Babyblue avatar
Beach Fanatic
14,742 views
Has anyone heard that Nature Walk has gone back to the bank? There are a lot of rumors floating around about just about everything but I went by there today and the sales office was locked up. :idontno:

Replies

87
Beach Comber
#52
The Villas have sent notices to renters that they will be operating as they are presently until august, 2008.
Matt J avatar
SWGB
#53
Maybe this was mentioned before, but have the villas actually sold to Olsen outright or is there simply a contract in the works? I would think without the actual land the villas sits on the parcel up the road is just dropping in value due to the lack of dedicated beach access.
hnooe avatar
Beach Fanatic
#54
An all time favorite perhaps? Chateau de Paris? :floor:

Ah, Mon Ami....zee Rue de Paris...Yes, that is when I knew 30A "themed" developements had reached their heights.....heights of tackiness. I walk my dogs thru there, it even comes with it's own French cement basketball court in the back!
Smiling JOe avatar
SoWal Expert
#55
The Villas were actually sold to Olsen.
Matt J avatar
SWGB
#56
Ah, Mon Ami....zee Rue de Paris...Yes, that is when I knew 30A "themed" developements had reached their heights.....heights of tackiness. I walk my dogs thru there, it even comes with it's own French cement basketball court in the back!

I never saw a sign for it, but I was afraid it was actually themed in some god awful way.

How about a Venice themed development that floats around the bay? It would be hurricane proof since you could just tow it out of harms way. :biggrin:
Matt J avatar
SWGB
#57
The Villas were actually sold to Olsen.

Then I will go with the speculation that the lenders and Olsen will probably ride out the slow times until they can actually sell again, and just hit Olsen with either penalties or some sort of partnership to get there money back.
Smiling JOe avatar
SoWal Expert
#58
I never saw a sign for it, but I was afraid it was actually themed in some god awful way.

How about a Venice themed development that floats around the bay? It would be hurricane proof since you could just tow it out of harms way. :biggrin:
The Gondola Boat guy moved away last year and left Baytowne Wharf with one less Venetian looking guy.
Matt J avatar
SWGB
#59
The Gondola Boat guy moved away last year and left Baytowne Wharf with one less Venetian looking guy.

I remember that, now if the floating Venice has a flag on it of another country can't you also avoid property taxes?
Smiling JOe avatar
SoWal Expert
#61
It's about time they realized that the grandfather clause doesn't allow them to destroy the existing buildings and rebuild anything other than four single family homes on those four lots. I could have saved them $16 million dollars by pointing out that part of the Land Use Code.
TooFarTampa avatar
SoWal Insider
#62
It's about time they realized that the grandfather clause doesn't allow them to destroy the existing buildings and rebuild anything other than four single family homes on those four lots. I could have saved them $16 million dollars by pointing out that part of the Land Use Code.

SJ, could you find out what the asking price is for the property, and how they are marketing it? (ie four gulf front residental lots, hopefully?) and is it bank owned now or being sold by Olsen & Assoc?
Smiling JOe avatar
SoWal Expert
#63
TFT, I don't see it listed in the MLS under commercial, single family, nor residential land. I do see that the Hotel Viridian is listed, and they received a one year extension on the development orders from the BCC earlier this month.
TooFarTampa avatar
SoWal Insider
#64
TFT, I don't see it listed in the MLS under commercial, single family, nor residential land. I do see that the Hotel Viridian is listed, and they received a one year extension on the development orders from the BCC earlier this month.


Thanks for checking. :wave:
Smiling JOe avatar
SoWal Expert
#65
mls 488199 - Nature Walk is now entered into the MLS at $55 million, sans the Gulf Front lots (of which I think there are four, instead of three, indicated below).

