Live and Play on 30A December Economic Update

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Live and Play on 30A December Market Update

By Lisa Hughley

The West End of 30A is growing and changing quickly! One of the notable newcomers on the West End includes “Shunk Gulley”, a restaurant and bar, situated at 393 and 30A is sure to please the most discerning palates. They offer naked oysters at $8 per dozen all day, with panoramic views of the Gulf and live music from 4-8pm daily. With shiplap walls, sliding barn doors, six TV’s on the upper level alone, and a gift shop, the decor is welcoming and the staff is friendly. The General Manager, Kirk Williams, and the Assistant General Manager, Grant Hill, both have a long history on 30A, coming from many years of association with Bud & Alley’s. Chef Tyler McMahan is talented, and has served at Cuvee Kitchen in Destin. My family and I are fans. Try the crab cakes with lump crab meat and little else or The Fried Sweet Tea Chicken, marinated in sweet tea for 24 hours, both are delicious!

A new community, Cypress Lakes,  is also on the horizon. Situated by Cypress Dunes and being developed by Ashwood Development out of Atlanta, Cypress Lakes will be a walking community with retail space, restaurants, condos (rumored to have a rooftop pool) duplexes and single family homes, a stocked lake , and a reserved green space rounds out the plan for the upcoming community. If it is kept to the standard of Cypress Dunes, which has the same developer, it should be a nice addition to the area.

30A Real Estate Market Update:

East End:

There are 37 Active Waterfront Single Family properties available at an average of $5,850,297. The low is $1,498,000 and the high is (an affordable) $25,000,000!  The average property is 3811 sq. ft,  $1,687.15 per sq. ft and 349 days on the market.

There are 405 Non-Gulf Front Single Family properties available at an average of $1,518,126. The low is $333,900 and the high is $7,995,000. The average property is 2840 sq. ft, $499.68 per sq. ft and 228 days on the market.

There have been 664 Sold Non-Gulf Front properties at an average of $1,245,010. at 96% of list price, with an average of 2689 sq. ft, $437.26 per sq. ft and 160 Days on the market. Highest sale in the last 12 months is $7,350,000.

There are currently 122 Pending sales of Single Family properties up to $5,250,000.

West End:

There are 15 Waterfront Single Family properties available at an average of $4,491,867. The low is $1,975,000 and the high is $13,000,000.  The average property is 4536 Sq. Ft, $1,044.52 per Sq. Ft and 301 days on the market.

There are 133 Non-Gulf Front Single Family properties available at an average of $1,079,765.  The low is $384,000. and the high is $6,500,000.  The average property is 2678 Sq. Ft, $371.73 per Sq. Ft and 204 days on the market.

There have been 285 Non-Gulf Front Single Family properties Sold at an average of $693,820. with the highest being $3,330,000. and the low being $47,000. The average sale had 2357 Sq. Ft, $286.50 per Sq. Ft and 161 days on the market.

There are currently 68 Pending sales of Single Family Homes up to  $10,900,000.