What will $200,000, $500,000 and $1,000,000
buy in Northwest Florida?
The sparsely populated area known as the “Forgotten Coast” near Tallahassee was hit hardest in this region, with sales slowing in 2004 and few signs of a halt to the price plunges. But in the more upscale subdivisions that hug the beach west of Panama City, sales increased last year. And in Pensacola, where the real estate downturn began in earnest five years ago, Realtors say the days of large price plunges are over, and sales prices should stabilize next year.
Click any photo to enlarge:
Port St. Joe Square Feet: 2,368
Selling Price: $200,000
Biking distance to downtown Port St. Joe and five-minute car ride to the beach. Home has updated kitchen with stainless steel appliances.
Santa Rosa Beach Square Feet: 2,278
Selling Price: $524,000
The short sale with an ocean view is walking distance to the beach and is near the Seaside community made popular by "The Truman Show."
At the Paris Air Show, Gov. Rick Scott announced today that Vision Systems, a Lyon, France-based supplier for the aeronautics, marine and automotive industries, has chosen Florida's Space Coast to open its first-ever U.S. subsidiary.