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Here's my analysis of building the above WaterColor house in today's market: First, I don't think you can buy a nicely located lot in Phase 3 for $250K. While I see that there are a couple listed below 300, I'm thinking that $300K is a more realistic number to use for a builder who is...

So, as you can see, the market doesn't work like a lot of people seem to want it to. This person is probably quite happy with their new home. Whereas Shelly views them as being idiots. Either way, they represent the market. The market is comprised of buyers who are looking for that perfect...

Agree that we will remain at bottom until that point. I don't think anyone can go wrong buying a house below cost (as long as there's nothing wrong with it from an construction or aesthetic standpoint). Buying homes below cost, to me, definitely represents the bottom of the market because...

I agree that sellers selling under the current conditions (as well as buyers buying) are the market. But it seems that a lot of people want to take these bottom of the barrel sales and say that they represent the current market while ignoring that there are other sales at more reasonable...

Fine SJ. You've made your point. Jeez. I don't belong to the ecar mls and I don't really care whether the agent's comments in the listing were appropriate or not. The point of my post was that distress sales are not used as comparable sales in an appraisal. (fwiw... agents should not use...

I agree SJ. The price/sq. ft. is an entire other issue that has nothing to do with whether the seller was distressed or not. When I stated that it was obvious that it was a distress sale, I referred to what I consider to be obvious... it was a builder selling below cost. An appraiser...

The "Market Value" of a piece of property is met when a buyer is willing to pay a price for a property which equals what a seller is willing to sell it for... WITH NO UNDUE DURESS. A lot of sales today are DISTRESS SALES (where the seller is under duress). Appraisal guidelines, when using...

Just received this email from WaterColor: ========= $83 MILLION IN SALES AND COUNTING! Over $83 Million in combined sales have occurred in the communities of WaterColor and WaterSound this year. That's a 134% increase compared to 2006! Today's buyers realize that the availability of...

Just received this email from WaterColor: July Sales Are Up 30% In July 2007, the number of properties contracted to be purchased in the communities of WaterColor and WaterSound increased by 30% when compared to July 2006! This statistical information only confirms what everyone already...

I don't have Sales Data but... The Average Listing price/sq. ft. in Phase 3 is $649/sq. ft. The Median Listing price/sq. ft. in Phase 3 is $611/sq. ft. As compared to Phase 1 & Phase 2: The Average Listing price/sq. ft. in Phase 2 is $/615sq. ft. The Median Listing price/sq. ft. in...

There were 3 homes purchased (or attempted purchase) back in March or April by the Private Escapes company mentioned above. These are probably the same 3 you're talking about Franny. For whatever reason, JOE has issues with their business model. I'm assuming that JOE knows more about them...

My wife and I are about 60 days from completing construction of our WaterColor home. We had just begun testing the waters for potential partners (after spending many months researching and putting together our partnership plans) when Sam & Casey contacted us to express their interest. We met...

Thanks Miss Kitty. Looks like we're going to be neighbors! I hope to meet you and Mr. Kitty soon!

You're right that they do work in many cases... and I'd venture to say they work in the vast majority of cases. Of great importance is structuring the partnership properly from the start. There's no reason that the other owners must want to sell just because one wants to. We are seeking...

Sorry Palm Beach. I didn't mean to disparage Seaside in that way. I am absolutely smitten with Seaside. And I obviously don't know what I'm talking about with regard to High Ceilings in Seaside either. I do know that they had high design codes, just like WaterColor (and other high end...

Hi Gardening - I'm hoping that the company that provides the free photo mapping, Panoramio.com, will catch up and get more servers and bandwidth to handle what appears to be overwhelming growth. And, I was hoping that others might post their own WaterColor, or SoWal tours! I just thought...

Thanks for the comments about the Virtual Walking Tour. The website that is providing/hosting the Tour is Panoramio.com... and they're probably experiencing overloaded servers because I think they're experiencing explosive growth. I've also experience timew where the photos were slow to...

Also not sure what you're getting at here. Are you doing quick division in your head and thinking that my price is approx. $1000 per sq. ft? (Approx. $400,000 divided by 4000 sq. ft.?) Actually, the house has 3,300+/- total heated/cooled sq. ft. Let me first say that I'm not selling...

