Sue Harris

PALM COAST RENTALS - FLAGLER BEACH RENTALS

$850 mth 3/2/2 Home located on Rockne Lane in Palm Coast- Adams Home-Newer and ready to move into

$700 2/2/1 Duplexes For Rent on Pine Hurst and Providence Lane-

$725 Fully Furnished Home on Farragut Lane on a small canal

$800 Flagler Apartments 1 & 2 Bedrooms available- Short term and Long term

$950 Harborside Village Condo located on the Intracoastal Waterway- FULLY FURNISHED- Just bring your toothbrush

$1250 Tidelands Condo on the Intracoastal Waterway

Duplexes available at $675 mth $700 dep- Ready Now- Pine Hurst and Providence Lane

3/2/2 Single Family Homes at $875 mth $900 deposit- Rockne and White Horse Dr

Condos on the Intracoastal Waterway - Fully Furnished $950 mth to $1250 mth JUST BRING YOUR TOOTHBRUSH- Short and Long Term Rentals

Saltwater Canal Home rentals available for $900 mth - Cheyenne Lane

Pool Homes starting at $1100 mth

Executive Pool Home in Matanzas Woods available in August- $1500 mth ...4-5 bedroom beautiful home that backs up to the Matanzas Woods golf course

3/2 Home in Indian Trails located on Berkshire...Home offers a spacious flowing floorplan with over 2800 Sq Ft of living space... $875 rent $1000 dep

4/2 Home located on Pine Cedar...Very spacious with over 2300 sq ft living $975 mth $975 dep

3/2 Home in R section- Gorgeous home with tile throughout, Still in new condition $950 mth $950 dep - Over 1300 Sq Ft living area

2/2 Condo located at Palm Pointe right by the Towne Center- Units are really nice and affordable... $750 mth $750 dep

Saltwater canal home- $1000. mth $1000 dep

3/2 Home in Indian Trails located on Berkshire...Home offers a spacious flowing floorplan with over 2800 Sq Ft of living space... $875 rent $1000 dep

4/2/2...Very spacious with over 2300 sq ft living $975 mth $975 dep

3/2 Home in R section- Gorgeous home with tile throughout, Still in new condition $950 mth $950 dep - Over 1300 Sq Ft living area

2/2 Condo located at Palm Pointe right by the Towne Center- Units are really nice and affordable... $750 mth $750 dep

Saltwater canal homes- $1000+dep

3/2 Two story unit available...Fully Furnished and ready to go NOW...Development is located on the Intracoastal Waterway...Community has a swimming pool...Across the street from the European Village...Very nice units, nicely furnished, just bring your toothbrush..

3/2 Condo in Tidelands available for rent

<B>Other rentals available too...</B>

Please visit our website at: www.PalmCoastAgents.com for a list...

Not all rentals are listed, so for a detailed search send an email to: palmcoastbroker@aol.com and let us know what your looking for.

Harris Realty & Assoc.

Grand Haven Golf & Gated Community

A Grand Coastal Lifestyle Grand Haven Intracoastal, Golf Course, Lakee, Preserve Homes,Homesites, Homes, Villas, Condos An incomparable lifestyle awaits you at Grand Haven, the premier residential golf community on Florida's east coast. Located on more than 1,478 acres along the Intracoastal Waterway in Palm Coast, Grand Haven offers an array of fine amenities: a Jack Nicklaus Signature golf course, a world-class country club, a gated community with large homesites and award-winning builders. Our master-planned community is comprised of intimate villages linked by winding trails and tree-lined streets. Bike paths, parks and an adjacent 4,000-acre nature preserve highlight the community's natural beauty, making outdoor activities a way of life. Experience how grand year-round waterfront living in a private club community can be at Grand Haven! Grand Haven is located in Palm Coast, Florida, a quiet coastal town not far from city conveniences. A retreat just minutes from Jacksonville, St. Augustine, Orlando and Daytona Beach, residents can enjoy nearby parks, restaurants, entertainment, beaches, shopping, medical and educational services and international airports. Everything you could want is close at hand and with an agreeable year-round climate, there is plenty of time to take it all in.

At Grand Haven, residents enjoy an active lifestyle with sidewalks and trails that weave throughout the community, leading to recreation centers, parks and trails along the Intracoastal Waterway. No matter what your lifestyle, Grand Haven serves up the right mix of country club amenities, modern conveniences and community programmed activities to keep neighbors connected and families entertained.

Grand Haven is a master-planned community that features many distinct villages, a Jack Nicklaus Signature golf course, a dynamic Village Center and numerous parks and trails, all located along the beautiful Intracoastal Waterway. Set among 1,478 acres of oak hammocks, our private, gated community is connected by meandering trails and sidewalks and is adjacent to a 4,000 acre nature preserve. Two miles east of I-95 in Palm Coast and minutes from the beach, Grand Haven is near to bustling urban centers, but a world unto itself.

Village Center

Grand Haven's Village Center is the heart of the community. Designed in traditional Spanish style, it features cedar timbers, exposed rafters and colorful decorative tile. The Village Center is Grand Haven's gathering place, the site of an endless array of community activities including dinner clubs, wine tastings, round-robin tennis tournaments, dance clubs, yoga classes and water aerobics.

