Is San Marco going to go up in flames? (economically speaking)

[civil42806]

Last 6 months sold. 400k-1Mil

San Marco:
Address                       Sub-Division                Bed Bath           Age App.        SqFt       Sale Price   
1478 Riverplace Blv #906 San Marco Place           3 F2                 1                 2,379     $500,000   
825 Waterman Rd S San Marco                          5 F3                58                 3,549     $515,000   
3870 San Jose Granada No No                           4 F2 H1             9                  3,216     $560,000   
2734 White Oak Ln River Oaks                           4 F3 H1            72                  2,774    $575,000   
4009 San Jose San Marco                                4 F3 H1              71                3,385     $740,000
4063 San Jose Bv Miramar Terrace                     3 F2 H2            20                 2,650     $460,000 89   
1208 Norwich Rd Ardsley                                 4 F3                 53                 2,924       $475,000 219   
1431 Riverplace Bl #2906 The Peninsula             2 F2                  0               1,649         $475,000 559

Sprinfield:
1420 Silver St Springfield                                 4 F3 H1              2                 2,546       $400,000 

Ahhhhhhhh I see, San Marco Area my misunderstanding. Personally I like my westside home 4/3.5 pool 25 years old .5 lot, 149500

[jtwestside]

I think the biggest hurtle Springfield will have is the getting over all of the deeply rooted negativity that some in Jacksonville have in regards to the area.

I know (from post here) that those who live there know what I'm talking about. I've found that as soon as you mention that you're looking to buy in that area it's akin to announcing that you're moving to the middle of the Gaza Strip and your mere sanity is questioned. You have to explain why the Urban living appeals to you, why you don't want live in the burbs, or better (worse) yet why you don't just buy acres of land somewhere in Hickville, Fl!

Sorry for the rant, it's been building for some time. My bigger point is that the people who live there aren't the only ones who are needed to sustain a vibrant commercial district and I think Springfield will have to work a little harder than the rest to pull the rest of the city in.

[Captain Zissou]

I don't know why Wayne Weaver has become the benchmark of this income argument, but you should get your facts straight.  Wayne Weaver lives in Lakewood\San Jose, about 5 miles south of San Marco.  The area labeled as San Marco consists of more than just River Road.  There are areas east of San Marco Boulevard that are a much more accurate comparison to Springfield than what everyone seems to be using as their examples.  I'm sure everyone on the forum makes plenty of money, and congratulations for that, but very few people in Duval county can touch the folks on the east side of River Road.  Any argument dealing with those sorts of extremes serves no purpose.

[uptowngirl]

Captain Zissou - my point (sarcastic as it was) exactly.

DowntownParks- you nailed it.

I am not trying to slam either neighborhood, I personally like both, my whole point is some continue to dismiss Springfield and the purchasing power we do have and continue to increase. In speaking of disposable income there is a difference, we have not been hit as hard in the down turn, it tends to be a younger professional group with potentially not as much encumbrances. I just don't think if San Marco's is struggling, it means Springfield is going to be worse off, very different demographics.

[Lucasjj]

Wayne Weaver no longer lives in the Lakewood/San Marco area, but in Riverside...just to get the facts straight :-)

[fsujax]

I thought Wayne Weaver sold his mansion in San Marco and moved to Villa Riva in Riverside? so, i guess that would shift the wealth from San Marco to Riverside. Anyway, there are some good hard working folk in Springfield like me who make above the average. I know for a fact there are several doctors and lawyers who live in the "hood". It's a great place to be and I am perfectly sane.

[ChriswUfGator]

I don't know why Wayne Weaver has become the benchmark of this income argument, but you should get your facts straight.  Wayne Weaver lives in Lakewood\San Jose, about 5 miles south of San Marco.  The area labeled as San Marco consists of more than just River Road.  There are areas east of San Marco Boulevard that are a much more accurate comparison to Springfield than what everyone seems to be using as their examples.  I'm sure everyone on the forum makes plenty of money, and congratulations for that, but very few people in Duval county can touch the folks on the east side of River Road.  Any argument dealing with those sorts of extremes serves no purpose.

Actually it's you who needs to get the facts straight. He sold that house several years ago and now lives in Riverside. Which MUST mean he's really strapped for disposable income...

http://www.jacksonville.com/tu-online/stories/110406/bum_5976978.shtml

[ChriswUfGator]

Wow! I did not realize that Historic Springfielders only made 50K a year! Shoot I must be the Wayne Weaver of Springfield then!!!!

Where the heck have you been? I bet I could pick out three names here that are quite wealthy too, but those people you listed do not make up for the hundreds of small ranch houses that go for 400-500K (at least when i was looking three years ago). The people purchasing those homes are not "Wayne Weavers". It is like saying Alrington is full of rich people, by measuring only the people living on the riverfront LOL!  I am not slamming San Marco, I am just saying on the whole, we have people making the same amount of money with lower housing and other expenses (such as the younger age of residents here that would not have college tuition for kids). Why so hostile? termite traps? you seem to have some issues with Springfield LOL! You think termites are only in Springfiled, well do I have news for you!

Ok, so then let's hear your list of Springfield multimillionaires and billionaires...

[Jason]

Let's not turn this discussion into a fight over which neighborhood is better.


Back to topic please.   

[downtownparks]

I agree. Clearly Springfield is, so lets move on :-)

[ChriswUfGator]

Lol. Downtownparks, whoever you are, I like you.

[David]

On the lower end of the scale you also had Gino's bistro & Pizzeria relocate from their old location next to Lanops to a new locatoin near Univ & St augustine rd. Quiznos nearby has also shut down.

[thekillingwax]

I guess it's sad but Matthew's Market lasted longer than I thought it would, to be honest. It's a neat place but priced waaaay out of my league.

[ChriswUfGator]

I guess it's sad but Matthew's Market lasted longer than I thought it would, to be honest. It's a neat place but priced waaaay out of my league.

Mine too.

And to be honest, I can't ever picture myself spending $40 on a small block of cheese, or $50 for some pate anyway, even if I had all the money in the world. It wasn't just that it was expensive, it was also overpriced. There wasn't a lot of value for what they charged.

Is the restaurant still open?

[JeffreyS]

I love Mathew's market I call dibs on the gazpacho.