Connect with us

Finance News

Florida mansion sells for millions as the highest-priced sale ever in this swanky neighborhood

Published

on

Florida mansion sells for millions as the highest-priced sale ever in this swanky neighborhood


A Florida home recently became the highest-priced sale in its beachfront town’s history, thanks to its “coastal elegance” and much more. 

The roughly 4,000-square-foot beachfront home in Santa Rosa Beach, Florida, located on highway 30A, sold for $8.55 million — a sale the whole town is apparently still talking about. 

In the heart of WaterColor’s Gulf District, this five-bedroom, six-bathroom home was completely renovated in 2018 to give it a modern comfort vibe, Fox News Digital learned. 

CITY IN FLORIDA CONSIDERED AMERICA’S BEST SPOT TO LIVE: WHERE DO OTHER CITIES STACK UP?

Maria McKenna, a luxury real estate adviser of the Spears Group at Compass, said that she represented the buyer from Chicago and that certain elements of the home stood out. 

“With its distinctive blend of coastal elegance, modern comfort and unparalleled panoramic gulf views, this home stands as a true gem in WaterColor’s Gulf District,” she told Fox News Digital.

home exterior

A Florida home recently broke the record for the highest-priced home sale in the town of Santa Rosa Beach.  (Dune Vacation Rentals / Fox News)

Sitting on an over 2,500-square-foot lot, the three-story home includes a first floor with a living room, sand and laundry room and more, according to the Compass listing. 

MOST AFFORDABLE BEACH TOWNS OF 2023 REVEALED — AND SOME ARE NOT WHERE YOU’D THINK

The first floor also includes a king suite with a private bathroom.

It has an adjacent bedroom with two twin beds and an en suite bathroom, plus another room with two sets of twin bunk beds and a bathroom. 

Living room

The home is just about 4,000 square feet and was renovated in 2018.  (Dune Vacation Rentals / Fox News)

Fit for up to 12 guests, the home also includes two full-sized kitchens, including a wine cooler, a range stovetop and a grill on the front balcony porch. 

5 BEACH-TOWN ALTERNATIVES TO TRY INSTEAD OF THE POPULAR AND CROWDED DESTINATIONS

Compass noted that the home has a private media room on the third floor near balconies that look out toward the coast. 

Home bathroom

The home sleeps 12 and has five bedrooms and six bathrooms.  (Dune Vacation Rentals / Fox News)

The luxury home also includes access to WaterColor’s private beach and amenities, such as pools and recreational facilities. 

For the area in Santa Rosa Beach, McKenna said this sale really increases the housing benchmark. 

OCEAN GROVE, NEW JERSEY, BEACH ORDERED TO OPEN ON SUNDAY MORNINGS FOR FIRST TIME IN 155 YEARS

“Its acquisition continues to push the benchmark for excellence in the Northwest Florida real estate landscape, reflecting the evolving preferences of buyers seeking unparalleled coastal living experiences,” she said. 

Bunk bed room

One of the home’s bedrooms includes two twin bunk beds.  (Dune Vacation Rentals / Fox News)

She added, “It also underscores a trend of increased interest in the 30A market from major cities across the United States.”

CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER

The 20-mile stretch of land off highway 30A between Destin and Panama, Florida, was named one of the top places to buy a beach home by Vacasa in 2023. 

House living room and bathroom

A home in Florida recently sold for millions of dollars in a popular neighborhood.  (Dune Vacation Rentals / Fox News)

A typical home along 30A costs about $640,000. 

With a cap rate of 4.6%, buyers can expect annual revenue of around $55,000 by renting it out

GET FOX BUSINESS ON THE GO BY CLICKING HERE

FOX Business’ Breck Dumas contributed reporting.

For more Lifestyle articles, visit www.foxbusiness.com/lifestyle.



