Eden's Landing?

Goddessgal!

I can highly recommend Artisan Builders, they built our house in Watersound and we could not have had a better experience. The office number is 850-231-4604 ask for Peter Horn or his wife Susan. I'm sure they will be able to give you a lot of information. Last I spoke to him about it someone was about to start building there. Tell them I sent you!

Another question on area. Any feed back about the lots on "Dog Hobble rd" (got to love that name) A little after you pass EL and go right. Every time we're in town we drive by and all lots seemed listed but the agents change.

Great lots. Lots of flips. I have noticed a constant agent switch on that road?

Elitrope and Beachbummett, thanks for the info (and the welcome)! I am impressed with the designs from both builders/architects. I was in town for a quick weekend trip - you may have seem me driving all around your neighborhoods with my parents By the way, everyone we encountered was friendly and waved - my kind of friendly funky artsy place! I would love to be your neighbor! $ is tight for myself and "goddessguy" but we definitely know where we would like to live! Just send some good vibes our way!

What's the latest with this development? We drove through Easter weekend and it still seemed to be a ghost town with infrastructure and a nive community pool facility. Bobby J., I see above where you own a lot there. Do you expect someone to pick up the development at some point?

I did see an MLS listing for one at $19,900! Ouch! That would have to be a great buy and the current developer seems to be stable and maintain the area. They like many are holding to see what happens.

I did see an MLS listing for one at $19,900! Ouch! That would have to be a great buy and the current developer seems to be stable and maintain the area. They like many are holding to see what happens.

That would be the one that led us to this thread. Is Artisan Two, LLC, the current developer, and/or the investor that Buster mentioned?

That would be the one that led us to this thread. Is Artisan Two, LLC, the current developer, and/or the investor that Buster mentioned?

I am sure it is the original Developers. Artisan Two. What a great buy. It seems the bank is declaring a bottom. Buy it and build!

Lot is pending! Great buy!Someone got a deal!

Jiminy Cricket what a deal!

These lots are 2,668 square feet. That makes this lot about $340K/acre. That seems a little steep.

These lots are 2,668 square feet. That makes this lot about $340K/acre. That seems a little steep.

What would be a good price in your eyes based on your calculations for that lot.
Does this mean that we should sell lots now based on acre price?

What would be a good price in your eyes based on your calculations for that lot.
Does this mean that we should sell lots now based on acre price?

It is a small lot, you must agree. I know that people look at $$/SF when looking at a home, it only makes sense that the size of the lot would have an impact on how much of a value a lot is at a given price.

It is a small lot, you must agree. I know that people look at $$/SF when looking at a home, it only makes sense that the size of the lot would have an impact on how much of a value a lot is at a given price.

True. But, that may be why it sold for $19,900. Hard to compare a typical lot to acreage pricing. I see where you are heading and good point but kind of not comparing apples to apples.
Back in the day I was involved in a transaction in Seagrove with 5 acres for 15 million. 3 million an acre. So today $340K an acre is looking good. I have rarely seen a buyer ask me how much that lot is per acre unless I am showing property/acreage in rural areas. $19,900 is a good buy for a lot that you can build one house on in Pt. Washington. The fact it is pending tells me so.

"Small" lots are common in that type of development. It looks like it will be a nice neighborhood with great amenities in a great location. The lot prices seem to be a rather good deal compared to similar subdivisions in South Walton.

True. But, that may be why it sold for $19,900. Hard to compare a typical lot to acreage pricing. I see where you are heading and good point but kind of not comparing apples to apples.
Back in the day I was involved in a transaction in Seagrove with 5 acres for 15 million. 3 million an acre. So today $340K an acre is looking good. I have rarely seen a buyer ask me how much that lot is per acre unless I am showing property/acreage in rural areas. $19,900 is a good buy for a lot that you can build one house on in Pt. Washington. The fact it is pending tells me so.

You can't compare 30A to Point Washington. Of course, our School board paid $100K/acre for unimproved land with no legal access in Point Washington, so you can always find someone who thinks something is a value (well, maybe not these days...)

I agree that someone thought it was a good deal. I understand that most people don't think of 'per acre' costs, but when you are trying to compare the value of two lots, and they are in the same area, the size of the lot (along with amenities, whether or not the tap fees are paid, etc) is part of the equation. That is, if you are buying with your head.

I worry that these small lots will lead to tower houses, which I know that people fought before in PW. I also worry that people will think "Well, you can get lots for $19K in Point Washington now" unless you understand the SIZE of the lot that sold.

You can't compare 30A to Point Washington. Of course, our School board paid $100K/acre for unimproved land with no legal access in Point Washington, so you can always find someone who thinks something is a value (well, maybe not these days...)

I agree that someone thought it was a good deal. I understand that most people don't think of 'per acre' costs, but when you are trying to compare the value of two lots, and they are in the same area, the size of the lot (along with amenities, whether or not the tap fees are paid, etc) is part of the equation. That is, if you are buying with your head.

I worry that these small lots will lead to tower houses, which I know that people fought before in PW. I also worry that people will think "Well, you can get lots for $19K in Point Washington now" unless you understand the SIZE of the lot that sold.

I agree with what you are getting at but I would also like people to be clear we do not typical buy a single residential lot and compare it to an acreage cost. EL has a very clear design code so I don't feel you will have to worry about "tower homes."
They are all very small lots with a very clear design code that hopes to have a feel of Seaside. Open Porches, small setbacks, etc. EL was going and still could be the first area North of 98 that created new urbanism such as Seaside, Rosemary, etc. The market collapsed and we all froze. BTW, I no longer own in EL.
Good point about people thinking you can get lots for $19,900 in Point Washington. It does depend on many things like size, waterfront, neighbors, etc. But.... This one sale will prove to many you can in fact get a lot for $19,900. It is now a comp. Much to consider as far as value goes but have you looked at how cheap land is starting to go for in Point Washington? Wish I was a buyer.

EL was going and still could be the first area North of 98 that created new urbanism such as Seaside, Rosemary, etc.

This is what I leaned towards saying but I wasn't familiar enough with the development to know if it was truly "new urban." It does have a proposed commercial component, central common areas, and an apparently sustainable master plan, so I tend to think "new urban" is accurate.

This is what I leaned towards saying but I wasn't familiar enough with the development to know if it was truly "new urban." It does have a proposed commercial component, central common areas, and an apparently sustainable master plan, so I tend to think "new urban" is accurate.

Yep. Just got caught in the market. The developers are great people and one of the few that are in for the long haul. The pool and common areas are being maintained and I feel confident when "a market" comes back EL will shine.