News and articles
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Fans of relaxed leisure on tropical islands should consider the estate in Nokomis on Casey Key Island, Florida. For $13 million, you can become the owner of 317 square meters of land, a main house with 4 bedrooms and 4 bathrooms, a two-bedroom guest house (with two en suite bathrooms), two swimming pools, and over 60 meters of beach coastline...
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An undeveloped land plot with an area of 16,200 sq m located in an extremely popular area along the Intercoastal Waterway (which runs along the Atlantic and Mexican Gulf coast) in Boca Raton has been put on sale in Florida. The parcel is proposed for building single-family houses. The $43 million price tag is relatively small for a property in...
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Tourism in Southwest Florida was severely affected by Hurricane Ian, a 4th category storm that wreaked havoc in massive areas from Naples to Fort Myers and from Port Charlotte to Sarasota on September 28. The efforts to revive the economy have now been put in motion on the coast of the Gulf of Mexico. This area is famous for marvelous quiet...
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According to official reports of the authorities, Hurricane Ian that wreaked havoc in Central Florida last month led to a sharp surge of hotel bookings in Seminole County. Tourism industry representatives announced last week that on September 28, during the storm, and over the next few days, 80% of approximately 5,000 hotel rooms were booked in...
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Johnny Morris, CEO at Bass Pro Shops, shared the plans of developing Valhalla Island Resort on the oceanfront in Florida Keys. Valhalla Island Resort is the largest resort property in this region, sprawling over 175 acres of land along the coast with breathtaking views. More than a half of the area will be reserved for vegetation. A drive from the...
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Florida Governor Ron DeSantis will assign $1.3 million on infrastructure improvement in Marathon Key
In the end of last week, Ron DeSantis, Governor of Florida announced that $1.3 million from the Job Growth Grant Fund will be assigned to the city of Marathon to improve infrastructure at the intersection of US-1 highway and Banana Boulevard. This will make it possible to expand the motorway, add a turn land, and install utility infrastructure,...
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The decision to purchase real estate in Florida is a serious commitment. You need to take into account many details before signing the purchase and sale contract, be it a residence for yourself and your family, a rental property, or a restful vacation home. One of the key factors deserving of the buyer’s particular attention is the expense of...
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Besides the havoc it has already wreaked, the natural disaster may affect migration of the population, which determines the situation in the real estate, business environment, and the entire economy of Florida. It is still unknown how many people will change their plans to move because of the hurricane. Two aspects need to be taken into account:...
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The destruction wreaked by Hurricane Ian can become a great opportunity for investors due to the property renovation rule. Owners of destroyed houses on the northern coast of the Gulf of Mexico must comply with the Substantial Damages and Substantial Improvements rule of the US Federal Emergency Management Agency (FEMA), which also applies to...
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Mortgage rates in the USA have risen above 7% for the first time since 2002, which exacerbated the stagnation in the residential property market, says Sam Khater, Chief Economist at Freddie Mac, a government-funded mortgage agency. As the inflation continues, buyers are facing growing expenses across all areas, which reduces their consumer...
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