Real Estate in Palm Coast
July 31st, 2007 | by pccre |Real estate in the new city of Palm Coast, Florida is white hot right now. Homebuyers are flocking to the new city in droves and homebuilders and developers are struggling to keep up with the immense demand while adhering to strict city regulations that were put in place to ensure that Palm Coast residential, industrial, and commercial development accentuate and not encroach upon the natural beauty of the surrounding untouched Florida landscape. City planners have painstakingly regulated the city of Palm Coast to continue to be one that is enjoyable to live, work and play in without developing the problems that other rapid-growth metropolitan areas have encountered.
Available Palm Coast real estate comes in several forms. Among the most popular for transplant families is the single-family home. Single family structures in Palm Coast can range in price from the low $200,000 scale to well over one million dollars so there are accommodations to fit almost any middle class and upper class budget. Mobile homes are not allowed within Palm Coast city limits as part of the effort to keep the town beautiful and scenic. Each parcel of land slated for a single family home has sewer and water utilities directly linked to the city’s utility structure and all of the main Palm Coast thoroughfares were constructed with ample bike paths and walk ways to further reiterate the feeling of community spirit. Many Palm Coast homes are located in secure, gated communities as well. Beach front property is still available, but is being snatched up rapidly and real estate prices for these properties continue to climb as the overall city appreciation escalates.
Condominiums and townhouses are also springing up in Palm Coast and the city’s new town center will house thousands of more units as well. The Palm Coast town center project will result in a vibrant commercial, civic, and residential area located in the heart of Palm Coast adjacent to the city’s new hospital, several schools, and main roadways that link the city to surrounding areas. Amenities will include shopping, grocery stores, office buildings, and a movie theater so the demand for condominiums and townhouses will be quite high as soon as they are constructed or even before.
Commercial property real estate in Palm Coast is also booming as businesses rush to meet the demands of an ever-growing consumer base located there. Though the city has passed strict ordinances that must be adhered to, much of the commercial property is renting or selling at values far above the state and national average due to tremendous growth opportunities and the influx of more middle- and upper-class buyers.