Back Naples, Fla. – September 15, 2020 – Halstatt Real Estate Partners, a real estate private equity firm, announced increased sales and activity across all of its residential properties. Halstatt has completed four condo sales in Osprey, Fla. at its Edgewater at Hidden Bay development and closed on the sale of two properties in the Estates at Abacoa located near Jupiter, Fla.
“We are seeing increased demand across all of our Florida based residential properties. The migration trends we were seeing prior to the COVID-19 pandemic have intensified as more people have the ability to work remotely, are thinking about their next life chapter and want to avoid more densely populated areas,” said Bobby Sullivan, principal, Halstatt Real Estate Partners. “We are delighted at the renewed interest in Florida and continue to see movement and opportunities within residential real estate.”
Edgewater at Hidden Bay
Edgewater at Hidden Bay sits on a 2.8-acre parcel located within the Hidden Bay residential community in Osprey, Fla. The development consists of 36 condominium units all with direct views of Little Sarasota Bay. The community is located off of U.S. 41 and about 18 miles from the Sarasota-Bradenton International Airport. Halstatt has closed four condo sales for an average price of $600,000.
Estates at Abacoa
Estates at Abacoa is an infill residential development project comprised of 13 residential lots within the master planned community of Abacoa, which is located in Jupiter, Fla. Abacoa is a premier community of around 6,000 homes in Palm Beach County, well known for its top-notch school system, the Abacoa Town Center, and its live-work-play atmosphere. The residential community is located off of I-95 and is in close proximity to Juno Beach. Halstatt recently sold two homes within the development for approximately $1M each.
Halstatt Real Estate Partners identifies value add and opportunistic real estate projects throughout the Florida market. The company partners with qualified sponsors to develop and implement a strategic business and capital improvement plan to maximize demand driven development opportunities.