Phase I of Luxury Condominium Development Nearly Sold-Out as Construction Begins at Valencia

May 25, 2005 -- Valencia, South Jacksonville Beach's newest upscale condominium community, continues to grow as construction of Phase I has started and Phase II becomes available for purchase. The first phase of the gated neighborhood's luxurious one, two and three bedroom condominium homes includes the construction of an elegant community clubhouse and two of the five residential buildings. Phase II will continue to expand the community with the construction of an additional Mediterranean inspired building.

"Sales have just been phenomenal since we broke ground on the project," said Christy Levy of Lifestyles Realtors, exclusive sales and marketing agent for Valencia. "Having jumped from twenty closed contracts in January to more than 80 last month, Phase I is nearly 96 percent sold out."

Phase I consists of two residential buildings offering a total of 84 residences, and an upscale clubhouse that should be finished by the end of the summer. Building No. 1, with its delivery date of March 2006, is already constructed up to the second floor, and the foundation has been poured for Building No. 2, scheduled for delivery in June 2006. Meanwhile, construction of Phase II is expected to start very soon - and sell out even faster. "Due to increased interest and buyer demand we're planning to sell out Phase II in record time when it becomes available," said Levy.

This overwhelming interest is directly tied to Valencia's lush living environment, outstanding overall value and prime location. The community's Mediterranean inspired condominium homes are tucked away in a gated enclave within walking distance to a wide variety of local shopping, dining and sun-drenched beaches. At Valencia Books-a-Million, Stonewood Grill, World Market, Pier One, Publix, and Target are all just a short stroll from your front door. Ideally situated near the shorelines of Ponte Vedra Beach and South Jacksonville Beach and the shops of Marsh Landing off J. Turner Boulevard, the community is an attractive purchase for real estate investors, first-time homeowners, and empty nesters that desire a coastal lifestyle.

All amenities at Valencia have been carefully planned to provide residents with a relaxing retreat for body and soul. A full-service, concierge relieves owners of mundane daily chores, allowing more time to enjoy the community's calming environment of lush, formal gardens, charming courtyards, European-style plazas and verdant landscaping.

Both Phase I and Phase II offer magnificent courtyard views of the formal Spanish gardens. When not enjoying the picturesque view, residents can relax in the sparkling blue waters of the community's resort-style heated pool, unwind in an expansive community clubhouse with media room, or maintain a toned physique in the clubhouse's fully equipped, state-of-the-art fitness facility complete with steam room and sauna.

Valencia's five spacious floor plans range from the Bellavista's 1,356 square feet of living space, to the Santana and the Barcelona, each providing 1,868 square feet of stylish interiors. Features usually considered upgrades in other luxury condominium communities are standard at Valencia. Each home comes with an open gourmet kitchen, fully equipped with energy saving GE appliances. Mediterranean columns, 10-foot ceilings and dramatic recessed lighting accentuate the living areas of each stylishly enhanced condominium home. The luxurious master retreats all feature spacious baths with garden tubs, glass-enclosed showers and cultured-marble vanities.

According to Nancy Wahlke, Lifestyle Realtors site-agent for Valencia, with all the construction going on, "Excitement among buyers is high - and contagious. Not only are they pleased to see the beautiful buildings rising from the ground but they are so pleased that they purchased during the pre-construction period and their homes are appreciating so fast."

As these well situated and luxuriously appointed units appreciate, prices will continue to rise. Phase II will be available at pre-construction prices for a limited time. Real-estate savvy homebuyers and investors who act quickly have a rare opportunity to purchase this product before construction begins and the price increases.

Once complete, the community is comprised of five three-story Mediterranean style buildings set on 12 acres of pristine, professionally landscaped green space. With immaculate garden walkways lined by gently swaying palm trees, easy access to beaches' area nightclubs, boutiques, and eclectic eateries and only 246 total residences, Valencia offers a truly exclusive coastal lifestyle to the discerning homebuyer.

Visit the Valencia Sales and Information Center in the Marsh Landing Shopping Center at 950-270 Marsh landing Parkway. From J. T.B., exit right onto Marsh Landing Parkway, into the Marsh Landing Shopping Center. The Valencia Sales and Information Center is to the right of World Market.

For more information call (904) 273-9891. For more information about Lifestyles Realtors, call (904) 241-0855 or visit www.lifestylesrealtors.com.