Northwest Florida Realtor: May 2008

Detached Single Family		.
MLS#:	482330m OfficeFile#:	ListPrice:	$125,000
Status:	Pending Last Change:	ApproxSF:	1,265 BG:
Address:	15 COURTNEY LN	$/Sqft:	$98.81
	CRESTVIEW, FL	Bedrooms:	3
Zip:	32539	Baths Full/Half:	2/0
County:	OKALOOSA	Stories:	1
MainArea:	25 Crestview Area	YearBuilt:	1995
SubArea:	01 CRESTVIEW SOUTHEAST	OccStat:	Vacant
Subdiv:	HOLLYROD PARK PH 2	ImmOcc?	Y
ParcelID:	28-3N-23-2780-0000-0150	ConstrStat:	ConstrCmplt
ElemSch: SOUTHSIDE Middle: RICHBOURG High: CRESTVIEW
Dir:	85 N. Right on Redstone (right after Hospital). Right at first stop sign onto Brookmeade. Left onto Covell. Left into Hollyrod subdivision. First left follow down to end of cul-de-sac. House is on left.
Legal:	HOLLYROD II S/D LOT 15

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Seller very motivated, bring all offers!!! Seller willing to pay closing costs upon acceptable offer!!!!Great neighborhood behind Crestview hospital! House is located in a cul-de-sac; this is a one-way-in, one-way-out subdivision. Close to shopping such as Walgreens and Publix and just minutes from bases. The new elementary/middle school is being built close by. The home features a split bedroom floor-plan with vaulted ceiling in living area. The home offers an open floor plan and a fireplace in the living room. The kitchen is roomy with lots of cabinet space and a long breakfast bar. Master bedroom is a nice size and offers a walk-in closet. Seller enclosed the patio that has windows which adds lots of square footage. Large back yard includes shed. HOME WARRANTY IS BEING OFFERED TO BUYER...A $380.00 VALUE!

 

Room Type	Lvl	Dimnsns
LivingRoom	1	17x15		Design:	Contemporary
DiningRoom	1	11x11
Kitchen	1	11x8		Const/Siding:	Foundation Slab On Grade, Frame, Roof Composite Shingle, Siding Brick Some, Siding Vinyl, Trim Vinyl
Bedrm:Master	1	18x13
Bedrm:Additnl	1	13x12		ExtFeatures:	Fenced Back Yard, Fenced Privacy, Patio Covered
Bedrm:Additnl	1	12x10
Garage	1	24x20		IntFeatures:	Breakfast Bar, Ceiling:Cathedral, Fireplace, Floor:Vinyl, Floor:W/W Carpet New, Pull Down Stairs, Skylight(s), Split Bedroom, Washer/Dryer Hookup
				Appliances:	Auto Garage Door Opener, Dishwasher, Disposal, Oven:Self Cleaning, Range Hood, Smoke Detector, Stove/Oven Electric
				Utilities:	Electric, Gas:Natural, Phone, Public Water, TV Cable
				Energy:	A/C: Central Electric, Ceiling Fans, Double Paned Windows, Heat: Central Gas, Insulated Doors, Ridge Vent, Water Heater: Gas
Mbed/Mbath: Mbath Skylight, Mbed Carpeted, Mbed Sitting Area, Mbed Walk-In Closet

Florida Real Estate with Brandon Jordan, your Northwest Florida Realtor and ActiveRain featured Realtor for Okaloosa County since 2007. We provide this information and much more on our site for you at no charge, so please remember us when you're looking to buy or sell real estate.

Commercial Sales - Business				.
ML:	443876m	ListPrice:	$78,000
Status:	Active Last Change: 12/27/2007	Property Type:
PropName:	"BAMA BAR"	Price/Sq Ft:	$108.51
Location:	135 STATE HIGHWAY 85 N	Price/Unit:
	PAXTON, FL	Building Sq Ft:	1152
ZipCode:	32538	Frontage:
County:	WALTON	WF Feet:
MainArea:	23 North Walton County	Acreage:	0.51
SubArea:	01 PAXTON	YearBuilt:	1993
ParcelID:	27-6N-21-40000-001-0000	Const Status:	Existing
Directions:	PROPERTY IS ON THE ALABAMA - FLORIDA STATE LINE. TRAVEL NORTH ON FLORIDA STATE HIGHWAY 85 TO STATE LINE AND PROPERTY IS ON YOUR RIGHT. TRAVEL SOUTH ON THIRD ST. FROM FLORALA, ALABAMA AND PROPERTY IS ON CORNER OF (WALTON AVE)LAKE RD AND THIRD ST.(HWY 85)

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This building is the first commercial structure when you travel south from Alabama to Florida on Highway 85. It is an excellent location for an office, welcome center, bait and tackle, marine sales, and former use as a bar. The building has men/women restrooms, cash register, three ceiling fans, two beverage coolers, refrigerator, stove, six ¿beverage¿ fluorescent signs, five tables, seven bar stools, and 21 sitting chairs. The building fronts Florida State Highway 85 making it highly visible! Buyer to verify all contents and that items work properly. Walton County Sanitation requires that a new septic tank be installed. Sales associate related to seller.

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Active Development Order : N
Development Order Details :

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Lot Dimensions:				Vacant?	Y	#Units/Pads:		# of Rooms:
Lot Sq Ft:				ImmediateOcc?	Y	Vacancy Rate:		Avg % Occupancy:
Lot Depth:				Office Sq Ft:		# of Floors:
Zoning:				FutLandUse:		Sprinklers?		Rail?
WF Description:						Doors-GrndLvl:		DockHigh

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LoopNet:	802-Office Office Building	913-Retail-Commercial Free -Standing Building	908-Retail-Commercial Restaurant
	916-Retail-Commercial Other	808-Office Office-Warehouse	914-Retail Commercial Street Retail
Site Information:
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Scheduled Income:		CAP Rate:		LO:	SaleType:
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Commercial Sales - Land				.
ML:	449990pd	ListPrice:	$145,000
Status:	Active Last Change: 03/18/2008	Property Type:	Timberland
PropName:		Price/Sq Ft:
Location:	000 HWY 147 WEST	Price/Unit:
	LAUREL HILL, FL	Building Sq Ft:
ZipCode:	32567	Frontage:
County:	WALTON	WF Feet:
MainArea:	23 North Walton County	Acreage:	60.00
SubArea:	01 PAXTON	YearBuilt:
ParcelID:	17-5N-21-39000-005-0000	Const Status:
Directions:	North on 331 past De Funiak Springs. Head west on County Road 2 (not CR2A) to Hwy 147 or Children's Home Road. Turn north. Property is south of Gordon Pond.

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Price reduced according to new appraisal. This is land for which the future land use has not been determined. There are some wetlands on this parcel. Buyer to verify all information. Also listed under farms and acreage MLS# 449547. This is an estate sale and requires court approval.

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Active Development Order : N
Development Order Details :

Lot Dimensions:				Vacant?		#Units/Pads:		# of Rooms:
Lot Sq Ft:				ImmediateOcc?		Vacancy Rate:		Avg % Occupancy:
Lot Depth:				Office Sq Ft:		# of Floors:
Zoning:				FutLandUse:		Sprinklers?		Rail?
WF Description:						Doors-GrndLvl:		DockHigh

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LoopNet:
Site Information:
Lease Information:
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Scheduled Income:		CAP Rate:		LO:	SaleType:
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Commercial Sales - Land				.
ML:	488346m	ListPrice:	$175,000
Status:	Active Last Change: 03/19/2008	Property Type:	Commercial
PropName:	VACANT PAXTON HWY 331 FRONTAGE	Price/Sq Ft:
Location:	TBD US HWY 331 N	Price/Unit:
	LAUREL HILL, FL	Building Sq Ft:
ZipCode:	32567	Frontage:	760
County:	WALTON	WF Feet:
MainArea:	23 North Walton County	Acreage:	3.00
SubArea:	01 PAXTON	YearBuilt:
ParcelID:	26-6N-21-40000-017-0030	Const Status:
Directions:	North of Paxton on US Hwy 331 N on East side of Hwy.

