Jun 18th 2007 9:15AM Comparables: Belizean dive resort island at $51K/acre. http://www.caribbeanislandbrokers.com/Turneffe-Atoll-Dive-Resort/
Beachfront resort at $26K/acre.
Clearly some people in the world have more money than sense. I guess as long as the Federal Reserve keeps printing money then their consorts will be able to keep spending it.
Jun 18th 2007 9:01AM yeah, that's excessive. It is to the immediate west of Bull Island and largely surrounded (existing of?) sand bars. In a free world one could simply add a bridge and build a road out to it. Not sure the sound is deep enough for any large vessels.
Jun 18th 2007 8:43AM $32K per acre for unbuildable land? I suspect 1/2 of it is probably not truly above high tide - if you step on it then it probably drops 5 feet!
I guess the contract with the Nature Conservancy must not be very tight so they expect someone to pony up the money and be able to get out of that contract to be able to build. ?