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3500 S. Atlantic Avenue
Newsletter
New Smyrna Beach, FL 32169
www.oceanprops.com
OCEAN PROPERTIES UPDATE
Since the first of the year activity has really increased in our sales department. Obviously, buyers are
realizing with the interest rates being low and inventory being plentiful...NOW IS THE TIME TO BUY.
Our activity in our rental department remains very active and constant. Our long term rentals as well
as our short term rentals have become very popular. We have all types of accommodations to meet
your needs. Give us a call.
3500 S. ATLANTIC AVENUE, NEW SMYRNA BEACH, FL 32169
3500 S. ATLANTIC AVENUE, NEW SMYRNA BEACH, FL 32169
SALES: (386) 428-0975 · RENTALS: (386) 428-0513 · TOLL FREE 1 (800) 728-0513
SALES: (386) 428-0975 · RENTALS: (386) 428-0513 · TOLL FREE 1 (800) 728-0513
SALES@OCEANPROPS.COM · RENTALS@OCEANPROPS.COM
SALES@OCEANPROPS.COM · RENTALS@OCEANPROPS.COM
WWW.OCEANPROPS.COM
WWW.OCEANPROPS.COM
HOMEBUYING SURGES EXPERIENCE THE SWEET LIFE
The number of U.S. homebuyers who agreed to buy a previously occupied home took the largest SUGAR MILL GOLF & COUNTRY CLUB
monthly jump in nearly eight years. The National Association of Realtors reported that its seasonally Known to Members and Visitors as the “Best Kept Secret in Florida” Sugar Mill Country Club was
adjusted index of sales contracts signed far exceeded ana- carved from prime sugar plantation acreage located in the quiet “Old Florida” town of New Smyrna
lysts’ forecasts. It was the biggest jump since 2001. Beach, Florida.
Sugar Mill is five minutes from I-95, twenty minutes
The big boost likely reflects the impact of a new $8,000 tax
south of Daytona Beach, forty minutes from Or-
credit for first-time homebuyers that was included in the eco-
lando and ten minutes from the Atlantic Beaches
nomic stimulus bill. Since buyers need to complete their pur-
that many Floridians make their weekend pla y-
chases by November 30th to claim credit, we are expecting
ground.
greater activity in the months ahead.
Business has picked up considerably in New Smyrna Beach Sugar Mill’s original 18 holes were designed by
due to the historic low interest golf course architect Joe Lee in the early 1970’s.
rates, lots of inventory, and The goals at the time were to ensure a balance be-
great value! This is fortunate for buyers but sad for sellers who are in Many mortgage rates tween nature and golf and to maintain the palms,
trouble. Short sales and foreclosures account for half of our sales and have been below 5% pines, ponds and natural habitat. This took time--
the other half are rock bottom transactions. but with the way the but has proven to be worth the effort. The original
government is design was so successful that nine additional holes
Wise homebuyers realize THIS IS THE TIME TO BUY before interests spending, the rates were added. Today the three nine hole courses
rates go up due to inflation – CASH IS KING! feature 27 holes with five sets of tees that provide
will go up! appropriate challenge for all from beginner to low
handicapper. Throughout construction and renova-
tion priority has been placed on preserving the
natural surroundings that provide players with
WARREN BUFFETT SEES SOME memorable glimpses of wildlife.
HOUSING MARKET STABILIZATION
“In the last few months you’ve seen a real pickup in activity although at much lower prices,”
said Buffett, citing data from Berkshire Hathaway’s real estate brokerage business, which is Today, Sugar Mill Country Club provides Members
one of the largest in the U.S. Warren Buffett spoke at the Berkshire Hathaway annual share- and their guests a private country club lifestyle a nd
holders meeting. multiple activities including golf, tennis, state-of-the
art fitness and activity center, pool and fine or casual
Roughly 1.3 million households are created each dining. The Tennis Center has four, lighted Har-Tru
year in the U.S., while about (clay) tennis courts and the recently renovated Club
two million homes were being House provides spectacular sunset views.
built a year during the recent Summer Preview Memberships Available
boom, Buffett added. U.S. If you would like to know more about “The Sweet • Enjoy all the amenities of the Club
prices fell 18.6% for the year, Life” contact our Membership Services Department
according to the Case-Shiller and inquire about memberships (386) 426-5200 Ext. Renter’s Privilege Program Available
index that tracks prices in 20 24. • Tailored to meet the needs of your vacation
major cities. That’s helped
push mortgage rates to record Ask about our Preview and Renters Programs and Enjoy and experience the Lifestyle of Sugar Mill
lows, luring some buyers and the other Membership options. Country Club!
fueling a small refinance boom.
