Property Value

Florida is emerging from the crash of the US real estate market. Near where I live is an abandoned development where all the roads and utilities where built but not a single house. I’ve never been on the property myself, but I took this one morning from a spot that looks over the mangroves along the river onto the abandoned development. Folks in my town of Palmetto expect that someone will revive the project at some point. And when they do, some lucky homeowner is going to wakeup to a sunrise like this each morning. I’m thinking that’s probably worth a penny or two in property value. Just a guess.

Florida is emerging from the crash of the US real estate market. Near where I live is an abandoned development where all the roads and utilities where built but not a single house. I've never been on the property myself, but I took this one morning from a spot that looks over the mangroves along the river onto the abandoned development. Folks in my town of Palmetto expect that someone will revive the project at some point. And when they do, some lucky homeowner is going to wakeup to a sunrise like this each morning. I'm thinking that's probably worth a penny or two in property value. Just a guess.

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