Florida luxury real estate gives you more bang for your buck. Want a lot more for your money? Buying big in Florida will get you a lot more house for your money! Want a luxury property that screams anywhere else “I’m snooty and have this amazing real estate”? Buy big in Florida.
Florida hit it big in the real estate bubble and building went bonkers. Luxury homes and condos were all the rage. Big homes with high end finishes, big lanais and pools. Condos with amazing beach views, high end finishes and amazing community amenities. Luxury real estate then meant you had money to burn. As with many other places in the US, real estate was the place to sink your hard earned cash. After all, historically it was a safe place to invest. Even in recessions real estate weathered the storms reasonably well. This one, however, was an exception to that rule and real estate took an amazingly hard hit, especially in Florida.
The problem was when the bubble burst; housing prices fell in a huge way. Overpriced home markets overcorrected. Builders left projects half built and people lost homes by the hundreds of thousands. Properties lost 3/4 of their value or more. While the overcorrection is now settling down, and prices are climbing a bit, finding a luxury home at a bargain price is definitely possible.
So if you weathered the storm and want to find a property that makes you feel rich, but at a price that makes your bank account happy, Florida is the place to look. There are many homes for sale. Want the beach life? Find a condo on the Atlantic or Gulf. A small hometown community? Got them too. A house on the intercoastal? With places to dock your boat if you have one.
Young or old, family or single, there is a luxury home for you in Florida.
Looking for a great Florida Luxury Realtor? Give Deb a call today! 727-216-9247