Visit our Web Site www.sugarmillcc.com Call or email for details: (386) 426-5200 Ext. 24
office1@sugarmillcc.com
PAGE 2 PAGE 7
VENETIAN BAY TOWN & COUNTY CLUB WHEN TO CONSIDER A SHORT SALE
The sense of community that has long defined New Smyrna Beach is being captured in a new com- A short sale is used to prevent a home from foreclosure. Often a bank
munity just west of town. Venetian Bay is located on 1,250 acres and is located between Pioneer will allow a short sale if they believe that it will result in a smaller fina n-
Trail and S.R. 44, just east of Samsula. This 1,600-home cial loss for them than foreclosing.
town center community offers a variety of apartments, con-
dominiums, golf villas, single family and estate homes with A bank will typically determine the amount of equity (or lack of), by de-
a Mediterranean theme built around a championship golf termining the probable selling price from a Broker Price Opinion or
course. A village center will be at the heart of the commu- through a valuation of an appraisal.
nity with a planned pedestrian mall, brick walkways and out-
door eating areas. A short sale is typically faster and less expensive than a foreclosure.
A short sale is nothing more than negotiating with lien holders for a
For more information on sales or rentals in Venetian Bay payoff less than what they are owed. For the home owner, the main
please contact us. advantage would be avoidance of a foreclosure on their credit history.
For more information about short sales please contact Ocean
BAY VIEW URGENT CARE DISNEY THEME PARKS Properties & Management, Inc.
AT VENETIAN BAY ATTRACT MILLIONS OF
PEOPLE AND DOLLARS
THROUGH THE CALM AND STORM, BB&T
People are still flocking to have a magical
experience at the happiest place on Earth. REMAINS A CONSTANT BEACON OF LIGHT
The crowds are giving a much needed boost to
the industry, which has offered discounts to For 136 years, through good times and turbulent times, through world
keep the visitors coming in. wars, depressions and recessions, BB&T has remained a solid, consis-
Just opened, the Bay View Urgent Care Clinic is a full-
service urgent care clinic located in Venetian Bay. The tent guiding light for clients. What has powered that light? A strong
clinic is co-ventured by Bert Fish Medical Center and The Magic Kingdom has been the busiest of all set of values. These values guide every move they make and ensure
EMPros--the emergency physician group staffing the the Disney attractions. So crowded in fact, everything they do is in the best financial interest of their clients.
Emergency Department at Bert Fish Medical Center.
they have had to turn away guests. Many
guests note that the discounted vacation Despite the very challenging economic environment, BB&T’s financial
This upscale urgent care facility offers walk-in performance remains strong. They have avoided major problems
service for a variety of illnesses and injuries. packages are the reason they have decided to
travel to Disney. As for other theme parks experienced by many of their competitors because exotic loans and
• Open 7 days a week such as Universal Studios and Sea World First Time Homebuyer = risky investments are rarely in their
Orlando, the attendance is ahead of what was TAX CREDIT financial best interest of clients. It is
• Convenient, with abundant courtesy parking against their philosophy and values to
predicted. A tax credit of up to $8,000
• Six patient treatment rooms put clients in a position of unneces-
is available for qualified
• Equipped with modern, state-of-the-art medical first-time homebuyers sary financial risk.
equipment purchasing a principle
residence on or after We are very fortunate and it is to our
• On-site X-ray and laboratory January 1, 2009 and before
December 1, 2009. A advantage that BB&T, Branch Bank &
• Staffed by board-certified family practice and first-time homebuyer is any Trust, is located here in the Ocean
emergency physicians individual who has not Properties building. They have a very
owned a principal
Bay View Urgent Care is located at the rear entrance
strong lending ability and are able to
residence during the past 3
of Venetian Bay, at the corner of Pioneer trail and years. This tax credit does assist in financing our beachside
Airport Road. not have to be repaid. condos.
