"Sittin' in the morning sun"

"I'll be sittin' when the evening come"  Late great Otis Redding 

Beachside

This week is waterfront living on the beachside.  In 2011 there have been 6 single family homes sold in the Cocoa Beach/Cape Canaveral area.  These homes sold from $169,000 to $340,000, of these homes 4 were waterfront homes with navigable canal frontage.  We haven’t seen waterfront prices this low in a very long time.  The moral of the story is if you have ever dreamed of living in a home that you can keep the boat at back and walk to the beach then it could be time to buy. There are still 66 waterfront homes on the market priced from $224,900 all the way up to $1,499,900.  You can rest assured that a home over 1M is on the ocean since these homes are still rare. The other homes are either on the Banana River and the lower priced homes are usually on a canal. 

An interesting listing in Cocoa Beach is a bank foreclosure.  The home is on the end of a canal and listed at $399,900.  The home has been enlarged and now features 3489 sq. ft. under air and a 2 car garage.  This could be one to make an offer to the bank

Merritt Island

For those who are not familiar with our area, Merritt Island is one river over from the beachside about a 10 minute drive.  It is a very popular place for fisherman and boaters.  It is also one of the last places you can acquire some acreage with waterfront.

There have been 10 waterfront homes sold this year in Merritt Island.  These homes had sale prices between $140,000 and $415,000.  The one $415,000 home is on the Indian River and was built in 2002 with 2924 sq. ft. and almost 3 acres.

There are over 100 homes on the water listed at the present time.  These homes are priced from $97,000 all the way up $2,750,000.  Generally speaking the multi-million dollar homes are usually on the Indian River which is an inter-coastal waterway and most have over an acre of land.  The one priced at the top has 5 acres with nice river frontage and the home has been renovated.

One that caught my eye is on the east side of Merritt Island which means there are no bridges between the home and Port Canaveral with oceanfront fishing.  The home has 1828 sq. ft. with a list price of $269,000.  This makes for a very reasonably priced home for the serious fisherman or weekend dweller.

Thanks

Jim Bagwell