|
BEACH HOMES
(MLS Zones Beaches East, West and
Thomas Drive). There are two distinct definitions for
beach houses. The first is Gulf front and these are the most
expensive. We will discuss them further in a minute. The
second definition includes ALL the homes in the Panama City Beach
geographical area. These homes constitute the largest number and
are best researched by price thru the MLS. Because the Beaches
area developed over a number of years, these "Beach Houses" will vary
widely in style, square footage, amenities and price. They will
include the higher priced waterfront homes on Grand Lagoon, Lake Powell,
St Andrews Bay and the many canals off these waterways. Look in
the MLS and search for features such as docks, boat houses, etc. to find
the waterfront homes. In price comparison, these waterfront homes
can be as pricey as Gulf Front. Again, research
by price in the MLS. As a general rule, the most "Beach Homes"
will be in a standard subdivision with many homes of similar style and
age. Since these are the most actively traded properties, a buyer
should be pre approved and have a bank pre qualification letter ready.
Search the MLS in your pre approval price range for a mortgage. There
will be pool, fireplaces, workshops, family rooms and offices in the
comments. Once you have a list contact Mary Jane for details on
each home before we make showing appointments. REMEMBER this is
the most active area of real estate in Bay County and expect that you
will face stiff competition for great homes. Now for Gulf front
homes. GULF FRONT HOMES
(MLS Zones Beaches East, West and Thomas Drive).
Truly gulf front homes are being bought by developers for
compilation into parcels large enough for a condo project. The
last two years have seen a decline in the number of true single family
gulf front/beach homes. Older homes, often held for generations,
will begin at 1 million and the newer homes will price well into the 2
to 25 million category. Square footage and storage are two of the
main price variables. Stucco homes built in the last six years
will have an average of 4/5 bedrooms with 3/4 baths and direct access
out the door onto the sugar white beach sand. Renourishment
projects have added 200+ feet in front of the homes at intervals after
hurricane damage. Security systems, pools, hurricane shutters are
all available on the gulf front homes but supply is limited and
competition is fierce. Very few families will be lucky enough to
find and keep a gulf front homes thru the next generation. Values
rise dramatically on the gulf front homes and windstorm insurance with a
flood rider is required by the lenders. Specific homes
requirements should be weighed versus price. Basic research should
include aerial photos or satellite and a lender will often want a larger
down payment.
Contact Mary Jane by email with specific questions.
|
