Real Estate

Bull market in Navarre area home construction

Bull market in Navarre area home construction

While the bears are growling on Wall Street, the bulls keep right on running in the Navarre area residential construction market. Home builders are experiencing strong sales and some are already buying up lots in both Navarre and Holley by the Sea, anticipating more of the same in 2016. “We’ve been out purchasing lots all […]

Luxury apartments nearing completion

Luxury apartments nearing completion

The tight rental market is about to get relief. In less than two months, the first of five buildings, along with the welcome center, will open at the Sound at Navarre. Located just east of Joybrook Road in Navarre, the property includes 250 units and boasts 303,479 square feet of building space and two underground […]

New complex offers 250 units to meet heavy demand in Navarre rental scene

New complex offers 250 units to meet heavy demand in Navarre rental scene

With a tight rental market and the only two area apartment complexes at 100 percent capacity, the new luxury apartments being built east of Joybrook Road in Navarre can’t be completed fast enough to satisfy the marketplace, but an opening in one year will have to suffice. With 303,479 square feet of building space, two underground parking garages and 250 units, the complex is one of the largest projects Navarre […]

Property owners could get tax credit for energy efficient improvements

Property owners could get tax credit for energy efficient improvements

Property owners in Santa Rosa County may soon be able to get property tax credit for certain improvements made to homes or commercial property. The Florida Property Assessed Clean Energy (PACE) Funding Agency is working with county officials to provide a funding mechanism for storm hardening and energy efficiency improvements. “It’s an opportunity for homeowners to make improvements to their home,” said Hunter […]

New construction boosts county budget

New construction boosts county budget

Santa Rosa County’s property tax base has grown 5.1 percent, boosting the fiscal year 2015 budget to $104 million. That’s more than a $2 million increase over the current fiscal year, which ends Sept. 30. Some of the additional funds will be used to increase pay for deputies by $1,000 each and provide merit raises for county employees who pass their annual evaluations. Read more in the […]

No roll back for property taxes

No roll back for property taxes

Santa Rosa County is planning on a bigger budget for fiscal year 2015 – the second year in a row for an increase after years of declining revenue. The total budget is expected to top $103.7 million. Although that amount includes more than a $2.2 million increase in proposed property taxes, commissioners are not expected to reduce property taxes. For the past seven years commissioners have held the […]