News Summary
Northeast Florida experiences a notable surge in real estate transactions, highlighting significant acquisitions in St. Johns and Duval Counties. Major sales include the World Golf Village Renaissance Resort and various commercial and residential properties. This uptick indicates growing confidence and investment in the region’s economy, showcasing the diversity of buyers and property types involved in the market. As the local real estate landscape transforms, these transactions mark a resilient economy attracting both investors and new residents.
ST. AUGUSTINE, FLORIDA — A notable surge in real estate transactions has recently been recorded across Northeast Florida, indicating substantial changes in the local market dynamics. The transactions over the last month showcase a variety of commercial and residential properties, reflecting ongoing growth and investment in the region. The activity spans multiple counties, with significant acquisitions in St. Johns and Duval Counties.
In St. Johns County, two major transactions highlight the area’s robust real estate market. St. Augustine Lodging Associates LLC has purchased the World Golf Village Renaissance St. Augustine Resort located at 500 S. Legacy Trail. This property, which covers 1.61 acres and encompasses a building size of 287,796 square feet, was sold by Atrium Finance IV. Another transaction involved Vacation Trust Inc. acquiring rental weeks at the Resort at World Golf Village. The seller for this deal was Bluegreen Vacations Unlimited Inc.
Meanwhile, in Duval County, numerous noteworthy transactions showcase a diverse portfolio of properties. Among them is the sale of Candlewood Suites at 2073 Mayport Road in Jacksonville, which was purchased by Butler Lodging LLC. The property, covering 1.13 acres with a building size of 31,693 square feet, was previously owned by Mayport Lodging 2 Inc. Additionally, North Core 904 LLC has acquired multiple properties located at 211, 241, and 225 W. Ashley St., 604 N. Hogan St., and West Beaver Street. These properties include mixed-use commercial, church, and parking facilities on a 1.16-acre parcel, sold by EJPC LLC.
Further showcasing the influx of investment in Jacksonville, Mattamy Jacksonville LLC purchased a planned residential site on Glen Kernan Parkway, covering 3.8 acres from Hodges Properties I LLC. The investment continues with the Islamic Center of Northeast Florida Inc. acquiring a former school property at 1824 and 1866 Dean Road, transported on a 6.35-acre parcel. This building spans 52,346 square feet and was previously sold for $2.7 million in 2024.
Additional commercial activity includes the acquisition of 331 W. Ashley St. by North Core 904 LLC, a sale finalized with seller AWP331 LLC. In another transaction, Big Swole Holdings LLC purchased an office space at 2443 St. Johns Bluff Road S., which covers 1.12 acres, previously sold in 2005 for $525,000. Further investment in local warehouses is reflected in Knox Property Group LLC’s acquisition of a 0.42-acre warehouse on Levy Road in Atlantic Beach, moving forward from a previous sale at $225,000 in 1999.
Lastly, the trend of residential investment continues with Jax Construction Holdings LLC purchasing six residential lots on Stillwood Pine Boulevard, further emphasizing the growing demand for housing in the area.
The real estate market in Northeast Florida is evolving, with these transactions illustrating a greater trend of economic recovery and development in the region. The diversity of buyers and the variety of property types sold highlight a staying power and a resilient local economy that is attracting both investors and residents alike.
As the region continues to grow, these transactions serve not just as markers of investment but also as indicators of the confidence stakeholders have in the future of the Northeast Florida real estate market.
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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
