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In the mid-1960's a bridge connecting St. George Island to the mainland in Eastpoint, Florida was built paving the way for the expansion of tourism and development of the island. In 1971, 4,600 acres including 17 miles of beachfront property on St. George Island (and adjacent Little St. George Island) was purchased by Leisure Properties, Ltd.
At the peak of the real estate boom, many beachfront properties had quadrupled or more in value since 2000. In November 2006 CNN/Money named Panama City Beach the No. 1 real estate market in America for the next five years in. [8] Beachfront property has sold for upwards of $60,000 per "front foot" (linear foot) at the top of the market.
The Florida panhandle (also known as West Florida and Northwest Florida) is the northwestern part of the U.S. state of Florida. It is a salient roughly 200 miles (320 km) long, bordered by Alabama on the north and the west, Georgia on the north, and the Gulf of Mexico to the south.
Good Housekeeping's 2025 Family Travel Award beach winners, from all-inclusive resorts in Mexico and the Caribbean to fun-filled spots in the U.S. and more.
In the 1920s, Florida was in the midst of high real estate activity, where the state saw inflated real estate values and many coming into the state eager for profits. The market for real estate reached a peak in 1925, with the 1926 Miami hurricane and Wall Street Crash of 1929 forcing little development in the state and a land bust. [6]
Mexico Beach is a city in Bay County, Florida, United States. It is located 25 miles (40 km) southeast of Panama City on the Florida Panhandle. It is part of the Panama City-Panama City Beach, Florida Metropolitan Statistical Area in North Florida. The population was 916 at the 2020 census, down from 1,072 at the 2010 census. [6]
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