Dana McIntosh’s Real Estate Blog

Real Estate related news for Florida Panhandle

Gulf of Mexico residential lots under $1 Million!!!

Posted by danamcintosh on March 24, 2009

Vacant residential lots in the Emerald Coast of Florida, or the Florida Panhandle situated right on the Gulf of Mexico are now selling for under $1,000,000.  There are currently 9 Gulf front lots for sale from Destin to Inlet Beach, and 3 have sold since 10/28/08 ranging in final selling price from $775,000 to $950,000.  The waterfront footage on the sold lots range from 40 to 75 feet, and the Gulf front lots still available for purchase are ranging from 40 to 66 waterfront feet. During the peak of the market similar lots were selling on average for $1,900,000…so talk about a buyer’s market now!

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