Residential News

Hurricane Irma was no friend to the local real estate market last month. The storm, prior to hitting land in Florida, impeded many sales because insurers quit issuing homeowners policies. And immediately following Irma, many properties under contract for sale had to be re-inspected by appraisers to see if any storm damages would impact property values. Those delays had an impact. Homes sales fell nearly... read more
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Brevard County's tourism agency will be able to spend more money on marketing the Space Coast and on helping develop new tourism-focused capital projects, under a plan approved by county commissioners this week. Additionally, the County Commission approved plans to use some of the tourist tax money for five capital projects, including a new sports arena in Titusville, upgraded sports fields in Viera and a modern campground in Palm Bay. "It's a very big deal, as much as our community depends on tourism,... read more
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A Tennessee company paid $13.5 million for a rental housing complex in Satellite Beach and plans to convert the property to an oceanfront condominium. Memphis-based Woodshire-Brevard, LLC, acquired the 27.4-acre property along State Road A1A for $492,700 per acre. Woodshire-Brevard plans to demolish demolishing 105 existing rental houses on the site, occupied by families of military personnel stationed at nearby Patrick Air Force Base. Fontaine Group represented Woodshire-Brevard in the $13.5 million transaction... read more
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One of a kind South Merritt Island RIVER-TO-RIVER estate.Sprawling 4.5 Acres is nearly impossible to find SOUTH OF THE PINEDA CAUSEWAY! This secluded expansive home features extraordinary elegant millwork throughout. A striking two story home shows dedicated craftsmanship with coffered ceilings in both living room and dining. Lacewood mantle on fireplace. The interior rotunda with balcony on the second floor creates a dramatic entrance to the media room and upstairs ensuite bedrooms.Over 3000 square feet of porch... read more
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When it comes to getting the most for your money, the Space Coast is the No. 5 best place to live in Florida. That's according to the financial technology company SmartAsset, which recently released a study on Florida comparing median incomes and cost-of-living data nationwide to find the counties where people have the most purchasing power. SmartAsset put Brevard County's annual cost of living at $31,229 and the area's median income at $48,925 a year. That gives Brevard a "purchasing power" index ... read more
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