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Old 06-09-2008, 02:42 PM
 
Location: Heartland Florida
9,324 posts, read 23,798,681 times
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I tend to say Key West, but Miami is pretty overvalued as well. Any other ideas of the places in Florida with the most absurd property values?
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Old 06-09-2008, 02:48 PM
 
Location: Miami
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Naples maybe?
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Old 06-09-2008, 03:52 PM
 
Location: Palm Island and North Port
7,486 posts, read 19,931,141 times
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I was thinking Naples or Key West.
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Old 06-09-2008, 04:23 PM
 
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In addition to Key West and Naples, I would add:
Sarasota/Bradenton/Venice Area
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Old 06-09-2008, 04:29 PM
 
Location: Somewhere over the rainbow in "OZ "
23,892 posts, read 22,814,474 times
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West Palm Beach!!!!!!!
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Old 06-09-2008, 07:08 PM
 
944 posts, read 3,536,439 times
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I'd say Key West. There are some parts of the barrier islands in Pinellas where people still think they own $1,000,000 1Br. condos. That always brings a smile to my face.
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Old 06-09-2008, 07:40 PM
 
Location: Arctic Tundra, MA
3,633 posts, read 8,533,160 times
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Most of it....
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Old 06-09-2008, 09:39 PM
 
Location: Heartland Florida
9,324 posts, read 23,798,681 times
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Yes the entire state is overpriced. I am wondering where the first area to be properly valued will be. For now it's easiest to find the most overpriced.
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Old 06-10-2008, 07:12 AM
 
Location: where my heart is
5,642 posts, read 7,968,487 times
Reputation: 1661
Default Naples is dropping hard and fast

Quote:
Originally Posted by doggiebus View Post
Naples maybe?
The condo where we used to live was selling for about $200,000 in 2005. Two units recently sold a few months ago for $95,000 and, ready for this, $55,000.

We bought a single family house in a golf community. In 2006 it was listed at $460,000. We paid $285,000 last December.
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Old 06-10-2008, 10:41 AM
 
Location: Miami
6,853 posts, read 19,802,755 times
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I read someplace recently that Naples overall was the most expensive place in the state to live. Which surprised me, but made since after I thought about it for a minute. Probably based on a few things, cost of living, home prices, lack of high end jobs to support the area, more retired people, etc. Glad to see that home prices are coming down there too, they will only continue to fall the next 6 months. So that home you bought for $285k will still be dropping, sorry to tell you.
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