Donald Glidewell, CPA

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9500 Babcock Street, Palm Bay, FL 32909 Sale Price: $65,000,000 Lot Size: 2,123+/- Acres Property Video: https://lnkd.in/gyg4_RbK The subject property is conveniently located in the City of Palm Bay 2.5+- miles South of the Saint John's Heritage Parkway- I- 95 Interchange at the North West corner of Babcock Street and Centerline Road Brevard County Florida. This provides the property and its future development easy access to anywhere in Brevard County and the State of Florida. Just North at the intersection of Babcock Street and the Saint John's Heritage Parkway is a new Publix Grocer and several other soon to be national retailers and restaurants. The City of Palm Bay is a dynamic City located in Brevard County Florida. According to the 2020 United States Census the population was at approximately 119,760+- residents. However, the City has experienced a 7.9% growth rate from 2020 to 2023 estimating the population now at approximately 129,234+- residence. According to U-Halls Annual Growth Index the Palm Bay- Melbourne corridor ranks third among the fastest growing cities in the United States making it the most populous City in Brevard Country Florida and the largest by the land area. The City of Palm Bay is also home to such major employers across various industries such as: L-3 Harris Technologies a leading edge defense and technology corporation. Renesas Electronics a leading edge semiconductor and microcontroller corporation. Raytheon Technologies a major aerospace and defense corporation and MC Assembly a major electronics manufacturing service provider and producer of circuit boards and assemblies for various local, national and international corporations; all making the City of Palm Bay a very attractive place to live and work. The property is currently the largest and contiguous available single ownership developable property in the City of Palm Bay and has been labeled by many as the next "Development Frontier" of Brevard County and Palm Bay Florida #BabcockStreet #PalmBayFlorida #CalumetFarm #IncomeProducingLand

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🚨 🚨 Attention Developers: Major Update on Property Easements! 🚨 🚨 Governor DeSantis has signed HB 799 into law on June 27, 2024, impacting all developments subject to covenants or restrictions of any flavor, whether residential or commercial. Background: Previous Issue: Recent Florida case law questioned the validity of easements and other servitudes created when all affected property was under common ownership. Virtually all developments are initially under single ownership, typically that of the developer. This legal uncertainty threatened to disrupt decades of land planning and property use arrangements, undermining the expectations of property owners who relied on these servitudes. Key Bill Highlights: Creation of Easements: Property owners can now create easements, servitudes, or other interests in their own real property, even if they own all the affected property. Validation: Easements and servitudes created before the bill’s effective date are valid unless invalidated by a court on grounds other than unity of title. Legislative Intent: Reinforces stability and long-term property use arrangements. This law, now Chapter No. 2024-268, secures property rights and maintains the integrity of land use planning, ensuring that established servitudes remain effective. Effective immediately.

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With higher #mortgage rates and sustained price appreciation, #cash buyers have increasingly comprised a higher share of Southeast Florida's home sales. The share of all-cash buyers has increased at both the lower price-point (less than $300,000) and the #million-dollar homes segment. On the one hand, the rising share of all-cash buyers of million-dollar homes is an indicator of the rising and sustained interest of wealthy buyers and the flow of #wealth into Southeast #Florida, either from out-of-state or international buyers. The migration of wealthy buyers creates more economic impact by fueling more second-round spending which affects the #retail #commercial real estate. On the other hand, the rising share of all-cash buyers in the lower-end of the market is another indicator of how the erosion in #affordability has sidelined the typical buyer who needs a mortgage. Falling mortgage rates should improve affordability somewhat. MIAMI forecasts the 30-year rate to fall to 6.6% December 2024 and 5.7% by December 2025 Check out our latest May 2024 #Southeast #Florida #Housing Metrics Report. https://lnkd.in/eB2axygA Miami Association of Realtors BROWARD-MIAMI, a Division of MIAMI REALTORS® JTHS-MIAMI, a Division of MIAMI REALTORS® MIAMI Commercial #miamiforwardthinking #miamiforwardfocus

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I-95 and Coastal Lane, West Melbourne, FL 32904 Sale Price: $3,500,000 Price / Acre: $139,949.618 Property Video : https://lnkd.in/e8e-6iHH The subject property is a vacant land parcel consisting of 26.33 +/- acres. To the direct north of the property, preparations are being made for the new Interstate 95 interchange at Ellis Road, which will provide a future direct route to the Orlando Melbourne International Airport passenger terminal. To the south, the proposed Space Coast Town Center is anticipated to impact and accelerate the demand and pricing for development land opportunities in its proximity, which includes the subject property. This 170-acre project development will be a nexus of activity, drawing a broad range of consumers and could allow for 61 planned buildings., including 257,000 SF of Retail, Grocer: 30,000 - 60,000 SF, Residential: 1,800 to 2,000 multifamily residences, Office: 360,000 SF, Hotel: Two hotels - 250 to 300 keys. There exists a 30-foot wide access and utilities easement that extends along the eastern border of the property. Ingress and egress is possible via three (3) public right-of-ways to John Rodes Blvd and Coastal Lane. Providing developable access via Coastal Lane from US Highway 192 would require construction of an additional 2,017 linear feet of road. The closest municipal water service line is located 575 south of the southern property line and is serviced by the City of West Melbourne. The nearest municipal sewer line is located 650 south and 300 feet east of the southeast corner of the subject property. This sewer line would require a lift station. City of West Melbourne Zoning: M-2 General Industrial / FLU: Industrial. This zoning designation allows for (but is not limited to) the following uses: general manufacturing and assembly, warehousing, general industrial functions. Brevard County is thriving and has become home to several aerospace-support industry giants, such as NASA's Kennedy Space Center, Blue Origin, OneWeb Satellites, Firefly and remaining the corporate hub for professional leaders including Lockheed Martin, Harris/L3 Company, Northrup Grumman, Embraer and others. Tax ID: 2704573 / PID: 27-36-34-00-1 #CoastalLane #WestMelbourne #FloridaRealEstate #Florida #HeavyIndustrial #CityOfMelbourne

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In case you wanted to know about anything else that’s coming down the pipeline for #Florida, and that could impact industrial and retail real estate in the state, here’s something to watch: https://lnkd.in/eVbW8XYH

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Your June Real Estate Guide Inside featuring Nailstry! #newsletter #francetherealtor #francemakabu #movingtoflorida #floridarealtor #nailstry

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🏡📷 Introducing your updated weekly #marketsnapshot for the week of April 22nd - April 28th, offering a real-time view of the dynamic #southwestfloridarealestate market. 📈 I'm your go-to expert for all things related to real estate in our local Southwest Florida community. Reach out to me for personalized market insights, property evaluations, or any real estate questions you may have at 239.977.9939 📲 #coldwellbanker #localexpert #marketinsights

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