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Vacant land with high interstate traffic counts zoned commercial. An additional 12 acres with a house can be seen on listing #488346

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Active Development Order : N
Development Order Details :

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Lot Dimensions:	760X167X745X175			Vacant?	Y	#Units/Pads:		# of Rooms:
Lot Sq Ft:				ImmediateOcc?	Y	Vacancy Rate:		Avg % Occupancy:
Lot Depth:	170			Office Sq Ft:		# of Floors:
Zoning:				FutLandUse:		Sprinklers?		Rail?
WF Description:	CREEK					Doors-GrndLvl:		DockHigh

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LoopNet:	505-Land Office (Land)		508-Land Retail (Land)
		512-Land Commercial/Other (Land)
Site Information:
Lease Information:
Tenant Information:

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Scheduled Income:		CAP Rate:		LO:	SaleType:
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Commercial Sales - Land				.
ML:	450798p	ListPrice:	$189,000
Status:	Active Last Change: 03/13/2008	Property Type:	Commercial
PropName:	12 ACRES WITH APPROX 570 FEET ON HWY331	Price/Sq Ft:
Location:	23109 HWY 331 N	Price/Unit:
	LAUREL HILL, FL	Building Sq Ft:
ZipCode:	32567	Frontage:	570
County:	WALTON	WF Feet:
MainArea:	23 North Walton County	Acreage:	12.00
SubArea:	01 PAXTON	YearBuilt:
ParcelID:	26-6N-21-40000-017-0030	Const Status:	Existing
Directions:	NORTH OF PAXTON ON WEST SIDE OF 331 N

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570 feet on HWY 331 just South of the Alabama border zoned Commercial within the City of Paxton. This property includes a large comfortable 5 bedroom home with in ground pool and 12+ acres. Additional 670 feet by 170 feet is available to the South of this property and can be viewed at listing 488346. Also see residential listing 446134.

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Active Development Order : N
Development Order Details :

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Lot Dimensions:	IRREGULAR			Vacant?	N	#Units/Pads:		# of Rooms:
Lot Sq Ft:				ImmediateOcc?	Y	Vacancy Rate:		Avg % Occupancy:
Lot Depth:				Office Sq Ft:		# of Floors:
Zoning:				FutLandUse:		Sprinklers?		Rail?
WF Description:						Doors-GrndLvl:		DockHigh

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LoopNet:	505-Land Office (Land)	508-Land Retail (Land)	501-Land Agricultural-Undeveloped (Land)
	512-Land Commercial/Other (Land)	505-Land Office (Land)
Site Information:
Lease Information:
Tenant Information:

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Scheduled Income:		CAP Rate:		LO:	SaleType:
Gross Income:		GRM:
Expenses:		CAM:	per
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Commercial Sales - Land				.
ML:	398578m	ListPrice:	$650,000
Status:	Active Last Change: 10/31/2007	Property Type:
PropName:		Price/Sq Ft:
Location:	0 HWY 85 N	Price/Unit:
	PAXTON, FL	Building Sq Ft:
ZipCode:	32538	Frontage:	981
County:	WALTON	WF Feet:
MainArea:	23 North Walton County	Acreage:
SubArea:	01 PAXTON	YearBuilt:
ParcelID:	27-6N-21-40060-001-0010	Const Status:
Directions:	From Crestview go N on 85. Property on left (wast side) just before the Alabama border near Lake Jackson.

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+/- 8 acres on Hwy 85 with 981 feet on Hwy 85. Excellent site for convenience store, motel, or mini-storage. Property is filled and level. Seller will consider selling portion of property. Water and electric available. Septic required. Additional adjoining land available. Just south of the Alabama border and only 60 miles to Destin! Survey available. Buyer to make thier own useage determination

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Active Development Order : N
Development Order Details :

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Lot Dimensions:				Vacant?		#Units/Pads:		# of Rooms:
Lot Sq Ft:				ImmediateOcc?		Vacancy Rate:		Avg % Occupancy:
Lot Depth:				Office Sq Ft:		# of Floors:
Zoning:				FutLandUse:		Sprinklers?		Rail?
WF Description:						Doors-GrndLvl:		DockHigh

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LoopNet:	512-Land Commercial/Other (Land)
Site Information:
Lease Information:
Tenant Information:

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Scheduled Income:		CAP Rate:		LO:	SaleType:
Gross Income:		GRM:
Expenses:		CAM:	per
Net Op Income:		Exp/Unit:		Exp/SqFt:
Cash Flow:		Expense Types:

Commercial Sales - Land				.
ML:	449989pd	ListPrice:	$260,000
Status:	Active Last Change: 03/12/2008	Property Type:	Timberland
PropName:		Price/Sq Ft:
Location:	000 HWY 181 WEST	Price/Unit:
	DEFUNIAK SPRINGS, FL	Building Sq Ft:
ZipCode:	32433	Frontage:
County:	WALTON	WF Feet:
MainArea:	23 North Walton County	Acreage:	70.50
SubArea:	02 GASKIN DARLINGTON	YearBuilt:
ParcelID:	25-6N-20-31000-005-0000	Const Status:
Directions:	Hwy 83 North from De Funiak Springs to Hwy. 181. Turn West. Property ends at the intersection of Hwy. 181 and Natural Bridge Road.

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Price has been changed to reflect the new appraisal completed in March 2008. Future land use has not been determined. Buyer responsible for verifying all information. Property is currently timberlands. This is an estate sale and requires court approval.

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Active Development Order : N
Development Order Details :

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Lot Dimensions:				Vacant?		#Units/Pads:		# of Rooms:
Lot Sq Ft:				ImmediateOcc?		Vacancy Rate:		Avg % Occupancy:
Lot Depth:				Office Sq Ft:		# of Floors:
Zoning:				FutLandUse:		Sprinklers?		Rail?
WF Description:						Doors-GrndLvl:		DockHigh

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LoopNet:
Site Information:
Lease Information:
Tenant Information:

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Scheduled Income:		CAP Rate:		LO:	SaleType:
Gross Income:		GRM:
Expenses:		CAM:	per
Net Op Income:		Exp/Unit:		Exp/SqFt:
Cash Flow:		Expense Types:

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Commercial Sales - Land				.
ML:	405726md	ListPrice:	$450,000
Status:	Active Last Change: 03/23/2008	Property Type:	Commercial
PropName:		Price/Sq Ft:
Location:	N/A INDIAN CREEK RANCH RD W	Price/Unit:
	DEFUNIAK SPRINGS, FL	Building Sq Ft:
ZipCode:	32435	Frontage:	800
County:	WALTON	WF Feet:
MainArea:	23 North Walton County	Acreage:	11.00
SubArea:	03 NEW HARMONY	YearBuilt:
ParcelID:		Const Status:
Directions:	from I-10 go south on Hwy 331 aproximately 3 miles. Look for By-Gone Antiques, at the corner of Indian Creek Ranch Road and Hwy 331, turn left (east) property will be on your right.

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the western half of this parcel is zoned commercial. The eastern half of the parcel is estate residential. Minutes from I-10. Only 1.5 miles from city limits of DeFuniak. Close to hospital. Only a few hundred feet off Hwy 331.

