PenFed Realty Opens New Real Estate Sales Office in Niceville, Florida

PenFed Realty expands its footprint in Florida Panhandle real estate market with the addition of its new Niceville location.

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Royce Mitchell, managing broker of PenFed Realty’s Niceville and Destin branch offices.

Royce Mitchell, managing broker of PenFed Realty’s Niceville and Destin branch offices.

Our new office is in the perfect location to service the Niceville community and nearby military installations.

Niceville, Fla. (PRWEB) April 30, 2014

PenFed Realty announced today that the grand opening for its new Niceville, Fl. location will be on May 9, 2014. This new real estate sales office is located at 1073 E John Sims Pkwy, and is the second realty branch opened by PenFed Realty in the Florida Panhandle.

Niceville is home to the U.S. Army Airport (Eglin Field) and is located in Okaloosa County along the shore of Choctawatchee Bay. Its suburbs include Crestview and Fort Walton Beach. The subtropical climate boasts 343 days of sunshine a year, and average summer temperatures of 70-92 degrees.

The average list price for Niceville real estate is $347,389, the properties range in price from $49,900 to $3,700,000, and the average size of property is 2,305 square feet.1 The Niceville real estate market has experienced steady growth in the past several years and is largely a residential community.

“Our new office is in the perfect location to service the Niceville community and nearby military installations,” said Royce Mitchell, managing broker of PenFed Realty’s Niceville and Destin branch offices. “We are uniquely positioned to service both existing PenFed members and non-members with their real estate needs as the Niceville Penfed Realty office is next to the Niceville PenFed branch.”

Royce continues, “We have five outstanding REALTORS® in our new Niceville Office with combined experience of over 50 years. With the addition of Cathy Alley, Kelly Shephard, Jeff Matz, Missy Hooker, and Sharlyn Thomas, I am convinced that we have the ability to offer our clients in Niceville, and the surrounding cities, the highest quality service and products. Our agents are seasoned veterans in the profession and bring years of quality service to our clients."

“The Niceville branch opening is an important part of PenFed Realty’s plan to expand in the Florida real estate market,” said Shashi Vohra, president and CEO of PenFed Realty and executive vice president of Affiliated Businesses at PenFed. “Providing PenFed members, in the Florida Panhandle, with easier access to all of our services is something we’re very excited about.”

For more information about PenFed Realty’s Florida coastal locations, visit or call 850.729.0176.

1 Data current as of April 29, 2014,

About PenFed (Pentagon Federal Credit Union):

Established in 1935, PenFed is one of the largest credit unions in the country serving over 1.2 million members worldwide; with more than $16 billion in assets. Its longstanding mission has been to provide superior financial services, responsive to members’ needs in a cost effective manner. PenFed offers market leading mortgages, automobile loans, credit cards, checking, and a wide-range of other financial services with its members’ interests always in mind.

Serving a diverse population, there are many ways to become a PenFed member; including numerous association members and employee groups. PenFed is federally insured by the National Credit Union Administration, does business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act, and is an equal housing lender.

About PenFed Realty

PenFed Realty, wholly owned by PenFed (Pentagon Federal Credit Union), is a full-service real estate company with an annual sales volume over $2.8 billion; serving PenFed members as well as the general public. Recognized as a leading real estate company in its service area, it is ranked among the top 25 Prudential affiliates nationwide. Over 1,700 top-notch sales professionals work out of PenFed Realty’s 50+ offices to provide complete real estate services nationwide.

Prudential PenFed Realty is an affiliate of the Brookfield/Home Service Franchise (Formerly Prudential Real Estate) Residential Property Services network. Its franchises are independently owned and operated. The network provides franchises with numerous benefits, including access to Prudential Real Estate’s Online Seller Advantage® program designed to provide real-time information to sellers in an easy to use system; and Online Buyer Advantage®, enabling consumers to easily search for property in all 50 states and the District of Columbia. Prudential Real Estate is one of the largest real estate brokerage franchise networks in North America, with $109.3 billion in sales volume (USD), 389,000 open transaction sides, nearly 1,400 offices, and 47,000 sales professionals in the franchise Network as of December 31, 2012.

© 2014 BRER Affiliates LLC. An independently owned and operated broker member of BRER Affiliates LLC. Prudential, the Prudential logo and the Rock symbol are registered service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. Used under license with no other affiliation with Prudential. Equal Housing Opportunity. We are proud to be an equal opportunity employer: m/f/v/d.