"Each problem has hidden in it"

"an opportunity so powerful that it literally dwarfs the problem.  The greatest success stories were created by people who recognized a problem and turned it into an opportunity."  Joseph Sugarman

There are several opportunities right here in Cocoa Beach.  The canal home on Trinidad Rd, which is a 3/2 and priced at $284,900 is now under contract.

However some new listings have definite possibilites.

29 Riverview Ln is a foreclosure and priced at $319,900.  This home is a 3/2 on a canal with a pool and 2 car garage.

49 Crystal River Dr is a large 4/2 with 2395 square feet on the canal with pool.  This home is priced at $325,000 and sits on a 1/4 acre lot.

Enjoy your Sunday
Jim Bagwell

"Spend 80% of your time"

"focusing on the opportunites of tomorrow rather than the problems of yesterday"  Brian Tracy 

As of this writing there are now 41 single family homes on the market in Cocoa Beach/Cape Canaveral.  Priced from $124,900 all the way up to $1,400,000.  28 of these homes are on the water and naturally these are the higher priced homes.

One of properties is very interesting.  A home on Nassau Road has been on the market for years and originally was listed at $1,400,000 with the main house and a cottage sitting on .71 acre on the Banana River.  The property has fantastic views with a pool. 
This property is now listed as two separate properties with the main house on 1 lot listed at $859,000 and the cottage listed on another at $500,000 and after you split the property the cottage would sit on a lot 80' wide and around 180' deep.  Together they would be $1,359,000 or a $41,000 reduction on the original listing.  The cottage is described as historical, built in 1963 I don't know why it is historical.

I believe it would be much better with highest and best use of the property to leave as one property and lower the price to market value.

Jim Bagwell

"I'd rather be strongly wrong than weakly right"

Tallulah Bankhead

Picture is of a waterfront listing we have on Bahama in Cocoa Beach.  4 bedroom 2 bath with pool, canal and the price is reduced to $380,000.

Our inventory of single family homes in Cocoa Beach is now down to 35 homes.  This is getting rather low. 

Of these listings 26 are on the water either canal, river or ocean.  These homes are priced from $249,900 to $1,399,000.  Only 5 are over $1,000,000 which is a lower number than usual with 2 of these on the river and 3 on the ocean.

That leaves 9 homes not on the water and priced from $249,900 to $479,900 and a couple of these are dogs.  The one at $479,900 is a 2 story home with mother in law suite that is 250' from the ocean, I think this one is definitely worth a look.

Even though the mortgage rates have risen a little bit, under 4% is still possible so buying a home is definitely doable for many more people.

Jim Bagwell
321-213-0615   

"American Woman"

"Stay away from me"  The Guess Who , did you know they wrote and performed that song adlib on the stage at a concert and only saved it because they confiscated a bootleg tape from a kid.

Thousand Islands Cocoa Beach
One of the more popular homes in Cocoa Beach and Merritt Island is a moderately priced waterfront home.

In Cocoa Beach this year there are currently 23 waterfront homes on the market priced from $261,000 to $1,399,000.  So far this year there have been 44 waterfront homes sold from $160,000 to $1.250,000.  They don't last long.

Everyone needs listings as our inventory continues to shrink.

As we say at Walker Bagwell Properties "you can eat fast food or eat gourmet, you can also list with a franchise or list with a personal real estate company"

Did you know that Realogy owns Better Homes and Garden Real Estate, Century 21, Coldwell Banker, ERA and Sotheby's International Realty? 

Jim Bagwell
321-213-0615

"A wise man will make more opportunities than he finds"

Francois Bacon

A lot of people haven't heard of the FHA program that is called a 203K. This is a situation when you are purchasing a house that needs a lot of work. You can get a deal done on the house for an acceptable price and then you can get a contractor in to give you estimates for the work to be done and this can include upgrades like granite, stainless and most other upgrades. You then tell your lender that you want this much money in the 203K. The extra money is held in escrow and you take construction draws as you do the work. You have 6 months to complete the repairs and you can defer payments until you are finished at that time they will reappraise the property and your mortgage payments will begin at that time.

A perfect home for this mortgage would have been a canal front home in Cocoa Beach with a pool that was listed at $169,000. If you put a $100,000 in this home it would be a beautiful home with a pool on the canal for $269,000 or about $50,000 under market value. Unfortunately this home is now under contract.

Peace out Friends!

Jim Bagwell

"He bag production he got walrus gumboot"

"He got one sideboard he got spinal cracker He got feet down below his knee" The Beatles Now what could that mean?

Milford point on Merritt Island


Since our last post there have been 17 new listings on the water in Merritt Island and beachside. These are priced from $188,900 to $859,900. The most interesting home is the one at $859,900. This home has been on the market since 2009 and the owners are now on their 3rd realtor. It has been priced from $750,000 all the way to $1,400,000. There is a home with a pool on the property plus what is called an historical cottage. The home sits on .71 acre on the river but all other homes around it are on normal sized lots. It just might be the price not the realtor that needs to change.

During this same time frame there have been 19 waterfront homes sold. These homes range in price from $139,000 to $565,000.

This is why the waterfront home inventory in this area is shrinking which is a good thing for the seller. It is getting to be more and more difficult to find the right home for our buyers.

If you have been contemplating selling your home, this could be a very good time to sell. Call your realtor for a comparative market analysis.

Jim Bagwell

" I would rather laugh with the sinners than cry with the Saints"

"sinners are much more fun" Billy Joel

Picture is a view of the Banana River from the Constellation condos


The single family home market still is rather exciting these days to say the least. On the beach area our inventory is still shrinking with waterfront homes that are priced right are closing rather quickly.

In the last 2 weeks we have had 2 canal front homes close in Cocoa Beach. The 1st was priced at $214,000 as a foreclosure, closed in one month for $214,000. This home was small with 1356 sq. ft. but does have a pool and of course needs cosmetics.

The 2nd home had 1521 sq. ft. and was move in condition. This home was listed at $269,900 and sold for $254,000; this home was on the market for 2 months. As you can see this is why our inventory is shrinking.

A couple of new listings are worth taking a look at as in my opinion could be good buys.

The 1st is in the Snug Harbor section of Cocoa Beach. The home is a short sale and needs a lot of work but priced at $279,000. This home is on a canal with 1764 sq. ft. and sits on .36 of an acre so there is room to expand or put in a pool. The 2nd is in the river Isles section in Cocoa Beach. This home has 1772 sq. ft. on a canal priced at $324,900. The home has been upgraded so you could move right in and enjoy the life.

With lower prices and the mortgage rate being the lowest in history, this has proven to a good time for the serious seller and the buyer.

Jim Bagwell