Eglin AFB, FL Real Estate News

By Wendy Rulnick, "It's Wendy... It's Sold!"
(Rulnick Realty, Inc.)
The Homeowner Assistance Program (HAP) for the military has just received the Department of Defense directive that will affect military PCS sellers who are upside down on their mortgages.  I have published a series of updates on HAP, and this just-released update is summarized from the HAP website due to the urgent need for Eglin Air Force Base and Hurlburt Field airmen who have received orders: Although DoD guidance has been established, we are unable to begin processing applications until we comply with rule making procedures established by the Administrative Services Act. District field offices are reviewing applications for compliance with DoD guidance and will notify applicants of eligibility as early as possible.Implementation Rules and Eligibility Criteria for American Recovery a...
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By Wendy Rulnick, "It's Wendy... It's Sold!"
(Rulnick Realty, Inc.)
    Since writing Eglin AFB and Hurlburt Field: Homeowner Assistance Program (HAP) for Short Sales, more information has come to light.  Or lack of thereof!  I have received numerous calls and emails looking for clarification on how the program will be implemented, and how it will affect PCS sellers (military relocation term meaning "permanent change of station").  Currently, the issue is there is no directive from the Department of Defense as to how to process HAP applications, nor many program specifics.  My area, from Navarre to Destin, Florida and up through Niceville and Crestview has approximately 3000 airmen relocating to other bases around the country and the world.  Many of those airmen purchased homes during 2004-2006, and do not have enough equity to sell their houses when t...
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By Brandon Jordan
(ERA American Real Estate)
Brandon Jordan | Coldwell Banker United | 850-758-1236 346 John King, Crestview, FL Ideal for large family. 5 bedroom,3 bath 5BR/3BA Single Family House offered at $199,000 Year Built 1987 Sq Footage 2,024 Bedrooms 5 Bathrooms 3 full, 0 partial Floors 1 Parking Unspecified Lot Size .50 acres HOA/Maint $0 per month DESCRIPTION Ideal for large family. 5 bedroom,3 bath. Home comes with nice size lot;South of I-10 totally remodeled all brick home. New appliances,new light fixtures,new carpet and tile throughout,and paint, security system, New 13 seer a/c heat pump system with new duct work,new "low E" vinyl windows,upgraded wiring,new outside doors,new 50 gal water heater, and more.Looking for low maintenance and high quality? This is the house for you. This is a must see.Call us today to ...
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                                                                                                      Detached Single Family . MLS#: 513902 OfficeFile#: ListPrice: $99,000 Status: Active ApproxSF: 1,320 BG: Address: 195 CABANA WAY $/Sqft: $75.00   CRESTVIEW, FL Bedrooms: 3 Zip: 32536 Baths Full/Half: 2/ County: OKALOOSA Stories: 1 MainArea: 25 Crestview Area YearBuilt: 2005 SubArea: 02 CRESTVIEW SOUTHWEST OccStat: Occupied Subdiv: RIDGE CREST PH II ImmOcc?   ParcelID: 18-3N-23-1261-000C-0120 ConstrStat: ConstrCmplt ElemSch: SOUTHSIDE Middle: RICHBOURG High: CRESTVIEW Dir: Hwy 85 N to Hwy 90 West. After first stoplight turn on Llyod Street and go a few blocks to Ridge Crest Subdivision. Turn left on Song Bird, then left again. Home is on your left hand side. Legal: RIDGE CREST PH II LOT...
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By Karen Butler, Eglin AFB/ Fort Walton Beach /Destin Relocation
(RE/MAX Coastal Properties)
  The Air Force Assistance Fund, , which last year raised $6.7 million is a a fund that benefits active duty, reserve, guard, retirees, surviving spouses and families, kicks off March 30 and will run through May 11. As a 20 year Veteran myself, I know the benefits the existence of this fund has provided to some of my friends and co-workers through the years.  You never know when that emergency will arise that you couldn't plan for.  A death or family emergency in the family, and you don't have the funds for that exorbitant airfare to get you home tomorrow.  I definitely support it and hope you will too. The Air Force Assistance Fund is an opportunity to serve our fellow airmen and their families, past, present and future, donating to the fund embodies the heritage of the Air Force: "mut...
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By Karen Butler, Eglin AFB/ Fort Walton Beach /Destin Relocation
(RE/MAX Coastal Properties)
State Sen. Don Gaetz thinks there may be reason to worry about Florida's military bases, and says military spending could be reduced, leading to more base realignments and closures, even if the process is never called "BRAC." While he thinks it can happen within the next few months, I promise nothing regarding the military happens in months. Last week, Gaetz introduced a bill  which was co-sponsored by Sen. Durell Peaden, R-Crestview, the bill will establish a Florida Council on Military Base and Mission Support with nine unpaid members: three each appointed by the governor, president of the Senate and speaker of the House. to protect Florida's interests.  Military bases in Florida represent about a $60 billion economic impact, and the military presence is the third-largest economic dr...
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By Wendy Rulnick, "It's Wendy... It's Sold!"
(Rulnick Realty, Inc.)
