News Summary
The real estate market in Northeast Florida is experiencing a notable increase in transactions, particularly in St. Johns and Duval Counties. Significant properties, including the World Golf Village Renaissance St. Augustine Resort and Candlewood Suites, have changed hands, reflecting renewed interest in both residential and commercial investments. This trend is highlighted by various strategic acquisitions and ongoing development projects aimed at addressing the region’s growing demand for housing and urban properties, indicative of a vibrant and evolving market landscape.
ST. JOHNS County, FL – A marked increase in real estate transactions has emerged in Northeast Florida as multiple properties have changed hands, signaling evolving market dynamics. The recent surge highlights renewed interest in both commercial and residential properties, with significant transactions noted across St. Johns and Duval Counties.
Key Property Transactions in St. Johns County
In St. Johns County, the World Golf Village Renaissance St. Augustine Resort has been acquired by St. Augustine Lodging Associates LLC from Atrium Finance IV. This property, boasting a parcel size of 1.61 acres and a substantial building size of 287,796 square feet, underscores the area’s appeal as a tourist destination.
Another notable transaction involves the sale of rental weeks at the Resort at World Golf Village, sold by Bluegreen Vacations Unlimited Inc. to Vacation Trust Inc., demonstrating a stable interest in vacation rental investments.
Notable Sales in Duval County
Duval County has also seen activity in the real estate market, highlighted by the purchase of the Candlewood Suites located at 2073 Mayport Road, Jacksonville. Butler Lodging LLC has taken ownership of this 31,693 square-foot property from Mayport Lodging 2 Inc. on a 1.13-acre parcel.
Further transactions included the sale of a collection of properties in the heart of Jacksonville: various commercial plots, a church, and a parking lot on West Ashley Street, acquired by North Core 904 LLC from EJPC LLC, spanning a total parcel size of 1.16 acres. This reflects ongoing development and investment interest in urban properties.
Additionally, the Glen Kernan Parkway witnessed a shift as Mattamy Jacksonville LLC purchased 3.8 acres of planned residential land from Hodges Properties I LLC, which aligns with increasing housing demands in the area.
Education was also a major investment focus with the purchase of two adjoining lots at 1824 and 1866 Dean Road, Jacksonville. The Islamic Center of Northeast Florida Inc. bought this 6.35-acre property, previously sold for $2,700,000 in 2024, indicating the growing significance of educational facilities in the region.
Smaller Transactions and Future Developments
Commercial and office spaces were not left out of this activity. North Core 904 LLC made a strategic acquisition at 331 W. Ashley St., a commercial property on a 0.48-acre parcel previously owned by AWP331 LLC. Additionally, Big Swole Holdings LLC purchased an office building at 2443 St. Johns Bluff Road S., indicating a continued interest in the commercial sector.
Even smaller transactions such as Knox Property Group LLC’s acquisition of a 0.42-acre warehouse at 146 Levy Road in Atlantic Beach from Tension Minefield Holdings LLC signify the ongoing vibrancy of the local property market. With the previous sale of the warehouse being only $225,000 in 1999, this transaction portrays a significant appreciation in value over the years.
Jax Construction Holdings LLC has also engaged in the acquisition of six residential lots in the Southeast Residential Phase 2A at Stillwood Pine Boulevard, which indicates that the growth of residential developments remains a priority amidst these changing market dynamics.
Contextual Background
The increased volume of real estate transactions across Northeast Florida reflects broader trends within the state, where a growing population and economic recovery from the pandemic are sparking heightened interest in both residential and commercial properties. This shift is expected to have lasting implications for the local real estate market as developers, investors, and homeowners navigate the changing landscape.
As the region continues to grow, stakeholders are keenly observing these market movements to gain insights into future trends, making Northeast Florida real estate a focal point for potential investment and development opportunities.
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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
Author: STAFF HERE MILWAUKEE WRITER
MILWAUKEE STAFF WRITER The MILWAUKEE STAFF WRITER represents the experienced team at HEREMilwaukee.com, your go-to source for actionable local news and information in Milwaukee, Milwaukee County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Summerfest, Milwaukee Film Festival, and the Milwaukee Boat Show. Our coverage extends to key organizations like the Metropolitan Milwaukee Association of Commerce and Visit Milwaukee, plus leading businesses in manufacturing and brewing that power the local economy such as Harley-Davidson and MillerCoors. As part of the broader HERE network, we provide comprehensive, credible insights into Wisconsin's dynamic landscape.
