The Reverie Report | Grace Point on 30A Market Overview

The Reverie Report Grace Point on 30A | Market Overview July 2021

Grace Point on 30A

South Walton’s Premier Boutique Neighborhood

This area along 30A is known as a place to enjoy privacy and a relaxed beach lifestyle away from the noise and fray of the rest of the world.

This intimate, gated community infuses the nostalgia of yesteryear with modern conveniences through eloquent craftsmanship and unique, yet luxurious finishes. The beach is steps away where you can enjoy early morning yoga on the sand or sunset walks along the coastal dunes to the water’s edge. Welcome to the fusion of luxury and the playful, relaxed spirit of 30A. Welcome to Grace Point.

Inspired by massing and textural elements set forth by regions like Nantucket, Massachusetts, Grace Point seeks to craft a similar place among the sand pines and dunes of the Florida Gulf Coast.

The archetype being followed was created out of necessity mandating the use of local materials, proven construction techniques, and a limited color palette dictated by available natural colors.

How does this inform Grace Point architecture? Massing and lot usage are key to successful home design. Meant to mimic timetested design elements, the challenge of creating properly proportioned masses that carve a place on any given lot is the goal.

Primary, secondary, and tertiary massing should be augmented with textural material changes in order to produce the proper balance of size and mass in relation to the street and open green spaces within Grace Point. This design solution draws from the coastal Florida architecture native to the region.

July 2021 Grace Point | Pg 2

Grace Point At a Glance Closed Sales Volume

$12.5M 2021 YEAR TO DATE

Sales Price to List Ratio

99% 2021 YEAR TO DATE

Through the use of proven marketing strategies and a true mastery of the Grace Point community, Corcoran Reverie has become the go-to brokerage for the Grace Point community with over $12M in closed sales volume over the first six months of 2021 within the community.

Providing on-site sales expertise and international exposure.

Average PPSF

$855

Corcoran Reverie has secured a 99% sale to list price ratio for Seller clients in Grace Point with an average of only 22 days on market year to date for 2021.

It has been a highlight of my real estate career to be a part of the development, marketing, and sales of the luxury boutique community, Grace Point. To have been able to see these homes go from conception to reality and now seeing families enjoy these beautiful homes brings so much joy to me.

There was a vision for a unique lifestyle for this community and has more than exceeded those expectations. The concept was for owners to have an intimate community experience where neighbors would know each other and their kids and grandkids would be able to easily and safely bike, walk to the beach club, and enjoy the pool, tennis, and beach.

It has also been incredible to see the values throughout the community soar because of the craftsmanship, architectural design, access to worldclass amenities, and the sought-after community connectivity.

Hilary

Hilary Farnum-Fasth Broker & Owner, Corcoran Reverie

Average Days on Market

2021 YEAR TO DATE

22

The increase in average sold price per foot secured by Corcoran Reverie is over $55 higher when compared to Grace Point sales not brokered by Corcoran Reverie year to date.

Grace Point homes not marketed and brokered by Corcoran Reverie have taken, on average, three times longer to sell with an increase in days on market of over 108% year to date.

2021 YEAR TO DATE

Ranked #1 $535,164,427

Corcoran Reverie is currently ranked the #1 office based on closed and pending sales volume for the first half of 2021 among all offices within the Emerald Coast Association of Realtors.

Ranked #4 2021 Top Corcoran Affiliates

by Realogy & The Corcoran Group

Ranked #5

2021 Florida Small Teams by Volume Sold

by America's Best, Real Trends

July 2021 Grace Point | Pg 3

Grace Point sales data is based on total closed and pending volume within the Grace Point community as reported by Emerald Coast Association of Realtors on 07/01/2021 for the time period beginning on 01/01/2021 and ending on 07/01/2021. Source data is deemed reliable but not guaranteed.

be dreamy. be wordless. be one. be home.