Village Center amenities include:

• European-style caf©
• Multi-purpose room with banquet facilities
• Spa & Fitness Center
• Heated Junior Olympic swimming pool and spa
• Lighted, Har-Tru® regulation-size tennis courts
• Croquet lawn
• Bocce ball and shuffleboard courts
• Children's play area
• Horseshoe pit

Creekside Athletic Center

This center of activity was created to offer an additional amenity more convenient to the residents in the northern villages of Grand Haven and Wild Oaks Estates.

Located at Grand Havens north entrance, this exceptional new amenity features:

• Indoor lounge and game room
• Fitness center
• Swimming pool, kiddie pool and cabana
• Tournament size croquet court
• Junior soccer field
• Volleyball and basketball courts
• Fishing pier
• Outdoor grill area

Parks and Trails

At Grand Haven, exploring nature is as easy as stepping into your own backyard. Miles of pedestrian friendly trails connect villages to amenities and weave along the Intracoastal Waterway and pristine lakes, through magnificent oaks, pines and wetland preserves.

In addition, a number of pocket parks provide places to relax, reflect and gather. They feature trees and lush landscaping, gazebos, shade trellises and decorative benches. There is even an archaeological preserve that houses an ancient Timucuan Indian shell midden.

At Grand Haven, youll find yourself in the middle of the most vibrant, naturally beautiful areas of the Florida east coast. A paradise like no other in a setting youve always dreamed about.

Activities

Grand Haven helps you relax by keeping your life filled with possibilities. This premier master-planned community boasts a mild climate year-round that gives residents the opportunity to take advantage of its country club amenities and Jack Nicklaus Signature golf course everyday.

Enjoy an active lifestyle full of activities and celebrations that help to bring neighbors together. Dine with friends at the 17,000 square foot golf clubhouse. Head to The Village Center for an invigorating workout. Sip your favorite beverage from the European-style cafe and lounge by the resort-style pool. Or take a brisk walk on the Intracoastal Waterway Esplanade and boardwalk.

An array of planned activities brings residents together for events both within and outside of the community. These can include such exciting happenings as tennis and golf tournaments, fitness classes, dances, wine tastings, cycling clubs and group trips to local and distant destinations. Residents can also venture outside the community where there are abundant opportunities for a rich lifestyle.

Everything you would want in a private community can be found right here at Grand Haven, where nature and fun go hand in hand.

Villages

Homebuyers can choose from a wide array of unsurpassed home offerings by our Family of Builders. Offerings include maintenance-free condominiums, townhomes and single family homes as well as luxury patio homes, golf villas and custom homesites where you select house plans or custom build your own estate design. Ask Harris Realty for floor-plans on our preferred home builders.

Preferred Builders

Arthur Rutenberg Homes-

Country Club Homes of Florida, Inc., an independently owned and operated Arthur Rutenberg Homes franchise, has become a respected member of the building and business communities under the leadership of Rod Kimberley and William Groff.

The largest provider of luxury homes in Florida, Arthur Rutenburg Homes offers 40 years of superior design, craftsmanship and service. Arthur Rutenburg Homes has received the national "Professional Builder of the Year" designation and induction into the Florida Builder's Hall of Fame. Since being founded in 1980, Arthur Rutenburg Homes has sold over 1,300 homes and is now the country's largest network of homebuilding franchises.

Below are some examples of Country Club Homes' home designs at Grand Haven.

		Bonaire 4 Bedrooms 3 Bathrooms 3 Car Garage 3,056 Square Feet Floor Plan
		Biscayne II 4 Bedrooms 5 Bathrooms 3 Car Garage 4,010 Square Feet Floor Plan
		Amelia IV 3 Bedrooms 3 Bathrooms 3 Car Garage 2,771 Square Feet Floor Plan

David Weekley Homes started in 1976, at a time when affordable housing was dull and unimaginative. They quickly made a name for themselves with an emphasis on innovative design and customer satisfaction that would change the face of homebuilding forever. As word spread about the companys unconventional approach, so too did the demand for its homes. Soon the company was the largest homebuilder in Texas, with operations in Houston, Dallas/Ft. Worth, San Antonio and Austin. After only ten years, the company had garnered hundreds of awards for homebuilding excellence, including National Builder of the Year. Weekley would go on to win this coveted award again, as well as the National Housing Quality Award and Americas Best Builder. Today, David Weekley Homes builds in fourteen cities, from Colorado to the Carolinas, and is the second-largest privately held builder in America. The company was named to Fortune Magazine's list of Top 100 Companies to Work three years in a row. Below are some examples of David Weekley home designs at Grand Haven.

Howell Homes

Howell Homes, Inc. has been building homes in the Palm Coast area since 1989. Howell Homes has become a well-established and highly respectable company in Volusia & Flagler counties through mostly word of mouth. Marv Howell, President, a Florida native, is in touch with the Florida lifestyle, as he puts it Howell Homes doesnt just build homes; we build lifestyles.

Not only does Howell Homes stress quality, but they also stress that the buyer has choices. In every aspect of construction, the client is active in the decision-making process. One of the most important aspects of Howell Homes is the positive attitude of all its employees and everyone involved with the building process. Together, all of these individuals comprise a unique team that is Howell Homes. Because of this attention to detail, quality of service and reputation, Howell Homes has many repeat customers.

