A charming 672-square-foot home set along Florida’s scenic 30A highway recently changed hands. And set a new local real estate record in the process.
The property is located in Seaside, Florida, an area best known for its iconic role in The Truman Show and recognized as the birthplace of the new urbanism architectural movement along the 30A, which passes through a collection of small, unique, beautiful beach towns nestled quietly between busier areas like Destin and Panama City.
Despite its modest size, the 1-bedroom, 1-bath home sold for $2,900,000, setting a new record of $4,135 per square foot — the highest ever recorded in Seaside, Fla.
The record sale was brokered by Jonathan Spears and Lyndon Jackson with Spears Group at Compass, who shared with us that the previous record for price per square foot in Seaside, Florida was $3,935.
Beyond its picture-perfect location, the 672-square-foot home is one of only 12 exclusive new urban honeymoon cottages that line Seaside’s idyllic beaches.
“What makes this property truly captivating is its enchanting fusion of two remarkable attributes: the unparalleled views, and its coveted proximity to the charming Seaside Square,” says listing agent Jonathan Spears, the founder of the Spears Group, which was named the #16 medium-sized real estate team in North America by The Wall Street Journal. “Seaside Square serves as the heart of 30A, putting the area firmly on the map with its delightful array of local shops and restaurants.“
High real estate prices are not uncommon for the area.
The small resort community in northwest Florida is known for its late-20th-century New Urbanist design, as well as its pastel-colored houses featuring porches and white picket fences.
Widely seen as a coastal haven with a very high quality of life, Seaside is a sought-after location for buyers looking for a relaxed lifestyle.
Talking about the Seaside real estate market and its allure among wealthy buyers, Spears explains the appeal: “It’s the grandfather of new urbanism and the lifestyle aspect of being able to park your car and walk or bike to world class restaurants, shopping and local entertainment is a staple that continues driving value.“
But the $2.9 million sale of the 1-bedroom cottage stands out, even for the highly competitive market which tends to command impressive prices.
“In Seaside, Florida, the median sales price per square foot stands at an impressive $2,621, reflecting the exquisite nature of this coastal haven,” Jonathan Spears says in an exclusive comment for FancyPantsHomes.com. “Typically, other properties in this area tend to sell for a median price of $3,323,500, further emphasizing the desirability of Seaside’s real estate market.”
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