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Tamaya on Beach Boulevard, one of several high newer end developments between I-295 and the Beaches.
Tamaya on Beach Boulevard, between I-295 and the Beaches.

Back in April, ICI Homes unveiled its pre-construction pricing in Tamaya, the new 2,400 home, master planned community about half way between Downtown and the Jacksonville Beaches. Much has been made about the cool Mediterranean style ICI Homes is known for, in neighborhoods like Palermo, and the [future] Siena development in Nocatee. What about location? That’s pretty unique as well. 
 
Neighborhoods like Wolf Creek, Jacksonville Golf and Country Club and Highland Glen are convincing high end Jacksonville Home buyers that you can live in luxury in what Jacksonville natives sometimes refer to (in the pejorative sense) as the “Southside.”  Every luxury development has its hook. In Ponte Vedra, there’s the beach. In Deerwood, the St. John’s Town Center, and Old San Jose and Palazzo in San Marco/San Jose make for a quick trip downtown. But where’s the happy medium? 
 

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Av Homes is the newest builder to come to town and build in Nocatee.

 

AV Homes will offer a mix of styles in Cypress Trails
AV Homes will offer several home styles in CypressTrails Nocatee.

The list of Jacksonville new home builders is growing as AV Homes sets up to build in Nocatee’s Cypress Trails neighborhood. With a December opening planned, AV Homes moves into Nocatee Cypress Trails with six home designs, ranging from 1,750 to 2,720 square feet. They’ll offer one and two story floorplans with an eclectic mix of styles from Craftsmen to Tuscan.  

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New 10,000 sq ft amenity center breaking ground at Tamaya
New 10,000 sq ft amenity center breaking ground at Tamaya, between Downtown and the Beaches.
 
Like its Tuscan Style, super-luxurious new homes in Tamaya, ICI Homes is breaking ground for an amenity center that should fit right in. Almost exactly between Jacksonville’s Downtown and the Beaches, ICI Homes will begin work this fall on the $10-million Tamaya amenity center, with an 11,000 square foot clubhouse, multiple pools, tennis, fitness (4,500 square feet on its own), and a huge multi-purpose outdoor event lawn.  

 

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Pending Homes Sales up in July
Jacksonville new home construction growth in a contributing factor for higher PHSI in the South.
 
The Jacksonville new home construction market is no doubt helping boost the overall Pending Home Sales Index (PHSI), which is a forward-looking indicator based on contract signings. The PHSI climbed 3.3 percent to 105.9 in July from 102.5 in June. The index is at its highest level since August 2013 (107.1). A PHSI of about 100 is considered an average.
Square footage matters. 200 square feet free from ICI Homes
    Square footage matters. 200 square feet free from ICI Homes.
 
In Julington Creek, ICI has Magnolia Preserve and Plantation Grove. In Magnolia Preserve, they're offering to match buyers who purchase 200 square feet of extra space, with another 200 square feet for free. You've see free kitchen packages, free appliance premiums, even waived lot premiums, but this might be a new one in Jacksonville new construction offers.
 
ICI beginning to release its 85 lots at Siena Nocatee.
ICI beginning to release its 85 lots at Siena Nocatee.

Nocatee's Siena neighborhood is beginning to show signs of life. ICI Homes is preparing to begin sales of these long-awaited 85 prime home lots in the heart of Nocatee. ICI offers a variety of floor plans from 1,500 to 3,000+ square feet. 
 
ICI offers three distinct formats --  40 ft lots with a rear alley, 50 ft lots with front garages, and 50 ft lots with rear garages, both detached and attached. 
 
The Lucca model, Siena at Nocatee
The Lucca, 2,866 sq ft,  largest ICI home at Siena. This 2-story, four bedroom home will feature an entry tower, spiral staircase, separate multi-purpose room.
 
 
The Capri model by ICI at Seina, Nocatee
The Capri, 1,743 sq ft, cottage-style, 3 bedroom, 1-story, rear alley garage entry. 
 
The Seville model by ICI at Siena Nocatee
The Seville, 2,472 sq ft with an open courtyard that connects to the backyard, all bedrooms upstairs.

 

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Living large is the trend for new construction homes in Jacksonville.
Living large is the trend for new construction homes in Jacksonville.
 
Jacksonville new construction is big, literally. As a measure of how large a home you can buy for your money, low price per square foot is typically the metric used. Jacksonville new construction homes are some of the lowest price-per-square-foot in the nation, averaging about $233 per square foot, bested only by Oklahoma City and Dallas/Ft. Worth.
 

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Nocatee is Jacksonville's most nationally recognized master planned community.
Hold your horses. Hang onto your zip line. NewHomesNocatee.com is here.
 
For folks searching for new homes in Nocatee, they're finding that Nocatee is now practically synonymous with Jacksonville Real Estate. For those coming to Jacksonville from other parts of the country, it’s often the first place they ask about when they’re thinking about buying a new home in Jacksonville. Start the research and you can get overwhelmed quickly.

 
Searching for real estate search in Nocatee -- it can be a wild ride.
Thrilling, no? So much cool stuff to do at Nocatee.
 
That’s why we’re rolling out “NewHomesNocatee.com,” a new website provided by your friends here at Bloom Realty.  We’ve filled it with all things relevant to shoppng for a new home in Nocatee: the builders, the styles, formats, neighborhoods, buyer incentives, price points and amenities, and on and on. You want to live closer to the zip line or the horses? Fine. You want to jump from the zip line onto the horse? You can’t do that.
 

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Scary, home mortgage rates could climb by end of 2014.
Scary. Home Mortgage rates could be edging closer to 5% by the end of 2014. 

Low mortgage rates have been a great incentive to buy a home. An even greater incentive is the threat of high mortgage rates. In October, the Fed will make a stealthy move that could hit you right in the mortgage payment.

Fed policy is really boring, but suffice it to say at least they've kept mortgage rates low by buying Mortgage Backed Securities. When the Fed buys these assets, the Fed gets fatter. It loans more money to banks. Banks get fatter. They loan more money to people like you and me. We buy things like houses.  
The Palazzo at St. Johns re-emerges
The Palazzo at St. Johns is the new iteration of the Goodby's Creek luxury condo development at Baymeadows and San Jose.

The Palazzo on St. Johns is a testament to the revitalization of new condo construction in Jacksonville real estate. Originally constructed as The Cove at St. Johns at San Jose and Baymeadows, all progress stopped in 2010 during the market slump (along with progress on The Shipyards, Berkman Plaza II, East San Marco, etc.)  In September 2013, it re-emerged with a new owner and a new name -- The Palazzo on St. Johns. (Berkman Plaza II now planning to re-emerge as well, halted in 2007).
 

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