Below are some examples of Howell Homes' home designs at Grand Haven.

		San Tropez Plus 3 Bedrooms 3 Bathrooms 2 Car Garage 3,470 Square Feet Floor Plan
		Tuscany 3 Bedrooms 3 Bathrooms 2 Car Garage 3,573 Square Feet Floor Plan
		Grand Cayman 3 Bedrooms 2 Bathrooms 3,102 Square Feet Floor Plan

Mori Hosseini, chairman and CEO of Intervest Construction, Inc. (ICI Homes), has a motto: "Quality is our Cornerstone." This has been the company's guiding philosophy for the 25 years it has been building single-family homes. ICI Homes brings innovative design, cutting-edge technology, premium building materials, quality construction and personalized attention to every home they build. The company prides itself on its portfolio of award-winning designs to fit a client's lifestyle. These core qualities have been the foundation of ICI Homes' success. ICI Homes is Volusia/Flaglers number one builder and ranked 57th nationally. Below are some examples of ICI Homes home designs at Grand Haven. The Poinsianna 4 Bedrooms 3 Bathrooms 2,747 Square Feet Floor Plan The Saratoga II 4 Bedrooms 2.5 Bathrooms 2,594 Square Feet Floor Plan

ABOUT US Olsen Custom Homes, founded by Eric and Shelly Olsen, was built on the founding principle of "Building Integrity with Every Home" and the long-standing commitment to quality and value. From the start they set their sights on building quality homes that they are proud to have their name associated with. We continue to build in many of the area's preferred communities, using quality materials and superior construction methods while offering our customers an outstanding value. That vision and dedication continues to result in remarkable growth for our company and many satisfied customers. THE CHOICE IS CLEAR Olsen Custom Homes is driven by the people whose opinions we value most, our customers. We start by listening to our customer's expectations and what they identify as the keys to quality workmanship. As a custom builder, we can incorporate the customer's expectations and desired features into the design of your home. The natural result of this process is innovation, fresh ideas, new technologies, unique features, and better ways of creating performance, style, and convenience- the hallmark of Olsen Custom Homes. We know what our customers want and we provide the quality of home that they demand. MISSION Olsen Custom Homes is committed to developing, designing and building the highest quality most Innovative homes available today. We will effectively utilize all technologies and resources available to create the ultimate, most innovative home for the distinctive homebuyer. Olsen Custom Homes Santorini II 4 Bedrooms 4 Bathrooms 3 Car Garage 3,490 Square Feet Floor Plan Siena 3 Bedrooms 3 Bathrooms 2 Car garage 3,090 Square Feet Floor Plan The Marseille 3 Bedrooms 2.5 Bathrooms 2 Car Garage 2,648 Square Feet Floor Plan

A small company by design, Red Carpet Construction, Inc., has built custom homes in Flagler and Volusia counties since 1972. Owners Mario (Rich) Baiata and Patrick Kollar have blended their talents and experience to become one of North Florida's premier custom home builders. With the experience of building more than 1,200 custom homes, Rich and Patrick work directly with customers and are involved in every aspect of their projects. Red Carpet's numerous honors include the National Association of Homebuilders' Aurora award. The company has also been honored with the East Florida Building Industry's "Award of Excellence," "Honors in Energy Efficient Homes" and "Best in Show" awards. Red Carpet is an eight-time recipient of the "Best General Contractor" and "Best Homebuilder in Palm Coast" award in the Daytona Beach News-Tribune's annual "Readers' Choice" competition. The Red Carpet team is comprised of some of the best architects, engineers, craftsmen and interior decorators in Palm Coast. Below are some examples of Red Carpet's home designs at Grand Haven. The Atlantis II 3 Bedrooms 2 Bathrooms 2 Car Garage 2,959 Square Feet Floor Plan Renaissance 3 Bedrooms 2.5 Bathrooms 2 Car Garage 2,848 Square Feet Floor Plan Villa Biscayne 3 Bedrooms 3.5 Bathrooms 2 Car Garage 3,671Square Feet Floor

Fact Sheet

Total Acerage: 1478

Homes planned: 1901

Architect and Planner: Powers Design and RDL Planning and Design

Engineer: BHR Inc.

Location:
Grand Haven is located in Palm Coast, FL just south of St. Augustine and north of Daytona Beach. Take I-95 to exit 289 in Palm Coast, then east to Colbert Lane. Make a right and the Grand Haven entrance is 2 miles ahead on the left.

Developer:
LandMar Group, LLC

Golf Course Design:
Jack Nicklaus

Builders:
Arthur Rutenberg Homes
David Weekley Homes
Howell Homes, Inc.
ICI Homes
Olsen Custom Homes
Red Carpet Construction, Inc.

Real Estate Opportunities:
Grand Haven offers various home choices to fit every lifestyle, including maintenance-free condominiums, town homes and single family homes by our Preferred Group of Builders.