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Active Development Order : N
Development Order Details :

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Lot Dimensions:	800X600			Vacant?	Y	#Units/Pads:		# of Rooms:
Lot Sq Ft:				ImmediateOcc?		Vacancy Rate:		Avg % Occupancy:
Lot Depth:				Office Sq Ft:		# of Floors:
Zoning:	COMMERCIAL AND ESTATE RESIDENTIAL			FutLandUse:		Sprinklers?		Rail?
WF Description:						Doors-GrndLvl:		DockHigh

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LoopNet:	916-Retail-Commercial Other		505-Land Office (Land)
		916-Retail-Commercial Other
Site Information:
Lease Information:
Tenant Information:

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Scheduled Income:		CAP Rate:		LO:	SaleType:
Gross Income:		GRM:
Expenses:		CAM:	per
Net Op Income:		Exp/Unit:		Exp/SqFt:
Cash Flow:		Expense Types:

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Commercial Sales - Land				.
ML:	479902p	ListPrice:	$225,000
Status:	Active Last Change: 05/16/2008	Property Type:	Commercial
PropName:		Price/Sq Ft:
Location:	0 HIGHWAY 90	Price/Unit:
	MOSSY HEAD, FL	Building Sq Ft:
ZipCode:	32434	Frontage:	219
County:	WALTON	WF Feet:
MainArea:	23 North Walton County	Acreage:	2.84
SubArea:	05 MOSSY HEAD	YearBuilt:
ParcelID:	20-3N-21-37000-002-0018	Const Status:
Directions:	Take The Mossy Head Exit off I-10 and head north to hwy 90 and make a left. Go out until you see the Rivard sign; will be next to the mobile home dealership.

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Good central location for commercial. 5 minutes to interstate. Mossy Head planning to grow. Bonezzi Development Company and Blackstone Dev. Co. are planning a new development in Mossy Head, just west of DeFuniak Springs. I understand it was approved by the Walton County Planning Comm on 11/08/07. The project is in its conceptual phase, but plans to include 2050 single family homes, 750 townhouses, 100 condos and 400 apartments, in addition to an 18 hole golf course, club house, 145,000 sf of commercial retail and service, 37,500sf of office and 12 acre RV park. New county school being built nearby. This lot is one lot from the intersection of Laird road and Highway 90. Highway 90 frontage is 219 feet and total acreage is 2.84.

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Active Development Order : N
Development Order Details :

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Lot Dimensions:	219 X 573 X 200 X 664			Vacant?	Y	#Units/Pads:		# of Rooms:
Lot Sq Ft:				ImmediateOcc?		Vacancy Rate:		Avg % Occupancy:
Lot Depth:				Office Sq Ft:		# of Floors:
Zoning:	COMMERCIAL			FutLandUse:		Sprinklers?		Rail?
WF Description:						Doors-GrndLvl:		DockHigh

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LoopNet:	11002-Shopping Center Convenience/Strip Center	802-Office Office Building	301-Health Care Acute Care Hospital
	903-Retail-Commercial Day Care Facility/Nursery	916-Retail-Commercial Other
Site Information:
Lease Information:

Commercial Sales - Business				.
ML:	469205m	ListPrice:	$265,000
Status:	Active Last Change: 05/19/2008	Property Type:
PropName:	THIS 'N THAT	Price/Sq Ft:
Location:	11078 US HWY 90 W	Price/Unit:
	DEFUNIAK SPRINGS, FL	Building Sq Ft:	4562
ZipCode:	32433	Frontage:	250
County:	WALTON	WF Feet:
MainArea:	23 North Walton County	Acreage:	0.74
SubArea:	05 MOSSY HEAD	YearBuilt:	1977
ParcelID:	24-3N-21-37040-00C-0170	Const Status:	Existing
Directions:	From the junction of Hwy 331 S and Hwy 90 W, follow Hwy 90 W for approximately 11 miles. Property is on the right (north).

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Property includes a new/renovated 1260+- sq ft 1 BR/2BA attached apartment, a 1600+- sq ft retail area with showroom, office and bath, an attached 600+- sq ft side storage area with front and rear outside access, and an attached 720+- sq ft rear storage area with bath and shower and outside access. Outside is an 8x10 metal building and a new, fully insulated 20x30 storage/workshop metal building with front and rear overhead doors on a concrete pad. The back of the property is completely fenced, while the front of the property provides ample parking just off of Hwy 90. This is a tremendous business opportunity in the fast growing Mossy Head area. Seller will consider owner financing as well as lease/purchase options. Buyer should verify all dimensions and measurements.

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Active Development Order : N
Development Order Details :

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Lot Dimensions:				Vacant?	N	#Units/Pads:		# of Rooms:
Lot Sq Ft:				ImmediateOcc?	N	Vacancy Rate:		Avg % Occupancy:
Lot Depth:				Office Sq Ft:		# of Floors:
Zoning:	RURAL RESIDENTIAL			FutLandUse:	SEE AGENT NOTES	Sprinklers?		Rail?
WF Description:						Doors-GrndLvl:		DockHigh

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LoopNet:
Site Information:
Lease Information:
Tenant Information:

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Scheduled Income:		CAP Rate:		LO:	SaleType:
Gross Income:		GRM:
Expenses:		CAM:	per
Net Op Income:		Exp/Unit:		Exp/SqFt:
Cash Flow:		Expense Types:

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Commercial Sales - Land				.
ML:	430997p	ListPrice:	$294,000
Status:	Active Last Change: 05/19/2008	Property Type:	Commercial
PropName:		Price/Sq Ft:
Location:	00 HWY 90 W	Price/Unit:
	MOSSY HEAD, FL	Building Sq Ft:
ZipCode:	32434	Frontage:	199
County:	WALTON	WF Feet:
MainArea:	23 North Walton County	Acreage:	2.62
SubArea:	05 MOSSY HEAD	YearBuilt:
ParcelID:	20-3N-21-37000-002-0019	Const Status:
Directions:	Take the Mossy Head (HWY285)Exit off I-10 and head north to Hwy 90, make left and proceed west and look for sign just east of Emma Lane (two large trees mark the spot)

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Awesome potential just off I-10 exit!!! This commercial lot is approx. 2.62 acres w/200' of frontage on HWY 90. Crestview and Defuniak commercial prices are soaring and this area is ripe. This parcel has also been cleared! Check out prices for neighboring commercial lots much further from the exit to see the value here. This property is priced to sell so make the offer!

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Active Development Order : N
Development Order Details :

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Lot Dimensions:	199.69X670.12X181.73X587.62			Vacant?	Y	#Units/Pads:		# of Rooms:
Lot Sq Ft:				ImmediateOcc?		Vacancy Rate:		Avg % Occupancy:
Lot Depth:	670			Office Sq Ft:		# of Floors:
Zoning:	COMMERCIAL NODE			FutLandUse:		Sprinklers?		Rail?
WF Description:						Doors-GrndLvl:		DockHigh

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LoopNet:	11002-Shopping Center Convenience/Strip Center	802-Office Office Building	301-Health Care Acute Care Hospital
	903-Retail-Commercial Day Care Facility/Nursery	504-Land Multi-Family (Land)	916-Retail-Commercial Other
Site Information:
Lease Information:
Tenant Information:

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Scheduled Income:		CAP Rate:		LO:	SaleType:
Gross Income:		GRM:
Expenses:		CAM:	per
Net Op Income:		Exp/Unit:		Exp/SqFt:
Cash Flow:		Expense Types:

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Commercial Sales - Land				.
ML:	484827m	ListPrice:	$299,000
Status:	Active Last Change: 01/31/2008	Property Type:	Commercial
PropName:		Price/Sq Ft:
Location:	0 HWY 90 W	Price/Unit:
	MOSSY HEAD, FL	Building Sq Ft:
ZipCode:	32433	Frontage:	230
County:	WALTON	WF Feet:
MainArea:	23 North Walton County	Acreage:	2.60
SubArea:	05 MOSSY HEAD	YearBuilt:
ParcelID:	20-3N-21-37000-002-0017	Const Status:
Directions:	HWY 90 WEST OF OF DEFUNIAK SPRINGS, CONTINUE WEST PAST THE I-10 EXIT AT HWY 285, PROPERTY IS ON THE NORTH SIDE OF THE HIGHWAY 90.

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2.6 ACRES LOCATED IN A COMMERCIAL NODE FOR GENERAL COMMERCIAL USE IN THE MOSSY HEAD COMMUNITY. PROPERTY IS LOCATED JUST WEST OF THE I-10 EXIT AND THE MOSSY HEAD INDUSTRIAL PARK ,THE LUCKY 13 TRUCK STOP AND THE NEW MOSSY HEAD ELEMENTARY SCHOOL. MOSSY HEAD WATER IS AVAILABLE TO SITE. CURRENT LAND USE DETERMINATION FROM COUNTY IS IN FILE.

