News Summary
Recent data reveals a significant rise in real estate transactions across Northeast Florida, with notable activity in St. Johns and Duval Counties. Investors are showing growing interest in both commercial and residential properties, with acquisitions including the World Golf Village Renaissance Resort and Candlewood Suites. The market reflects a vibrant environment as buyers seize opportunities across various property types, indicative of the area’s appeal for both businesses and residents. The trends suggest a resilient market ready for continued growth amidst evolving economic needs.
St. Augustine, Florida – Recent data reveals a significant surge in real estate transactions across Northeast Florida, highlighting shifting market dynamics as buyers acquire both commercial and residential properties. The transactions in St. Johns and Duval Counties demonstrate growing interest from various investors in this lively market.
In St. Johns County, prominent transactions included the acquisition of the World Golf Village Renaissance St. Augustine Resort at 500 S. Legacy Trail. Spanning 1.61 acres, this property, with an impressive 287,796 square feet of building space, was purchased by St. Augustine Lodging Associates LLC from Atrium Finance IV. Additionally, at 100 Front Nine Drive, the Resort at World Golf Village rental weeks was acquired by Vacation Trust Inc., further illustrating the shift in interest towards hospitality and tourism-related properties.
Duval County also showed vibrant activity with multiple transactions. Notable among these was the purchase of the Candlewood Suites located at 2073 Mayport Road, Jacksonville. The 1.13 acres parcel features a 31,693 square feet building, acquired by Butler Lodging LLC from Mayport Lodging 2 Inc.. Another commercial deal involved properties at 211, 241, and 225 W. Ashley St., 604 N. Hogan St., and West Beaver Street, totaling 1.16 acres. This collection was acquired by North Core 904 LLC from EJPC LLC.
Residential interest is growing as well, exemplified by Glen Kernan Parkway where Mattamy Jacksonville LLC acquired a 3.8 acres planned residential site from Hodges Properties I LLC. Additionally, the Islamic Center of Northeast Florida Inc. purchased a 6.35 acres property previously allocated for a school at 1824 and 1866 Dean Road, Jacksonville, marking a significant acquisition in community-focused spaces.
Also of note, a deal for an office property at 2443 St. Johns Bluff Road S. saw Big Swole Holdings LLC buy the 1.12 acres, which includes a 6,000 square feet building from Kenney LLC. This property had last sold for $525,000 in 2005. Furthermore, Knox Property Group LLC acquired a warehouse at 146 Levy Road, Atlantic Beach on a 0.42-acre site, previously sold for $225,000 in 1999.
The increase in real estate transactions points to a broader trend in Northeast Florida’s market, with both multifamily residential and commercial sectors experiencing a strong uptick in demand. As the region continues to attract businesses and residents alike, experts suggest infrastructure enhancements and population growth will further influence future investments.
The residential and hospitality sectors remain particularly active, indicative of Northeast Florida’s appeal for both investors and those seeking second homes in popular resort areas. With the introduction of new properties and significant purchases by established firms, the market reflects a diverse landscape ready for continuing growth.
Overall, these developments in St. Johns and Duval Counties illustrate a vibrant real estate environment, as buyers seize opportunities across various property types, from commercial ventures to residential community projects. The trends denote a resilient market that is evolving in line with changing economic needs and lifestyles.
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Additional Resources
- Realtor.com: 2024 HGTV Dream Home in St. Augustine
- St. Augustine Record: HGTV Dream Home for Sale
- Jacksonville.com: Tom Petty’s Beach House for Sale
- PR Newswire: New St. Augustine Community Development
- Business Insider: Florida Home Price Trends
- Wikipedia: St. Augustine, Florida
Author: STAFF HERE INDIANAPOLIS WRITER
INDIANAPOLIS STAFF WRITER The INDIANAPOLIS STAFF WRITER represents the experienced team at HEREIndianapolis.com, your go-to source for actionable local news and information in Indianapolis, Marion County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Indianapolis 500, Indy Jazz Fest, and the Indiana State Fair. Our coverage extends to key organizations like the Indy Chamber and Visit Indy, plus leading businesses in motorsports and healthcare that power the local economy such as Indianapolis Motor Speedway and IU Health. As part of the broader HERE network, we provide comprehensive, credible insights into Indiana's dynamic landscape.