Golf Club

The Club at Grand Haven is a place where you and your family can relax, meet new people, enjoy recreational facilities and participate in a variety of programs and activities. A luxury Golf Clubhouse allows for the ultimate golf experience and nature provides the backdrop for one of the most breathtaking settings on the Intracoastal Waterway. The course and the surrounding community strike a perfect balance by intertwining neighborhoods within the natural buffers and golf landscape. Golf is more than a game at Grand Haven its an experience. An experience enhanced by generous landing areas, natural buffers and a world-class staff eager to help you improve your game of golf. Call (386) 445-2327 or click here for membership and golf club information. At The Golf Club at Grand Haven, you'll experience the feeling of walking in the footsteps of a legend. Golf legend Jack Nicklaus personally designed the golf course at Grand Haven, a stunning, par-72 course winding along the scenic Intracoastal Waterway. It is among a select group of courses around the world that can be called a Jack Nicklaus Signature Course and has made the list of the Top 100 Courses in North America by Links magazine on several occasions. The course's manicured greens and fairways offer challenges worthy of the world's top players, at the same time providing enjoyable, year-round play for members and guests at every level. Built in 1998, this 7,069-yard course is designed around the areas lush natural wetlands and boasts three holes along the Intracoastal Waterway, creating a breathtaking setting for your game. Its ideal terrain complements the tranquil surroundings of this quiet coastal retreat and allows for the perfect game of golf at every skill level. Grand Haven will challenge the skilled player, yet, because of some width to the holes, it also will be a fun course that the average player can enjoy. Jack Nicklaus

Nestled amongst nature's glory, the Grand Haven Clubhouse overlooks the pristine Intracoastal Waterway. Eighteen holes of championship golf and a 17,000 square foot Clubhouse boasts a golf lifestyle like no other. Centrally located within the gated community, members and residents have access to this private Club, where friends and family congregate to enjoy Floridas best golf, with a friendly staff to assist in your recreational needs.

The Grand Haven Clubhouse features:

• Dining areas

• Lounge

• Banquet rooms

• Private dining areas

• Men's/Women's locker rooms

• Golf Club storage

• Pro Shop

• Banquet rooms

• Private dining areas

• Men's/Women's locker rooms

• Golf Club storage

• Pro Shop

Check out our other Golf Communities

Frequently Asked Questions About the Home Buyer Tax Credit

Call or email now to get qualified for a home: Email: palmcoastbroker@aol.com

The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.

The following questions and answers provide basic information about the tax credit. If you have more specific questions, we strongly encourage you to consult a qualified tax advisor or legal professional about your unique situation.

1. Who is eligible to claim the tax credit?
   First-time home buyers purchasing any kind of homeâ€"new or resaleâ€"are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and before December 1, 2009. For the purposes of the tax credit, the purchase date is the date when closing occurs and the title to the property transfers to the home owner. A limited exception exists for certain contract for deed purchases and installment sale purchases. See the IRS website for more detail.
   
   
2. What is the definition of a first-time home buyer?
   The law defines "first-time home buyer" as a buyer who has not owned a principal residence during the three-year period prior to the purchase. For married taxpayers, the law tests the homeownership history of both the home buyer and his/her spouse.
   
   For example, if you have not owned a home in the past three years but your spouse has owned a principal residence, neither you nor your spouse qualifies for the first-time home buyer tax credit. However, unmarried joint purchasers may allocate the credit amount to any buyer who qualifies as a first-time buyer, such as may occur if a parent jointly purchases a home with a son or daughter. Ownership of a vacation home or rental property not used as a principal residence does not disqualify a buyer as a first-time home buyer.
   
   
3. How is the amount of the tax credit determined?
   The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000.
   
   
4. Are there any income limits for claiming the tax credit?
   Yes. The income limit for single taxpayers is $75,000; the limit is $150,000 for married taxpayers filing a joint return. The tax credit amount is reduced for buyers with a modified adjusted gross income (MAGI) of more than $75,000 for single taxpayers and $150,000 for married taxpayers filing a joint return. The phaseout range for the tax credit program is equal to $20,000. That is, the tax credit amount is reduced to zero for taxpayers with MAGI of more than $95,000 (single) or $170,000 (married) and is reduced proportionally for taxpayers with MAGIs between these amounts.
   
   
5. What is "modified adjusted gross income"?
   Modified adjusted gross income or MAGI is defined by the IRS. To find it, a taxpayer must first determine "adjusted gross income" or AGI. AGI is total income for a year minus certain deductions (known as "adjustments" or "above-the-line deductions"), but before itemized deductions from Schedule A or personal exemptions are subtracted. On Forms 1040 and 1040A, AGI is the last number on page 1 and first number on page 2 of the form. For Form 1040-EZ, AGI appears on line 4 (as of 2007). Note that AGI includes all forms of income including wages, salaries, interest income, dividends and capital gains.
   
   To determine modified adjusted gross income (MAGI), add to AGI certain amounts of foreign-earned income. See IRS Form 5405 for more details.
   
   
6. If my modified adjusted gross income (MAGI) is above the limit, do I qualify for any tax credit?
   Possibly. It depends on your income. Partial credits of less than $8,000 are available for some taxpayers whose MAGI exceeds the phaseout limits.
   
   
7. Can you give me an example of how the partial tax credit is determined?
   Just as an example, assume that a married couple has a modified adjusted gross income of $160,000. The applicable phaseout to qualify for the tax credit is $150,000, and the couple is $10,000 over this amount. Dividing $10,000 by the phaseout range of $20,000 yields 0.5. When you subtract 0.5 from 1.0, the result is 0.5. To determine the amount of the partial first-time home buyer tax credit that is available to this couple, multiply $8,000 by 0.5. The result is $4,000.
   
