February 27, 2015

Property Values

Real Estate Values in Florida's Space Coast

Compare properties in this interactive photo gallery

What will $200,000, $500,000 and $1,000,000
buy in Florida's space coast?

Realtors believe prices have finally reached the bottom — after a bruising six years in which the median home price fell 55%. Tim Harber, president of Space Coast Realtors, says buyers — many of whom are paying cash — are enticed by the reduced prices. But certain areas are doing better than others. Cocoa Beach in particular is doing well, he says, but Palm Bay is struggling with too much inventory.

Click any photo to enlarge:

$200,000 $500,000 $1,000,000

Palm Bay
Square Feet: 3,500
Bedrooms/Baths: 5/4
Age: 2
Selling Price: $217,000

The home has a large back yard with no neighbors behind it and a three-car garage.



Rockledge
Square Feet: 3,539
Bedrooms/Baths: 5/3
Age: 6
Selling Price: $520,000

The home, listed for 250 days, has a pool and is in a master-planned gated community. It sold for the list price.

Roll over and click the right side of the image to move forward

Merritt Island
Square Feet: 4,828
Bedrooms/baths: 5/5½
Age: 26
Selling Price: $1,030,000

The home straddles the Banana and Indian rivers and has a boat dock and boat lift.



Tags: Space Coast, Housing/Construction

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Gov Scott has proposed to increase funding to education, and half of those monies will come from property taxes. The debate is: A) is Scott's proposal a tax? Or, B) is Scott just using new monies that would come in because property values are increasing?

  • A) It's a tax
  • B) It's not a tax - only tapping natural increases in revenue

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