General Area in Jacksonville>Question Details

nicholaswalk…, Home Buyer in 07920

Is Nocatee worth looking at? Reads nice on paper.

Asked by nicholaswalker, 07920 Wed Jun 13, 2012

Help the community by answering this question:

Answers

11
Here is some hard truth for all the folks that care about their money and don't want realty sugar coated...

First, let's acknowledge that Lennar Builders employs people to post on these blogs as home owners as part of their overall marketing strategy and that is why some posts read like a giant commercial.

They are aggressively pursuing Number 1 selling community status so they can continue to increase their prices = smart business plan. Make no mistake, this development is a bubble. In fact, it is a huge bubble. Given the average selling price of homes in PV and the outlook of more communities being built, coupled with the fact that the trend in Florida is to buy up every couple of years -- and BTW, the employment rate here is awful - you indeed have a bubble formed.

From the data, it is clear that these prices will be down significantly by January 2014 and come crashing down in the fourth quarter of 2015 -- leveling out by 2017 at much lower prices. Currently in Nocatee, the lowest selling point so far was April 2014. As it stands today, mid-August 2014, the home prices have increased to capitalize on the new Nocatee school opening, which forced school zoning changes and some local parents chose to move closer to the new school their kids are going to. So, if you look at the data, homes in Nocatee have increased 20K-40K in a period of 5 months. The Nocatee school is already at capacity, but they are continuing to add to the classes. Because the wave of buyers was driven by a one off school zoning change event, the prices were artificially increased, which means the folks that bought in over the last couple of months will see immediate depreciation.

THE KEY HERE: Builders are driving prices up by intentionally keeping inventory low. As soon as they sell a little more, they build a little more. The only smart investment here is on the side of the builders who are artificially controlling a market. Case in point - if Joe Smo buys into Nocatee and then loses his job and needs to sell his house, he would be smart to sell his home just under builder price for the same, newly built house. The builder reacts by slightly lowering the price on similar new houses in close radius of Joe's home. Joe loses and is stuck. The builder moves some more homes. Joe is forced to pay off the CDD fee completely (average $20K) to sweeten then deal for a prospective buyer or lower the price on his home even more. Anyone buying into Nocatee is controlled by the builder's game for the next 20 years. No thanks!

Before you make an emotional decision about a splash park that is going to be extremely overcrowded (Lennar Builders are now offering a year pass to residents outside Nocatee at a price per year - call and verify), please consider the stability of your overall investment. Will you get a return or will you be in the hole? Which is the best decision for your family in the near term and long term - since moving to Nocatee will result in both a short term loss and a deeper longer term loss.

Please invest wisely - that is the best thing you can do for your family!
0 votes Thank Flag Link Sat Aug 16, 2014
Hi Nicholas, Nocatee is the new hot spot in the St. Johns Co./Ponte Vedra area. Good schools, close to the beach, water park, shopping, golf courses etc. I'm putting a property on the Market tomorrow located there in Austin Park. Seller purchased for $430k and is Short Selling asking $265k. Move in ready. Contact me if you'd like to take a look at this listing and others in the area.

Have a Great Day

John
0 votes Thank Flag Link Wed Jun 13, 2012
Absolutely! If you'd like to tour any homes of interest feel free to give me a call when you're coming into town. I can show you any home regardless of what company has the property listed. Let me know if I can help.

Jeff Metcalf, REALTOR(R)
Watson Realty Corp.
(904)495-0115
http://www.Realty2Reality.com
0 votes Thank Flag Link Wed Jun 13, 2012
To learn more about the Nocatee community, connect with us on Facebook (Nocatee Homes), Twitter (@NocateeHomes), or Pinterest (@NocateeHomes). You also can find out more information on our Youtube Channel (NocateePonteVedra) or http://www.nocatee.com.