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Active Development Order : N
Development Order Details :

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Lot Dimensions:	230.6X492.67X209.65X587.78			Vacant?	Y	#Units/Pads:		# of Rooms:
Lot Sq Ft:				ImmediateOcc?	Y	Vacancy Rate:		Avg % Occupancy:
Lot Depth:	587			Office Sq Ft:		# of Floors:
Zoning:	COMMERCIAL			FutLandUse:	COMMERCIAL	Sprinklers?		Rail?
WF Description:						Doors-GrndLvl:		DockHigh

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LoopNet:	512-Land Commercial/Other (Land)	508-Land Retail (Land)	505-Land Office (Land)
Site Information:
Lease Information:
Tenant Information:

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Scheduled Income:		CAP Rate:		LO:	SaleType:
Gross Income:		GRM:
Expenses:		CAM:	per
Net Op Income:		Exp/Unit:		Exp/SqFt:
Cash Flow:		Expense Types:

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Commercial Sales - Land				.
ML:	451240m	ListPrice:	$1,300,000
Status:	Active Last Change: 03/31/2008	Property Type:
PropName:		Price/Sq Ft:
Location:	91AC HWY 90 W	Price/Unit:
	MOSSY HEAD, FL	Building Sq Ft:
ZipCode:	32435	Frontage:
County:	WALTON	WF Feet:
MainArea:	23 North Walton County	Acreage:	91.00
SubArea:	05 MOSSY HEAD	YearBuilt:
ParcelID:	19-3N-21-37000-003-0000	Const Status:
Directions:	Last parcel in Walton County before the County Line on Hwy 90. Rail road crossing that leads to the property is in Okaloosa County. Follow Dirt rd back to property.

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Excellent piece of property with Frontage on the Railroad and Hwy 90 with commercial potential. Walton Planning and Development Land use Designation came back "Rural Residential" Property is next to Mossy Head Auto Parts and is Ideal for rezoning to commercial or industrial. Bordering parcels to the south are zoned industrial already.

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Active Development Order : N
Development Order Details :

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Lot Dimensions:				Vacant?	Y	#Units/Pads:		# of Rooms:
Lot Sq Ft:				ImmediateOcc?		Vacancy Rate:		Avg % Occupancy:
Lot Depth:				Office Sq Ft:		# of Floors:
Zoning:				FutLandUse:		Sprinklers?		Rail?
WF Description:						Doors-GrndLvl:		DockHigh

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LoopNet:	507-Land Residential (Single-Fam)	512-Land Commercial/Other (Land)
Site Information:
Lease Information:
Tenant Information:

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Scheduled Income:		CAP Rate:		LO:	SaleType:
Gross Income:		GRM:
Expenses:		CAM:	per
Net Op Income:		Exp/Unit:		Exp/SqFt:
Cash Flow:		Expense Types:

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Commercial Sales - Other				.
ML:	471314m	ListPrice:	$169,000
Status:	Active Last Change: 02/07/2008	Property Type:	Building and land
PropName:		Price/Sq Ft:
Location:	3131 HWY 83 N	Price/Unit:
	DEFUNIAK SPRINGS, FL	Building Sq Ft:	2400
ZipCode:	32433	Frontage:	140
County:	WALTON	WF Feet:
MainArea:	23 North Walton County	Acreage:	1.14
SubArea:	07 JUNIPER LAKE	YearBuilt:	1997
ParcelID:	11-3N-19-19710-000-0580	Const Status:	Existing
Directions:	Hwy 90 to Hwy 83 N. Go three and one tenth miles and building is on the left.

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Great commercial location on busy Hwy 83 N. Land use allows for neighborhood commercial business in this location.

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Active Development Order : N
Development Order Details :

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Lot Dimensions:	318X140XX308X165			Vacant?	N	#Units/Pads:	1	# of Rooms:
Lot Sq Ft:				ImmediateOcc?	N	Vacancy Rate:		Avg % Occupancy:
Lot Depth:				Office Sq Ft:		# of Floors:
Zoning:	URBAN RESEDENTIAL			FutLandUse:		Sprinklers?		Rail?
WF Description:						Doors-GrndLvl:		DockHigh

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LoopNet:	914-Retail Commercial Street Retail	802-Office Office Building	913-Retail-Commercial Free -Standing Building
Site Information:
Lease Information:
Tenant Information:	Present tenant has sixty days from contract closing to vacate.

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Scheduled Income:		CAP Rate:		LO:	SaleType:
Gross Income:		GRM:
Expenses:		CAM:	per
Net Op Income:		Exp/Unit:		Exp/SqFt:
Cash Flow:		Expense Types:

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Commercial Sales - Business				.
ML:	470312p	ListPrice:	$175,000
Status:	Active Last Change: 09/13/2007	Property Type:
PropName:	A PORTION OF THE WEST FLORIDA FARMERS CO-OP PROPERTY.	Price/Sq Ft:
Location:	585 NORTH NINTH STREET	Price/Unit:
	DEFUNIAK SPRINGS, FL	Building Sq Ft:
ZipCode:	32433	Frontage:
County:	WALTON	WF Feet:
MainArea:	23 North Walton County	Acreage:
SubArea:	07 JUNIPER LAKE	YearBuilt:
ParcelID:		Const Status:
Directions:	FROM THE INTERSECTION OF HIGHWAY 90 AND HIGHWAY 83 TURN NORTH ON HIGHWAY 83 AND GO APPROXIMATELY 3/4 MILES AND LOOK FOR SIGN ON THE LEFT.

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ALL INFORMATION IS APPROXIMATE AND SHOULD BE VERIFIED BY THE BUYER PRIOR TO OFFER. THERE ARE APPROXIMATELY 2.4 +/- ACRES THAT IS TO BE AGREED UPON AND DETERMINED BY A SURVEY. PROPERTY WILL HAVE APPROXIMATELY 50-70 FEET OF HIGHWAY FRONTAGE ON HIGHWAY 83. BUYER AND SELLER MUST AGREE TO SURVEY LINES DUE TO THE BUSINESS OF THE WEST FLORIDA FARMERS CO-OP.

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Active Development Order : N
Development Order Details :

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Lot Dimensions:				Vacant?		#Units/Pads:		# of Rooms:
Lot Sq Ft:				ImmediateOcc?		Vacancy Rate:		Avg % Occupancy:
Lot Depth:				Office Sq Ft:		# of Floors:
Zoning:				FutLandUse:		Sprinklers?		Rail?
WF Description:						Doors-GrndLvl:		DockHigh

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LoopNet:
Site Information:
Lease Information:
Tenant Information:

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Scheduled Income:		CAP Rate:		LO:	SaleType:
Gross Income:		GRM:
Expenses:		CAM:	per
Net Op Income:		Exp/Unit:		Exp/SqFt:
Cash Flow:		Expense Types:

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Commercial Sales - Business				.
ML:	470336p	ListPrice:	$295,000
Status:	Active Last Change: 09/13/2007	Property Type:
PropName:	A PORTION OF THE WEST FLORIDA FARMERS CO-OP PROPERTY.	Price/Sq Ft:
Location:	585 NORTH NINTH STREET	Price/Unit:
	DEFUNIAK SPRINGS, FL	Building Sq Ft:
ZipCode:	32433	Frontage:
County:	WALTON	WF Feet:
MainArea:	23 North Walton County	Acreage:
SubArea:	07 JUNIPER LAKE	YearBuilt:
ParcelID:	25-3N-19-19070-001-6171	Const Status:
Directions:	FROM INTERSECTION OF HIGHWAY 90 AND HIGHWAY 83 TURN NORTH ON HIGHWAY 83 AND GO APPROXIMATELY 3/4 MILES AND LOOK FOR SIGN ON LEFT.

