The decision was made recently and unexpectedly by Palm Coast Holding’s parent company, Allete Properties of Duluth, Minn. Seven employees will be affected.
palm coast real estate
Median Price of Homes in Flagler Cross Back Over $200,000 For 1st Time Since Housing Boom
The average number of home sales in the past seven months is still slower than the previous six months, but inventory is diminishing and prices continue to rise, once again raising questions of affordability.
Gail Downs, 2015 Realtor of the Year, Joins Parkside Realty Group
Parkside Realty Group Broker and Owner Sam Perkovich announced last week that Gail Downs, the 2015 Flagler County Realtor of the Year, has joined Parkside Realty.
Flagler-Palm Coast Score Most “Fantastic” Month of Home Sales Since Recession
The 247 homes sold in June reduced the county’s supply to just five months’ worth, tilting the market to sellers’ advantage, while prices saw a healthy rise as well.
Long-Planned Shoppes at Grand Haven on Colbert Lane Finally See Bulldozer Activity
First envisioned almost a decade ago, the Shoppes at Grand Haven will be the new home of the gated community’s sales offices, which will anchor a hoped-for commercial development, the first on Palm Coast’s Colbert Lane.
Say Goodbye: Old ITT Landmark and School Board Clunker to Be Demolished By Year’s End
The Flagler School Board got no bids on its 54,000-square foot building in pring, which it’ll pay $200,000 to demolish, after paying off a $770,000 debt on it.
Repertory Theatre Will Keep Its Home in a Favorable Arrangement With City Marketplace
The theater will remain at City Marketplace for at least one more year. City Repertory’s future had been in doubt for months with the departure of Hollingsworth gallery, which had been its landlord until its departure this month.
Palm Coast Council Has No Objection to 10% Rent Increase at City Marketplace Offices
The two sides this week have worked out a lease agreement that would raise Palm Coast’s rent by $2,000 a month, to $22,000, but also reduce Palm Coast’s space modestly, by 1,278 square feet, from a total of 22,200 square feet currently. The agreement will keep Palm Coast from having to look for new digs before its City Hall is ready next fall.
Hollingsworth Gallery Will Leave City Marketplace for Nature Scapes, Closing Curtain on Vibrant Arts and Theater Era
Hollingsworth Gallery and Nature Scapes in Bunnell are near a deal on the gallery taking over a 6,0000-square-foot building to develop new arts programs and a full arts community there, but leaving City Marketplace leaves City Repertory Theatre without a home, and a fourth season beginning in September.
City Markeplace Landlord Stuns Sheriff’s Palm Coast Precinct With 212% Fee Increase
While increasing rent a modest 3%, John C. Bills Properties told the Sheriff’s Office this month that its CAM fee would increase from $420 a month to $1,313 a month, and that the fee would be retroactive to January, adding another $5,400 charge, which a sheriff’s attorney finds inappropriate.
As City Market Place Plays Hardball With Palm Coast, Gallery’s and Theater’s Future There Dims
The new owners of City Market Place want to jack up rent on Palm Coast city offices by 33 percent, and slam similar increases on Hollingsworth Gallery and other long-time anchors of the strip mall, making every one of those tenants question whether they will be there much longer–and placing a cloud on the future of some tenants, such as City Repertory Theatre.
Ailing Palm Harbor Shopping Center Poised To Revitalize Itself as Bigger Island Walk
The remaking of Palm Harbor shopping center as Island Walk, with more and bigger stores in the old but semi-vacant heart of Palm Coast, has broad support despite a few unanswered questions, among them the likelihood that the shopping center will have enough tenants to fill the new space.
Flagler Homes’ Median Sale Price Up 28% Over Last Year as Investors Keep Buying
Sales closed on 200 single-family homes in June in Palm Coast and Flagler County, half those for cash as investors continue to buy homes. The median price of $144,500 is the best showing since February 2009. The median number of days those homes spent on the market was 71, an increase of eight days from last year.
Tidelands Condo Community Settlement May Underscore Turnaround for Palm Coast
Two legal settlements at Tidelands on the Intracoastal and a turn-around in sales suggest that one of the hardest-hit condo and home communities in Palm Coast is experiencing renewed vigor, and may be emblematic of a larger real estate turnaround in Palm Coast and Flagler County.
Bullish on 2013: Palm Coast and Flagler Housing Markets in Full Recovery
Have we returned to a normal market? No yet, writes Toby Tobin, but in a bullish analysis of Palm Coast’s and Flagler County’s current housing markets, he expects momentum to build into 2013, with all segments of the market are rising.
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.
When Will That Walmart Open on Old Kings Road? “Nobody Knows”
Expanding Old Kings Road was to guarantee Walmart’s opening by 2011, with 400 to 500 jobs. Instead, the city is left holding a bag-full of empty promises–and a $6.3 million loan from its utility fund.
In a Shift, and Despite Glut, State Approves 5,000-Home Palm Coast Development
Old Brick Township to Palm Coast’s northwest is just one of several planned developments and existing lots that would add 40,000 new homes and 9 million square feet of commercial and industrial zones, more than doubling Flagler’s and Palm Coast’s populations.
Scammed Into a Lease and Facing Eviction While the Accused Realtor Lives Nearby
A renter faces her fourth foreclosure-driven eviction in a year as local Realtors are struck with what appears to be a rogue Realtor’s rental scam in Palm Coast’s R Section.
Palm Coast: Best Place to Retire Or
Real Estate Hell? Take Your Pick
One publication declares Palm Coast real estate gold for retirees, another declares Palm Coast a lost cause for home prices.