded covered parking. Seagrove welcomes a new 31-unit condominium called Thirty-One on 30A.

Thirty OneA

FullSizeRender-4This exceptional and desirable destination offers the pinnacle in architecture, design, comfort and foremost beachfront living. Moving to the West, ResortQuest Real Estate is proud to be the exclusive listing office offering RidgeWalk in Santa Rosa Beach. RidgeWalk is a French-inspired coastal gated community situated on the Eastern boundary of County Highway 393. This Randy Wise development is a nature-rich planned community of 74 homes sites nestled throughout ~19.5 acres.

Okaloosa County is full of upcoming residential and resort developments this year as well. Destin is proud to announce a new condominium project, 1900-98, underway along the coast.

1900 98

This ultra-luxury condo will be built on ~150 feet of beachfront. As well as The Henderson, a Salamander Beach & Spa Resort in Crystal Beach that is scheduled to open this spring. This 170-room resort will provide a plethora of services and activities.

 

The HendersonIn addition, commercial opportunities are also growing in Destin with the Destin Commons expanding with the soon grand opening of Whole Foods next to the Bass Pro Shop. Locals and visitors can enjoy natural and organic foods, fresh veggies and fruits, and other goodies for healthier lifestyle options. Also neighboring Destin Commons, Turnberry Associates has plans in motion to build a 150-room hotel beginning this spring.

Fort Walton Beach boasts their new development now approved for construction and in planning, The Landmark Center. This center consists of two main buildings that will feature a mix of residential, retail and dining including a 112-room Hilton hotel, pool, executive offices, 24-loft condo apartments and a rooftop bar and restaurant.

Landmark Center

Please let us know if you are interested in any of these and other developments along the Panhandle! We are actively involved in Emerald Coast construction projects and opportunities, please contact us for a market review of your property or click here to search available listings along the panhandle!

Expert Advice on Selling Your Home

When considering selling your home, the first gems of advice are to de-clutter, de-personalize, and to stage your home. But what does that mean?

First off, hiring an experienced real estate agent who is an expert in preparing a home for market both aesthetically as well as financially is key. A good realtor will explain the need to de-clutter and de-personalize by packing away the majority of your knick knacks along with your personal family photos. When potential buyers walk into your home, they need to see somewhat of a blank canvas. That way, they can visualize their own décor and family photos on the walls. They need to see a minimal amount of your furniture in each room so they can visualize their own furniture in place. The more potential buyers can see themselves settled into your home – the more apt they are to make an offer! Sometimes if your furniture is “tired-looking,” it would be best to place those pieces in storage along with any other boxes you have packed. Leave every room, basement, and garage free of clutter. Amanda Abbott, Seller Specialist of the Nathan Abbott Team, says “You will be surprised how much of a difference some simple de-cluttering makes when presenting the home or condominium to the buyer. In today’s market, it is very important to have the countertops cleared off and the clutter minimized before taking the professional photos. Buyers shop online a lot before even calling the realtor, so putting the best foot forward from the beginning is extremely important. We will walk you through the process and personally help get your property show ready. Our experience and willingness to do so sets us apart from other listing agents.”

What does it mean to stage your home? A good realtor will explain the importance of walking into your home and viewing it through a potential buyer’s eyes. Your realtor should give you expert advice on what needs to go and what should stay before placing your home on the market. Maybe bring in a few fresh pieces such as a vase of fresh flowers or a few new pillows for the couch. Maybe the walls could use a fresh coat of a neutral color of paint. And most importantly, clean, clean, clean. Repair any leaking faucet; make sure all the light bulbs are working. Wax the woodwork and polish the floors. Make your home sparkle. Don’t forget the outside of your home. Take care of any chipped paint, weeds, and untrimmed trees and shrubs. Make sure your home has great curb appeal. Potential buyers want to see that your home has been well taken care of inside and out.

A bit of hard work before your home hits the market will be well worth the effort in getting you a top dollar offer!  Please contact the Nathan Abbott Team at ResortQuest for more information on listing your property today.

Panama City’s Palazzo Condominiums Offer Great Investment Opportunities

Palazzo-exterior-vertIf you enjoy sugar white sand and emerald green water, Panama City Beach may be just the place for you. For years, the Nathan Abbott Team has been helping buyers find the perfect vacation home and helping sellers make the most from their beach property sell.

Palazzo Condominiums, on the west end of Panama City, is a premier beach front resort and The Nathan Abbott Team has been whole-heartedly involved with Palazzo from the beginning. The Nathan Abbott Team was one of the preconstruction listing agents for Palazzo and has been involved with approximately 60% of all units sold since the completion of the building in 2008. To say the least – We know Palazzo.

If you currently own a property in Palazzo and are thinking about selling or are interested in learning more about the current market and sales for Palazzo, we have the knowledge to help you make your decision. There has been a significant amount of activity in Palazzo for 2014.

