Another Chelsea Loft Unit SOLD!

In February, Liz Bobeck and Josh Nugent sold out the remaining developer's units in The Chelsea Lofts to a single investor. Now we've done it again. We've just negotiated the purchase of an individually owned unit by the same investor. These units are then available for rental with Sago Real Estate.

Located at 2064 Herschel Street in Riverside, the Chelsea Lofts offer a terrific lifestyle. The building, brand new in 2007, is located on a fully residential corner within one block of all the vitality of Jacksonville's Five Points. The Riverside Publix, Starbucks, Al's Pizza, Chinese and Japanese restaurants, O'Brother's Irish Pub, Mossfire Grill, Five Guys, Starlight Lounge, Lomax Lodge, the 5 Points Theatre, Underbelly, Anomaly, Edge City, Hair Peace, Wall Street Lounge, Grassroots Natural Market, Snap Fitness, beautiful Memorial Park on the St Johns River — and much more — are all within a few blocks' walking distance!

If you think you're ready for the "5 Points lifestyle" contact Sago for rentals or check out these continually updated sites for real estate listed for sale in 1661 Riverside Avenue and, for riverfront, the Broadview Terrace and the Broadview Towers.

As always — contact me, Josh Nugent, with any real estate question.

Beau Rivage 11F - large riverview unit at great price

It's no surprise that I think the Beau Rivage is a great building — fellow agents Dee Burnett, Marcia Simmons and I created a stand-alone website highlighting the Beau Rivage as historic Avondale's only riverfront highrise condo. The building has recently renovated its extensive common areas and installed a modernized exercise room, leading out to its riverfront pool.

Unit 11F has just come on the market at a great price of $250,000. It's a spacious 2-bedroom / 2 bath design — the bedrooms and living areas are all very large, with terrific Southern views of the St Johns River.
But it's the exterior spaces which will take your breath away! 11th-floor units at the Beau Rivage Condos have unique floor plans. They have "bump-outs" giving them more interior space than any other units, even those on the penthouse level one floor up. And, unlike any other units their balconies fully open to the sky with no overhang.

Check out the full listing of Beau Rivage 11F — or contact me, Josh Nugent, for any real estate inquiry.

Great New Price on City-View Riverfront

$1.3 Million is the new low price on my listing at 3869 Timuquana Road. This property is 1.25 acres of prime riverfont in a secluded section of Venetia just past Timuquana Country Club.

Modern architectural details combined with a generous patio / pool deck and front and back yards which go on forever offer the right buyer unlimited potential.

The home is a 1950's Florida modern designed by Miami architect Gordon Severud. It was featured in a Florida home and garden magazine in 1956. For those with an eye towards Jacksonville's midcentury architecture, 3869 Timuquana Road represents a terrific opportunity for a remodel. For any buyer, the large lot in a secluded, exclusive neighborhood with wide St Johns River views is hard to beat.

View full listing for more information. Or contact me, Josh Nugent with any Jacksonville real estate question.

Tax Credit Ends; Deal Season Begins

There was a mad rush of buyers putting in contracts by April 30 to take advantage of the federal government's tax credits for home-buyers. April 30 was the deadline and a staggering eleven contracts were turned in at my office, Prudential Network Realty's Avondale / Ortega branch.

If you are a potential buyer you might be thinking you missed a great opportunity for getting up to $8,000 in tax rebates. While it is true that the tax credits for home buyers are no longer available, it is also true that there are still a great many properties available on the market. And the pool of buyers just shrank dramatically. That's why I am not joking when I say that "Bargain Season" is just beginning. Some sellers will be motivated to come down much more than $8,000. Especially with fewer buyers competing for those properties.

Please contact me, Josh Nugent, so that I can assist you in taking advantage of this great time to buy real estate anywhere in Northeast Florida.

Fantastic Opportunities on 5 Points Condos!

Today I'd like to call attention to two different condo bargains currently available in 5 Points. I've written quite a bit about the 5 Points area of Riverside, because it truly is Jacksonville's most walkable, vibrant neighborhood.

There are a couple of great opportunities for buyers in the oldest and newest 5 Points condos, both adjacent to beautiful Memorial Park on the St Johns River. The Park Lane was Jacksonville's first high rise condo residence. The stately exterior still appears as in this vintage post card; inside, the building's Penthouse is thoroughly modern.

The Penthouse of the Park Lane is now available for only $350,000! This stunningly remodeled unit covers the entire top floor of the building and features wide-ranging river views. The current owners spared no expense in their recent renovation, but have moved on — so they've recently made a $600,000 price reduction to signal prospective buyers that they are ready to sell.

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1661 Riverside is the newest condo development facing Memorial Park. The building features an attractive brick exterior, a parking garage, interior courtyards, and modern loft interiors in the units.


There is a special opportunity on one unit at 1661 Riverside right now: a 3% down payment! Every other available unit in the building requires down payments of 25%. But this property falls under the Fannie Mae HomePath program

Please contact me, Josh Nugent, for help with these great buys or any other Northeast Florida real estate question.

Reminder: Tax Credit for Homebuyers Expires at End of April

Tax Credit is for First-Time Buyers and Some Repeat Buyers

As I've written before, any qualified homebuyer who signs a contract for a new primary residence by April 30 and closes by June 30 is eligible for tax credits potentially up to $8000.

First Time Homeowners (any single person or couple who have not owned their principal residence in the last 3 years) are eligible to receive 10% of the value of the purchased residence, up to $8000, as a refundable tax credit.

Existing Homeowners (any single person or couple who has used the home being sold or vacated as their principal residence during 5 of the preceding 8 years) are eligible to receive 10% of the value of the purchased residence, up to $6500, as a refundable tax credit.

The tax credit must be applied either to an amended 2009 return or on a 2010 return filed by April 15, 2011. In both cases the purchased home must cost less than $800,000 and the buyers must fall within certain income parameters (which the vast majority of Americans do). There is more information and answers to these questions at the excellent Federal Housing Tax Credit Homepage. Or, as always, you may contact me, Josh Nugent.

Beautiful Weather Brings Bounty of Open Houses

Today and tomorrow is a day full of some great Open Houses!

Look for me tomorrow at 4454 Ortega Forest Drive from 1 until 4 p.m.



It's a beautiful home on the Ortega River. Come see me.


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Check out the full list of Prudential Open Houses in Northeast Florida!