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Also in 1925, Florida began to pass laws further regulating real estate; with salesmen being required to have licenses and offices which as a result led to a boom in demand for office space. [ 16 ] Then, on January 10, 1926, the Prinz Valdemar , a 241-foot, steel-hulled schooner , sank in the mouth of the turning basin of Miami harbor and ...
A $9.7 million Martin County home with 5 bedrooms and 6½ bathrooms was the most expensive sold in October. See photos of other top home sales.
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]
The Mackle brothers—Elliott, Robert and Frank Jr. [1] —were brothers who developed real estate projects. They popularized selling land in planned communities through installment plans in Florida, creating several communities in the process. [2] Elliott J. Mackle was born in 1908 and died in 1978. [3]
Homes cost more in St. Lucie and Indian River counties in October compared to September, but less in Martin County: St. Lucie County: $398,165, up from $394,500 Indian River County: $391,150, up ...
However, if condo owners have a tough time selling, there could be a “ripple effect” on the amount of buyers looking to purchase single-family homes. Overall, though, Florida real estate ...
The reduction contained in Florida Statutes should not be confused by the Florida Constitution homestead exemption which protects the homestead from forced sale except under certain circumstances. Florida property tax homestead exemption reduces the value of a home for assessment of property taxes by $50,000, so a home that was actually worth ...
Lindsay Fanali, strategic real estate advisor at Real Estate Bees, said it’s absolutely not true that you need 20% down to even enter the market in Florida. “One myth I hear a lot is that you ...