"NatureWalk at Seagrove Beach is a master-planned coastal community bordered on three sides by Northwest Florida?s Point Washington State Forest. Location: County Road 395 Seagrove Beach, Florida 32459 Adjacent to The St. Joe Company?s ?Water Color? development Acreage: 155, surrounded by State Forest Offering: ? 279 Single-Family Lots; 76, 35 foot Cottage lots 44, 40 foot Manor Preserve lots 43, 45 foot Village Preserve lots 115, 45 foot Village lots ? Entitlements for 226 Multi-Family Units ? 3 Gulf Front 53? lots (161 WFF) at the intersection of Highway 30-A and County Road 395 (Listed separately) ? 4,000 square foot sales center ? 6 model homes ranging from 1,800 to 2,600 sq. ft. Bond Issue: Community Development District (CDD) A & B Series Bonds totaling +/- $19.9 M maturing in 2016 and 2038, respectively. Both series secured by a lien on the underlying properties which has been held as superior to the mortgage lenders. Notes: The entire development is fully entitled and platted. Phases I & II have the development order. The property is under development, site/infrastructure work is nearly complete on Phases I and II, a permanent Sales Center is also complete. Construction is underway on 6 model homes."


Kurt avatar
Admin
#66
Sure would make a great county rec area.
Smiling JOe avatar
SoWal Expert
#67
You are absolutely correct, and it is located in a very centralized location.
DuneLaker avatar
Beach Fanatic
#68
This might be a good time to look at a perimeter road to relieve some of the 30A traffic congestion at 395 and 30A. There is also a dirt road just south of the WaterColor sign on 395 that connects (somewhat) to a paved road that intersects with 30A. It might be a public road or at least a public easement. Not sure. Worth looking into.
TooFarTampa avatar
SoWal Insider
#69
Wow, great ideas both. Is it time for another letter writing campaign? :scratch:
Smiling JOe avatar
SoWal Expert
#70
Sounds good, but not for $55 million. Too much money in the infrastructure and acquisition by Olsen to make it affordable as park land, with additional funds needed to make it a park.
TooFarTampa avatar
SoWal Insider
#71
Sounds good, but not for $55 million. Too much money in the infrastructure and acquisition by Olsen to make it affordable as park land, with additional funds needed to make it a park.

I don't know the layout well enough to understand how acquisition of the land for a new road would help, but perhaps the property is large enough for both uses, and who said anyone had to pay $55 million?
Smiling JOe avatar
SoWal Expert
#72
I'm guessing the lender will have a say, and even at 30-40% off what the seller owes the bank, it would still be too pricey. I have no idea what dirt road DuneLaker is referring to. My guess is that it is one of the many roads in the State Forest, and the only way to help traffic flow on 30A is to make the parallel road extend the length of 30A, or stop additional density increases for all of SoWal.
TooFarTampa avatar
SoWal Insider
#73
I'm guessing the lender will have a say, and even at 30-40% off what the seller owes the bank, it would still be too pricey. I have no idea what dirt road DuneLaker is referring to. My guess is that it is one of the many roads in the State Forest, and the only way to help traffic flow on 30A is to make the parallel road extend the length of 30A, or stop additional density increases for all of SoWal.

Where is that rumored "flyover" from the airport to Seagrove supposed to go? I always wondered this.
DuneLaker avatar
Beach Fanatic
#74
The dirt road is most likely not one of the old sand roads. It runs into 395. Think it is fenced off now. But don't know if that means anything. Got to run. A field trip may be in order.
beachmouse avatar
Beach Fanatic
#75
IIRC, the construction traffic at time did use one of the dirt roads in the state forest to get access to parts of the NW property. I can remember seeing construction trucks directed that way last year when we were trying the Subaru's AWD out on the forest roads.
Smiling JOe avatar
SoWal Expert
#76
TFT, if the flyover to which you are referring is the roadway, not a flyover, it is proposed to go directly through St Joe property, and align with Side Camp Road, flowing into what I call Camp Creek Golf Course Rd, which is really called WaterSound Pkwy.

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