One of the most frequently asked questions I get is. “Where is the next place to buy? I want to buy a home with a community that’s underrated and who’s value will skyrocket in the next decade.”
For a while it was New Smyrna Beach. New Smyrna Beach’s median home value 5 years ago was $290,000. Today it’s $425,000! Edgewater’s current median home value is $300,000, about where New Smyrna Beach’s value was at 5 years ago today. So why do I think Edgewater will be the next New Smyrna Beach, or potentially better?
SpaceX. You know, Elon Musk’s first project before diving into Twitter. It was announced last year that Onicx Group, a Tampa-based real estate firm and Aries Capital’s joint venture in purchasing 83 acres of industrial land in Edgewater, FL. The plan is to build a SpaceX Industrial Park consisting of 7 buildings totaling well over 1,000,000 square feet. They are breaking ground on construction this month! Edgewater City Manager Glenn Irby is excited for the new project saying ““Space Coast Industrial Park at Parktowne is a huge deal for Edgewater, and the latest development by Onicx Group is very exciting for us. As a staff, we look forward to working with them to make their future as bright as possible.”
It’s unknown on the exact number of jobs SpaceX Industrial Park will bring. But you could assume at least several thousands over the next few years. If you want to buy in Edgewater let us know by filling out this form!
Or if you want to buy one of our amazing listings check out 1855 Lime Tree here in Edgewater.
Thanks for reading,
Chris
