WELCOME LETTER
Dear Readers,
As we enjoy the vibrant summer season in the historic downtown St. Augustine, I am delighted to welcome you to our latest issue. Our community, rich in culture and history, is bustling with opportunities for both residential and commercial investments.
The St. Augustine real estate market continues to thrive, showcasing resilience and growth. Residential properties are still in demand, with families and individuals seeking the charm and convenience of our downtown area. From historic homes to modern condos, the variety and quality of living spaces cater to diverse preferences and needs.
Commercial real estate is equally promising. Our downtown area, known for its bustling tourism and local businesses, presents numerous opportunities for entrepreneurs and investors. Retail interest, driven by a unique economy and a community eager to support local ventures.
As we approach the upcoming election season, it’s important to consider how potential policy changes might impact our real estate market. Elections bring an opportunity for new developments
and improvements in infrastructure, which can further enhance our beloved downtown area. Stay informed and engaged, as our choices today will shape our community’s future.
Summer in St. Augustine is truly a special time. The warm weather invites us to explore our beautiful surroundings, from scenic beaches history. It’s also an excellent time for the real estate market, as many potential buyers and renters are actively searching for new homes and business locations during these sunny months.
In these dynamic times, having a trusted partner in real estate is invaluable. Whether you are looking to buy, sell, or invest, our team is here to provide expert guidance and personalized service. We are committed to helping you navigate the market with
Thank you for being a part of the St. Augustine community. Together, we can continue to make our downtown area a vibrant and thriving place to live, work, and invest.
Warm regards, Jena Dennis Proprietress & Broker Great Expectations Realty 904-806-4274
Publishing Corp.
Publisher Charles Zitsman Info@EstatePublishing.org
REAL ESTATE STILL HOLDSTHE TITLE OF BESTLONG-TERM INVESTMENT
Contributed by Great Expectations Realty
With all the headlines circulating about home pricesand mortgage rates, you may be asking yourself if it still makes sense to buy a home right now or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that investing in a home is still a powerful decision.
According to the experts at Gallup, real estate has been crowned the top longterm investment for a whopping 12 years in a row. It has consistently beaten other investment types like gold, stocks, and bonds. Just look at the graph below – it speaks volumes:
But why does real estate continue to reign supreme as a top-notch long-term investment? It’s because, even today, buying a home can be your golden ticket to building wealth over time.
Unlike other investments, which can feel like riding a rollercoaster with all the ups and downs and ongoing risk factors, real estate follows a more predictable and positive pattern.
History shows home values usually rise. And while prices
may vary by market, that means as time goes by, your house is likely to appreciate. And that helps you grow your net worth in a big way. As an article from Realtor.com explains:
“Homeownership has long been tied to building wealth— and for good reason. Instead of throwing rent money out the window each month, owning a home allows you to build home equity. And over time, equity can turn your mortgage debt into a sizeable asset.”
So, if you’re on the fence about whether to rent or buy, remember that real estate was consistently voted the best long-term investment for a reason. And if you want to get in on that action, it may make sense to go ahead and buy (if you’re ready and able).
Bottom Line
When it comes to building wealth that stands the test of time, real estate is the name of the game. If you’re ready to start your own homeownership journey, let’s connect today.
NEWTO REAL ESTATE INVESTING?
Contributed by Townsend Russell, Great Expectations Realty
The really good real estate investors have great stories about taking hits and losses. They learn from the school of whoops. Sometimes, the defeats are crushing, but more often than not, they are lessons in how to be better.
I love investing because it is rarely straight forward.
variables, and challenges that get my adrenaline going. I love talking to investors because those stories of mistakes are not only learning lessons for them but for me as well!
I typically give new investors the same advice: Do it! Make sure you work the math and are prepared to do actual work. But do it!
There are all sorts of ways to invest in real estate, including deals, doing the work, coming
can see it through to the end. It’s no fun to get to the end of a one-year rehab on a hard money loan and realize you spent a year pushing the work and are breaking even while the hard money lender made $25,000.
Pay attention to things like tax bills that will increase, management fees, marketing costs, and tax rates on the fruits of your labor.
For new investors borrowing money, I stress math real hard. Know how much you are actually paying in interest. Structure the debt so that you
push all contractors and wreck timelines.
Build in margin for error and build in your time value. If you are doing labor, ensure you track and count those hours at a fair rate. It’s easy to not pay attention and run yourself ragged.
Build loyalty with other industry pros. Relationships are huge in this business.
