Fleming Island, FL

Eagle Harbor Club Championship | April 14-15, 2012

Don't miss the Eagle Harbor Golf Club Championship coming up in April.

Here are the details:

FORMAT 30 Holes each day
TIME 7:30 AM Tee Time Start Both Days
ENTRY FEE $70 Plus Applicable Fees
TEES Players must select their own tees
SCORING Prizes will be awarded in Gross and
Net Flights in Each Division
DIVISIONS Men's Championship - Blue Tees
Men's Regular - White Tees
Men's Senior 55+ - Green Tees
Men's Senior 70+ - Gold Tees
Ladie's Division - Red Tees

To be eligible to play, you must be an Eagle Harbor Patron to participate in the Club Championship.

Originally Published at FlemingIslandFLRealEstate.com

The Island Life Grill | Fleming Island Florida

Welcome The Island Life Grill to Fleming Island Florida!

We finally have what Fleming Island residents have wanted for so long - an upscale restaurant serving fish, steak and other fine dishes to save us from having to go "over the bridge" for a really good meal. The Island Life Grill is located in the Fleming Island Plantation downtown area, at the end of the street on the left hand side.

Their lunch and dinner menus are very diverse and they have copied some dishes from places "across the bridge" that are so good, well, you won't have to go far from home to satisfy your fishy cravings! We tried the Fried Calamari, Grilled Ahi Tuna, and Rock Shrimp "Island" Style and everything was delicious. We sat outside on a pleasant evening - great place for a Girl's night out!

Next time we'll have to sample their beef and chicken, but the fish definitely won rave reviews.

If you're looking for something "a cut above" the other restaurants on Fleming Island, give The Island Life Grill a try.

The Island Life Grill
2245-3 Plantation Center Drive Fleming Island FL 32003
904-215-4243

Market Trends | Fleming Island FL Foreclosures | March 4, 2012

As of today, there are 13 single family home foreclosures available on Fleming Island. This represents about 5% of the Active listings, which number 218. There are 3 Active in Pace Island, 3 in Eagle Harbor, and 3 in Fleming Island Plantation. There is one townhouse foreclosure, also in Fleming Island Plantation. There is one house on the River available.

Historically, many areas of Fleming Island have had a very low % of foreclosures compared to other areas of Jacksonville. For example, in Eagle Harbor, there are 73 Active Listings and only 3 foreclosures. That is 4% of the listing inventory.

Is this a sign of a Real Estate Recovery?

There were three waves of Foreclosures in the Fleming Island area. The first ones were people who were barely making it who decided to buy a house because it was so easy to get a loan.

The second wave were the investors, who were betting on the market to keep rising so they could flip their homes. Some of them rented at first, but eventually as prices dropped, they let them go.

The third wave of foreclosures was made up of people who were stable when the market crashed, but times changed and job losses and/or cutbacks ate into their savings and at some point they couldn't hang on any longer. Many of them tried loan modifications, but the loan mods sometimes were an even higher payment than they had before. The other part of this third wave were the people who strategically walked away because it no longer made sense to make payments on a house where they were so upside down.

This past week, the big banks inked agreements with the attorney general in Florida and in all the other states. Banks are now free to proceed with foreclosures on homes that have been delayed for the past year since the robo-signing debacle. Look for a fourth wave of foreclosures as these homes roll on the market.

26% (5) of the 19 homes that sold on Fleming Island from February 4-March 4 were foreclosures. Look for this number to rise as we work through the backlog of foreclosures coming on the market throughout 2012, bur stay tuned for other positive indications of a Real Estate Recovery, such as new home starts.

This Market Trends report was brought to you by Team Alters. Please text us at 904-673-2308 or email sharon@teamalters.com for more information.

Eagle Harbor Market Report | February 2012

Inventory of Eagle Harbor homes for sale continues to be down from the past few years, and sales were down 50% in 2012 over 2011. Here is a breakdown of the Sold activity for February 2012. February is historically still one of the slower months of the year for closed sales.

Actives (as of March 11) 75
4 Foreclosures
14 Short Sales

Sold 2
1 Foreclosure
1 Short Sale

The two sales were - $250,000 for a 2500 sq. ft. short sale in Waterford Landing, one of the first custom home communities in Eagle Harbor, near the Swim Park. This house sold for 78% of original List Price, which was $319,000.

The other sale was for $194,900 for a 2,314 sq. ft. home in Eagle Watch. This home was a Foreclosure and sold for 98% of original list price, which was $198,900.

Inventory in Eagle Harbor is down from levels of 84 in March 2010 and 99 in August 2010.

If you subtract the houses that are "Active Contingent" then there are only 70 Active Listings. This decline in Listings, combined with increased Buyer demand, could signal rising prices in Eagle Harbor this Spring.

Are we experiencing a Real Estate Recovery? The determining factor in this will be the number of distressed properties competing with regular sales.

The Eagle Harbor Market Report is brought to you by Team Alters. For a full list of all our Fleming Island area listings, visit Fleming Island FL Real Estate.

Originally published in FlemingIslandFLRealEstate.com

2600 Woodgrove Rd | Under Contract | Eagle Harbor Fleming Island FL 32003

2600 Woodgrove Rd, a magnificent Eagle Harbor custom pool home for sale with upgrades galore is under contract for a second time, and we are very happy for the Buyers and their real estate agent. This property was so much in demand that it had multiple offers back in December when it went under contract the first time, and then back up offers waiting when the first contract fell through due to financing.

This luxurious home has a Game Room off the Family Room, a very large Summer Kitchen and Outdoor Fireplace just off the Game Room. The Pool and Spa are screen enclosed with a Lanai wrapping around the back of the house. Inside, there is a Study/Living Room with French Doors, Formal Dining Room, Kitchen with Granite Counters and Stainless Appliances, Master Bath with Granite Counters, Spa Shower and Upgraded Tile Work. The Family Room overlooks the Pool Area, and there are hardwood wide plank floors in the entire house except Bedrooms. An upstairs Bedroom Suite overlooks the lovely Preserve Lot yard complete with Gazebo.

We just wish we had more homes like 2600 Woodgrove Rd in Eagle Harbor, because we had more Buyers than houses. If you are thinking of selling your Eagle Harbor home, then call us at 904-673-2308 or email sharon@teamalters.com.

Originally published at FlemingIslandFLRealEstate.com