Post Hurricane Ian: Wealthy Buyers Snapping up Florida Gulf Coast Property Owners
Category: Real Estate Listings
January 3, 2022 — As if the death and destruction that Hurricane Ian brought to Florida’s Gulf Coast wasn’t bad enough, it has created another looming problem for beleaguered property owners. Greedy developers and wealthy buyers are headed to the region, hoping to snap up coastal real estate to turn into expensive projects. By assembling bigger parcels in Fort Myers and Lee County from owners who are fed up or don’t have the cash to rebuild, they can build huge single family homes and towering condos. Local residents are concerned that these will block access and views across these barrier islands.
Comments on "Post Hurricane Ian: Wealthy Buyers Snapping up Florida Gulf Coast Property Owners"
Eric says:
Bottom line: Gov. DeSantis stop Florida from becoming another California.
Monni says:
Rhetorical question: How many ways can one spell naïveté?
Daryl says:
This sounds as American as apple pie. Backs are being slapped all over the state for the smart business move that enriches the few over the misery of the many. (...a political comment deleted) I bet all the old money in gated communities on the east coast are packing their bags for brand new oceanfront digs soon to be built on the gulf.
Daryl says:
(Sorry, my point was that the governor was re-elected, so people already know his priorities and loyalties. And would a governor survive for long putting the economy second, especially in a state dependent on tourism? Isn’t that the story of Florida?)
Editor comment:
No problem, and a good point. We just try very hard not to point fingers at specific parties or officials because the second we do the other side has to rebut, and then the first person has to rebut that, and then......
Clyde says:
The current political climate in Florida, where we live the majority of the year, is such that developers, high rollers and political contributors to any controlling party are going to remain in significant power. That doesn’t mean it’s not going to be a good place to live, but it’s simply a fact to be reckoned with. For someone contemplating a move to Florida, there are some important considerations. Don’t live in an area subject to coastal surge, especially during tropical storms or hurricanes. You can still live near a beach, but you’ll generally want to be away from it by a couple of miles or more. Live out of an area that is in any level of flood zone (and there’s much more land in the state out of a flood zone than in); if looking at a condo, go for a unit above the ground floor. Make sure any place you’re considering has an excellent roof and window/door openings that are fairly well-protected against wind (impact windows or shutters). If a view is important, realize that future changes out of your control may impede the view that currently exists. Consider that a worst case scenario IS possible, such as what happened in the Fort Myers beach area, but generally not likely - then proceed accordingly. These considerations also hold true for most any coastal state on the Atlantic seaboard or Gulf of Mexico.
Staci says:
Clyde-
And now apparently California as well.