Plan on taking longer than you expect and spending more than you expect. Plan on people you pay delaying the project because of schedules. It happens. One wrinkle can
and how you get squeezed into schedules. Be loyal to them, and they will often return the favor. This is no time to be passive, either. If you have deadlines, make sure you are over. Delays will happen, but
if you are not on the ball, you become an easy project to kick down the schedule.
Research zoning, land use, deed restriction, and neighborhood or jurisdiction rules on renting and building. Know the laws for dealing with tenants who won’t leave and squatting sellers. Lucky for us, we live in Florida, where we don’t have the crazy stories of other jurisdictions. Find a good background check system and have a pro review your lease agreements.
There are all sorts of variables. It takes doing it to really grasp it all. So, align yourself with a pro and get started!
MASTERING THE ART OF REAL ESTATE:
THE INDISPENSABLE QUALITIES OF ACONTRACT-SAVVY AGENT
Contributed by Steve Walt, Broker at Great Expectations Realty
In the fast-paced and intricate realm of real estate, the role of a good agent goes far beyond just helping Customers buy or sell properties. Mastering the art of contracts is one of the most critical aspects of being a successful real estate agent. This article delves into the key qualities that make a real estate agent excellent and exceptional, particularly in their understanding and application of contract knowledge.
1.Comprehensive Understanding of Real Estate Contracts:
A good real estate agent possesses an in-depth understanding of the
legalities and nuances of real estate contracts. This includes familiarity with state and local laws and a keen eye for detail to ensure that contracts are accurate, thorough, and legally sound.
2. Effective Communication Skills:
Contract negotiations require clear and concise communication. A skilled agent comprehends the complexities of contracts and can explain these intricacies to Customers in an easily understandable way. Open and transparent communication helps informed throughout the process.
3. Negotiation Expertise:
Negotiating terms within a real estate contract is an art form. Good agents have honed their negotiation skills to secure the best possible customer outcomes. This includes price negotiations and navigating contingencies, repairs, and other crucial elements of the contract.
4. Attention to Legal Compliance:
A web of legalities binds real estate transactions, and a good agent ensures strict adherence to all relevant laws and regulations. This includes compliance with fair housing laws, disclosure requirements,
and other legal obligations to protect buyers and sellers.
5. Analytical Thinking and Problem-Solving:
Real estate contracts often present challenges that require creative problem-solving. A good agent approaches these situations
satisfy all parties involved. This skill is especially crucial when unexpected issues arise during the closing process.
6. Continuous Education and Updates:
The real estate landscape is dynamic, with laws and regulations constantly evolving. A top-tier agent is committed to continuous
education, staying abreast of changes in the legal landscape, and ensuring their knowledge is always up to date.
7. Meticulous Documentation: Accurate and meticulous documentation is the hallmark of a good agent. Attention to detail is paramount in everything from drafting contracts to maintaining records of all communications and negotiations. This protects customers and provides a solid foundation for any potential legal matters.
8. Tech-Savvy Contract Management: Embracing technology is essential for modern real estate agents.
Utilizing contract management software, electronic signatures, and other digital tools streamlines the contract process, making it risk of errors.
In conclusion, an excellent real estate agent with solid contract knowledge is a master of multiple disciplines. From legal expertise and negotiation skills to effective communication and adaptability, these qualities collectively contribute to the success of both the agent and their Customers. By embodying these traits, an agent can navigate the complexities of real estate
smooth and successful experience for all parties involved.
ASKING THE RIGHT PRICEMATTERS EVEN MORE NOW
If you’re thinking about selling your house, here’s something you really need to know. Even though it’s still a seller’s market today, you can’t pick just any price for your listing.
While home prices are still appreciating, they’re climbing at a slower pace because higher mortgage rates are putting a squeeze on buyer demand. At the same time, the supply of homes for sale is growing. That means buyers
have more options and your house may not stand out as much, if it’s not priced right.
Those two factors combined are why the asking price you set for your house is more important today than it has been in recent years.
Sellers are having to lower their prices because they haven’t adjusted their expectations to today’s market; or maybe they’re not
working with an agent who prioritizes being a local market expert.
If you want to avoid making a pricing mistake that could turn away buyers and delay your sale, you need to work with an agent who really knows your local market.
If you lean on us at Great Expectations Realty we’ll help you avoid making mistakes like:
Setting a Price That’s Too High:
Some sellers have unrealistic expectations about how much their house is worth. That’s because they base their price on their gut or their bottom line, not the data. An agent will help you base your price on facts, not opinion, so you have a better chance of hitting the mark.
