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Originally Posted by BLHUTCH4
Thanks I'm coming from West Virginia so property cost is the main concern for me. Do you know if inside St. Augustine is expensive and what does H.O. insurance look like in those areas?
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Anything in eastern St. Johns county has gotten out of the realm.
This part of Florida is seeing some of the most explosive growth in the entire US, with St. Johns being the 9th fastest county for percentage growth in the entire US, with the border county to the south, Flagler, being #1
in the entire United States (as of 2005, I think). As such, the prices have gotten absurd.
For a halfway decent, modest house in the St. Augustine Shores development or *maybe* St. Augustine South, expect to pay $175K if you are patient. Par is about $200. Forget about the City of St. Augustine Beach, North City, anything on Anastasia Island or in the historic district. You're lucky if you can find anything under $300K in those places. In many cases, modest houses in those areas start at 1/2 Million.
Even the very cheapest housing in St. Augustine in "gray area" neighborhoods or very far out still brings $150K and up. The new construction along the US1 Corridor between St. Aug and Jax starts in the mid 200's. If you can deal with living in a trailer, you can probably get in for under $100K, but even that will take a bit of looking. 1 acre building lots in Flagler Estates that sold for $2000 in 1995 are selling for $20,000 today.
As far as HO insurance, our policy was just cancelled by Allstate due to "increased risk from Hurricanes" (we live within eyeshot of the ocean, so that's why).
The most depressing part about it all is that not even 10 years ago, you could still buy a house in St. Aug Beach or Anastasia Island- really nice areas- for under $100K. We paid about $90K in 1995 for our place that today, I could have buyers lined up, begging to pay $400. My friend just sold his house in Hastings that he paid $36,000 for in 1994- for $145,000.
I'm in the process of leaving St. Aug.
It's a great place to visit and maybe if I had never seen what it used to be, I might like it today, but having known the town during a better time- before a kajillion people lived here- I can't take it anymore.
St. Augustine in the year 2006 is 10 pounds of **** in a 5 pound bag.