   Here's another example: assume that an individual home buyer has a modified adjusted gross income of $88,000. The buyer's income exceeds $75,000 by $13,000. Dividing $13,000 by the phaseout range of $20,000 yields 0.65. When you subtract 0.65 from 1.0, the result is 0.35. Multiplying $8,000 by 0.35 shows that the buyer is eligible for a partial tax credit of $2,800.
   
   Please remember that these examples are intended to provide a general idea of how the tax credit might be applied in different circumstances. You should always consult your tax advisor for information relating to your specific circumstances.
   
   
8. How is this home buyer tax credit different from the tax credit that Congress enacted in July of 2008?
   The most significant difference is that this tax credit does not have to be repaid. Because it had to be repaid, the previous "credit" was essentially an interest-free loan. This tax incentive is a true tax credit. However, home buyers must use the residence as a principal residence for at least three years or face recapture of the tax credit amount. Certain exceptions apply.
   
   
9. How do I claim the tax credit? Do I need to complete a form or application?
   Participating in the tax credit program is easy. You claim the tax credit on your federal income tax return. Specifically, home buyers should complete IRS Form 5405 to determine their tax credit amount, and then claim this amount on line 67 of the 1040 income tax form for 2009 returns (line 69 of the 1040 income tax form for 2008 returns). No other applications or forms are required, and no pre-approval is necessary. However, you will want to be sure that you qualify for the credit under the income limits and first-time home buyer tests. Note that you cannot claim the credit on Form 5405 for an intended purchase for some future date; it must be a completed purchase.
   
   
10. What types of homes will qualify for the tax credit?
    Any home that will be used as a principal residence will qualify for the credit. This includes single-family detached homes, attached homes like townhouses and condominiums, manufactured homes (also known as mobile homes) and houseboats. The definition of principal residence is identical to the one used to determine whether you may qualify for the $250,000 / $500,000 capital gain tax exclusion for principal residences.
    
    It is important to note that you cannot purchase a home from your ancestors (parents, grandparents, etc.), your lineal descendants (children, grandchildren, etc.) or your spouse. Please consult with your tax advisor for more information. Also see IRS Form 5405.
    
    
11. I read that the tax credit is "refundable." What does that mean?
    The fact that the credit is refundable means that the home buyer credit can be claimed even if the taxpayer has little or no federal income tax liability to offset. Typically this involves the government sending the taxpayer a check for a portion or even all of the amount of the refundable tax credit.
    
    For example, if a qualified home buyer expected, notwithstanding the tax credit, federal income tax liability of $5,000 and had tax withholding of $4,000 for the year, then without the tax credit the taxpayer would owe the IRS $1,000 on April 15th. Suppose now that the taxpayer qualified for the $8,000 home buyer tax credit. As a result, the taxpayer would receive a check for $7,000 ($8,000 minus the $1,000 owed).
    
    
12. I purchased a home in early 2009 and have already filed to receive the $7,500 tax credit on my 2008 tax returns. How can I claim the new $8,000 tax credit instead?
    Home buyers in this situation may file an amended 2008 tax return with a 1040X form. You should consult with a tax advisor to ensure you file this return properly.
    
    
13. Instead of buying a new home from a home builder, I hired a contractor to construct a home on a lot that I already own. Do I still qualify for the tax credit?
    Yes. For the purposes of the home buyer tax credit, a principal residence that is constructed by the home owner is treated by the tax code as having been "purchased" on the date the owner first occupies the house. In this situation, the date of first occupancy must be on or after January 1, 2009 and before December 1, 2009.
    
    In contrast, for newly-constructed homes bought from a home builder, eligibility for the tax credit is determined by the settlement date.
    
    
14. Can I claim the tax credit if I finance the purchase of my home under a mortgage revenue bond (MRB) program?
    Yes. The tax credit can be combined with the MRB home buyer program. Note that first-time home buyers who purchased a home in 2008 may not claim the tax credit if they are participating in an MRB program.
    
    
15. I live in the District of Columbia. Can I claim both the Washington, D.C. first-time home buyer credit and this new credit?
    No. You can claim only one.
    
    
16. I am not a U.S. citizen. Can I claim the tax credit?
    Maybe. Anyone who is not a nonresident alien (as defined by the IRS), who has not owned a principal residence in the previous three years and who meets the income limits test may claim the tax credit for a qualified home purchase. The IRS provides a definition of "nonresident alien" in IRS Publication 519.
    
    
17. Is a tax credit the same as a tax deduction?
    No. A tax credit is a dollar-for-dollar reduction in what the taxpayer owes. That means that a taxpayer who owes $8,000 in income taxes and who receives an $8,000 tax credit would owe nothing to the IRS.
    
    A tax deduction is subtracted from the amount of income that is taxed. Using the same example, assume the taxpayer is in the 15 percent tax bracket and owes $8,000 in income taxes. If the taxpayer receives an $8,000 deduction, the taxpayer's tax liability would be reduced by $1,200 (15 percent of $8,000), or lowered from $8,000 to $6,800.
    
