Hi, Beverly!!!
As a real estate agent, property investor and fellow resident of Anastasia Island--you will absolutely love living in St Augustine! I have invested in local property here for close to 14 years, specializing in downtown and on the island--especially waterfront. We live on the intraocoastal--looking back at town--and couldn't be happier! Homes run slightly higher than other parts of Northeast Florida, as the quality of life and all that St Aug offers is head and shoulders above outlying communities.
The prices haven't seemed this affordable since I first moved here in 1996. Cute island houses start at about $200,000. Waterfront starts at $800,000. Townhomes and condos cheaper. Wish you lots of luck--email me if I might be able to help you!
CeCe Reigle
Century 21 A1A Realty
(904) 315-3150

Hi Beverly,

The Commodores Club is nice but it is a neighborhood that is under valued for a reason. I have had several listings in that neighborhood and it is always a hard sale. Commodores Club will always be under valued then the rest of Anastasia Island. Short term rentals is NOT an option in this neighborhood.

The Island is already turning around for an investment. If you are looking for an investment you will be better off buying in another neighborhood on the island then the Commodores Club.

I hope this helps.

It's a good life,

John McElroy
904-540-9500
Premier Properties
Realty Group Inc http://www.JohnMyHomeAgent.com
JohnMyHomeAgent@Gmail.com

John McElroy was the RE/MAX Rookie of the Year for 2007. In 2008, John finished in the top 30 Realtors for St Johns County and was awarded the prestigious RE/MAX 100% Club Award. Jacksonville Homebuyer Magazine named John a FIVE STAR Best in Client Satisfaction Real Estate Agent for 2009. John specializes in helping sellers and buyers find their way in this difficult market.

Actually, Beverly... the real estate recover has already started in Anastasia Island. In the last several months the inventory has dropped sharply and the median price has gone up by about 9% in the past 4 months.

Take a look at this website for more information about the Anastasia Island market and a more in depth market analysis report.

Your real estate agent should be able to pull comps in that subdivision (i.e. what has sold in the past few months and for how much) and tell you if it would be a good buy. If you don't have an agent, I'll be happy to do this work for you!

Thanks

Phil Orrill
Broker-Associate
New World Realty & Property Management, Inc
St Augustine, Florida
Cell: (904) 377-1016
Certified International Property Specialist (CIPS)
Accredited Buyer Representative (ABR)
Transnational Referral Certification (TRC) http://www.homesinstaug.com