Not
Considering What Houses Are Actually Selling for:
Without an agent’s help, some sellers may use the wrong comparable sales (comps) in their area and misjudge the market value of their home.
Overestimating Home Improvements:
amount of money in home improvements may overestimate how much those upgrades affect their home’s value. While certain
improvements can increase a home’s appeal, not all upgrades are going to get a great return on their investment.
Ignoring Feedback and Market Response:
Some sellers may be resistant to lowering their asking price based on feedback they’re getting in open houses. An agent will remind respond to market feedback in order to attract
In the end, accurate pricing depends on current market conditions – and only an agent has all the data and information necessary
agents use their expertise to develop a pricing strategy that’s based on current market conditions and designed to get your house sold. To avoid making a costly mistake, let’s work together.
RECENT REAL ESTATE TRANSACTIONS
ECHOES OF ODD FELLOWS HALL
RAY CHARLES AND THE RHYTHM OF LINCOLNVILLE
Contributed by Jena Dennis, Broker at Great Expectations Realty
Ray Charles is remembered in St. Augustine as a student at the Florida School for the Deaf and the Blind. FSDB isn’t the only place in St. Augustine where the late, great musical sensation left his mark.
The condominiums at 92 Washington Street, formerly known as Odd Fellows Hall, have held everything from performances by history-making musical icons, such as Ray Charles and Little Richard, to high school proms and even a furniture store.
Odd Fellows Lodge Built in 1908, the three-story building in Lincolnville was always meant to be a community meeting place. According to the Florida dedicated to a furniture store, while reserved for the Odd Fellows Hall.
where it used to host dances and other social events. In its prime, locals remember Ray Charles and other icons performing at the little building on Washington Street, which was considered a social gathering place from the ‘40s to the ‘60s.
Club Turned Condominium
provide additional outdoor space.
Now, this unique property is the newest listing of Jena Dennis, of Great Expectations Realty, and
space, currently set up as three separate residential
Unit 1 spans 1,707 sq ft and includes three bedrooms, two bathrooms, a utility room, and is designed as an artist studio with a stage and includes three bedrooms and three bathrooms.
The Independent Order of Odd Fellows was a group formed in 17th-century England.During that period, people faced many challenges like sickness, poverty, To combat the misfortune, ordinary men and women from all walks of life came together to create a common fund to disperse among its members during their time of need. The society got its name because it was considered odd to
What was the premier hot spot for Lincolnville was brought down to studs in 2005 to be fully renovated, including a new sprinkler system, an elevator, and updated plumbing & electrical systems.
In addition to hosting meetings and other events of the Odd Fellows, the building also served as a social hub for Lincolnville,
Although the building has had a facelift, a few memories are placed throughout the building, including its original ceiling tiles that were preserved and now line the interior walls and used to play his piano.
endless possibilities, allowing you to rent them as-is or potentially transform them into a restaurant,
combination of uses.
The property features a rear elevator and a front grand staircase, providing easy access space for storage. The rooftop deck offers breathtaking views of the city, while balconies on
Unit 3 offers 2,132 sq ft of living space with three bedrooms and two bathrooms. The adjacent lot allows for 9 Parking Spaces, a
The CL-1 zoning provides numerous development opportunities, allowing for a variety of commercial uses. Whether you envision a B&B, an art gallery, a mixed-use development, or maintaining the current condominium setup, the possibilities for this property are limited only by your imagination.
SAINT AUGUSTINE HAS SKELETONS INITSCLOSET.
Contributed
by Townsend Russell, Great Expectations Realty
Sweet, innocent, and beautiful Saint Augustine, Florida, the oldest continuously inhabited Europeanestablished settlement in the continental United States, is a treasure trove of history. Beneath its charming cobblestone streets and historic buildings lie secrets waiting to be uncovered. Renovations across the city frequentlyresult in remarkable discoveries: skeletal remains that offer a glimpse into the lives of its early history. These are some recent excavations.
1. Charlotte Street, 2017
In 2017, construction workers on Charlotte Street made a startling discovery: several burials believed to date back to the early Spanish colonial period. The remains, found in what was once a church
cemetery, sparked excitement among archaeologists and historians, shedding light on the burial practices
2. St. George Street, 2019
Two years later, excavation at a construction site on St. George Street led to the unearthing of multiple
from the First Spanish Period (1565-1763), provided valuable insights into the early colonial era. Each Saint Augustine’s past.