Source link

Continue Reading

Finance News

Claim Your Divine Gift

Published

on

Product Name: Claim Your Divine Gift

Click here to get Claim Your Divine Gift at discounted price while it’s still available…

All orders are protected by SSL encryption – the highest industry standard for online security from trusted vendors.

Claim Your Divine Gift is backed with a 60 Day No Questions Asked Money Back Guarantee. If within the first 60 days of receipt you are not satisfied with Wake Up Lean™, you can request a refund by sending an email to the address given inside the product and we will immediately refund your entire purchase price, with no questions asked.

(more…)

Continue Reading

Finance News

Flags of Valor employs military veterans to create patriotic products

Published

on

Flags of Valor employs military veterans to create patriotic products


For Flags of Valor – a veteran-owned and operated business that has shipped more than 96,000 flags to doorsteps nationwide – the phrase “made in America” lies at the foundation of everything it stands for.

“For over 10 years, we’ve been saying the same thing – we build American products, on American wood, with American tools, made by American hands,” Flags of Valor founder and military veteran Brian Steorts told FOX Business. “And we do it while giving back to the causes that matter – supporting veterans, educating youth, and honoring service and sacrifice at every step.”

VETERANS SHARE PATRIOTISM, PRIDE AND PRODUCTIVITY WHILE ALSO PROMOTING ‘MILITARY WORK ETHIC’

Founded in Virginia in 2015, Flags of Valor is known for its handcrafted, wooden U.S. flags, as well as military and first responder flags. The business currently has 10 employees, the majority of whom are veterans and military spouses.

Flags of Valor currently has 10 employees, the majority of whom are veterans and military spouses.

Flags of Valor currently has 10 employees, the majority of whom are veterans and military spouses. (Flags of Valor)

Each material used by the Flags of Valor team – from the woodworking tools to the tape for the shipping boxes – is sourced from American companies, according to Steorts.

FROM BOMB SQUAD TO BAKER AND COFFEE MAKER: FORMER DEPUTY CRUSHES A NEW BUSINESS

“We believe that’s the only way it should be done,” Steorts said.

Steorts, a combat veteran who was deployed nine times, served in the U.S. Army as a paratrooper and later as an Air Force special operations pilot. 

In 2013, he got into woodworking after returning from one of his deployments injured and “mentally and physically” broken, he said. During that same time period, Steorts also lost four friends in combat and his sister to mental health struggles.

Founded in Winchester, Virginia in 2015, Flags of Valor is known for its handcrafted, wooden U.S. flags, as well as military and first responder flags.

Founded in Winchester, Virginia, in 2015, Flags of Valor is known for its handcrafted, wooden U.S. flags, as well as military and first responder flags. (Flags of Valor)

“I wanted something patriotic on the wall of my house – something that meant something,” Steorts said. “I found therapy in [woodworking], and I found philanthropy in it by donating my first couple of flags to the widows of my buddies that passed, and I just knew I wanted to do more.”

While Flags of Valor’s best-selling products today are its wooden U.S. flags, the business also sells patriotic home and office decor, awards, memorial displays, corporate gifts, employee recognition pieces, Christmas ornaments, clothing and accessories, and more, Steorts said. 

VETERAN-OWNED BREWING COMPANY PAYS TRIBUTE TO FALLEN HEROES: ‘GREAT AMERICAN BEER’ TO HONOR SACRIFICE

“One of the most important things we’re doing right now is building memorial flag cases – because our heroes deserve a final resting place for their flag that’s made by a veteran-owned American company, not mass-produced overseas,” he said.

Flags of Valor Founder Brian Steorts is pictured with Donald Trump

Flags of Valor Founder Brian Steorts is pictured with U.S. President Donald Trump at the White House in 2017. (Flags of Valor)

In addition to employing veterans, Flags of Valor has also given back by donating $1.7 million to veteran-operated nonprofits. 

