Northeast Florida Real Estate Market Sees Surge in Transactions

News Summary

Northeast Florida has experienced a notable increase in real estate transactions, particularly in St. Johns and Duval counties. Key sales include the World Golf Village Renaissance Resort and various commercial properties in Duval County, reflecting strong interest from investors and developers. The market trend indicates growing investment opportunities across diverse sectors, as both commercial and residential properties attract significant attention. Overall, this activity highlights the evolving landscape of the region’s real estate market.

St. Augustine, FL – A significant surge in real estate transactions has been recorded across Northeast Florida, reflecting evolving market dynamics in the region. Recent data shows multiple substantial sales in St. Johns and Duval counties, indicating sustained interest from investors and developers in the area.

Key Transactions in St. Johns County

In St. Johns County, notable transactions include the sale of the World Golf Village Renaissance St. Augustine Resort, located at 500 S. Legacy Trail. The parcel, covering 1.61 acres with a building size of 287,796 square feet, was purchased by St. Augustine Lodging Associates LLC from Atrium Finance IV. Another significant deal was the acquisition of rental weeks at the Resort at World Golf Village, with Vacation Trust Inc. buying from Bluegreen Vacations Unlimited Inc..

Diverse Investments in Duval County

Duval County has also seen a variety of real estate transactions, reflecting the growing appetite for investment in both commercial and residential sectors. The Candlewood Suites located at 2073 Mayport Road, Jacksonville, was sold to Butler Lodging LLC by Mayport Lodging 2 Inc. This property spans 1.13 acres and features a building size of 31,693 square feet.

Additionally, three properties located at 211, 241, and 225 W. Ashley St., 604 N. Hogan St., and West Beaver Street were sold to North Core 904 LLC from EJPC LLC, covering 1.16 acres that include a commercial building, a church, and a parking lot. Another key transaction involves Glen Kernan Parkway, where Mattamy Jacksonville LLC acquired a planned residential site of 3.8 acres from Hodges Properties I LLC.

Further transactions of interest include the purchase of a former school property on 1824 and 1866 Dean Road, Jacksonville by Islamic Center of Northeast Florida Inc. This site spans 6.35 acres and includes a building size of 52,346 square feet. It was previously sold for $2.7 million in 2024.

Additional Noteworthy Deals

Other noteworthy transactions in Duval County include:

• The commercial property at 331 W. Ashley St., Jacksonville, purchased by North Core 904 LLC from AWP331 LLC.
• Commercial office space at 2443 St. Johns Bluff Road S., Jacksonville, sold to Big Swole Holdings LLC from Kenney LLC, which was previously sold in 2005 for $525,000.
• A warehouse at 146 Levy Road, Atlantic Beach, acquired by Knox Property Group LLC from Tension Minefield Holdings LLC, a property that has appreciated from a previous sale price of $225,000 in 1999.
• And six residential lots located on Stillwood Pine Boulevard, Jacksonville, bought by Jax Construction Holdings LLC from CND-ICI SEQ LLC.

Conclusion

This recent activity in Northeast Florida’s real estate market underlines a growing trend of investment and development across various sectors. While the region continues to evolve, these transactions highlight the compelling opportunities available for investors and the potential for further development in a rapidly changing market environment.

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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