3. Aviles Street, 2020
During renovations near the historic Aviles Street in 2020, workers uncovered human remains from what
was thought to be a 16th-century cemetery associated with the early Spanish settlement.
layers of history waiting to be explored.
4. King Street, 2021
In 2021, workers unearthed several burials while installing utility lines on King Street. Preliminary analysis suggested these remains belonged to Spanish settlers from the 17th century. This discovery highlighted the constant intersection of modern development and historical preservation in Saint Augustine.
5. Hypolita Street, 2022
During the renovation of a historic home on Hypolita Street in 2022, archaeologists discovered several burials from the late 1600s, likely from an early colonial cemetery. Each skeleton told a story, adding depth to the historical narrative of the early settlers’ lives and deaths.
6. Treasury Street, 2023
During the refurbishment of a historic building on Treasury Street in 2023, workers found several burials from the 17th century, likely part of an old cemetery. The discovery offered further insights into the city’s evolving landscape and its impact on historical sites.
7. Tolomato Cemetery, 2024
Most recently, in 2024, renovations at the Tolomato Cemetery uncovered previously unmarked graves with remains dating back to the early 1700s. This discovery emphasized the importance of ongoing archaeological work in preserving and understanding Saint Augustine’s rich heritage.
These skeletal discoveries provide a fascinating look into the past and remind us of the importance of preserving history even as the city continues to grow and evolve. Each skeleton uncovered is a silent witness to the stories of those who walked the streets of Saint Augustine centuries ago, bridging the gap between the past and the present in this historic city.
Concerts in the Plaza
PIP’S CORNER OF UPCOMING EVENTS
Dates: Every Thursday through August 29, 6-8
p.m.
Location: Gazebo of the Plaza de la Constitucion, St. Augustine, FL
Details: Free live music series. Bring chairs for seating.
THE LINEUP
August 1: Shayla Nelson August 8: Feedback August 15: Str8up
August 29: Thick & Thin String Band
Music & Art by the Sea
Dates: August 21 - October
2 (select Wednesdays)
Location: St. John’s County Ocean Pier, St. Augustine Beach, FL
Details: Features live music and local art. Includes special performances by the US Navy Brass Band and the LPT Latin Band. Full lineup at freebeachconcerts.com.
Founder’s Day
Date: September 7
Location: Various locations in St. Augustine, FL
Details: Celebrate the founding of St. Augustine with historical reenactments, a Catholic Mass, and more. Admission is free for most events.
Aviles Street Festival
Date: September 8
Time: 12-9 p.m.
Location: Aviles Street, St. Augustine
Details: Celebrate with live music, cultural offerings, food, and artwork. This festival strengthens the bond between St. Augustine and Aviles, Spain. Includes historic house tours and artists on the lawn.
Sing Out Loud Festival
Dates: September 13-29
Location: Various venues in St. Augustine
Details: Annual music festival featuring Eric Church, Nora Jones, Marcus King, The Breeders, and more. Free concerts by local and regional musicians. Learn more at singoutloudfestival.com.
EMMA Concert Association
46th Season of Music & Dance
Dates: Various dates from September 15 to April 26
Location: Lewis Auditorium at Flagler College, St. Augustine
Details: Featuring the Los Angeles Guitar Quartet, Boston Brass, Gainesville Orchestra Holiday Pops, Czech Philharmonic, Swan Lake by Dance Alive National Ballet, Ocala Symphony Orchestra. Tickets and schedule at emmaconcerts. com.
St. Augustine Book Festival
Date: September 21
Time: 10 a.m. to 4 p.m.
Location: Outdoor venue in St. Augustine
Details: Features authors showcasing Florida and St. Augustine-themed books.
Vilano Vibe-Rations
Date: October 19
Time: 11-6:30 p.m.
Location: Vilano Beachfront Park, 2725 Anahma Drive, St. Augustine
Details: Music festival with local and regional musicians, food, vendors, and good vibes. community.
Ancient City Kids Day
Date: October 26
Time: 11 a.m. to 3 p.m.
Location: Francis Field, 29 W. Castillo Drive, St. Augustine
Details: Free public event with activities for children and families, including games, arts and crafts, and live entertainment. Organized by EPIC Behavioral Healthcare.
Trick-or-Treating on Saint
George Street
Date: October 27
Time: 2-5 p.m.
Location: Saint George Street, St. Augustine
Details: Annual Halloween event where children in costume can trick or treat at participating businesses. Free admission.
St. Augustine, FL 32084