During the COVID-19 pandemic, the company also launched a Kids Flag Building Kit, a hands-on activity to help educate children about the history and values the American flag represents. Each year, during the weeks of Veterans Day and Memorial Day, thousands of students across the nation use the kits to create their own American flags.  

CLICK HERE TO GET THE FOX NEWS APP

“We believe in educating our youth and passing freedom on to the next generation,” Steorts said. “It’s more than a project – it’s about patriotism, education and preserving what matters most.”



Source link

Continue Reading

Finance News

Consumers may face higher beef prices from businesses

Published

on

Consumers may face higher beef prices from businesses


High beef prices have been weighing on U.S. businesses and consumers.

They have forced some businesses to make tough decisions about how to handle the increased costs, and some are passing the costs on to customers. 

Rob Passio, the owner of Lombardi’s Prime Meats in Philadelphia, told FOX Business correspondent Jeff Flock on “Varney & Co” that “there’s only so much you can absorb as far as the hit to your bottom line before you say to yourself you have to raise these prices.” 

The butcher shop, Passio said, hasn’t seen its customers balk at higher prices “because they see it.” 

EGGS ARE NOT THE ONLY EXPENSIVE FOOD: BEEF PRICES ARE ALSO ON THE RISE

ground beef

Organic ground beef Oct. 30, 2020, in Bavaria, Nuremberg (Daniel Karmann/picture alliance via Getty Images / Getty Images)

“They see the inflation. They see the pricing. You know, everything is up,” he told Flock.

Bureau of Labor Statistics inflation data measured by the consumer price index (CPI) showed prices for beef and veal were up 2.4% month-over-month and 7.6% year-over-year in February. 

The overall CPI posted a 0.2% increase month-over-month and a 2.8% jump year-over-year.

Courtney Schmidt, sector manager at Wells Fargo Agri-Food Institute, told FOX Business last month that high beef prices were driven by tighter U.S. beef production with consistent consumer demand.

The U.S. cattle herd is experiencing a down cycle, with cattle inventories at historically low levels in 2025, according to Schmidt.

Beef is more expensive

Demand for beef has remained strong since the pandemic, according to the American Farm Bureau Federation. (Kennedy Hayes/Fox News  / Fox News)

The U.S. Department of Agriculture (USDA) reported in late January that U.S. farms had 86.7 million head of cattle and calves. The count for beef cows specifically was 27.9 million, a decline of 1% compared to the same time last year, according to the USDA.

“I know they’re killing smaller cattle, so they’re trying, I guess, to kill them faster to create the supply that demand is needing,” Passio said. 

Some big companies source beef from Canada and Mexico, Flock reported on “Varney & Co.”

GET FOX BUSINESS ON THE GO BY CLICKING HERE

President Donald Trump imposed 25% import tariffs on goods entering the U.S. from those two countries March 4 and, more recently, introduced exemptions for Mexico and Canada on goods under the United States-Mexico-Canada Agreement until early April.

Such a levy on imported beef would “increase the price,” according to Passio, adding that consumers “are going to pay for it.”

“My philosophy is to sell it as low as you can to show a savings, a value to the customer. And hopefully you have more customers to generate your revenue,” the Lombardi Prime Meats owner told Flock.  

beef in supermarket

Packages of beef are displayed for sale at a supermarket Jan. 12, 2023, in Foster City, Calif. (Liu Guanguan/China News Service/VCG via Getty Images / Getty Images)

In the U.S., ground beef averaged $5.63 per pound in February, while the per-pound price of boneless sirloin steak came in at $11.90, according to data from the Federal Reserve Bank of St. Louis. Those average prices were 9.6% and 1.6% higher, respectively, than the same month in 2024.

EGG PRICE SPIKE: WE ARE ‘PAST THE TOUGH PART,’ AGRICULTURE SECRETARY ROLLINS SAYS

The USDA projected in a report released this month that U.S. beef production is poised to amount to 26.685 billion pounds this year. 

Daniella Genovese contributed to this report.



Source link

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.