This home was just listed today. Please visit the “Remodeled Homes” link for more information. House looks amazing and is priced to sell quick!

Construction of the new airport remains ahead of schedule - with only 36% of the time allotted on the heavy civil construction portion of the contract used, the project is currently 46% complete.

Walbridge, the company slated to build the terminal building and all support buildings was scheduled to be on site this week.

Preparation of the terminal building pad is complete and it is ready for construction to begin. Walbridge is just waiting on the Notice to Proceed from the Airport Authority Board, which is expected any day.

The project is moving forward on all fronts.  Currently:

• The stabilized sub grad for the terminal parking lot area is complete, the curbing for the lot is ongoing and the limerock base is nearly 60% complete.

• Curbing on the loop road is ongoing.

• The General Aviation area access road is being final graded.

• The flight line storm sewer is 85% complete.

• On Runway 16-34, the asphalt base layer was scheduled to start going down on October 10, 2008.  Concrete paving on the runway is expected to begin on November 11, 2008.

• The earthwork on Taxiway D is 97% complete, with the stabilized sub grade 65% complete.  The limerock base is nearing 50% completion.  Asphalt paving is anticipated to start October 10, 2008.

• The security fence around the perimeter of the airport is 46% complete.

• Earthwork on the perimeter road is nearing 85% completion and the stabilization of the sub grade is ongoing.

As reported from newpcairport.com

Beazer Homes, a top 10 national homebuilder has announced the grand opening this weekend of its signature model homes at Whisper Dunes, a new community just a half mile from the Gulf.

Grand Opening hours are from 10 a.m. to 6 p.m. Saturday, Oct. 18 and noon to 6 p.m. Sunday, Oct. 19. With prices beginning in the $170,000s, Whisper Dunes is located on 78 acres on West Back Beach Road, five minutes from Pier Park and just 3 miles west of HWY 79.

One and two-car garages are available and all homes are three bedrooms with 2½ baths, with some floor plans having an owner’s suite on the first floor.

Beazer has kept and aggressive construction schedule since beginning the project in April and expects the first homes to be ready for move-in within the next six weeks, according to Matt Brandman, president of Beazer’s Northwest Florida Division. Designed for both permanent and seasonal buyers, the first phase will include 44 homes and once complete, Whisper Dunes will include 156 town homes and 222 single family attached villas ranging in size from 1,500 to 2,000 square feet.

“Beazer is bullish on Panama City Beach and we believe this area of the state will be a large growth corridor for business and commerce, creating the need for developments like Whisper Dunes and other future Beazer communities. While others may be putting the reins on new construction during challenging market conditions, we have put Whisper Dunes on the fast track, realizing that for those who have good credit and the right down payment this is a great time to buy a new home,” said Brandman.

Geared toward those who want maintenance-free living close to the beach, shopping, restaurants, outdoor activities and entertainment, Whisper Dunes residents also will enjoy a cabana, swimming pool and network of walking trails, some of which are expected to be completed in November.

Whisper Dunes is Beazer’s first venture into Panama City Beach and its second project in Northwest Florida where it is building homes in Tallahassee’s SouthWood community. As in SouthWood, Beazer purchased the land for Whisper Dunes from the St. Joe Company.

Pier Park sits on almost 93 acres with approximately 1.1 million square foot open-air regional lifestyle center, bringing unique shopping, tourist attractions and dining to the Panama City Beach area.

Located on Front Beach Road in the heart of Panama City Beach, Pier Park is ideally located to serve the area’s growing residential community, exploding condo market, and over 7 million tourists that visit each year.

This unique open-air regional retail environment provides over 100 retailers, entertainment, dining, including the famous Jimmy Buffett’s Margaritaville and tourist attractions not only for the Panama City Beach area, but also for the entire Emerald Coast.

Pier Park is a Simon “Signature Project” and will serve as the premier shopping destination for the Panama City market and the entire Emerald Coast. Simon Property Group, Inc. is an S&P 500 company and the largest public U.S. real estate company.

There are several advantages to owning your on home that you may not be aware of.

(1). Building Equity - Equity is simply the difference between the value of your property and what you owe on it.

·     When you buy a home, part of your monthly payment gets applied toward your principal. By doing this you build equity every time you make a mortgage payment, until you have eventually paid your mortgage off and own the home outright.