Due to the draw-down of the 33rd Fighter Wing at the Eglin AFB complex, approximately 2000 airmen are being relocated from the Emerald Coast of Florida to other air force bases around the country and world.  In addition, about 1000 personnel from Hurlburt Field are moving to Cannon AFB in Clovis, New Mexico.  Unfortunately, airmen in the Fort Walton Beach, Crestview, Navarre, Niceville and Destin areas of Florida are facing the same predicament as most Americans.  Many have mortgage balances that are more than the market value of their homes.  Typically, when faced with a forced military move, and such choices as to lease out their homes with insufficent rent to cover the mortgage, or foreclosure, the preferred strategy was to conduct a short sale. A short sale occurs when the seller's...
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By Karen Butler, Eglin AFB/ Fort Walton Beach /Destin Relocation
(RE/MAX Coastal Properties)
I think that President Obama made a wise decision to leave it up to the families.  Personally, as a 20 year USAF Veteran, I think it is a very somber and private moment in time forloved ones.  I used to be stationed at Dover AFB, Delaware.  It is the port of entry for remains returning from the European theater.  And having been a member of the Services Squadron and the Aerial Port Squadron, I understand what the media fails to, and that is the delicacy of the situation.  The people that take part treat every moment with the reverence and honor these men and women deserve.  And having been there, it's hard not to perform your duties without having tears in your eyes. It is a time when families welcome back their husbands, wives, and children.  It's not something that should be open to n...
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By Wendy Rulnick, "It's Wendy... It's Sold!"
(Rulnick Realty, Inc.)
I am privileged to represent Major Jason M. Trew, a pilot with the United States Air Force, as a real estate client.  Major Trew is stationed at Eglin Air Force Base.  I have Major Trew's home listed for sale in Freeport Florida because he is being required to relocate by the Air Force to a new base.  Like many others in the military, his property value has declined to an amount lower than his mortgage balance. Major Trew is not a property flipper nor a speculator.  He earnestly relocated to the Emerald Coast of Florida for the military, as directed by the United States government, and invested in a home for his family in March 2007.   I am printing his letter to Congress, with his permission, of grave concern regarding the new American Recovery and Reinvestment Act of 2009, and its af...
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By Karen Butler, Eglin AFB/ Fort Walton Beach /Destin Relocation
(RE/MAX Coastal Properties)
   Since last July, when it was announcement that the Post-9/11 GI Bill would be a reality, veterans have been asking a million questions. Questions ranging from "Am I eligible?" to "Can I use it to get vocational training?"   The following are two of the most commonly asked questions When can I apply for the Post-9/11 GI Bill? -or- When can I apply for benefits ? Best Answer: The New Post-9/11 GI Bill does not go into effect until August 1, 2009, the VA is working to get the processes in place to start taking applications. However at this point it is unknown as to when the application process will begin. The VA Says: VA is not currently accepting applications for the Post-9/11 GI Bill, however, once VA begins accepting applications, you are encouraged to submit your application on-line...
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By Karen Butler, Eglin AFB/ Fort Walton Beach /Destin Relocation
(RE/MAX Coastal Properties)
If you or a family member have been or is currently serving in a combat zone here is some very useful information.   Working with the Department of Defense, the Internal Revenue Service identifies taxpayers who are serving in a combat zone so that we may suspend compliance actions, such as audits or enforced collections, until 180 days after the taxpayer has left the zone. Taxpayers qualifying for such combat zone relief may also notify the IRS directly of their status through a special e-mail address: combatzone@irs.gov. They should provide name, stateside address, date of birth and date of deployment to the combat zone. They should not include any social security numbers in an e-mail. This notification may be made by the taxpayer, spouse, or authorized agent or representative. The IR...
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By Karen Butler, Eglin AFB/ Fort Walton Beach /Destin Relocation
(RE/MAX Coastal Properties)
With 100 miles of white sandy beaches & beautiful emerald waters, the Northwest Florida Panhandle is one of Florida's best kept secret vacation destinations, -- even for those of us that live here year round. And soon, military members may have a new option on where to stay should they choose Fort Walton Beach to unwind.  Eglin AFB is in the works to enter into a long-term lease agreement with a private developer to provide first-class, affordable resort accommodations to our military members and their families. The resort would be located on Okaloosa Island at Test Area A-5, 17 acres directly adjacent to the west side of the Sheraton Four Points hotel.                                                                                                                             The view fr...
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By Wendy Rulnick, "It's Wendy... It's Sold!"
(Rulnick Realty, Inc.)
Bulletin: Good news for the Emerald Coast of Florida. The Air Force has just announced the F-35 Joint Strike Fighter program will be brought to Eglin Air Force Base. Eglin AFB is the largest contributor to the economy in Northwest Florida, and the biggest military institution in the Department of Defense.  The decision to bring in 59 new aircraft by 2015 will add 10,000 military members and families will be a boost to the community.  The surrounding towns impacted by this new growth include Fort Walton Beach, Niceville, Crestview, Navarre, Destin, Santa Rosa Beach and vicinity. Here is the release from Major Generald David Eisdaune: From: Eidsaune, David W MajGen USAF AAC AAC/CC Sent: Friday, February 06, 2009 2:03 PM I am proud to announce that the Air Force has signed the Initial Reco...
