REAL ESTATE: BIG DEALS CLOSE DURING FOURTH QUARTER ON AMELIA ISLAND
It appears the year 2013 is ending on a good note, especially for Realtors involved with the luxury home market on Amelia Island, Florida.
Revived interest in high-end homes on Amelia Island resulted a couple of sales above $4 million that closed during the fourth quarter of 2013. This is significant, considering the long period — about seven years — when zero sales surpassed the $4 million mark.
The more recent home sale at $4.1 million (brokered by Manormor Sotheby’s International Realty of Jacksonville), was a Dunes Row property located within Omni Amelia Island Plantation. (The breathtaking waterfront view along the Atlantic Ocean is pictured above and an aerial of the location below.)
According to Jeffrey Chefan of Manormor Sotheby’s International Realty (as reported by Ashley Gurbal Kritzer of the Jacksonville Business Journal Dec. 11, 2013, see full article), the other home sold on Amelia Island closed in October 2013 for $4.2 million. These two luxury homes (both located oceanfront on the southend of Amelia Island), were reportedly the first residential sales above $4 million since the year 2006.
That’s a long gap, indicative of the historic real estate crash, and now, a recovery underway.