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ALL INFORMATION IS APPROXIMATE AND SHOULD BE VERIFIED BY THE BUYER PRIOR TO OFFER. THERE ARE APPROXIMATELY 3.6 ACRES WITH APPROXIMATELY 225 FEET OF HIGHWAY FRONTAGE ON HIGHWAY 83. THIS PROPERTY WILL BE CUT OUT OF THE PARENT PARCEL. BUYER AND SELLER MUST AGREE TO SURVEY LINES DUE TO THE BUSINESS OF WEST FLORIDA FARMERS CO-OP.

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Active Development Order : N
Development Order Details :

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Lot Dimensions:				Vacant?		#Units/Pads:		# of Rooms:
Lot Sq Ft:				ImmediateOcc?		Vacancy Rate:		Avg % Occupancy:
Lot Depth:				Office Sq Ft:		# of Floors:
Zoning:				FutLandUse:		Sprinklers?		Rail?
WF Description:						Doors-GrndLvl:		DockHigh

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LoopNet:
Site Information:
Lease Information:
Tenant Information:

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Scheduled Income:		CAP Rate:		LO:	SaleType:
Gross Income:		GRM:
Expenses:		CAM:	per
Net Op Income:		Exp/Unit:		Exp/SqFt:

Commercial Sales - Business				.
ML:	475321m	ListPrice:	$125,000
Status:	Active Last Change: 05/12/2008	Property Type:
PropName:	RUBENS COIN LAUNDRY	Price/Sq Ft:
Location:	192 LIVE OAK AVE	Price/Unit:
	DEFUNIAK SPRINGS, FL	Building Sq Ft:	1958
ZipCode:	32433	Frontage:	87
County:	WALTON	WF Feet:
MainArea:	23 North Walton County	Acreage:	0.14
SubArea:	10 DE FUNIAK SPRINGS	YearBuilt:	1948
ParcelID:	25-3N-19-19070-001-8736	Const Status:	Existing
Directions:	From intersection of HWY 90W & 331S, take 331S to a RIGHT on Live Oak. Property will be down on your right. Sign on property as well as name on front of the business.

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PRICE REDUCTION!!GREAT INVESTMENT WITH IMMEDIATE CASH FLOW Property is conveniently located and it is priced right. There are 22 Washers and 15 Dryers that are all in good working condition. There is a Change machine, and also a security system installed on the premises.There is also a room that did/would accomadate 10-12 Video Game machines. There are coin operated soda machines that are also inclluded. There is rest room facilities available. All folding tables and chairs convey with the property. Owner is MOTIVATED so bring your offers on this great investment opportunity.

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Active Development Order : N
Development Order Details :

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Lot Dimensions:	87X70			Vacant?	N	#Units/Pads:		# of Rooms:
Lot Sq Ft:				ImmediateOcc?	Y	Vacancy Rate:		Avg % Occupancy:
Lot Depth:	70			Office Sq Ft:		# of Floors:
Zoning:	COMMERCIAL			FutLandUse:		Sprinklers?		Rail?
WF Description:						Doors-GrndLvl:		DockHigh

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LoopNet:
Site Information:
Lease Information:	OWNER WILL LEASE BUILDING AND ALL EQUIPMENT CONTAINED THERE-IN ON A YEARLY BASIS. CONTACT LISTING AGENCY FOR FURTHER INFORMATION.
Tenant Information:

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Scheduled Income:		CAP Rate:		LO:	SaleType:
Gross Income:		GRM:
Expenses:		CAM:	per
Net Op Income:		Exp/Unit:		Exp/SqFt:
Cash Flow:		Expense Types:

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Commercial Sales - Industrial				.
ML:	489736p	ListPrice:	$130,000
Status:	Active Last Change: 03/31/2008	Property Type:	Warehouse
PropName:	DEFUNIAK MINI STORAGE	Price/Sq Ft:
Location:	13 19TH ST N	Price/Unit:
	DEFUNIAK SPRINGS, FL	Building Sq Ft:	2700
ZipCode:	32433	Frontage:
County:	WALTON	WF Feet:
MainArea:	23 North Walton County	Acreage:	0.17
SubArea:	10 DE FUNIAK SPRINGS	YearBuilt:	1984
ParcelID:		Const Status:	Existing
Directions:	ON THE CORNER OF W HWY 90 AND N 19TH STREET

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21 UNIT MINI-STORAGE UNITS. SIZES AND RENT SCHEDULE AVAILABLE. BUILDING HAS CHAIN LINK FENCE, NEW SIGN, SECURITY LIGHTS AND WATER TAP. WELL MAINTAINED. CITY ZONING IS LIGHT INDUSTRIAL.

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Active Development Order : Y
Development Order Details :

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Lot Dimensions:	50X150			Vacant?		#Units/Pads:		# of Rooms:
Lot Sq Ft:				ImmediateOcc?		Vacancy Rate:		Avg % Occupancy:
Lot Depth:				Office Sq Ft:		# of Floors:
Zoning:	LIGHT INDUSTRIAL			FutLandUse:		Sprinklers?		Rail?
WF Description:						Doors-GrndLvl:		DockHigh

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LoopNet:	411-Industrial Self-Storage/Mini-Storage Facility
Site Information:
Lease Information:	ALL UNITS ARE RENTED MONTH-TO-MONTH
Tenant Information:

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Scheduled Income:		CAP Rate:		LO:	SaleType:
Gross Income:		GRM:
Expenses:		CAM:	per
Net Op Income:		Exp/Unit:		Exp/SqFt:
Cash Flow:		Expense Types:

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Commercial Sales - Land				.
ML:	491005m	ListPrice:	$149,000
Status:	Active Last Change: 05/23/2008	Property Type:	Retail
PropName:	MASI	Price/Sq Ft:
Location:	1990 HIGHWAY 83 NORTH	Price/Unit:
	DEFUNIAK SPRINGS, FL	Building Sq Ft:
ZipCode:	32433	Frontage:
County:	WALTON	WF Feet:
MainArea:	23 North Walton County	Acreage:
SubArea:	10 DE FUNIAK SPRINGS	YearBuilt:
ParcelID:	14-3N-19-19000-002-0240	Const Status:
Directions:	Hwy 90 to Hwy 83 North. Go 2 miles North. Property on the R at the corner of Hwy 83 and Spradlin Rd.

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One of the first bait and tackle shops in the area was located on this Property. Also included with the purchase is a functional mobile home. No value was given to the mobile or the bait shop. The Property is zoned Urban Residential (4 units per acre) Conditional uses allowed in Urban Residential Zoning include Limited Supporting Neighborhood Commercial. This includes but is not limited to retail and personal services that would support residential areas such as dance studios, martial arts studios, retail stores, garden supply stores, grocery stores and restaurants. This is a corner parcel on one of North Walton County's busiest highways. Mobile and old bait shop to sold "as is." Seller will do no repairs.

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Active Development Order : N
Development Order Details :

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Lot Dimensions:				Vacant?		#Units/Pads:		# of Rooms:
Lot Sq Ft:				ImmediateOcc?		Vacancy Rate:		Avg % Occupancy:
Lot Depth:				Office Sq Ft:		# of Floors:
Zoning:				FutLandUse:		Sprinklers?		Rail?
WF Description:						Doors-GrndLvl:		DockHigh

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LoopNet:
Site Information:
Lease Information:
Tenant Information:

---

Scheduled Income:		CAP Rate:		LO:	SaleType:
Gross Income:		GRM:
Expenses:		CAM:	per
Net Op Income:		Exp/Unit:		Exp/SqFt:
Cash Flow:		Expense Types:

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Commercial Sales - Other				.
ML:	473360m	ListPrice:	$149,000
Status:	Active Last Change: 12/13/2007	Property Type:	older home on lot
PropName:		Price/Sq Ft:
Location:	54 N 9TH STREET	Price/Unit:
	DEFUNIAK SPRINGS, FL	Building Sq Ft:	1027
ZipCode:	32433	Frontage:
County:	WALTON	WF Feet:
MainArea:	23 North Walton County	Acreage:	0.24
SubArea:	10 DE FUNIAK SPRINGS	YearBuilt:	1883
ParcelID:	25-3N-19-19070-000-8080	Const Status:
Directions:	From Hwy 90 & Hwy 83 (N. 9th St.) in DeFuniak, proceed on Hwy 83 1 block to corner at Sloss Ave. Property is on the corner.