Recently Closed 2021 Grace Point Notable Sales

25 Peace Lane

27 Honor Lane

LISTING OFFICE: CORCORAN REVERIE

LISTING & SELLING OFFICE: CORCORAN REVERIE

SOLD DATE: 06/21/2021

SOLD DATE: 04/10/2021

$3.85M

July 2021 Grace Point | Pg 5

$3.895M

87 Grace Point Way

17 Patience Lane

LISTING OFFICE: CORCORAN REVERIE

LISTING & SELLING OFFICE: CORCORAN REVERIE

SOLD DATE: 05/28/2021

SOLD DATE: 05/04/2021

$2.3M

$2.55M

Data is based on total closed and pending volume within the Grace Point community as reported by Emerald Coast Association of Realtors on 07/01/2021 for the time period beginning on 01/01/2021 and ending on 07/01/2021. Source data is deemed reliable but not guaranteed.

Currently Pending 2021 Grace Point Notable Pending Sales

Lot 22 Patience Lane

$3.25M LISTING & SELLING OFFICE: CORCORAN REVERIE

July 2021 Grace Point | Pg 6

Lot 31 Patience Lane

$4.3M

LISTING & SELLING OFFICE: CORCORAN REVERIE

Lot 2 Grace Point Way

$7.55M LISTING & SELLING OFFICE: CORCORAN REVERIE

Data is based on total closed and pending volume within the Grace Point community as reported by Emerald Coast Association of Realtors on 07/01/2021 for the time period beginning on 01/01/2021 and ending on 07/01/2021. Source data is deemed reliable but not guaranteed.

The History of Corcoran Reverie Corcoran Reverie is the culmination of more than two decades of luxury real estate training, experience, and success by Broker & owner Hilary Farnum-Fasth. Consistently ranking among the top realtors and Brokerages in Northwest Florida, she realized it was time to embark on a journey to redefine the real estate industry, opening the luxury boutique brokerage Hilary & Reverie in WaterSound Beach, FL., in July of 2018.

In a twist of fate, the New York City-based Corcoran Group identified Hilary, and her thriving brokerage Hilary & Reverie, as a leader in the panhandle and invited her to affiliate with The Corcoran Group.

"After 23 years in real estate, and the amazing success of Hilary & Reverie in such a short time, I wasn’t really looking for anything else, and never expected that my reverie would come true," says Hilary Farnum-Fasth, “and I would find myself affiliated with The Corcoran Group. This is truly the stuff that dreams are made of."

On April 21, 2020, Hilary & Reverie merged with 30A Realty, an iconic brokerage along Scenic Hwy 30A, to become the fourth affiliate of the Corcoran Group, launching Corcoran Reverie with the first-ever virtual launch in the Corcoran Group’s history.

On May 18, 2021, Corcoran Reverie expanded into the Destin market with the acquisition of the award-winning RealJoy Properties, levering their strength and reputation in Destin to further expand Corcoran Reverie's reach across Northwest Florida.

Hilary was first licensed as a real estate salesperson in 1997 prior to becoming a Broker in 2010. A true expert in luxury real estate, she leverages over $1B in career sales volume and a true mastery of the industry to lead the most innovative full-service luxury Brokerage in Northwest Florida. With a record-setting closed sales volume of $560M in 2020 alone, Corcoran Reverie's team of luxury specialists, comprised of some of the areas most preeminent Brokers and agents, continues to achieve market records by providing the highest level of service and expertise.

Mindful of the needs within the local community they serve, Corcoran Reverie is proud to partner with area nonprofits including Food for Thought, Inc, The Sonder Project, and Girls, Inc.

The beach lifestyle starts with living at the beach.

Now with three locations across Northwest Florida to turn your Seagrove

reverie

into reality.

The HUB on 30A

Destin

4042 E Co Hwy 30A, Ste D Next to Donut Hut & Goatfeathers Seagrove Beach

32 Hub Lane, Ste 6 Across From Shore Thing Cigars Inlet Beach

4014 Commons Drive, Ste 100 Next to Destin Paint Center Destin, FL

850.231.5030

850.231.5030

850.424.3094

corcoranreverie.com

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