Real estate veteran Jimmy Winemiller draws upon more than four decades of experience in the development and acquisition of residential, commercial, and agricultural properties across the Southern United States. Jimmy Winemiller assisted with the sale and purchase of a former housing site for Patrick Air Force Base families in Satellite Beach, Florida. Coldwell Banker Commercial Paradise sold the 27.44 acre property to Woodshire-Brevard, LLC for $13.5 million.
Plans for the property involve its conversion into an upscale residential community that will provide oceanfront views and feature four luxury seven-story condo buildings. Each will have 2 Penthouses that will span more than 4,000 square feet each, pending plan approval from the city of Satellite Beach. The plans require the demolition of existing structures, which will include 105 houses.
The redevelopment project represents one of Satellite Beach’s largest developments in years, according to city manager Courtney Barker. Officials supporting the project expect it to produce a substantial sum in ad valorem taxes and contribute millions of dollars in economic impact to the seaside community.