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Older home on the 70x150' commercial lot. Seller had been renting out the home as residential. Does need some work; or may be removed. Vacant presently. **** Right on busy Hwy in the middle of town. Extreemly good business location!!!!!!!!!!!

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Active Development Order : N
Development Order Details :

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Lot Dimensions:	70X150			Vacant?	Y	#Units/Pads:		# of Rooms:
Lot Sq Ft:				ImmediateOcc?	Y	Vacancy Rate:		Avg % Occupancy:
Lot Depth:				Office Sq Ft:		# of Floors:
Zoning:	COMMERCIAL			FutLandUse:		Sprinklers?		Rail?
WF Description:						Doors-GrndLvl:		DockHigh

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LoopNet:	802-Office Office Building	914-Retail Commercial Street Retail	908-Retail-Commercial Restaurant
	804-Office Medical Office	913-Retail-Commercial Free -Standing Building	903-Retail-Commercial Day Care Facility/Nursery
Site Information:
Lease Information:
Tenant Information:

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Scheduled Income:		CAP Rate:		LO:	SaleType:
Gross Income:		GRM:
Expenses:		CAM:	per
Net Op Income:		Exp/Unit:		Exp/SqFt:
Cash Flow:		Expense Types:

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Commercial Sales - Office				.
ML:	461811p	ListPrice:	$159,900
Status:	Active Last Change: 04/28/2008	Property Type:
PropName:		Price/Sq Ft:
Location:	150 9TH ST N	Price/Unit:
	DEFUNIAK SPRINGS, FL	Building Sq Ft:
ZipCode:	32433	Frontage:
County:	WALTON	WF Feet:
MainArea:	23 North Walton County	Acreage:	0.26
SubArea:	10 DE FUNIAK SPRINGS	YearBuilt:	1940
ParcelID:	25-3N-19-19070-001-7361	Const Status:	Existing
Directions:	Take Hwy 90 to 9th Street. Turn North to property on right at corner of 9th and Chaffin Drive.

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Great Historic home in the City of DeFuniak Springs! This former residence has a great corner location and is convenient to down town. The current zoning is R-2 which allows for light commercial businesses such as Doctors office, law office, Day Care, insurance agencies, and more. The home has been left in a near original state, and some updating will be necessary. The home has a quaint cottage feel, with intricate wood work and wonderful "wavy glass" windows. This home would surely make a great business locale, or personal residence, depending on your needs. Call today for more information or to schedule a showing.

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Active Development Order : N
Development Order Details :

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Lot Dimensions:	70X149			Vacant?		#Units/Pads:		# of Rooms:
Lot Sq Ft:				ImmediateOcc?		Vacancy Rate:		Avg % Occupancy:
Lot Depth:				Office Sq Ft:		# of Floors:
Zoning:				FutLandUse:		Sprinklers?		Rail?
WF Description:						Doors-GrndLvl:		DockHigh

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LoopNet:
Site Information:
Lease Information:
Tenant Information:

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Scheduled Income:		CAP Rate:		LO:	SaleType:
Gross Income:		GRM:
Expenses:		CAM:	per
Net Op Income:		Exp/Unit:		Exp/SqFt:
Cash Flow:		Expense Types:

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All information in this listing, including but not limited to square footage, room dimensions and lot size is approximate and not exact. Buyers are expected to verify any specific information prior to signing any contract. Neither the Emerald Coast Association of Realtors nor any Realtor is liable for any inaccuracies herein.Copyright: 2008 by the Emerald Coast Association of Realtors
Free instant access, see all properties for sale at www.NorthwestFloridaRealtor.com
Prepared by BRANDON JORDAN of COLDWELL BANKER UNITED REALTORS-CVIEW on 5/25/2008 6:20:17 PM

Florida Real Estate with Brandon Jordan, your Northwest Florida Realtor and ActiveRain featured Realtor for Okaloosa County since 2007. We provide this information and much more on our site for you at no charge, so please remember us when you're looking to buy or sell real estate.

According to the latest NAR Commercial Member Profile, commercial members experienced a 7 percent jump in median sales volume for 2006, reaching a median of $2.249 million in sales. Selling land was the single largest commercial specialty for respondents, accounting for 19 percent.

 

WASHINGTON - May 21, 2008 - Reflecting a strong commercial real estate market last year, commercial members of the National Association of Realtors® (NAR) surveyed for the NAR Commercial Member Profile experienced a 7 percent jump in median sales volume for 2006, reaching a median of $2.249 million in sales. Respondents closed a median of eight transactions, the report noted.

Those members affiliated with one of NAR's affiliated commercial specialty groups achieved higher totals, led by members of the Society of Industrial and Office Realtors®, who had a median of 25 transactions in 2006. Experience also played a role in increasing sales volume; members who had worked in commercial real estate for 26 or more years reported a median sales volume of $5.057 million.

Selling land was the single largest commercial specialty for respondents, accounting for 19 percent of business activities among members. Other principal business activities for commercial practitioners included multifamily sales (11 percent), retail building sales (10 percent), and office building sales (8 percent).

Accounting for 11 percent of total business activity among commercial members, office leasing was the only leasing or management activity that reached double digits among respondents. Commercial members involved in leasing activity saw a 12 percent increase in leasing activity during 2006. Median lease transaction volume for members was $183,300. As with sales, the dollar value of lease transactions increases with business experience, reaching $187,000 for members with 16 to 25 years of commercial real estate experience.

A summary of the report's findings was presented last week during NAR's Midyear Legislative Meetings and Trade Expo in Washington, D.C.

Florida Real Estate with Brandon Jordan, your Northwest Florida Realtor and ActiveRain featured Realtor for Okaloosa County since 2007. We provide this information and much more on our site for you at no charge, so please remember us when you're looking to buy or sell real estate.

Detached Single Family
MLS#:	484913m OfficeFile#:	ListPrice:	$80,000
Status:	Active Last Change: 5/20/2008	ApproxSF:	980 BG:
Address:	1010 EVERGLADES Dr	$/Sqft:	$81.63
	NICEVILLE, FL	Bedrooms:	2
Zip:	32578	Baths Full/Half:	2/
County:	OKALOOSA	Stories:	1
MainArea:	13 Niceville	YearBuilt:	1977
SubArea:	04 SO OF 20 TO VALP BLVD	OccStat:	Vacant
Subdiv:	BAYSHORE	ImmOcc?	Y
ParcelID:	17-1S-22-3090-0005-0060	ConstrStat:	ConstrCmplt
ElemSch: PLEW Middle: RUCKEL High: NICEVILLE
Dir:	From Val-p Blvd, turn on to Linden Ave. going south, make a Right on Everglade and its down on the Left. 1010.
Legal:	Bayshore Lot 6 blk 5 1002-564

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This is a unique mobile home park that is well maintained. Great Location in a Quiet Community.The community features a nice pool, laundry mat, and community center for entertaining. This lot is across from the community facilities. The lot has nice Oak Trees and a fenced back yard. There is an attached carport and the mobile home has a permanent roof this would make a great starter or retirement home.This area is convenient to Eglin Air Force base, Okaloosa Walton Community College, And it's a short trip to Destin or Fort Walton Beach.

