461 existing single-family homes (detached) were sold in the Daytona Beach area with median home sales price of $377,500. That’s a more than 4 percent increase in total home sales compared to June 2022, but it’s 3.5 percent lower than home sales in May.
Real Estate & Development
The Palm Coast Planning Board Wednesday evening recommended approval of the development of 275 upscale town-home apartments in a gated community on 40 acres at the southeast corner of Citation Boulevard and Belle Terre Boulevard. One of the developer’s representatives described the project as “an upscale community without being unaffordable,” which may have broken new ground in real estate doublespeak.
Coquina Shores, the 750-home development planned as a 505-acre gated community in a north-south rectangle north of State road 100 and east of Old Kings Road in Palm Coast, will be built with $65 million in infrastructure and run as its own community development district, or CDD, like Grand Haven and Hammock Dunes.
The Flagler Beach City Commission Wednesday evening cleared the way for a 39-unit, two-building apartment complex on 3.2 acres between Leslie and Joyce streets, off of John Anderson Highway and just south of State Road 100. The 4-1 vote followed insistance from commissioners that the development’s recreational amenities be more enhanced as such.
The just-completed A-frame pedestrian bridge over State Road 100 has turned into a recurring joke and a legitimate traffic concern that the county is addressing. But some officials see an opportunity in the bad publicity the bridge is attracting, because with it comes tourist interest and a potential marketing coup.
Matanzas Shores will soon lose its distinction as an upscale community free of shops, restaurants and the traffic that goes with it all as a developer is about to build a strip mall on 2.25 acres at the southwest corner of State Road A1A and San Carlos Drive.
Almost a year to the day when the Palm Coast City Council approved the project, Crest Residential broke ground on Wilton Palm Coast, a 251-unit luxury complex split between a quadrangular, four-story building and a few three- and two-story buildings.
Property values didn’t rise as sharply this year as they did in 2022. But the increase is still the second-highest in 16 years, generating substantial new revenue for local government budgets.
Home sales continued to cool down across the Daytona Beach area during April, along with the median home sales price.
The Palm Coast City Council last week approved rezoning 42 acres of greenbelt-designated land to make room for a 180-home single-family residential development that will expand the built-out footprint of Seminole Woods.