Dreaming of a seaside abode? Tom Petty's ex-oceanfront property up for sale at an attention-grabbing price.
Hot Damn, Spend That Dough: Florida's Oceanfront Properties Aren't Cheap, But Worth It
Real estate heavyweights Phil Gutman, Ian Bruce Eichner, and Isaac Toledano explain why Florida's "Condo 3.0" bill is a must (Fox News Digital). Seeking a piece of musical history? Tom Petty's former beach retreat home, 5372 Atlantic View, is now up for grabs on Anastasia Island for a cool $3,245,000 (FoxBusiness).
Luke Newcomer, Newcomer Group co-founder and listing agent, describes the location as a "high elevation, strong dune protection haven with some of the best beaches in the region." The 5-bedroom, 4-bathroom beachfront oasis offers coveted features such as a private pool, direct beach access, and short-term rental zoning, making it a prime choice for either a permanent residence or an investment property.
Ocean properties across Florida come in a range of prices, from a modest $300,000 to a whopping $7 million, depending on location and property type (Realtor.com).
Newcomer worked with the current homeowner after purchasing the property from Petty, who also received two additional lots in the deal. The restoration project preserved the home's original charm while upgrading its plumbing, electrical systems, roofing, resurfaced pool, and rebuilt private beach boardwalk. Savvy Buyers have been drawn to this property since its listing, with many being ardent Petty fans.
Spanning over 3,200 square feet, the home blends indoor and outdoor spaces harmoniously. The home also features expansive windows and multiple outdoor balconies, offering sweeping views of the Atlantic Ocean. As Newcomer remarks, "As fans of his music and legacy, it's been incredibly rewarding to help bring this piece of history back to life for the next chapter and new owner."
*FLOOR IT: $29M CAR LOVER'S HOME IN FORT LAUDERDALE ON THE MARKET*
Florida's diverse ocean properties cater to a variety of budgets, but luxury areas like Palm Beach can be pricier (Realtor.com). Single-family homes in Florida have a median price of approximately $413,000, while condos and townhomes have a median price of around $315,000. Red-hot markets like Venice have single-family homes priced between $400,000 and $550,000.
Despite the hefty price tags, Florida's coastal properties have shown strong appreciation rates, with annual increases of 5-10% in major markets, and high rental potential due to Florida's tourist-friendly climate and lack of income tax (Realtor.com). Whether you're a music lover or just in search of a dreamy oceanfront escape, Florida has something to offer for every budget—as long as you've got the dough.
- The upgrading of the former Tom Petty beach retreat home on Anastasia Island, now listed for $3,245,000, includes improvements in plumbing, electrical systems, roofing, resurfaced pool, and a rebuilt private beach boardwalk.
- Phil Gutman, Ian Bruce Eichner, and Isaac Toledano believe Florida's "Condo 3.0" bill is essential for real estate investors seeking prime properties.
- Seeking a piece of musical history, Tom Petty's former beach retreat home offers coveted features such as a private pool, direct beach access, and short-term rental zoning, catering to both investment and residential interests.
- The real estate market in Florida boasts a wide array of ocean properties, with prices ranging from $300,000 to $7 million, depending on location and property type.
- Celebrities and petty buyers alike are drawn to the finances of Florida's real-estate market, with strong appreciation rates (5-10% annually) and high rental potential due to the tourist-friendly climate and lack of income tax.
- Luxury areas like Palm Beach have higher prices for ocean properties, while red-hot markets like Venice offer single-family homes priced between $400,000 and $550,000—but finding your dreamy oceanfront escape may require substantial investment in the housing-market.
