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Freeport Real Estate - general discussion
- Thread starter Smiling JOe
- Start date
Smiling JOe
SoWal Expert
dunelover,
Look for DR Horton to change up their buildings inside Hammock Bay on the new sales. They have found it difficult to sell $400,000 with laminate counters and vinyl flooring, and cheep looking carpet. Expect to see less of the two stories (higher costs), and see more stone work around the bases with Hardi-plank siding. All of that and cheaper prices!
One other thing which I didn't mention, for the existing homes in Hammock Bay, I think Turner Heritage has much nicer quality than DR Horton. A quick walk through will show you a world of difference in looks, and their prices are much less than DR Horton's prices on existing homes.
Judging from DR Horton's new pricing line, I think you could throw some offers their way on these existing homes, which seem to be sitting still for the most part, even though there have been some recent sales.
I have met a few young Air Force guys who are living in Hammock Bay and work on Eglin AFB. When you drive through and see families living there, it does show off and reinforce that community feel which you get when driving in on the main road.
Unlike DR Horton, TurnerHeritage.com does have floor plans available for viewing.
If you need more assistance, just ask.
Look for DR Horton to change up their buildings inside Hammock Bay on the new sales. They have found it difficult to sell $400,000 with laminate counters and vinyl flooring, and cheep looking carpet. Expect to see less of the two stories (higher costs), and see more stone work around the bases with Hardi-plank siding. All of that and cheaper prices!
One other thing which I didn't mention, for the existing homes in Hammock Bay, I think Turner Heritage has much nicer quality than DR Horton. A quick walk through will show you a world of difference in looks, and their prices are much less than DR Horton's prices on existing homes.
Judging from DR Horton's new pricing line, I think you could throw some offers their way on these existing homes, which seem to be sitting still for the most part, even though there have been some recent sales.
I have met a few young Air Force guys who are living in Hammock Bay and work on Eglin AFB. When you drive through and see families living there, it does show off and reinforce that community feel which you get when driving in on the main road.
Unlike DR Horton, TurnerHeritage.com does have floor plans available for viewing.
If you need more assistance, just ask.
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SHELLY
SoWal Insider
D.R. Horton has been building a "ghost town" just past Hurlburt Field (between FWB & Pensacola) right ON Hwy 98. Last year when I drove by there they had what I suspect were the Hispanic day-workers' wives and kids waiving "New Homes" arrow-signs outside the complex (starting at $375,000 a copy). I passed there today and some houses were finished, but all were empty--there were also lots of empty lots too. My bud on Pensacola Beach told me they've abandoned the idea of using high-cost concrete block construction in the complex and are going with stick-built....if they ever find anyone interested in buying one. I imagine they'll still include SS and GCT though.
Coincidently D.R. Horton announced its quarterly earnings today--down 85%...who knew??
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Coincidently D.R. Horton announced its quarterly earnings today--down 85%...who knew??
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dunelover
Beach Fanatic
Shelly and SJ--Thanks for the info... I have never had a good feel for DR Horton, although they just entered the market where we live. Their reputation for building cheap suprises me that they would be invited in to Hammock Bay---although I have never driven thru, just read online and viewed their site.
I have looked at turners site, and not found the style I like. Maybe the whole area (Hammock bay) is wrong for me, I really like the cottage style but w/ more land---room enough to play softball w/ my kids w/out doing it on the beach! If you guys would like to direct me to a good area w/ possible purchase prices (including lot) in the 400K for 2,000 sq. ft. that would be great. I also need to be close enough for a 2-3,000 sq. ft warehouse space for our business to relocate as well.
I know both sides of being in a new development---appreciation if it all comes to fruition w/ the downside of continual construction. But, there is always that possiblity of not completing the project on time because of slow sales----so, I may talk myself in to something that is more complete.
On a side note, I noticed the Parade of Homes (i think that is what it is called there) is in June. Do you expect that week would be better than any other for looking at builders/developments?
I have looked at turners site, and not found the style I like. Maybe the whole area (Hammock bay) is wrong for me, I really like the cottage style but w/ more land---room enough to play softball w/ my kids w/out doing it on the beach! If you guys would like to direct me to a good area w/ possible purchase prices (including lot) in the 400K for 2,000 sq. ft. that would be great. I also need to be close enough for a 2-3,000 sq. ft warehouse space for our business to relocate as well.
I know both sides of being in a new development---appreciation if it all comes to fruition w/ the downside of continual construction. But, there is always that possiblity of not completing the project on time because of slow sales----so, I may talk myself in to something that is more complete.
On a side note, I noticed the Parade of Homes (i think that is what it is called there) is in June. Do you expect that week would be better than any other for looking at builders/developments?
SHELLY
SoWal Insider
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dunelover
Beach Fanatic
Shelly--
We manufacture gymnastics equipment, balance beams mainly. Yes, the site is www.thebeamstore.com Thanks for asking.
We sell mainly online, so we are free to finally pursue our dream of living by the beach. I hope warehouse space isn't too hard to find. I see they are putting things up at a good pace commercially around there.
We manufacture gymnastics equipment, balance beams mainly. Yes, the site is www.thebeamstore.com Thanks for asking.
We sell mainly online, so we are free to finally pursue our dream of living by the beach. I hope warehouse space isn't too hard to find. I see they are putting things up at a good pace commercially around there.
SHELLY
SoWal Insider
Interesting...
I'm sure you've already considered the obvious problems dealing with wood (moving from a dry climate (OK) to a humid climate). And I'm assuming you won't be concerned about labor force availability. But then there is the added cost for a climate controlled warehouse environment, access to shipping and...of course...wind insurance gouging.
IMO, you'd be wise to concentrate on finding a suitable warehouse space first and foremost...and leave the house-hunting for later--especially if you are depending on your business income to support your living arrangement. There will be plenty of rentals available (especially after tourist season) and (again IM0) there is no need to rush into housing--especially in this market environment.
My 2-cents....it's worth what you've paid for it.
Best of Luck.
.
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dunelover
Beach Fanatic
You hit the nail on the head. I think that is really the goal--find a rental in the area that we would eventually like to put roots and evaluate things.. But, yes affordable labor is a concern. I have seen the threads on that issue. Shipping, --no concern--FedEx is everywhere, and humidity is a non issue. Good thoughts and insights though. I saw your thread on your insurance too---yikes....that would be a plus to Oklahoma, although we had a tornado hit one block from our house two weeks ago...
For now, I will keep watching, learning and dreaming... At least I have a visit coming in August if not before.
Smiling JOe
SoWal Expert
Warehouse space is a rare thing around here, although there are a few on Hwy 393 N, and one on Hwy 331, just north of Hwy 20. That warehouse will probably cost as much at the home for which you are searching. I think Shelly's point of finding the warehouse first, is a very good one.
dunelover
Beach Fanatic
SJ---yes, I have found that it is rare. I did speak w/ someone a month or so ago, that was going to be putting up a new location of warehouse spaces. That is why I was looking in and around the Freeport area. But, w/ those prices for warehouse space I may find myself just visiting more. Thanks for your input, i value it.