Palm Island and
Don Pedro Island have shown dramatic
increases in property value over the last six years. In 1999, inventory on the
island was low while demand for island property was rising, driving up prices.
The value of property is never determined by the realtor, the buyer, or the
seller. It is determined by the supply and demand in the marketplace.
This quiet barrier island is a specialty real estate
market. With the predominance of over-development in most of coastal Florida,
both east and west, interest in property on the island just keeps growing.
Beach front property is limited, and
there can never be more natural landscape than what already exists. The supply
will never rise, keeping this a worthwhile investment.
With no commercial development, no bridge, no high rises, just quiet beaches
and sandy roads, this island is so unique from other barrier islands. At this
time, just single family residential, low density homes are permitted on the
island. And, property on the island is still less expensive than property on
the islands both to the north and to the south.
In 1999, a typical beach front vacant property
was selling for under $200,000 a parcel. Today, these same parcels are in the
$1,000,000 plus category. Bay front vacant property in 1999 sold for $65,000 in
dramatic contrast to the $500,000 plus selling price of today.
This island was a well hidden Florida treasure for many years, and is just now
becoming a great discovery. For the past several years, there has been an
influx of people relocating to the west coast of
Florida. There has also been an influx of people wishing to
purchase second beach cottages.
And because of this recent interest, prices have maintained an upward movement
from have built steadily on a strong foundation of previous sales.
Not interested in living here full time? Seasonal homes can also be used to
generate rental income. Island vacation homes
make great island vacation rentals. With resort availability on the island, and
Mackin's history and knowledge in the rental and travel industries, it becomes
an easy decision. Visit our rentals section and live that
vacation yourself before making the choice of a lifetime.
With readily available staff and full MLS listings
here for you, you can see why the demand is so high for yourself and why
Kevin Mackin is the best choice for your
west coast Florida dream.