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The common usage of this term implies that swampland is worthless. Without development or some ability to develop it, it is not valuable for real estate purposes. There have been cases that swampland was purchased and turned into very valuable property, notably for the creation of Walt Disney World and also to some extent including many developed lands in Florida.
Miami experienced a second real estate boom that earned a developer in Coral Gables $150 million and saw undeveloped land north of Miami sell for $30,600 an acre. [49] Miami became cosmopolitan and experienced a renaissance of architecture and culture. Hollywood movie stars vacationed in the area and industrialists built lavish homes.
In the United States, the purchase of rural land or raw acreage is generally for investment purposes, although some buyers intend to build a home and reside there. Often without standard utility services provided by a metropolitan municipality readily available, individuals have the responsibility to install methods of achieving a regulated standard of living.
Florida already protects the right to hunt and fish. Florida Statute 379.104 "recognizes that hunting, fishing, and the taking of game are a valued part of the cultural heritage of Florida and ...
Urban renewal (also called urban regeneration in the United Kingdom and urban redevelopment in the United States [1]) is a program of land redevelopment often used to address urban decay in cities. [2] Urban renewal involves the clearing out of blighted areas in inner cities in favour of new housing, businesses, and other developments.
Florida Gov. Ron DeSantis (R) on Monday signed a bill into law to greatly restrict the ability of many foreign nationals to buy land in the state, and to prohibit most Chinese citizens from ...
El Dorado Estates, Inc. was incorporated in January 1955, with Washington, D.C. real estate developer Leon Ackerman as its only shareholder. In October 1955, the company's name was changed to Indian Lake Estates, Inc. and it purchased a large tract of undeveloped land on the shores of Lake Walk-in-Water, about 19 miles southeast of Lake Wales. [3]
The Compound, also known as "Street Patterns" or "The Grid", is an area in southwestern Palm Bay, Florida, similar to Flagler Estates. It is a largely undeveloped area of some 200 miles (320 km) of paved roadway in various states of disrepair.
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