Residential News

What Rich Millennials Want in a Luxury Home

Source: Bloomberg
Posted by Dreyer & Associates on February 22, 2018 in  Bloomberg  Luxury Housing Market  Millenials
A new generation of affluent homebuyers powered by a surge in inherited wealth is driving the luxury-home market, demanding larger spaces and fancier finishes, according to a report heralding “the rise of the new aristocracy.”Prospective homebuyers under 50 account for most of those shopping for homes priced at $1 million or more, according to the report. Nearly a quarter of high-net-worth consumers between 25 and 49 said they would look for at least 20,000 square feet when they made their nex... read more
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BREVARD COUNTY - Melbourne has been ranked as one of Florida’s healthiest housing markets according to an assessment released by SmartAsset. The financial technology company reported that West Melbourne ranks No. 1 and Melbourne ranks No. 4 in its fourth annual “Healthiest Housing Market Study.” The study analyzes market health by the average number of years residents live in the homes, their values, effortlessness of sale and various expenses associated with ownership. The less amount of time a... read more
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Last week's $9 million sale of the Meander estate on Merritt Island's South Tropical Trail turned heads on the Space Coast and had people asking a few questions. Who is the buyer? As of of this moment, it's not known and the real estate people involved in the transaction aren't saying. Will it lead to similarly priced sales? Probably not. The Space Coast isn't the "Gold Coast" and residential real estate transactions of that size are fairly rare. What about homes in the $1 million to $3 million range? Well... read more
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TITUSVILLE — Titusville is getting a new, five-story hotel. BBL Hospitality announced it will begin construction on a new Hyatt Place hotel in the planned industrial park of Riverfront Center in Titusville, near the road leading to Kennedy Space Center and adjacent to the Boeing office facility on U.S. 1. The 118-room hotel is aimed at business and leisure travelers. The property will feature a fifth-floor private viewing room to observe rocket launches from KSC and Cape Canaveral A... read more
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Port Canaveral OKs $17.9M contract to help develop its 'spaceport' for SpaceX, Blue Origin

Source: Florida Today
Posted by Dreyer & Associates on January 30, 2018 in  Blue Origin  Port Canaveral  SpaceX
Port Canaveral will be spending nearly $18 million on the first phase of a cargo berth project that will help provide facilities for the commercial space industry. That will include areas for the recovery and reuse of rockets. This project is part of $78.96 million in proposed projects related to a "spaceport" component of Port Canaveral's 30-year master plan that port commissioners unanimously approved last week. At the same meeting, port commissioners unanimously approved a staff recommendation to award a... read more
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