    
18. I bought a home in 2008. Do I qualify for this credit?
    No, but if you purchased your first home between April 9, 2008 and January 1, 2009, you may qualify for a different tax credit. Please consult with your tax advisor for more information.
    
    
19. Is there any way for a home buyer to access the money allocable to the credit sooner than waiting to file their 2009 tax return?
    Yes. Prospective home buyers who believe they qualify for the tax credit are permitted to reduce their income tax withholding. Reducing tax withholding (up to the amount of the credit) will enable the buyer to accumulate cash by raising his/her take home pay. This money can then be applied to the downpayment.
    
    Buyers should adjust their withholding amount on their W-4 via their employer or through their quarterly estimated tax payment. IRS Publication 919 contains rules and guidelines for income tax withholding. Prospective home buyers should note that if income tax withholding is reduced and the tax credit qualified purchase does not occur, then the individual would be liable for repayment to the IRS of income tax and possible interest charges and penalties.
    
    In addition, rule changes made as part of the economic stimulus legislation allow home buyers to claim the tax credit and participate in a program financed by tax-exempt bonds. As a result, some state housing finance agencies have introduced programs that provide short-term second mortgage loans that may be used to fund a downpayment. Prospective home buyers should check with their state housing finance agency to see if such a program is available in their community. To date, 14 state agencies have announced tax credit assistance programs, and more are expected to follow suit. The National Council of State Housing Agencies (NCSHA) has compiled a list of such programs, which can be found here.
    
    
20. The Secretary of Housing and Urban Development has announced that HUD will allow "monetization" of the tax credit. What does that mean?
    It means that HUD will allow buyers using FHA-insured mortgages to apply their anticipated tax credit toward their home purchase immediately rather than waiting until they file their 2009 income taxes to receive a refund. These funds may be used for certain downpayment and closing cost expenses.
    
    Under the guidelines announced by HUD, non-profits and FHA-approved lenders will be allowed to give home buyers short-term loans of up to $8,000.
    
    The guidelines also allow government agencies, such as state housing finance agencies, to facilitate home sales by providing longer term loans secured by second mortgages.
    
    Housing finance agencies and other government entities may also issue tax credit loans, which home buyers may use to satisfy the FHA 3.5 percent downpayment requirement.
    
    In addition, approved FHA lenders will also be able to purchase a home buyer's anticipated tax credit to pay closing costs and downpayment costs above the 3.5 percent downpayment that is required for FHA-insured homes.
    
    More information about the guidelines is available on the NAHB web site. Read the HUD mortgagee letter (pdf) and an explanation of the FHA Mortgagee Letter on Tax Credit Monetization (pdf). An FAQ about monetization (pdf) is available at the NAHB web site.
    
    
21. If I'm qualified for the tax credit and buy a home in 2009, can I apply the tax credit against my 2008 tax return?
    Yes. The law allows taxpayers to choose ("elect") to treat qualified home purchases in 2009 as if the purchase occurred on December 31, 2008. This means that the 2008 income limit (MAGI) applies and the election accelerates when the credit can be claimed (tax filing for 2008 returns instead of for 2009 returns). A benefit of this election is that a home buyer in 2009 will know their 2008 MAGI with certainty, thereby helping the buyer know whether the income limit will reduce their credit amount.
    
    Taxpayers buying a home who wish to claim it on their 2008 tax return, but who have already submitted their 2008 return to the IRS, may file an amended 2008 return claiming the tax credit. You should consult with a tax professional to determine how to arrange this.
    
    
22. For a home purchase in 2009, can I choose whether to treat the purchase as occurring in 2008 or 2009, depending on in which year my credit amount is the largest?
    Yes. If the applicable income phaseout would reduce your home buyer tax credit amount in 2009 and a larger credit would be available using the 2008 MAGI amounts, then you can choose the year that yields the largest credit amount.

HARRIS REALTY & ASSOCIATES
386.679.0117

www.PalmCoastAgents.com

Resource: National Home Builders Association

Saltwater Canal Homes in Palm Coast, Florida- 386.679.0117-Harris Realty (edit/delete)

There is no better location than the unique 23 miles of navigable Saltwater Canals in Palm Coast Florida with access to the Intracoastal Waterway.

In the saltwater canal section most lots are about 80 feet wide +- but 80 feet is the average and can accommodate large boats. If you have a sailboat or a very large boat then you need to be in "Sail Boat Country" where you don't have to go under any bridges to gain access to the Intracoastal.

Current Statistics for August 3rd, 2009 Homes for sale under $350K

Total Active Saltwater Homes for sale - 38

For Sale with 80 feet or more water frontage- 23

Current Pending Sales on the Saltwater Canals- 10

Recently Sold Homes on the Saltwater Canals in the last 6 months- 44

Call or email now to get your listings emailed right to you. Email: palmcoastbroker@aol.com

386.679.0117

Sue Harris

Harris Realty & Associates

OTHER REAL ESTATE IN THE AREA:

Palm Coast Short sales / Foreclosures /Bank owned Homes

Bank owned Homes $79K +

Single Family Homes $69K +

Short sales / Pre-foreclosures $99K +

Condominiums $69K +

Waterfront Condos $99K +

Waterfront Homes $189K +

Waterfront Lots $120K +

Pool Homes $125K +

Palm Coast Lots $13K +

Duplexes $139K +

Multi Unit Investments (Apartments) $349K +

Commercial $75K +

You can start your FREE online search at: www.PalmCoastAgents.com

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Please let us know what you're searching for and we will email the selected properties over.

