info on "bungalows @ seagrove"

**bdc63** · 06-21-2006, 02:16 PM

Hi. This is my first post, but I've been reading for about a year now. I've really enjoyed the candid insight offered on this site, as well as how helpful you all are to each other.

I've been searching for info on the bungalows at seagrove, and was hoping someone here might be able to help. I've found some info on real estate listing sites, but can't find the community/developer's website.

Anyone have a link to a site where I could find things like a plot of the community, homeowners fees, who the builder was/is, what they originally sold for ...

Also, is the community complete, or is it still a construction site?

Any help would be appreciated. Thanks.

**kathydwells** · 06-21-2006, 02:30 PM

BD, I don't have any information for you, but I am sure someone will get back to you. Just wanted to say hi and welcome you.

**dbuck** · 06-21-2006, 02:44 PM

and I bet Smiling JOe can answer this for you. He will be around shortly.

**Beachlover2** · 06-21-2006, 02:53 PM

Try www.waltonpa.com
http://clerkofcourts.co.walton.fl.us/ORSearch/

I find these both helpful

**Miss Kitty** · 06-21-2006, 03:51 PM

bdc! I lurked for about a year too....and then I started typing and well, I can't seem to stop!

**skippertoo** · 06-21-2006, 03:57 PM

Originally Posted by Sueshore

bdc! I lurked for about a year too....and then I started typing and well, I can't seem to stop!

Posts
Total Posts: 7,619 (20.25 posts per day)
Find all posts by Sueshore

**Miss Kitty** · 06-21-2006, 04:04 PM

Originally Posted by skippertoo

Posts
Total Posts: 7,619 (20.25 posts per day)
Find all posts by Sueshore

...that's always horrifying info! BTW...I wouldn't suggest you find all posts by Sueshore unless YOU really don't have a life!

**bdc63** · 06-25-2006, 07:15 AM

Thanks all for the warm welcome. And Beachlover2, thanks for those links - I haven't found the info that I'm looking for yet, but those links should be helpful.

**Unplugged** · 06-25-2006, 10:09 AM

Originally Posted by bdc63

Hi. This is my first post, but I've been reading for about a year now. I've really enjoyed the candid insight offered on this site, as well as how helpful you all are to each other.

I've been searching for info on the bungalows at seagrove, and was hoping someone here might be able to help. I've found some info on real estate listing sites, but can't find the community/developer's website.

Anyone have a link to a site where I could find things like a plot of the community, homeowners fees, who the builder was/is, what they originally sold for ...

Also, is the community complete, or is it still a construction site?

Any help would be appreciated. Thanks.

It sounds like you need a good REALTOR�

There are several of us on this board.

There are 15 active listings: $399,900 - $499,000

**Tamala** · 07-15-2006, 02:01 PM

Hello,

I just purchased a Bungalow. It is great and renting well. You can visit my website <del> for more information about the Bungalows.

I know of one for sale (furnished for 379K) if interested call

Tamala
251-209-0072

**kurt** · 07-18-2006, 07:50 AM

Originally Posted by Tamala

Hello,

I just purchased a Bungalow. It is great and renting well. You can visit my website <del> for more information about the Bungalows.

I know of one for sale (furnished for 379K) if interested call

Tamala
251-209-0072

I require permission and payment for the use of my photos. You should have agreed to pay me for my property when I called you instead of being obstinate. I have sent you an invoice and I expect payment.

**SHELLY** · 07-18-2006, 10:48 AM

Originally Posted by kurt

I require permission and payment for the use of my photos. You should have agreed to pay me for my property when I called you instead of being obstinate. I have sent you an invoice and I expect payment.

Whoa, Nelly!

**kurt** · 07-18-2006, 10:58 AM

Originally Posted by SHELLY

Whoa, Nelly!

He who does not enforce copyright, forfeits copyright.

**Beachbummett** · 07-18-2006, 01:39 PM

Tell 'em about it Kurt!

**joho** · 07-18-2006, 02:58 PM

7-18-2006
MLS
17 Bungalows @ Seagrove for sale (all 2br 2/1 ba) 1,100 sq ft
lowest = unit #143 $379,900
highest = unit #153 $539,900

way to go Kirt.................................

**joho** · 07-18-2006, 03:24 PM

Edwards/Edwards & Asso Inc.
3645 E. Co Hwy 30A #5B
Seagrove, Fl 32459

sold to:

Bungalows Development Company LLC
36468 Emerald Coast Pkwy #1201
Destin, Fl 32541

Home owners fee : $221.00 mo

First WD on record: 11/22/2005 unit #107 $241,775
Second WD on record: 11/23/2005 unit #147 $284,900

**bdc63** · 07-19-2006, 09:11 AM

Originally Posted by joho

First WD on record: 11/22/2005 unit #107 $241,775
Second WD on record: 11/23/2005 unit #147 $284,900

thanks for all the info joho!

and now for what I'm sure is the dumbest question ever asked on this site ... what does WD stand for?

**joho** · 07-19-2006, 09:48 AM

Not the dumbest by far...........WD = Warranty Deed
Good Luck!

**bdc63** · 07-19-2006, 02:06 PM

Originally Posted by joho

Not the dumbest by far...........WD = Warranty Deed
Good Luck!

So, does that mean that the first unit that sold in this community was 8 months ago for a price of $241,775? (I know, I'm slow ... maybe they will let me ride the little yellow bus).

