Mori Hosseini’s ICI Homes has been battling Palm Coast since 2004 over a zoning designation in the E Section that ICI claims denied it its development rights. The deal means 58 homes on lots smaller than the norm in Cypress Knoll can now be built there.
Real Estate & Development
Foreclosure Fast-Tracking Bill Has Homeowners Worried About Being Shoved Out
A controversial bill backers say would speed up the foreclosure process and help jumpstart the economy made its Florida Senate debut Monday amid concerns that the measure could leave some homeowners unjustly out in the cold.
Palm Coast Council Rejects Latest Cypress Knoll Development Proposal
The proposal, rejected 4-2 by the Planning Board, is part of a settlement of a long-running dispute between developer ICI and Palm Coast, would have allowed up to 60 homes west of East Hampton and south of Eric Drive.
Mission Stumbles: How Fannie and Freddie Put Homeowners and Taxpayers at Odds
Here’s a primer on Fannie and Freddie’s role in the housing market, why their actions often go against the interests of homeowners and are even at odds with their own mission, and what to expect from here on.
Good News for Flagler Property Owners: Most Home Values Will Barely Fall; Some Will Rise
Flagler County Property Appraiser’s preliminary estimate sees a property value drop in “the low single-digits” at most, with taxable values rising in Grand Haven and Flagler Beach, among other spots, as the five-year collapse in values appears to draw to an end.
Debt, Divorce, Downsizing and Death: The Thriving State of Estate Sales in Palm Coast
Estate Sales have been the lifeblood of Diana Minotti’s business in Palm Coast in the last four years, underscoring the extent–and occasional upside–of a recession as people retrench and sell off luxuries from fine art to historic furniture.
Light at the End of the Catacombs: Home Sales Up Significantly in Flagler and Florida
Palm Coast’s and Flagler County’s real estate market can take heart: for the first time in half a decade, the home-buying industry is looking a lot less grim than it’s been, even if prices have yet to catch up to the uptick in sales.
Timeline: Hammock Dunes DRI, 1982-2011
Timeline of the Hammock Dunes development DRI from its Admiral-ITT origins through its Ginn-Luber Adler ownership and disputes with the Flagler County Commission.
Palm Coast Seethes as Flagler Ends Hammock Dunes DRI’s Obligations to County and City
The Flagler County Commission closed the books on the 28-year-old Hammock Dunes “development of regional impact,” angering Palm Coast over developer dollars the city contends should still be paid for widening Palm Harbor Parkway.
Palm Coast’s Strathmore Deli Closes, Citing Overhead; Another Strip Now Stressed
Strathmore Deli, renamed Best Bagels & Deli, was the high-traffic anchor for the Parkway Plaza strip between Plam Coast Parkway and Cypress Point. Its abrupt closure four years after it opened is rippling with consequences.