PAGE 6 PAGE 3
GOOD THINGS HAPPENING IN NEW SMYRNA!
• New Smyrna Beach has a local celebrity, • The City of NSB’s Water Taxi still remains a
Danny Veltri, the Sous Chef at Flip Flops Grill favorite among visitors.
& Chill, winner of this seasons “Hell’s Kitchen”.
• Ocean Properties just sold a 40,000 sqft.
• The new fire station, located on 3rd Ave. next manufacturing facility, located on US1 adja-
to Norwood’s is complete. cent to Boston Whaler, to CartTech. CartTech
specializes in grocery cart production and will
• Clancy’s Cantina, once located in the Bealls
shopping center, has now moved to its new
provide 50 new jobs to local residents. PROTECT YOUR HOME AND SAVE 40% OFF CURRENT
location on Flagler Avenue. • Brand new homes are available at the Isles of
Sugar Mill. Located on Sugar Mill Dr, the Isles
WINDSTORM RATES WITHOUT CHANGING INSURANCE
• There is a new car wash located on S.R. 44.
are offering 1,400 sqft., 3BR/2BA homes with COMPANIES
• The old Sea Harvest, now called The Dolphin a 2 car garage starting at $120,000. Call
View Seafood Restaurant, is open and offers Ocean Properties for more information. Safehome Professionals GUARANTEE you’ll save at least $150 off your current insurance rates.
live music in their new Tiki Bar on Saturdays.
• The new Italian Bistro, located on Flagler Ave- Construction Features that Qualify for Discounts:
nue, is receiving rave reviews from NSB lo-
• Roof covering, such as shingles that meet the FBC requirements
cals.
• Roof decks that have been installed with large nails and close spacing
• The much anticipated Taco Bell has opened • Protections of openings such as windows and glass doors with impact resistant glazing or other
and is located on the south side of S.R. 44, protection systems
next to the McDonald’s. • Newly constructed homes built to the Florida Building code since March 1, 2002
• The McDonald’s, located on U.S. 1, has been
Please note that insurance companies may have more features that qualify for credits. Bill Roe,
demolished and a new restaurant is under
President of Ocean Properties and Management, Inc., saved as much as $2,500. For more informa-
construction in order to handle the heavy traf-
tion, please contact Jim Crage at Safehome Professional, (386) 402-0001.
fic they experience on a daily basis.
OCEAN PROPERTIES JOINS INTERNATIONAL NEW SMYRNA MIGHT GAIN HOTEL
REAL ESTATE NETWORK Flagler Avenue has long been a core business district for residents and beachgoers alike, with its
row of restaurants, bars, surf shops and boutiques. A South Carolina hotel developer wants to add
Ocean Properties & Management, Inc. has joined, LuxuryRealEstate.com, an international network of a $16 million, 117-room chain Hampton Inn hotel to the heart of that district. City
brokers that represent the world’s finest properties. Each member is carefully selected by the CEO/ officials did meet and gave their approval to
Publisher John Losh, an entrepreneur and broker of fine properties and estates. To be eligible for move forward with discussions regarding the
membership, firms and brokers must list and sell in the top 10 percent new hotel. The approval was well accepted by
of their market and demonstrate expertise in the marketing and sale of our community.
multimillion dollar properties. The network represents the best in the
business. Ocean Properties & Management, Inc. will be listing proper- The developer is trying to tailor the building’s de-
ties on their website, which reaches over 65 international countries. sign to the rest of Flagler. Plans call for a three-story
This will be great exposure and help Ocean Properties become a building with an exterior that resembles the nearby
“Who’s Who in Luxury Real Estate”. Riverview Hotel and old Florida island-style houses. Its
construction is also designed to be eco-friendly, with
For more information on LuxuryRealEstate.com, please contact us. street setbacks and a height that matches the tree line.
PAGE 4 PAGE 5
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