Let us know if there are any additional questions about the area we could answer!
0 votes Thank Flag Link Wed Jun 13, 2012
It's a very nice communiy with schools, parks, libraries, recreation, offices, shopping, restaurants and more. It's certainly worth taking a look at. If you don't already have a Realtor I'd be glad to show you the community & some homes.
Thank you for you time,
Brenda Waters, Realtor
Brendawaters@bellsouth.net
(904) 707-7077
0 votes Thank Flag Link Wed Jun 13, 2012
Nocatee is a new coastal community in Northeast Florida that blends a variety of neighborhoods with schools, parks, libraries, recreation, offices, shopping, restaurants and so much more. Located in world renowned Ponte Vedra, Florida, Nocatee is just a few minutes away from pristine beaches, golf courses, business parks and major airports in downtown Jacksonville and St. Augustine. If you are looking for new home in a growing community.

There are several different neighborhoods within Nocatee with varying home floor plans and sizes.
Home pricing varies within each neighborhood and builder.

Builders are currently offering buyers great incentives on building a new home or on the purchase of a home that has already been constructed.

We are a husband and wife team that specialize in Nocatee as well as several other new communities in the surrounding area.

Please feel free to contact us anytime for detailed information.
We can send you detailed builder's information along with floor plans and pricing.

We are both life long residents of Jacksonville and know the area very well. We would love to assist you on your new home search.
Visit our website for more information on how our real estate services can assist you:
http://www.ninabay.watsonrealtycorp.com

Call or email us anytime with any questions, we look forward to assisting you in your new home search.

Nina and Bill Bay
Watson Realty Corp.
904-553-8518
email: ninabay@comcast.net
0 votes Thank Flag Link Wed Jun 13, 2012
I believe everybody has given a lot of good information. The only thing I can add is that it is the best place to get close to the beach (Ponte Vedra Beach), in St. Johns County and get a new home. For what you pay in Nocatee you will get an older, smaller home in Ponte Vedra Beach.

The beauty of the community is in the planning. You will have schools, parks, libraries, recreation, offices, shopping, restaurants and so much more So it will be it's own "self sustaining city" like other major areas around town. This makes the community very attractive when combined with the ability to get newer homes at affordable prices and the closeness to the beach.

Sales have really taken off in the area. In fact, "Nocatee (has been) ranked 14th in the 50 Top-Selling U.S. Master Planned Communities report, compiled by California-based John Burns Real Estate Consulting."
0 votes Thank Flag Link Wed Jun 13, 2012
Nocatee offers new homes at a reasonable price, great schools, and proximity to both Jacksonville and to St. Augustine. Downtown Jacksonville is a bit of a commute, but many companies are located outside of Jacksonville along the I-295 corridor.
Homes in Nocatee are built by a variety of builders, and at a variety of prices. . Please let me know if I can help you in any way.904-509-7584
http://www.JacksonvilleNeighborhood.com
0 votes Thank Flag Link Wed Jun 13, 2012
It truly is. It is a growing community. It has its own publix and high school. The communities have the best amenity centers I have ever seen, with waterslides, classes everyday for exercise or learning a skill. It is almost as if they have their own YMCA but decked out. Several differnt pools, one for babies, one for kids, one for laps and one for fun. You pay for the amenity center though so make sure you will take advantage of it. The homes are spectacular as well, you have different builders out there so you can choose from several brand new homes.

Let me know if you want to take a look. Melanie Baird - 904-304-1500 or melaniebaird12@yahoo.com
0 votes Thank Flag Link Wed Jun 13, 2012
Nocatee is really nice and growing fast, the only drawback I have heard from some of my clients is its a little far away to downtown Jax but if thats not a concern its a great area with lots to do.
0 votes Thank Flag Link Wed Jun 13, 2012
Yes, definitely, very nice homes, amenities are fantastic, "A" rated schools. One of the fastest growing communities in the entire state of Florida.

Holly Hayes
904-537-4473
0 votes Thank Flag Link Wed Jun 13, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer