New home for the price of a late model resale? Worth a look.

In the 2014 - 2015 housing rebound, some homebuyers are discovering that you can buy a new construction home at roughly the same price as a late model re-sale. This most likely will apply to spec or "move-in ready" new homes, but in rare cases, even to-be-built models.   This is especially true in communities that slowed their growth -- even stopped building --  in 2010 and 2011, and are now building more new models with a price tag to match their three to four-year-old counterparts in the same neighborhood.   Unlike cars that lose value when their driven off the lot, re-sales move up and down with the market. The brand new home must be competitive with a resale down the street,…

Crosswater at Pablo Bay has been busy from day one, breaking ground in September, 2013.

Four of the area’s biggest homebuilders converged on the tract of land that is now Crosswater at Pablo Bay, just down the street from the Mayo Clinic on San Pablo Road. What they've created has turned out to be a huge success.

Cornerstone, Providence, Mattamy, and David Weekley have all experienced robust sales, with some builders looking at the successful end of a great run, as they come close to being fully sold out.   

Providence, for example, has only five remaining inventory homes left in Crosswater. They sold 54 out of 59 homes in Phases One and Two.

Crosswater at Pablo Bay is just off San Pablo Road about a mile from J. Turner Butler Boulevard, not

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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…