Panama City Beach Real Estate Homes, Condos For Sale and Other Things
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4.12.07 » Court Halts Panama City, Bay County Airport Construction

The Associated Press

6:04 pm, November 30, 2007
A federal appeals court temporarily blocked construction of Bay County’s new airport, granting a request by local pilots and environmental groups opposed to the project.

Continue to 2nd paragraph A three judge panel of the 2nd U.S. Circuit Court of Appeals in New York on Thursday issued an interim stay of the Federal Aviation Administration’s 2006 decision allowing the airport to be built.  Read more... (266 words, 0 images, estimated 1:04 mins reading time)

2.11.07 » Panama City | Bay County International Airport Ground Breaking

Good day to all,
Yesterday was the official ground breaking for the Panama City- Bay County International Airport. Approximately 1000 people in attendance.

There is a lot of speculation as to whether or not the airport will stimulate real estate sales in the area. I think it is possible. We may see some investors come back into the market as a result of the airport contruction.  Read more... (315 words, 2 images, estimated 1:16 mins reading time)

25.10.07 » Bay County International Airport Groundbreaking Ceremony

Panama City Beach News Release

Date Set for Bay County International Airport Groundbreaking Ceremony

Thursday, October 25, 2007

Early today the Airport Authority began emailing invitations to a “Ceremonial Groundbreaking” for the new airport, to be held on Thursday, November 1, at 9:30 a.m. on Hwy 388 in West Bay.

Popularity: 29% [?]

23.10.07 » Pier Park | Panama City Beach Florida

Pier Park in Panama City Beach sure is coming along nicely! Its is going to be a GREAT place for folks to shop, eat, drink and be merry! There are a host of stores coming and quite a few under construction. The theaters are done. Long Horn Steakhouse is done. Target, Starbucks, and Panera Bread are done!

Would you like to see a cool video of the project? CLICK HERE for Pier Park Retail!  Read more... (300 words, 1 image, estimated 1:12 mins reading time)

3.10.07 » New HUD Rule Bans Seller Funded Down Payments for FHA Loans

Things just got more difficult for first time home buyers…although I have to admit I am not sorry to see this go by the wayside. It was confusing to buyers, sellers and REALTORS(R). The practical application of this program and this rule in particular has proven difficult.

FHA commissioner Brian Montgomery announced a change in HUD rules that will no longer allow borrowers who pay for their down payments with funds from the seller to obtain an FHA insured loan for that transaction.  Read more... (306 words, 1 image, estimated 1:13 mins reading time)

4.09.07 » President Bush tries to help owner’s with mortgage troubles

What is the problem?

Well I am happy to say we are not seeing much of this in the Panama City Beach area and I’d like to think that some of the reason for this is that we have responsible REALTORS(R) in our area who educate their customers with regard to lending and staying within their means. It is however, a different story on state and national basis.  Read more... (430 words, 1 image, estimated 1:43 mins reading time)

23.08.07 » Why haven’t my property taxes gone down?

Homestead is no protection against tax increases this year…

Florida homes have a market value (estimate of worth) and an assessed value (basis for property tax calculations). An owner’s assessed value, at first, should be market value minus $25,000, the homestead exemption and the local government applies its tax (millage) rate to that number. But Save Our Homes (SOH) (Homestead) also impacts assessed value by capping it at a maximum 3 percent yearly increase. However, that cap is a yearly tool and applies anytime assessed value is below market value (minus $25,000). And for many of the state’s long-time homeowners, assessed value is significantly less than market value (minus $25,000).  Read more... (255 words, 1 image, estimated 1:01 mins reading time)

21.08.07 » Panama City-Bay County International Airport-Federal, State and Local Leaders Voice Strong Support for Airport Relocation

Press Release Source: Panama City – Bay County International Airport

Federal, State and Local Leaders Voice Strong Support for Airport Relocation
Tuesday August 21, 8:39 am ET
Panhandle Business Leaders Join in Support of “Extraordinary Opportunity”
Airport Relocation Project Enters Construction Phase  Read more... (2248 words, 0 images, estimated 9:0 mins reading time)

16.08.07 » PANAMA CITY-BAY COUNTY INTERNATIONAL AIRPORT RECEIVES FINAL FEDERAL PERMIT

PANAMA CITY – BAY COUNTY INTERNATIONAL AIRPORT RECEIVES FINAL FEDERAL PERMIT NEEDED FOR AIRPORT RELOCATION

Airport Relocation Project Enters Construction Phase

Panama City, Florida – (August 16, 2007) – The Panama City – Bay
County International Airport and Industrial District (Airport Authority)
announced today that its airport relocation project is entering the
construction phase now that the U.S. Army Corps of Engineers has issued the
final necessary federal permit, completing the permitting process. The new
airport will be located in western Bay County north of County Road 388 and
east of State Road 79 on land being donated by The St. Joe Company (NYSE:
JOE).  Read more... (1439 words, 0 images, estimated 5:45 mins reading time)

16.08.07 » St. Joe Company Completes The Acquisition Of Shark’s Tooth Golf Course In Bay County, Florida