The Nathan Abbott Team recently sold two Palazzo units at great prices:

  • Unit 208, Sold for $545,000
    This unit has been the highest three bedroom sale at Palazzo this year! Unique West end three bedroom corner unit with two balconies. This unit was sold fully furnished and decorated with contemporary décor, granite countertops, tile floors, white appliances, garden tub, and washer and dryer.
  • Unit 807, Sold for $410,000
    The Nathan Abbott Team procured the buyer for this three bedroom interior unit. The unit was sold fully furnished and decorated with granite countertops, tile floors, black appliances, garden tub, and washer and dryer. Highly sought after 8th floor at Palazzo!

We take great pride and care in how we will market and sell your property. With wide reaching website listings, professional photography, virtual tours, email campaigns, direct mail and Palazzo specific newsletters, our marketing efforts go a long way to entice buyers to visit your Palazzo property. We even provided designated text and QR codes for your property that can be scanned by any smart phone.

palazzo-sold-2014

See the table above for Palazzo units sold so far in 2014. *Units sold by The Nathan Abbott Team. 

If you think you may be interested in listing your property, contact us for a free market analysis today.

If you are thinking about investing in a Panama City Beach property, Palazzo Condominiums offers an impressive array of Gulf front amenities including an elevated tropical gulf front pool and spa, fitness facility, meeting space and covered Gulf side parking. Palazzo units include one, two, and three bedroom units, each with granite countertops, nine foot ceilings and private balconies. Palazzo is conveniently located just minutes from Pier Park and Frank Brown Recreation Center.

Ready to start looking for you dream Emerald Coast property? Contact The Nathan Abbott Team and one of our Buyer Specialists will help you find the perfect property. You can alsoview all Palazzo units currently available.

Photo: Palazzo Condimimums Exterior Beach Side

Okaloosa-Walton ranks third nationally in growth rate!

Okaloosa and Walton counties have been recognized as one of the fastest growing regions in the country! We owe a lot of this success to our increased activity in 2012 and currently in 2013 within our real estate & rental markets. Now is a great time to invest along the Emerald Coast. Be sure to checkout the article below posted March 14th in the Northwest Florida Daily News.

By DUSTY RICKETTS / Daily News 

Published: Thursday, March 14, 2013 at 18:28 PM

Okaloosa and Walton counties have been recognized as one of the fastest growing regions in the country.

The U.S. Census Bureau on Thursday released a list of the 10 fastest-growing metropolitan statistical areas. The Crestview-Fort Walton Beach-Destin MSA, which takes in all of Okaloosa and Walton counties, ranked third.

Larry Sassano, interim president of Florida’s Great Northwest, said the ranking will be a great way to market the area as one that is vibrant and growing.

“That’s impressive,” Sassano said. “If you show that you have the third fastest-growing MSA in the country, that’s going to say something about the potential for growth for companies. Companies want to grow from a larger pool of potential employees.

“I think this is a good marketing tool for the region,” Sassano added. “Even though it’s really isolating it to two counties, it’s two counties in Northwest Florida. Anytime you can promote even one county, the other counties will have a positive impact as well.”

The Crestview-Fort Walton Beach-Destin MSA had a population of 239,021 in July 2011. That grew to 247,665 by July 2012 for an increase of 3.6 percent. Only the Midland, Texas, and Clarksville, Tenn.-Ky., MSAs had higher growth rates, at 4.6 percent and 3.7 percent, respectively.

Sassano said one of the biggest factors companies consider when they are deciding where to operate or expand is the availability of a strong workforce. A growing population helps with that.

“The larger the population, the more opportunities employers have to select qualified employees,” Sassano said.

Local economist David Goetsch said part of the growth in Okaloosa and Walton counties during that time frame was because of the addition of a new battalion to the Army 7th Special Forces Group (Airborne) and the continuing migration of retirees.

“Nobody’s growing very much because of the economy,” Goetsch said. “It’s good news for us, but we’re kind of one of the fastest growing in a very slow-growing economy.

“We’re leading a very slow pack,” he added.

Goetsch said he doesn’t expect the Crestview-Fort Walton Beach-Destin MSA to remain one of the fastest-growing areas for much longer.

“Even without sequestration, I wouldn’t expect it because you get the benefit of the 7th Special Forces once, and we’ve got that now,” Goetsch said. “The small amount that we typical grow out of retirements will continue, but that is small, and with sequestration that will probably even be slower.

“With sequestration we will probably lose some also. Not military, not retirees, but we’ll probably lose some defense personnel.”

Contact Daily News Business Editor Dusty Ricketts at 850-315-4448 or dricketts@nwfdailynews.com. Follow him on Twitter @DustyRnwfdn.

 

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