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Freeport Real Estate - general discussion

Smiling JOe avatar
SoWal Expert
18,623 views1
from another thread:
I think Freeport has yet to sell a house to an end user in any number of it's brand spankin new RE developments...

Windswept, Hammock Bay, Canopies, Lagrange Landing, Cross Creek Est., etc, etc...

A town of 1,500 people with plans to build 4,000 residential dwelllings in a couple years... What a pipe dream!!!


FYI - Windswept, Hammock Bay, Canopies and Cross Creek all have end users who have bought. If you want to make specific statements as you did, perhaps you would like to use better research tools before looking like someone who doesn't know of that which they speak. Furthermore, I guess your statement would have been more truthful if you were speaking about Seaside in 1982.

Bobby, I am very familiar with Freeport, but cannot place Stanley Rd. Where is that located?

Do you really take everything someone says so damn serious as to not recognize the larger point that is being made??? Sure it was a generalization that NONE of them have been bought by end users... perhaps it would be better for me to say a VERY SMALL percentage...

It is all besides the point that the RE people in Freeport have spouted out about all this growth within the next 2 years (4,000+ dwellings) for a town that currently supports a population of 1,200 people, according to the article...

All to get some uninformed people to buy some over inflated lots and houses so the developers and city can make some bucko bucks in the biggest RE bubble in history...

Notice you bring up Seaside in 1982... That is 24 years of growth...
The stats I am saying is the fact that they have planned 4,000+ properties in the span of 2 YEARS... slightly different timeframe...

I am not questioning the fact that Freeport will grow overtime... but to expect a town to grow 10-15 fold in a few years... thats a bit over the top.
I agree with your statement about end users not being ready to fill the 4000+ properties in Freeport in the short term, but I don't want to sit quietly by, as you make comments, which aren't truthful, about specific developments. People who are unfamiliar with the area, may take my silence to mean that your statements are true. I only get picky if I need to be. If you want to speak in general terms, go right ahead, but don't confuse people with your specific statements worked into your general thoughts.

BTW, the Seaside comment does apply. In 1982, the only history Seaside had was zero. It was a new development. The new developments located in Freeport also have zero history. It will take some time to fill these units, but 10 years from now, Freeport will resemble more of a town. If you are looking for an instant town, look elsewhere. The slower real estate market will quickly slow Freeport's growth too. However, Insurance, or the lack of, may push people up to Freeport, sooner rather than later.

Replies

73
ellen avatar
Beach Lover
#52
Is there a website for information on Freeport Plantation? Thanks.
Beach Fanatic
#53
sterlingrealtysales is there general web site but you will probably have to contact them for info.
Smiling JOe avatar
SoWal ExpertAuthor
#54
They have very old info on their old website.
ellen avatar
Beach Lover
#55
Just spoke to someone there: lots starting at $65,000. 5 year build-out. Houses $150,000 - $225,000 for 1800 sf-2000 sf.
Smiling JOe avatar
SoWal ExpertAuthor
#56
That would be interesting.

Since an 1800sf home priced at $150K would be less than $48/sf, we can guess that the price of $150K would be the additional cost to build, but even so, that price would be $83 / sf, and that sounds almost impossible around here if the builder is going to actually make any profit. I'll believe those prices are real when I see them.

Edited

ellen avatar
Beach Lover
#57
I have a friend with lots across the street that will be very unhappy if this is true. I will post again when I get info sent to me.
beachmouse avatar
Beach Fanatic
#59
That's about going construction rate now for parts of north Crestview/Laurel Hill/Mossy Head, where a couple of the McBuilders are marketing 'starting under $150,000' again.
Smiling JOe avatar
SoWal ExpertAuthor
#60
www.freeportsplantation.com

No pricing there, just a site plan, amenities, etc that are PDFs to download.

More info to come...
I couldn't get any of the downloads to work.

You would think that they would have spent the $10 and reserved the development's name as a domain, prior to building infrastructure. :idontno:
dunelover avatar
Beach Fanatic
#61
thought I would post this flyer I rec'd today from d.r Horton. I am not interested in their homes, but thought there might be someone who is. So, if buying make sure you get your free w/d and frig. :D
Beach Fanatic
#62
interesting article in NWF Daily News recently about a development off 3280...the gist of the article was a traffic count requiring 3280 be 4 laned for 7 miles at a cost of $144 million...developer impact fees could be up to $16 million...
Smiling JOe avatar
SoWal ExpertAuthor
#63
interesting article in NWF Daily News recently about a development off 3280...the gist of the article was a traffic count requiring 3280 be 4 laned for 7 miles at a cost of $144 million...developer impact fees could be up to $16 million...
If the owner of that property is who I think it is, he can afford it, and could likely get some financial relief on the impact fees for all he has done for the county. I beilieve he already wrote a huge check to get sewer and water installed on 3280.
Beach Fanatic
#64
Meredith Properties is the owner...they bought the 300 acres from Lloyd Blue...
Beach Crab
#65
It's a hike to the beach from there, but the Mossy Head area might work. It's a little bit rednecky, but lots of 5-10 acre parcels of residential land, some commercial/industrial zoned areas since they're close to an I-10 interchange.

Also probably a little bit easier to find good employees at lower wages than you would closer to the beach. Lots of people that live north of I-10 and work down by the beach would love to find a nice job closer to home so they didn't have to commute 2+ hours every day.

I live near Mossy Head and I find your comments to be very offensive. I'm glad you aren't my neighbor.
beachmouse avatar
Beach Fanatic
#66
If you've got such thin skin, I'm glad you aren't my neighbor either.
Beach Crab
#67
If you've got such thin skin, I'm glad you aren't my neighbor either.
It's not that I have thin skin, I just get tired of people with "better than you" attitudes.

Edited

Beach Crab
#68
I guess what really bothers me is when people look down on others. It's not right...
Beach Crab
#69
I'll tell you what Beach Mouse. You stay on the beach and I'll stay in Mossy Head. That way we'll both be happy. sheesh!
Beach Fanatic
#70
on a very cool note Mossy Head may become a center for the production of alternative fuels if a certain company can be enticed to move there. They also have a really funky music scene. Nothing to be ashamed of being called part of the Riviera.
beachmouse avatar
Beach Fanatic
#71
I was glad to see that was a possibility. There are so many people right now living in north Walton and Okaloosa counties who would love to work closer to where they live, and Mossy Head seems to be such a logical location for some sort of industrial/commercial distribution center development because of the interstate interchange.
Beach Lover
#72
An old thread (obviously), but one with interesting comments and conjecture, based upon the 2007 housing climate. Anyone willing to offer new thoughts about the Freeport area? Any positive movement in Hammock Bay, Windswept, Bay Harbour? I passed by the old Owl's Head development about six months ago--and I think I saw one house sitting out in the fields......

Thanks--just curious...... If I recall the Bay Harbour lots had some pretty select lots on the bay.......
beachmouse avatar
Beach Fanatic
#73
Hammock Bay is advertising homes under $150K now, which is far better in line with local incomes than their original prices were.
Beach Fanatic
#74
Hammock Bay is advertising homes under $150K now, which is far better in line with local incomes than their original prices were.
Not many in there under $500,000 these days.

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