Welcome to my blog on St. George Island. Feel free to email me any time! Use the "What's for Sale?" tab above to do a search through all properties listed for sale on St. George Island, Apalachicola, Eastpoint, or anywhere within the local MLS.
Thanks! --Susan
A LOT of value on LOTS on St. George Island12/05/08    At these prices, the investment potential for long-term appreciation is there. We haven't seen prices like this for years. Examples? You can buy a beachfront lot on St. George Island, in the gated Plantation community, for $475,000. That's 0.56 acres, on the beachfront, 50'X475', in a little pocket development neighborhood with brick pavers, very nice homes, and very few vacant building lots. These lots are assessed by the county for over $1M. This is not a typo. There is one other beachfront lot for sale in this neighborhood for $595,000. Six homes in this neighborhood have sold in 2007 and 2008 for $1,013,000 to $2,350,000, according to our local MLS. Or, if you are aiming for a much lower price point, the best value on a one-third acre lot in the middle of the island is on Brown Street, for $100,000. This is a lot I have listed for one of my clients, and she is open to offers - has owned the lot for 20+ years, and is ready to sell it. It's a great pocket investment - just tuck it away and watch it appreciate. It's high and dry, with large pines and great native vegetation - it's not going anywhere during a storm. Bayfront lots are a little trickier to characterize - the bayfront on St. George varies greatly, from salt marsh type frontage to deep water. The views are spectacular from any of them - it just depends on how boat-centric you are. Bayfront lots are listed from $209,000 to $1,399,000 right now. So, if you are looking for an investment in a place on St. George Island that you can hold to sell later or build on when you are ready, it's a good time to take a hard look at the market for vacant lots. Call me... Care to respond to this blog post? Feel free to use the form below. |