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ParkingSpaces:	Carport:2	Lot Dim.:	60X100	LotAcc:	City Road	WatFrnt:
PrkingFeat:	Other	Acres:	0.14	Zoning:	City, Mobile Home, Residential Single Family	WatView:
WFFeet:		LotFeat:	Covenants, Interior, Level
ProjFacil:

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Room Type	Lvl	Dimnsns
LivingRoom	1	14x14		Design:	Mobile Home
DiningRoom	1	14x7
Kitchen	1	14x7		Const/Siding:	Foundation Off Grade, Roof Metal, Siding Aluminum/Metal
Bedrm:Master	1	15x14
Bedrm:Additnl	1	14x10		ExtFeatures:	Fenced Chain Link, Fenced Lot-Part
UtilityRoom	1	14x5
Bedrm:Master	1	9'7		IntFeatures:	Floor:Vinyl, Floor:W/W Carpet, Washer/Dryer Hookup
Bath: Full	1	8'1
				Appliances:
				Utilities:	Community Sewer, Community Water, Electric, Gas:Natural, Phone, TV Cable
				Energy:	A/C: Central Electric, Ceiling Fans, Heat: Central Gas, Water Heater: Electric

Florida Real Estate with Brandon Jordan, your Northwest Florida Realtor and ActiveRain featured Realtor for Okaloosa County since 2007. We provide this information and much more on our site for you at no charge, so please remember us when you're looking to buy or sell real estate.

Detached Single Family				.
MLS#:	482330m OfficeFile#:	ListPrice:	$125,000
Status:	Active Last Change:	ApproxSF:	1,265 BG:
Address:	15 COURTNEY LN	$/Sqft:	$98.81
	CRESTVIEW, FL	Bedrooms:	3
Zip:	32539	Baths Full/Half:	2/0
County:	OKALOOSA	Stories:	1
MainArea:	25 Crestview Area	YearBuilt:	1995
SubArea:	01 CRESTVIEW SOUTHEAST	OccStat:	Vacant
Subdiv:	HOLLYROD PARK PH 2	ImmOcc?	Y
ParcelID:	28-3N-23-2780-0000-0150	ConstrStat:	ConstrCmplt
ElemSch: SOUTHSIDE Middle: RICHBOURG High: CRESTVIEW
Dir:	85 N. Right on Redstone (right after Hospital). Right at first stop sign onto Brookmeade. Left onto Covell. Left into Hollyrod subdivision. First left follow down to end of cul-de-sac. House is on left.
Legal:	HOLLYROD II S/D LOT 15

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Seller very motivated, bring all offers!!! Seller willing to pay closing costs upon acceptable offer!!!!Great neighborhood behind Crestview hospital! House is located in a cul-de-sac; this is a one-way-in, one-way-out subdivision. Close to shopping such as Walgreens and Publix and just minutes from bases. The new elementary/middle school is being built close by. The home features a split bedroom floor-plan with vaulted ceiling in living area. The home offers an open floor plan and a fireplace in the living room. The kitchen is roomy with lots of cabinet space and a long breakfast bar. Master bedroom is a nice size and offers a walk-in closet. Seller enclosed the patio that has windows which adds lots of square footage. Large back yard includes shed. HOME WARRANTY IS BEING OFFERED TO BUYER...A $380.00 VALUE!

 

Room Type	Lvl	Dimnsns
LivingRoom	1	17x15		Design:	Contemporary
DiningRoom	1	11x11
Kitchen	1	11x8		Const/Siding:	Foundation Slab On Grade, Frame, Roof Composite Shingle, Siding Brick Some, Siding Vinyl, Trim Vinyl
Bedrm:Master	1	18x13
Bedrm:Additnl	1	13x12		ExtFeatures:	Fenced Back Yard, Fenced Privacy, Patio Covered
Bedrm:Additnl	1	12x10
Garage	1	24x20		IntFeatures:	Breakfast Bar, Ceiling:Cathedral, Fireplace, Floor:Vinyl, Floor:W/W Carpet New, Pull Down Stairs, Skylight(s), Split Bedroom, Washer/Dryer Hookup
				Appliances:	Auto Garage Door Opener, Dishwasher, Disposal, Oven:Self Cleaning, Range Hood, Smoke Detector, Stove/Oven Electric
				Utilities:	Electric, Gas:Natural, Phone, Public Water, TV Cable
				Energy:	A/C: Central Electric, Ceiling Fans, Double Paned Windows, Heat: Central Gas, Insulated Doors, Ridge Vent, Water Heater: Gas
Mbed/Mbath: Mbath Skylight, Mbed Carpeted, Mbed Sitting Area, Mbed Walk-In Closet

Florida Real Estate with Brandon Jordan, your Northwest Florida Realtor and ActiveRain featured Realtor for Okaloosa County since 2007. We provide this information and much more on our site for you at no charge, so please remember us when you're looking to buy or sell real estate.

Beginning May 15th, 2008, Coldwell Banker Real Estate LLC, the 2007 Inman News' Innovator of the Year winner in the brokerage/franchise category, became the first national full-service real estate company to distribute its listings to a GPS device.  Coldwell Banker worked with Dash Navigation Inc., the first GPS provider to have an Internet connected GPS device and deliver Web-based content directly to the GPS.

Just as Coldwell Banker now feeds listings to such Web sites as Google, Yahoo, Trulia and others, brand listings from around the U.S. will now be fed to DASH users by accepting the Coldwell Banker feed via their "myDash" personalized Web site.  Listings then automatically load on their Dash navigation device.

"We have been waiting for the day to deliver our listings to GPS users and are thrilled that the Dash Express has finally opened that door to us," said Michael Fischer, senior vice president of marketing for Coldwell Banker Real Estate LLC.  "Our relationship with Dash is a natural progression in our effort to have consumers engage with Coldwell Banker at every turn so that when the time comes to enter the market they are apt to collaborate with a Coldwell Banker sales associate. "

The Coldwell Banker feed, now exclusive to Dash, allows consumers to call up Coldwell Banker listings, map them, get directions and view other Coldwell Banker listings in close proximity.

 

Florida Real Estate with Brandon Jordan, your Northwest Florida Realtor and ActiveRain featured Realtor for Okaloosa County since 2007. We provide this information and much more on our site for you at no charge, so please remember us when you're looking to buy or sell real estate.

By CYRIL MOULLE-BERTEAUX
May 6, 2008; Page A
The Wall Street Journal

The dire headlines coming fast and furious in the financial and popular press suggest that the housing crisis is intensifying. Yet it is very likely that April 2008 will mark the bottom of the U.S. housing market. Yes, the housing market is bottoming right now.

How can this be? For starters, a bottom does not mean that prices are about to return to the heady days of 2005. That probably won't happen for another 15 years. It just means that the trend is no longer getting worse, which is the critical factor.

Most people forget that the current housing bust is nearly three years old. Home sales peaked in July 2005. New home sales are down a staggering 63% from peak levels of 1.4 million. Housing starts have fallen more than 50% and, adjusted for population growth, are back to the trough levels of 1982.

Furthermore, residential construction is close to 15-year lows at 3.8% of GDP; by the fourth quarter of this year, it will probably hit the lowest level ever. So what's going to stop the housing decline? Very simply, the same thing that caused the bust: affordability.

The boom made housing unaffordable for many American families, especially first-time home buyers. During the 1990s and early 2000s, it took 19% of average monthly income to service a conforming mortgage on the average home purchased. By 2005 and 2006, it was absorbing 25% of monthly income. For first time buyers, it went from 29% of income to 37%. That just proved to be too much.

Prices got so high that people who intended to actually live in the houses they purchased (as opposed to speculators) stopped buying. This caused the bubble to burst.

Since then, house prices have fallen 10%-15%, while incomes have kept growing (albeit more slowly recently) and mortgage rates have come down 70 basis points from their highs. As a result, it now takes 19% of monthly income for the average home buyer, and 31% of monthly income for the first-time home buyer, to purchase a house. In other words, homes on average are back to being as affordable as during the best of times in the 1990s. Numerous households that had been priced out of the market can now afford to get in.

The next question is: Even if home sales pick up, how can home prices stop falling with so many houses vacant and unsold? The flip but true answer: because they always do.