Harris Realty & Associates

386-679-0117

Sue Harris

Canopy Walk Waterfront Condos

Canopy Walk
242 Condos, 69 Boat Slips w/lifts
53 acres, nature trails, pool complex
$200K - $500K, 2BR & 3BR PRICES NOW STARTING AT $159K for 3/2 condos

From the moment you turn into the entrance, youll know its a special place. The sunlight sneaking through the majestic canopy of old oaks and cypress trees brings back memories of hidden forts and secret hiding places. At the end of this magical tunnel, a sparkling blue lake and lush green lawns are waiting to greet you. Canopy Walk is an approximate 53-acre retreat located on the banks of the scenic Intracoastal Waterway in Palm Coast, Florida. Surrounded by nature and complemented by the Atlantic Ocean, your condominium home here will be a place for the simple, good times that make the best family memories.

The residences of Canopy Walk will reflect the historic beauty of nearby St. Augustine. These low-rise residences are in scale with their natural surroundings. The oversized garage, included with every residence, is the perfect place to store bikes and kayaks in addition to your car. And the screened porch is a serene spot to just relax and watch the world float by.

Community Facilities & Amenities

Welcome to Canopy Walk in Palm Coast, FL, a beach, boating and golfing paradise, surrounded by nature and complemented by the Atlantic Ocean. Located just south of Marineland and the old-world charm of St. Augustine, about 85 miles northeast of Orlando along the banks of the scenic Intracoastal Waterway.

This 53-acre condominium retreat is built around the notion of rediscovering life's simple pleasures. It's a place for family getaways and glorious vacations; comfortable and laid back. Just the place for the simple, good times that make the best family memories.

Private Marina with boat slips, lifts, and a gazebo for fishing, relaxing, or dolphin watching

Sandy beach for launching canoes or kayaks

Seven-mile nature trail bordering the community

Stocked fishing lakes and lakeside gazebo

Elegant clubhouse with pool table, big screen TV, well-equipped fitness center, and full kitchen facilities

Child friendly swimming pool with hot tubs and water playground

Tree house playground, big play lawns, sand volleyball court, and basketball court

Detached, oversized garages with each residence

1,886 sq. ft., 3 bedrooms + 2 baths<!-- | <a href="(EmptyReference!)" mce_href="(EmptyReference!)">Download Floorplan for Unit A (PDF)<img src="/images/site_pdf.gif" mce_src="/images/site_pdf.gif" alt="" height="25" width="25" align="absmiddle" border="0"></a> --> Luxurious interior features: Wonderful workable kitchen: Owner closet with separate keyed lock for added security Elegant ceramic floor tile in Foyer, Kitchen, & all bathrooms Impressive selection of designer carpets with upgraded 6 lb. pad Knockdown finish on all interior ceilings Orange peel on all interior walls 6 panel painted doors with colonial trim Painted colonial baseboard Pre-wired for phone outlets in kitchen & all bedrooms Cable TV pre-wires in living room & all bedrooms Pre-wired for fans in living room & all bedrooms Electric door chime to announce guests Interior laundry with Whirlpool washer & dryer 50-gallon water heater Pest defense system (Tubes in the Walls) Designer style raised panel full overlay white cabinets Stylish white Corian counter tops with built-in sink Upgraded white on white Whirlpool appliance package including 22 cubic ft. side by side refrigerator, glass top range, microwave & multi-cycle dishwasher Convenient One Touch pull out faucet All baths feature: Full vanity mirrors with beveled edges Beveled edge mirrored medicine cabinets Cultured marble vanity tops Elongated commodes Ceramic towel bars Master bath features a walk-in shower with ceramic tile walls & glass enclosure For your convenience: Elevator serving all floors Vinyl rails for lasting beauty & durability Private screened lanai with large open view sliding glass door Lanai features one waterproof electrical outlet Detached single-car garage The buildings exterior wall construction is concrete block to ensure strength & low maintenance Full stucco exteriors with easy care vinyl soffit with aluminum fascia Durable 100% acrylic exterior paint Concrete tile roofs that combine elegance & durability for your peace of mind The Hambro Composite Floor System (a poured concrete floor system that provides added strength, fire protection, & improve sound suppression versus conventional wood floor Each building is hurricane code engineered by a team of licensed engineers Professionally engineered roof trusses secured to load bearing walls with hurricane fasteners Impact resistant glass windows & sliding glass doors Durable easy to maintain fiberglass entry doors Polycel foam applied to air infiltration areas Central air conditioning & heat pump designed per plan for best efficiency Variable speed air handler with thermidistat for better humidity control Coastal condensing unit for better durability Soil treatment under slabs for termite protection Corrosion proof PVC piping used on all lateral drainpipes, cast iron risers for improved sound control, & CPVC piping on all incoming water lines Water shut-off valves at all sinks, commodes, & dishwasher Protective ground fault interrupter circuits in baths, kitchen, & exterior electrical receptacle All units are protected by a fire sprinkler system Sound board added on party walls for additional sound transfer protection

