" The Ritz-Carlton on Amelia Island opened in 1991 and with the hotel celebrating its 30th anniversary the Ritz has announced some new improvements to the hotel. For starters the 446 guest rooms are being redesigned and renovated to offer Smart Tv's and reconfigured and expanded living space. There also will be some dining changes with the Pub now closed and being transformed into the Tidewater Grill with a possible March opening. In a normal year the hotel will host celebrities, major corporations, sports leagues, etc. More than 10 years ago the hotel had a major expansion of business meeting spaces to accommodate the shortage they had experienced since the opening of the hotel. The spa was also expanded and enhanced. It has been reported that this Ritz is actually one of the most profitable in the entire hotel chain. This Ritz-Carlton also has been a gateway for many guests, either here for leisure or business, to one day become residents of Amelia Island. I myself am in this category.
On the topic of people moving to Amelia Island here are the final 2020 MLS real estate statistics. Home sales were up 18.9% with the last half of the year much higher than that. Cash sales amounted to only 21.3% with historically low mortgage rates impacting this lower than normal amount. The average home sale price in the county was $422,056 with homes selling on average at 98% of list price. Condo sale prices averaged $540,290 with about 50% being cash sales. Condo sale prices came in at 97.1% of list price.
I hope you find this update useful." - Gary Farnsworth