Overview
Constructed in 1985, Ashley Club consists of 224 residential units located in Pensacola’s Goulding submarket. This highly desirable submarket is a well-developed, residential pocket featuring scenic views as it sits along the coast of the Pensacola Bay. The residential landscape in Goulding is primarily single-family homes and condominiums, ranging from $150k-$1.2 million. Several homes directly on the bay have recently sold in excess of $1 million just minutes from Ashley Club. People choose to live in Goulding to settle in a relaxing family oriented environment while being within 10-15 minutes from the metro’s largest employers, retail destinations, universities and thoroughfares. Further, Ashley Club reigns as the premier apartment complex in the submarket with regard to quality, size and amenity set. Ashley Club is also one of the only apartment complexes on the Goulding peninsula creating organic demand, while minimal developable land creates barriers to entry for new competition.
The primary industries driving Pensacola’s metro are Naval Air Station Pensacola (the country’s largest military training facility), healthcare, education, finance and tourism. More than 23,000 military and civilian personnel are employed at Naval Air Station Pensacola. The base is primarily a training facility, which has allowed it to escape the instability related to large-scale deployments as well as the risk of closure during past base realignments, and employment has been steady over the last decade. As the largest metro in the northwest Florida region, Pensacola also has a significant concentration of medical and educational employers including several small to mid-sized colleges and large hospitals, with a combined total employment of approximately 29,000. Those anchors provide a stabilizing counterbalance to the more seasonal tourism industry, which employs 24,000 within the metro area. Professional employment has also been a growth engine for Pensacola in recent years, driven by the ongoing expansion of the Navy Federal Credit Union, which has recently brought an influx of jobs to the metro in the financial sector.
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