Real Estate Naples Florida

"If you are looking for a property to hold on to for the next five years, the time to buy is today. We are still very undervalued compared to other areas of Florida."

The St. Joe Company (NYSE:JOE), headquartered in Jacksonville, FL, is the largest landowner in the Florida panhandle, owning over 718,000 acres of prime development land -- half of it within ten miles of the coast. It has been a large player in the region for many years, beginning as a timber company but realizing in recent years that the value of its landholdings was far greater as resort and development property. So now St. Joe is in the property development business, with major activity focused in Walton County.

According to St. Joe's Investor Relations Department the long term outlook for Florida panhandle real estate is very strong.

Long-term economic and demographic trends continue to favor Florida, whose economy is fundamentally strong and diverse. Florida's population is expected to increase by three-fourths (to 28.6 million) by 2030. Its population growth rate regularly outpaces that of the rest of the United States: over the past forty years, its yearly rate of growth has exceeded the U.S. average by 100%. By 2010 Florida will pass New York to become the country's third most populous state.

The State's strong, diverse economy regularly outpaces the U.S. mean, with a vibrant tourism industry, lots of high-tech employment and a robust high-tech manufacturing sector. A big military presence with a number of busy and expanding bases provides stability to the region's economy. Within the Florida panhandle, Walton County has one of the lowest unemployment rates in Florida and the country.

Florida is the commercial center of the Western Hemisphere. Geographic location, as well as economic and political stability, places the State at the center of trade and business throughout the Western hemisphere. Vacation residence sales to retirees remain robust, since the State is a favorite spot for retirement relocation.

Northwest Florida's beaches are Florida's second favorite tourist destination, behind only Orlando. Emerald Coast beaches attract more than seven million tourists yearly, more than any other stretch of beach in the eastern United States.

Beaches in the Florida panhandle have been rated as some of the most spectacular in the nation and the world. Beaches in Walton, Bay and Gulf Counties have been chosen for the number one ranking by Dr. Stephen P. Leatherman, an authority on beach quality and author of America's Best Beaches.

Northwest Florida enjoys a delightful climate, with mild winters, lots of sunshine and clear days. The Florida panhandle lies in U.S. Climate Zone 8, the same climate zone as famed resort/residential areas such as Hilton Head (SC), Amelia Island (FL), Kiawah Island (SC) and St. Simons and Sea Island (GA). The State's beauty and variety of landscape is legendary. Northwest Florida has a distinctive geography, culture and cuisine that is very different from Miami or Orlando.

The Florida panhandle draws approximately seven million visitors annually. According to Visit Florida, Florida's tourism and visitor department, one-third of these tourists are from families with incomes over $75,000 and 16 percent are from families with incomes over $100,000.

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