·     Homeowners also build equity through appreciation. Your home is typically your largest financial asset and the value can be positively affected by factors like home improvements, inflation and the demand.

·     The appreciation of equity in your home is one of the easiest and most successful ways to build wealth.

(2). Your own touch!

·     Since you own your home, you can design and decorate to your own taste. If you want to add an addition, remodel the kitchen or just paint wacky colors it’s all your decision. By spending money and remodeling in the right places you can also help the value of you’re home.

(3). Tax Advantages.

·     Mortgage Interest - One of the biggest advantages to owning a home is that the interest you pay on your mortgage is tax-deductible.

·     Property Taxes - You can claim property taxes you pay as an income tax deduction.

·     Moving expenses – In some cases you are allowed to write off many of your moving costs when you buy a new home at least 50 miles closer to your job than your old home.

·     Tax-free profits – In some cases you don’t have to pay taxes on any profit you make when you sell your home.

*Please consult your tax advisor.

The construction of the new Panama City - Bay County International Airport is ahead of schedule. The entire 1300 acres of the initial footprint is cleared with crews ready to start paving the main entry way from Highway 388 in the next couple of weeks.

The recent approval of the state budget that included $12 million from the state will fund the first extension of the runway. Day one of operation for the new airport will include a full 10,000 foot runway. In addition, all the preparatory work will be done so that when they need to lengthen the runway to the full 12,000 feet, it will take a mere matter of months.

The entire site consists of 4,000 acres that can be used for the airport and all future expansions with a total 1,300 acres permitted for construction right now. Phase I will include a primary runway of 10,000 feet and a secondary cross-wind runway of 5,000 feet. The primary runway will run almost due north at 340 degrees with the secondary at around 50 degrees.

Currently, clearing and grubbing of the entire 1,300 acres is almost complete with grading already taking place for the runways and road entry way from Highway 388. There is an almost 60 foot elevation difference between the south and north part of the new Panama City Airport property. The grading process will level the road and runway by scraping up dirt from the north part and dumping, flattening and compacting it on the south part of the property. Huge trucks drive back and forth every day slowly completing this process.

Timelines

The grading of the runways and road entry ways is on schedule to be complete late summer/early fall with the paving to begin immediately upon completion of grading. Paving should be complete by fall 2009.

Vertical - the construction of the terminal, air traffic control facilities, safety facilities, air cargo building, maintenance facilities, rental car facilities and the fuel farm - is set to begin fall 2008 and should be complete by late 2009 or early 2010.

Construction of the general aviation area should begin early 2009 which will include the corporate hangars, private hangars and FBO’s. The two current FBO’s at the current airport are planning to move when the new airport is operational. They are Sheltair and Precision AvJet.

Also, the Airport Authorities goal is to obtain LEED (Leadership in Energy and Environmental Design) silver status certification by using all recycled materials including concrete, carpet fibers, etc. All landscaping and vegetation will be native plant species transplanted from the surrounding

The dire headlines coming fast and furious in the financial and popular press suggest that the housing crisis is intensifying. Yet it is very likely that April 2008 will mark the bottom of the U.S. housing market. Yes, the housing market is bottoming right now.

How can this be? For starters, a bottom does not mean that prices are about to return to the heady days of 2005. That probably won’t happen for another 15 years. It just means that the trend is no longer getting worse, which is the critical factor.

The next question is: Even if home sales pick up, how can home prices stop falling with so many houses vacant and unsold? The flip but true answer: because they always do.

In the past five major housing market corrections (and there were some big ones, such as in the early 1980s when home sales also fell by 50%-60% and prices fell 12%-15% in real terms), every time home sales bottomed, the pace of house-price declines halved within one or two months.

The explanation is that by the time home sales stop declining, inventories of unsold homes have usually already started falling in absolute terms and begin to peak out in “months of supply” terms. That’s the case right now: New home inventories peaked at 598,000 homes in July 2006, and stand at 482,000 homes as of the end of March. This inventory is equivalent to 11 months of supply, a 25-year high — but it is similar to 1974, 1982 and 1991 levels, which saw a subsequent slowing in home-price declines within the next six months.

Information taken from gottabuypanamacity.com