Thanks but I half recoil and half laugh when referred to as an “industry expert” as the term is so overused and abused by all the “neighborhood experts”. Just a guy with a deep experience as market analyst in prior careers 20+ years ago applying that to my passion for following real estate especially in our micro market. While I have a very strong track record with my predictions they are simply opinions albeit I like to think well informed and fact based.
Since the last BL sales in Fall I’d comfortably add at least 150 to 200K if not more without even looking at surrounding markets. Its that hot. Nice neighborhood I spent a fair amount dropping my son of to a friend whose family lives there until they all started driving. It will and should continue to do well.
Im not sure exactly where i read it, likely one of the local facebook groups but here are some things going on. The land by the Chevron is set to be developed into a bunch of single family homes. Im not sure if its a separate parcel but there was talk of a road side motel there at one time. Also just south of the Alila Marea from Robertos North there is developement under review for a variety of condos, hotel, timeshare etc. At some point its gonna get torn down and redveloped there also.
And then there is the big greenhouses at Vulcan where they proposed an ugly apartment complex that looked more like a generic assisted living facility. Hopefully something nicer designed gets put there.
I dont know the status of Hygeia/Glaucus but that is a nice large parcel that will get subdivided someday. I also wonder about the palm tree lot at Eolus and Leucadia and if someday that will get carved up.
The area is really in the midst of a renaisance and Im proud to have put together what I’d argue was the best deal anyone got west of 5 during the downturn. Sold a good friend a property that literally looks like a gated Brentwood estate for just over $1M ten years ago. Its gotta be well north of $3M now if not approaching $4M. He’s the biggest winner
