Condo Owner

Volume19 Issue3 2015

Condo Owner publishes information vital to the business and pleasure of resort condominium ownership. Topics covered relate to real estate market trends, community association matters, rental management issues, tax and insurance updates and more.

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condo owner V O L U M E 1 9 • I S S U E 3 www.condo-owner.com 42 real estate What's Developing... Thirty-One A new luxury condominium project, Thirty-One, to be built along Florida's Scenic Highway 30-A in Walton County, has already generated a great deal of interest and excitement in the market. "In just a few short weeks, we have pre-sold 15 of the 31 residences representing more than $30 million in sales," said Michael McNeil, Vice President at Premier Development Group. "This $70 million project is the first condominium to be built on 30-A in nearly a decade." Prime Beach Destination Among the aspects of Thirty-One generating the most excitement is its location. "Having devel- oped condominium projects in the area for the last 20 years, we recognized the unique potential of this site. It is the last remaining undeveloped, 4 acre beachfront property on Highway 30-A," said McNeil. Scenic Highway 30-A is considered one of the most beautiful stretches of beach along the Gulf of Mexico. A 28.5 mile corridor that hugs the coastline in Northwest Florida's Walton County, it offers breath-taking vistas of white sand beaches and access to rare coastal dune lakes. Along with state parks, nature preserves and trails, several iconic communities, each with their own special architecture and charm, can be found along this route. "Centrally located in Seagrove, just 1.5 miles east of Seaside, the 3.92 acre property will pro- vide owners, their families and guests, with more than 335 feet of private beach." Luxurious Living Spaces As the name indicates, there will be 31 residences in the condo community, all perched 31 feet above sea-level, overlooking the sparkling white sand and emerald green waters of the Gulf of Mexico. All of the residences will be subject to a 30-day mini- mum rental, McNeil said. Buyers will be able to choose from five distinct floor plans, rang- ing from 2,458 square feet to 3,317 square feet. Each unit will have a private elevator, 10-foot ceilings and oversized beachfront balconies. The interiors of Thirty-One will include high-end finishes and materials, including stone countertops and flooring, Wolf and SubZero appliance packages, wet bars with refrigerators and icemakers, spacious laundry rooms and large, walk-in closets. Among the top-tier amenities, according to McNeil, will be a resort- style pool and expansive pool deck, a fully-equipped fitness center, an out- door owner's area with a fire pit and an outdoor kitchen, secure underground parking, private owner's storage rooms, street legal project golf carts and an owner's common area with a library and catering kitchen. Future Groundbreaking Projects "Due to the strong initial demand, plans are cur- rently underway to accelerate the development schedule. We have already received our Devel- opment Order, our Condominium Documents have been submitted to the State of Florida and our team of architects are nearing completion on the construction drawings," McNeil said. "On our current schedule, we plan to break ground in the fourth quarter of 2015, which means the building will be completed and ready for use before the summer of 2017." "We believe, and the early sales seem to prove out, that this is a unique opportunity to get in on the ground floor of what will be the ulti- mate destination for those who seek the pinnacle in architecture, design, location and foremost beachfront living." For more information visit www.31on30a.com. n The first condo to be built on 30-A in nearly a decade By Marcia Bradford

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