**Franny** · 07-19-2006, 02:17 PM

Originally Posted by bdc63

So, does that mean that the first unit that sold in this community was 8 months ago for a price of $241,775? (I know, I'm slow ... maybe they will let me ride the little yellow bus).

yes that is correct..no need to ride the yellow bus, just stay on the sowal cart!!

**joho** · 07-19-2006, 02:27 PM

11-22-2005/ First WD Recorded
Grantor - Bungalow Development
Grantee - S & V Ventures LLC
Unit # 107
Sales Price $241,775

**bdc63** · 07-19-2006, 02:27 PM

I don't get it.

Its my understanding that the market started "softening" last year ... increasing volume for sale and deceasing prices.

2 units sold in this community last year for $242K and $285K.

17 units are currently on the market and are listed for a range of $380K to $540K.

So that's an increase of between 57% and 123% from 11/22/05 ... 8 months later in a down market.

What the heck am I missing?

(Shelley, please don't tell me that it's because the higher priced units have granite counter tops)

**Pirate** · 07-19-2006, 06:54 PM

Originally Posted by bdc63

I don't get it.

Its my understanding that the market started "softening" last year ... increasing volume for sale and deceasing prices.

2 units sold in this community last year for $242K and $285K.

17 units are currently on the market and are listed for a range of $380K to $540K.

So that's an increase of between 57% and 123% from 11/22/05 ... 8 months later in a down market.

What the heck am I missing?

(Shelley, please don't tell me that it's because the higher priced units have granite counter tops)

The only word that matters is "sold".

**SHELLY** · 07-19-2006, 09:43 PM

Originally Posted by bdc63

I don't get it.

Its my understanding that the market started "softening" last year ... increasing volume for sale and deceasing prices.

2 units sold in this community last year for $242K and $285K.

17 units are currently on the market and are listed for a range of $380K to $540K.

So that's an increase of between 57% and 123% from 11/22/05 ... 8 months later in a down market.

What the heck am I missing?

(Shelley, please don't tell me that it's because the higher priced units have granite counter tops)

Here's the disconnect: An increase in "ASKING" prices is meaningless---that's why there are 17 units rotting on the vine.

My '65 Rambler Wagon has an "asking" price of $50,000--I'm planning on pimping it out with a granite dashboard....so I guess the market for '65 Ramblers is hot...no?? (P.S. I've had no offers since I put it on the market--wonder what's up with that?

)

**joho** · 07-20-2006, 11:19 AM

245k and 285k
were pre-construction prices,
in the mean time recent sales from public records are as follows:

375k unit #114 01-31-06
375k unit #116 01-31-06
385k unit #144 04-20-06

these prices will be used as comps for the next sale..........
I hope this answers your question.

joho

**bdc63** · 07-20-2006, 11:57 AM

Thanks joho for the clarification. You have been very helpful. Are you an agent by chance?

**Cork On the Ocean** · 07-20-2006, 12:44 PM

I'm showing to recent sales at $495K and 15 active units. Haven't found anything on the units in the 200's but it's not unusual for them not to put original developer units in the MLS and haven't spent a lot of time researching the public records but here's the 2 sales and 15 actives.

http://ecarmls.com/EmeraldReports/li...sp?ID=77067139

**joho** · 07-22-2006, 09:36 AM

cork..............

The two sales you are using closed last year.
Unit #107 contract date 2-28 05 closed date 12-26-05 $495k
Unit #156 contract date 3-29-05 closed date 12-28-05 $495k

That was back at the "top of the curve"

The most recent sales is where the market is at this time..........

To answer bdc63 question:
Yes I do have my license (like everybody else)
but I also research data and work very closely with an appraisal firm in the area.

Have a great weekend cork and bdc63.........................
joho

**bdc63** · 08-03-2006, 11:08 AM

It's been a month since I looked at this community in the mls, so I decide to take a look today ... not sure if anyone else on this board really cares, but I find the data quite interesting.

None of the 17 properties (about 1/2 of the community) have been removed from the mls, and one has been added at $525K. The previous price range was $379K to $539.9K, and now the range is $355.9K to $539.9. Five properties dropped prices since July 9th, as follows:

Unit old price new price
114.....$437K......$355.9K (down $81.1K or 18.5%)
116.....$437K......$355.9K (down $81.1K or 18.5%)
110.....$399.9.....$359.9 (down $40K or 10%)
143.....$379........$359.9 (down $19.1K or 5%)
149.....$450........$399.9 (down $50K or 11%)

**kurt** · 08-03-2006, 02:47 PM

Originally Posted by bdc63

It's been a month since I looked at this community in the mls, so I decide to take a look today ... not sure if anyone else on this board really cares, but I find the data quite interesting.

None of the 17 properties (about 1/2 of the community) have been removed from the mls, and one has been added at $525K. The previous price range was $379K to $539.9K, and now the range is $355.9K to $539.9. Five properties dropped prices since July 9th, as follows:

Unit old price new price
114.....$437K......$355.9K (down $81.1K or 18.5%)
116.....$437K......$355.9K (down $81.1K or 18.5%)
110.....$399.9.....$359.9 (down $40K or 10%)
143.....$379........$359.9 (down $19.1K or 5%)
149.....$450........$399.9 (down $50K or 11%)

Here's a look at it.
http://www.emeraldcoasttours.com/151bungalowsofseagrove