Transaction Includes 28 Home Sites with Golf Course and Lake Views in Wild Heron

Jacksonville, Florida – (August 16, 2007) – The St. Joe Company (NYSE: JOE) announced today that it has purchased the Greg Norman-designed Shark’s Tooth Golf Club in the Wild Heron community near Panama City Beach, Florida. The transaction also includes 28 fully-developed Wild Heron home sites, additional land parcels and beach and tennis club facilities.  Read more... (241 words, 0 images, estimated 58 secs reading time)

15.08.07 » Florida Home Sales-Buyers Market-Prices Continue Down

HOME SALES

In second quarter 2007, Florida’s housing sector continued to report higher inventory levels of homes for sale, median prices edging down and sales activity reflecting a buyer’s market. Statewide sales of single-family existing homes totaled 37,709 during the three-month period, a decrease of 30 percent compared to the same time a year earlier, according to FAR. The statewide median existing home sales price was $239,200. Read the full story here.  Read more... (77 words, 0 images, estimated 18 secs reading time)

13.08.07 » Panama City Beach Development to boost Beach population

Development to boost Beach population
Sunday, August 12 (By Ed
Offley, News Herald Writer)

PANAMA CITY BEACH
Without fanfare or ceremony, the St. Joe Company has initiated the
largest mixed-use residential community in city history that, upon
completion in 2018, will boost the current full-time population by 65
percent.  Read more... (795 words, 0 images, estimated 3:11 mins reading time)

11.08.07 » Land For Jim Fowler’s “Life in the Wild” Project Approved

Fowler contract signed, binder paid
Jay Felsberg, Managing Editor Freedom Florida Communications
2007-08-07 20:47:00
Holmes County Development Commission approved a contract with Jim Fowler’s Parks and Wildlife Services (PAWS) for sale of 786 acres of Commission and around Smith Lake for $3.256 million. Action was taken at the Commission’s regular meeting Tuesday night. Read more here.

Popularity: 19% [?]

7.08.07 » Moonspinner Condo SOLD! Thank you Vivian and Mike.

8-6-2007

My family and I would like to thank Vivian and Mike Foate for their dedication and expertise in helping us sell our Moonspiner condo in Panama City Beach. During our listing period, we experienced some unpredictable events from several potential buyers, but Vivian and Mike helped guide us through these situations with their timely and professional opinions. Once again our family thanks you.

Kinnaman family
Indianapolis, IN

Popularity: 19% [?]

4.08.07 » We are now posting videos of Panama City Beach properties!

 

See videos of Panama City Beach homes, condos and land for sale!

You can scroll through the movies by clicking on the film strip to the right. Then click on one to select it. Then click the ‘Play’ arrow to play the movie.

See them all CLICK HERE!

 

Popularity: 39% [?]

4.08.07 » July Real Estate Sales Data-Panama City Beach, FL

Hi folks,

I just published the real estate sales data from the Bay County MLS. See it here. Home sales and condos sales stayed about the same for both categories. However, there seems to have been a drop in residential lands sales and if the numbers hold up it is quite dramatic!

For the month of July in all of Bay County there were  Read more... (178 words, 1 image, estimated 43 secs reading time)

• 11 sales with ave asking price= $79,200

11.07.07 » Panama City-Bay County International Airport Successful Bidder

 

PANAMA CITY, Florida (July 10, 2007) — The Panama City – Bay County International Airport and Industrial District (Airport Authority) announced today it had named PCA Development, LLC, of Pittsburgh, PA, as the successful bidder for the sale of the existing 714-acre airport property in Panama City, Florida, at a purchase price of $99 million made up of $61 million in cash and an estimated $38 million in transfer fees to the Airport Authority from the future sale of property on the current site.  Read more... (95 words, 0 images, estimated 23 secs reading time)

3.07.07 » Panama City Real Estate Market Report For June

This so-called slow market sure is keeping us busy! We are getting single family homes as well as condos under contract and closed. The only thing that isn’t very active for us is residential lots and vacant land sales.

Investors and buyers should note that there is a large inventory of lots and lands available in Bay County. Prices have come down a lot! For more details see the Market Data from the Bay County MLS.  Read more... (320 words, 1 image, estimated 1:17 mins reading time)

1.06.07 » Panama City Florida-Real Estate Market Information for May

 

Hi folks and good day,

This morning I posted the Panama City real estate market information for May 2007.

First let me say that it is still a VERY strong BUYERS market for ALL property types! Investors should get off the sidelines and get busy identifying and evaluating potential investment property types. There are GREAT buys in the condo market, single family homes and vacant residential lots and land.  Read more... (575 words, 1 image, estimated 2:18 mins reading time)

26.05.07 » Panama City-Bay County Airport-More Good News!

The Federal Aviation Administration gave $72 million to the Panama City-Bay County International Airport on Friday 05-25-2007, for its relocation to West Bay.

Robert Chapman, manager of the FAA’s airports division, announced the grant in a letter, The News Herald in Panama City reported.

“In conducting its funding analysis, FAA determined that both physical and environmental restrictions at the existing site make it impractical and extremely costly to update to meet FAA standards,” Chapman wrote. “Even if FAA were to upgrade the existing site, it would still not result in an airfield that fully complied with FAA standards.”  Read more... (142 words, 1 image, estimated 34 secs reading time)