Not sure what you mean here Full Time? I'm guessing that the two houses were NOT in a general state of disrepair, nor did they have poor functionality... but were in fact in spectacular condition. Otherwise they would not have commanded such a nice price.

No comments on my Virtual Walking Tour of WaterColor? :confused: I was so excited once I finished it. I thought it was so cool and couldn't wait to post it for everyone to see... and was hoping to hear some "oohs" and "ahhs"! Did anyone look at it? Maybe it wasn't easy to zoom in and...

And people question the value of WaterColor at $600/sq. ft! Seaside is no doubt a great place. It's where it all started! It's fabulous! But you can own in WaterColor (with it's superior amenities) and you also get nearly all the benefits of Seaside as well! I can walk from my house in...

Sounds like your question is a bit "tongue-in-cheek"... and even though you didn't ask me... I'll bite anyway. Your question is too broad. It's like asking, "How much would you pay for a Mercedes?" (I think that's the concensus of the people posting in this thread anyway) You must...

********** Check out my Virtual Walking Tour of WaterColor ********** For the most part, the compass icon represents where I was standing when I took the photo. Click on each compass icon to see the photo. Zoom in on the satellite map for more detail. Click on any photo for...

Absolutely agree again. When we were having builders bid to build our house, several of them were suggesting NOT using impact glass and doors because it was so expensive. And when you have LOTS of big windows and doors (12' ceilings require big windows)... it becomes incredibly expensive...

Absolutely agree. Phase 4 is not in the same ballgame. I guess that's why I took exception to the comment which seemed to lump Phase 3 in with Phase 4. Absolutely no comparison between the two. Phase 3 is, in my opinion, closer to the heart of WaterColor than even Phase 2. According...

Smiling Joe, I should have stated that I agree with 100% of everything you said except... Phase 3 is actually pricier than Phase 2.... so I don't think that you're seeing "cheaper more recent sales" in phase 3. But on everything else you said: I wholeheartedly agree.

I agree with most of what you're saying Smiling Joe. But I'm building in Phase 3 of Watercolor and your statement about Phase 3 not having easy access to the beach seems to be a misconception that a lot of people have. Our house in Phase 3 is closer to the WaterColor Town Center and Beach...

The following is direct from my April 10th WaterColor Towntalk Newsletter: Kid?s Camp Program Due to the growing demands on the community, many of our amenities have had to limit services to only Homeowners and St. Joe Rental guests. One of those amenities is our Kid?s Camp program...

Hi Casey - While this is not a zero-entry pool, it does have a nice graduated entry with wide steps. It is the WaterColor pool in Phase 3 (which I'm delighted to say is only about 150 yards from the house we're building). As I mentioned in my pm to you, our daughter has cerebral...

Thanks so much for the accolades! Our 4 BR, 3.5 Bath Poolfront at Seacrest has been reduced to only $1277/week starting August 12. After being booked solid all summer... we only have Peak Summer availability remaining for 2 weeks beginning Saturday July 15th and Saturday July 29th...

Seacrest Poolfront 4 BR, 3.5 BA condo. Only $1700/week for August 19 check-in. Not beachfront... but nearby. www.VRBO.com/54916 or www.RentAMillionDollarCondo.com Thanks.

Hello Everyone. Thanks for the warm reception to a new member. Our condo is on the 3rd floor overlooking the 12,000 sq. ft. pool at Seacrest Beach. I just put together this site over the holidays: www.RentAMillionDollarCondo.com We are also listed at www.VRBO.com/54916 Thanks for...

Hi Beach Runner - We used VRBO last year and booked up the summer pretty quickly so we're pretty happy with that. The management company managed to rent it 10 days total... and we rented it for about 12 weeks. We paid them 20% for the weeks that we rented it... and I'm okay with that...

I read the thread about Management Companies from last August. People had lots to say about Beach Rentals of SW... and a few other companies. But is there anyone who has experience with Paradise Found Vacation Rentals? We've already been unhappy with the first company we used and are...