1,523 sq. ft., 3 bedrooms + 2 baths<!-- | <a href="(EmptyReference!)" mce_href="(EmptyReference!)">Download Floorplan for Uni</a><a href="(EmptyReference!)" mce_href="(EmptyReference!)">t</a><a href="(EmptyReference!)" mce_href="(EmptyReference!)"> B (PDF)<img src="/images/site_pdf.gif" mce_src="/images/site_pdf.gif" alt="" height="25" width="25" align="absmiddle" border="0"></a> --> Luxurious interior features: Wonderful workable kitchen: Owner closet with separate keyed lock for added security Elegant ceramic floor tile in Foyer, Kitchen, & all bathrooms Impressive selection of designer carpets with upgraded 6 lb. pad Knockdown finish on all interior ceilings Orange peel on all interior walls 6 panel painted doors with colonial trim Painted colonial baseboard Pre-wired for phone outlets in kitchen & all bedrooms Cable TV pre-wires in living room & all bedrooms Pre-wired for fans in living room & all bedrooms Electric door chime to announce guests Interior laundry with Whirlpool washer & dryer 50-gallon water heater Pest defense system (Tubes in the Walls) Designer style raised panel full overlay white cabinets Stylish white Corian counter tops with built-in sink Upgraded white on white Whirlpool appliance package including 22 cubic ft. side by side refrigerator, glass top range, microwave & multi-cycle dishwasher Convenient One Touch pull out faucet All baths feature: Full vanity mirrors with beveled edges Beveled edge mirrored medicine cabinets Cultured marble vanity tops Elongated commodes Ceramic towel bars Master bath features a walk-in shower with ceramic tile walls & glass enclosure For your convenience: Elevator serving all floors Vinyl rails for lasting beauty & durability Private screened lanai with large open view sliding glass door Lanai features one waterproof electrical outlet Detached single-car garage The buildings exterior wall construction is concrete block to ensure strength & low maintenance Full stucco exteriors with easy care vinyl soffit with aluminum fascia Durable 100% acrylic exterior paint Concrete tile roofs that combine elegance & durability for your peace of mind The Hambro Composite Floor System (a poured concrete floor system that provides added strength, fire protection, & improve sound suppression versus conventional wood floor Each building is hurricane code engineered by a team of licensed engineers Professionally engineered roof trusses secured to load bearing walls with hurricane fasteners Impact resistant glass windows & sliding glass doors Durable easy to maintain fiberglass entry doors Polycel foam applied to air infiltration areas Central air conditioning & heat pump designed per plan for best efficiency Variable speed air handler with thermidistat for better humidity control Coastal condensing unit for better durability Soil treatment under slabs for termite protection Corrosion proof PVC piping used on all lateral drainpipes, cast iron risers for improved sound control, & CPVC piping on all incoming water lines Water shut-off valves at all sinks, commodes, & dishwasher Protective ground fault interrupter circuits in baths, kitchen, & exterior electrical receptacle All units are protected by a fire sprinkler system Sound board added on party walls for additional sound transfer protection

1,408 sq. ft., 2 bedrooms + 2 baths<!-- | <a href="(EmptyReference!)" mce_href="(EmptyReference!)">Download </a><a href="(EmptyReference!)" mce_href="(EmptyReference!)">Floorplan </a><a href="(EmptyReference!)" mce_href="(EmptyReference!)">for Unit C</a><a href="(EmptyReference!)" mce_href="(EmptyReference!)"> (PDF)<img src="/images/site_pdf.gif" mce_src="/images/site_pdf.gif" alt="" height="25" width="25" align="absmiddle" border="0"></a>-->

Luxurious interior features:	Wonderful workable kitchen:
Owner closet with separate keyed lock for added security Elegant ceramic floor tile in Foyer, Kitchen, & all bathrooms Impressive selection of designer carpets with upgraded 6 lb. pad Knockdown finish on all interior ceilings Orange peel on all interior walls 6 panel painted doors with colonial trim Painted colonial baseboard Pre-wired for phone outlets in kitchen & all bedrooms Cable TV pre-wires in living room & all bedrooms Pre-wired for fans in living room & all bedrooms Electric door chime to announce guests Interior laundry with Whirlpool washer & dryer 50-gallon water heater Pest defense system (Tubes in the Walls)	Designer style raised panel full overlay white cabinets Stylish white Corian counter tops with built-in sink Upgraded white on white Whirlpool appliance package including 22 cubic ft. side by side refrigerator, glass top range, microwave & multi-cycle dishwasher Convenient One Touch pull out faucet
All baths feature:
Full vanity mirrors with beveled edges Beveled edge mirrored medicine cabinets Cultured marble vanity tops Elongated commodes Ceramic towel bars Master bath features a walk-in shower with ceramic tile walls & glass enclosure

Amenities

It starts with a vibrant sky at sunrise. The whir of the reel as you cast a line and wait for a bite. Launching a canoe from the sandy beach for a morning of exploration. Or just dangling your feet in the water and listening to the chatter of birds. Later, take a relaxing bike ride through the adjacent nature preserve or an evening stroll on the beach. Another simply perfect day at Canopy Walk. ***Marina ***Clubhouse ***Pool ***Play Areas ***Nature Walks and Trails