In the past five major housing market corrections (and there were some big ones, such as in the early 1980s when home sales also fell by 50%-60% and prices fell 12%-15% in real terms), every time home sales bottomed, the pace of house-price declines halved within one or two months.

The explanation is that by the time home sales stop declining, inventories of unsold homes have usually already started falling in absolute terms and begin to peak out in "months of supply" terms. That's the case right now: New home inventories peaked at 598,000 homes in July 2006, and stand at 482,000 homes as of the end of March. This inventory is equivalent to 11 months of supply, a 25-year high - but it is similar to 1974, 1982 and 1991 levels, which saw a subsequent slowing in home-price declines within the next six months.

Inventories are declining because construction activity has been falling for such a long time that home completions are now just about undershooting new home sales. In a few months, completions of new homes for sale could be undershooting new home sales by 50,000-100,000 annually.

Inventories will drop even faster to 400,000 - or seven months of supply - by the end of 2008. This shift in inventories will have a significant impact on prices, although house prices won't stop falling entirely until inventories reach five months of supply sometime in 2009. A five-month supply has historically signaled tightness in the housing market.

Many pundits claim that house prices need to fall another 30% to bring them back in line with where they've been historically. This is usually based on an analysis of house prices adjusted for inflation: Real house prices are 30% above their 40-year, inflation-adjusted average, so they must fall 30%. This simplistic analysis is appealing on the surface, but is flawed for a variety of reasons.

Most importantly, it neglects the fact that a great majority of Americans buy their houses with mortgages. And if one buys a house with a mortgage, the most important factor in deciding what to pay for the house is how much of one's income is required to be able to make the mortgage payments on the house. Today the rate on a 30-year, fixed-rate mortgage is 5.7%. Back in 1981, the rate hit 18.5%. Comparing today's house prices to the 1970s or 1980s, when mortgage rates were stratospheric, is misguided and misleading.

This is all good news for the broader economy. The housing bust has been subtracting a full percentage point from GDP for almost two years now, which is very large for a sector that represents less than 5% of economic activity.

When the rate of house-price declines halves, there will be a wholesale shift in markets' perceptions. All of a sudden, the expected value of the collateral (i.e. houses) for much of the lending that went on for the past decade will change. Right now, when valuing the collateral, market participants including banks are extrapolating the current pace of house price declines for another two to three years; this has a significant impact on the amount of delinquencies, foreclosures and credit losses that lenders are expected to face.

More home sales and smaller price declines means fewer homeowners will be underwater on their mortgages. They will thus have less incentive to walk away and opt for foreclosure.

A milder house-price decline scenario could lead to increases in the market value of a lot of the securitized mortgages that have been responsible for $300 billion of write-downs in the past year. Even if write-backs do not occur, stabilizing collateral values will have a huge impact on the markets' perception of risk related to housing, the financial system, and the economy.

We are of course experiencing a serious housing bust, with serious economic consequences that are still unfolding. The odds are that the reverberations will lead to subtrend growth for a couple of years. Nonetheless, housing led us into this credit crisis and this recession. It is likely to lead us out. And that process is underway, right now.

Florida Real Estate with Brandon Jordan, your Northwest Florida Realtor and ActiveRain featured Realtor for Okaloosa County since 2007. We provide this information and much more on our site for you at no charge, so please remember us when you're looking to buy or sell real estate.

Energy Star Expert to Hone Sustainability at GE Real Estate

GE Real Estate has tapped former EPA Energy Star executive Stuart Brodsky as regional sustainability leader for its North America Equity unit.

Brodsky's appointment comes as GE is ramping up green activities across its massive property portfolio of more than 385 million square feet. Its recent sustainable initiatives include broader commitments to LEED certification and energy benchmarking, leaning on customers and vendors to improve their environmental performance, and a partnership with Bill Clinton's Clinton Climate Initiative to cut energy consumption and emissions in cities.

Brodsky, a familiar name in commercial real estate circles, will help GE develop and execute a sustainable business strategy that is both environmentally friendly and profitable. "Stuart has designed several energy efficiency programs for leading industry groups. His appointment is another step forward in achieving our goal of embedding sustainability into our practices to benefit the environment and our business," said Christian Blechinger, managing director at GE Real Estate.

At the Environmental Protection Agency, Brodsky was national program manager for commercial property markets for the Energy Star program. He led the agency's outreach initiatives and partnerships to industry groups like the Building Owners and Managers Association (BOMA), the National Association of Real Estate Investment Trusts (NAREIT), the Real Estate Roundtable, and the Green Building Finance Consortium.

Florida Real Estate with Brandon Jordan, your Northwest Florida Realtor and ActiveRain featured Realtor for Okaloosa County since 2007. We provide this information and much more on our site for you at no charge, so please remember us when you're looking to buy or sell real estate.

RREEF, Advance Realty Endorse BOMA 7-Point Challenge

BOMA has landed two new participants for its 7-Point Challenge green building program.

Investment manager RREEF North America and New Jersey-based owner and developer Advance Realty Group both endorsed the voluntary program that seeks to cut energy consumption across property portfolios by 30 percent by 2012.

Launched last summer, the 7-Point Challenge is one of the most popular green building advocacy initiatives created the industry trade group. More than 30 local BOMA chapters and 25 industry firms have joined the program, including CB Richard Ellis, Cushman & Wakefield, USAA Real Estate Co., The Irvine Co., Hines, Transwestern and Shorenstein. "Market transformation is achievable when organizations ... step up to the challenge," said Brenna Walraven, BOMA International's Chairman and Chief Elected Officer and an executive managing director with USAA.

To decrease energy usage in buildings, the program taps EPA Energy Star benchmarking, education and training for building personnel, and energy audits to identify and implement low-cost energy efficiency strategies.

Mike Kent, managing director of leasing and property management for RREEF, called the program a "natural next step" for the Deutsche Bank subsidiary. "We are committed to further developing our sustainable business practices and to fostering an eco-friendly community that involves our tenants and investors," he said.

RREEF Real Estate has about $49 billion in assets under management worldwide.

Advance Realty, the Peter Cocoziello-led firm that owns One Gateway Center in Newark, NJ, boosted its sustainable real estate platform in March by hiring energy management firm GSH Group to implement energy conservation practices across its Mid-Atlantic property portfolio of roughly 4.5 million square feet.

Florida Real Estate with Brandon Jordan, your Northwest Florida Realtor and ActiveRain featured Realtor for Okaloosa County since 2007. We provide this information and much more on our site for you at no charge, so please remember us when you're looking to buy or sell real estate.

Liberty Mutual Develops Green Building Insurance Policy

Insurance provider Liberty Mutual has introduced new commercial property coverage tailored specifically for LEED- or Green Globes-certified buildings.

The policy responds to the rising popularity of green buildings, Boston-based Liberty Mutual said in a statement. In the event of a covered loss to a green building, the policy would provide insurance for building recommissioning and re-certification fees, the installation of a "green" vegetative roof, debris recycling and the installation of green-certified products such as those under the Energy Star label.

In the event of a re-certification, the cost to increase the property sustainability rating by one level (for instance, LEED Silver to LEED Gold) would also be covered.

The policy also covers green retrofits to non-green properties. "Our endorsement encourages property owners to consider the environmental impact of their business and enables them to act responsibly regardless of whether or not they pursue green certification," stated Liberty Mutual President Tim Rose.

The Liberty Mutual policy is similar to one created by Fireman's Fund in 2006, the first sustainable building policy issued by a major insurance provider. Fireman's Fund broadened that policy last year with increased coverage for loss of earnings, soft costs like re-registration or re-certification, and rental value.

Liberty Mutual follows LEED guideline protocols at its 22-owned buildings and 9 million square feet of leased space. The company owns one LEED-certified building and has two buildings in the certification process.

Florida Real Estate with Brandon Jordan, your Northwest Florida Realtor and ActiveRain featured Realtor for Okaloosa County since 2007. We provide this information and much more on our site for you at no charge, so please remember us when you're looking to buy or sell real estate.