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By Karen Butler, Eglin AFB/ Fort Walton Beach /Destin Relocation
(RE/MAX Coastal Properties)
Breaking  News!! MajGen David Eidsaune USAF AAC AAV/CC just announced that the Air Force has signed the Initial Record of Decision to bring the F-35 Joint Strike Fighter to EAFB!  This announcement allows the delivery of 59 aircraft between March 2010 and 2015. This decision will also allow for the construction of facilities for the JSF Initial Joint Training Site, which includes instructor pilots, operations and maintenance support personnel and provides an initial capability for one squadron each of F-35s for the Air Force, Navy and Marine Corps.   The community will still see an increase of approximately 10,000 military and dependent personnel with the 7th Special Forces Group and the F-35 Training Center.  Military construction is expected to bring $700 million to the local area.   ...
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By Kelly Klein, "Doing Great Things Today to Improve Tomorrow"
(Berkshire Hathaway HomeServices | Pen Fed Realty)
I live in Destin home to the military with Eglin Air Force Base and Hurlburt Field.  This ad was at the entrance to the base.    What is your thoughts? Just so you know, it was taken down. Kelly Klein Santa Rosa Beach FL Homes For Sale Are you looking to buy one of the beautiful Santa Rosa Beach FL Waterfront Properties? If you need any help, allow us to be your guide. Our real estate services cover Santa Rosa Beach and the surrounding communities, as well as the Rosemary Beach Florida Real Estate area. Our team of agents work hard so you don't have to, and we would be happy to help you find your dream home today. When looking for the best Panama City Beach FL Real Estate Agents, rest assured that we also service this area. As the number of master-planned communities here increase, Wate...
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By Kerry Veach
(RE/MAX Southern Realty, Southern Resort)
Eglin AFB is the largest AFB in the United States.  They have over 288,000 acres that they use for bombing range, Special Opps and Ranger training.  With the BRAC realignment Eglin is getting a new division from Fort Bragg.  They have just cleared off a few hundred acres to start building the new base. We are planning to have near 12,000 new troops by 2010.  They are also getting the new F-35. Crestview is the closest town to the new base and there is very affordable housing and plenty off it.  My office has a new subdivision going in called Freedom Walk designed just for our Military.  Homes are being built  with GREEN Construction and will priced in the $180,000 range.  Semper Paratus- always ready for your referrals. 
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By Brandon Jordan
(ERA American Real Estate)
Detached Single Family . MLS#: 479594 ListPrice: $525,000 Status: Active ApproxSF: 1,500 BG: Address: 502 TAILSPIN DR     HOLT, FL Bedrooms: 2 Zip: 32564 Baths Full/Half: 3/ County: OKALOOSA Stories: 1 MainArea: 25 Crestview Area YearBuilt: 2007 SubArea: 11 HOLT OccStat: Vacant Subdiv: YELLOW RIVER AIRPORT ImmOcc? Y ParcelID: 09-2N-25-0000-0024-0050 ConstrStat: ConstrCmplt ElemSch: BAKER Middle: BAKER High: BAKER Dir: From Holt Exit off I-10 go south on Log Lake Rd turn left on Tail Spin property is on the right. Legal: COM NE COR LOT 45 HILLCREST GROVE W870 FT TO POB W 145 FT S276 FT E145.& COM NW COR BLK G LAKEWOOD EST N229 FT N81 DEG E108 FT TO POB N81 DEG E230 FT Land your plane right in front of your home.Exclusive Airport home.As you enter,you'll immediately notice this home's op...
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By Brandon Jordan
(ERA American Real Estate)
Press release came across my mailbox today.Who do you turn to for economic security along the Emerald Coast when the bottom drops from the real estate market? The military. A study released by Enterprise Florida concluded that military spending remains one of the state's leading growth industries. DOCUMENTS: Read the entire Florida Defense Factbook Read the economic impact analysis: Volume 1 , Volume 2 and Volume 3 It's particularly valuable to Northwest Florida, where defense-related spending accounts for 35 percent of gross regional product. According to the "Florida Defense Industry Economic Impact Analysis" completed by the University of West Florida's Haas Center for Business Research and Economic Development, between Oct. 1, 2004, and Sept. 30, 2005, in Okaloosa County: l Eglin Ai...
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By Brandon Jordan
(ERA American Real Estate)
EGLIN AFB - Local home builders and property managers facing economic slumps have a chance to reverse their fortunes. Air Force officials are hosting a housing privatization industry forum at Hurlburt Field Soundside Club later this month. The forum will give businesses interested in building or managing some 1,300 housing units on Eglin Air Force Base and Hurlburt a chance to learn about privatization. Tours of base housing areas will be included. A tour of the housing area at Edwards Air Force Base, Calif., is scheduled for Feb. 28. Eglin, Hurlburt and Edwards have bundled their housing privatization initiatives to pool scarce dollars. "It makes better financial sense," said Kathy Lawhon, Eglin's housing flight chief. After a couple of fits and starts, the local privatization effort h...
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Eglin AFB, FL Real Estate Professionals