Cypress Dunes & Breeze questions.....

[Matt J]

Cypress Dunes' value is dropping fast, on par with the gas mileage in my Pathfinder. It has its share of mid - longer term renters paying 1300-1600/month, while living in a houses that sold anywhere from 600,000 to a 1,000,000. Talk about positive cash flow. I believe C. dunes and its plight with its geological classification is rapidly becoming r.e. local knowledge. This in part may have played a role in the sudden depreciation, (besides worldwide financial collapse). Oh, but I guess 50%, no make that 75% of the realtors out there don't know or will not tell. Kinda scary huh? I heard the annual premium out there on private flood insurance could put you in a nice new KIA. It's a shame ain't it-that cypress pond is nice.

I looked hard in cypress dunes 3 months ago and just wasn't that impressed with the development. The far west end of 30-a just looks panama city like to me. You can hardly find cypress dunes as the signs so small. The houses look ok but the mls pictures are very decieving as the lots and houses are much smaller than the pictures. I wouldn't be suprised to see several homes in there sell for the high 200's and lots for $75 k. Is cypress dunes located in a flood plain?

Wow, such bashing. How does the west end of 30A look anything like Panama City? What part of Panama City, the part on the beach? Panama City doesn't have any beach frontage.

 

[TooFarTampa]

If it is true that Cypress Dunes owners cannot be a part of FEMA's flood insurance program then that is a very serious problem. It is my understanding that one reason Cape San Blas' values are lower is because of that very reason. I would imagine the flood issues are different but the result -- owner headaches -- would be the same.

 

[gmarc]

No its much nicer than panama city but in comparison to blue mountain to rosemary its just not in the same league. I guess what looks panama city like to me is all the homes on stilts near stinkys.Don't get me wrong its still very nice but i got spoiled by water color,seaside and alys beach

 

[Matt J]

No its much nicer than panama city but in comparison to blue mountain to rosemary its just not in the same league. I guess what looks panama city like to me is all the homes on stilts near stinkys.Don't get me wrong its still very nice but i got spoiled by water color,seaside and alys beach

Actually the Dune Allen area (that's the area you are referring to) reminds me of St. George Island or Cape Sanblas. While I like the other areas you list, sometimes non-homogeneous Disney-esque conformity can be beautiful too.

 

[jerome]

Confirmed by a few upper echelon realtors and r.e. buffs

I looked hard in cypress dunes 3 months ago and just wasn't that impressed with the development. The far west end of 30-a just looks panama city like to me. You can hardly find cypress dunes as the signs so small. The houses look ok but the mls pictures are very decieving as the lots and houses are much smaller than the pictures. I wouldn't be suprised to see several homes in there sell for the high 200's and lots for $75 k. Is cypress dunes located in a flood plain?

That's the news on the block. It's in a Cobra zone, no state flood backing and subsidizing for you my friend. You are all on your own, but allowed the freedom and pleasure to search for a policy amongst insurance companies that provide flood insurance at rates that may require mild to heavy sedation for the purchaser. Of course we all know insurance policies are about as dependable as dividends nowdays- there when not needed, not there when needed.

Prices have receded in C.D. but, uh.... upper $200 is a possibility, (especially since the world's ending in 2012), but I think improbable, unless it's a short sale/bank owned, ready to be auctioned. Or it is that little 1300+ banger spec on a bad lot hocked by a distressed reflippin specutraitor. John Willis is a reputable, solid builder, but the development has a few strikes against it. Some of the C.D. homes may come close to approaching the grandeur of Watercolor, but the development is in no way comparable to Cypress Breeze. Legend has it that a former NBA/NFL star who flopped in an amusement park venture conceived and developed Cypress Breeze under the influence of some hallucinogenic substances. And pulled it off! Just a rumor, mind you. Anything was possible here in the boom years. Sorry I missed that bus.

Now as far as comparing west 30A to P.C. - wow, I must go back and check that place out again. All I can recall from high schoool was seedy motels w/ concrete floors that included a "pukin" pipe in the middle of the room. And I am not that old. I didn't notice that many homes on stilts. Hey, but that was high school!

 

[Matt J]

Is there some confusion over flooding?

Cypress Dunes = most of 30A under water BMB becomes Blue Mountain Island
Cypress Breeze = swampland

 

[traderx]

All I can recall from high schoool was seedy motels w/ concrete floors that included a "pukin" pipe in the middle of the room

Ahhh, the good ol' days. Nothing quite like the PCB jail. :shock:

 

[Matt J]

Ahhh, the good ol' days. Nothing quite like the PCB jail. :shock:

You'll be sad to know that hey start demolition next week.

 

[jerome]

the good ol' days

Ahhh, the good ol' days. Nothing quite like the PCB jail. :shock:

I remember the Baldwin County juvenile facilities my friend!

 

[AAbsolute]

Is there some confusion over flooding?

Cypress Dunes = most of 30A under water BMB becomes Blue Mountain Island
Cypress Breeze = swampland

Gayboi, You do know that Cypress Breeze is 35 feet above sea level don't you? There are cypress stands and wetlands in certain areas but the community set those areas aside as conservation lands and they have nothing to do with the residential homesites. All the homesites have their buildable uplands and the community was sympathetic to the environment. There's a lot of wildlife in Cypress Breeze and it's buffered and protected.