Hurricane Risks of waterfront properties in Miami?

[gowthamn]

Originally Posted by Marc Middleton

Very true!

Plus, Lots of Cali has natural erosion so many homes will be gone by the wayside that are up on those dunes/cliffs.

With that budget, you can buy and build in Golden Beach, that's where the ocean front homes are located. There are 1-2 vacant lots left if you want me to send them to you.

Regarding North Beach, I guess those homes are 'ocean front', but very far setback with shared spaces to the ocean on some of them. A true ocean front house is in Golden Beach, Manalapan, Highland Beach (Palm Beach County), etc.

Also, Naples has true ocean front houses that don't need to be torn down in your budget. You can also get 3-4 story homes in Barefoot Beach up in Bonita Springs in the Sub $15ML range all day long. They rent out very well on the AirBnB type sites.

Is building possible? I heard all good builders work with large Spec house sellers and its difficult to find quality builders for individual custom homes.

[bgmiami]

Are you guys aware of the FEMA's 50%? You might want to educate yourself before you build or purchase that gorgeous waterfront property.

https://www.teamcomplete.com/femas-5...your-property/

[blueherons]

Originally Posted by gowthamn

Is building possible? I heard all good builders work with large Spec house sellers and its difficult to find quality builders for individual custom homes.

Construction companies and contractors are booked up for years in some cases.

Miami is not a place where you want to build a $20 million dollar spec home from afar.

At the very least, partner with an established builder.

Miami has its own, unique, insane set of challenges living here let alone trying to do this from 3500 miles away.

[logybogy]

Some of the listings for land/tear downs have approved plans and permits ready to go. They are essentially "shovel ready" pre-construction projects you are buying into. That can save many many months of time as long as you like the approved design. That's half the game right then and there.

The construction part and a builder can be burdensome but you can contract with the seller to make him handle that for you if they already did the plans to mitigate that risk. If the property has sat on the market a long time and it is a sophisticated spec person selling, they may do what they have to do to get the deal done and have better construction contacts than you.

[Marc Middleton]

Originally Posted by logybogy

Some of the listings for land/tear downs have approved plans and permits ready to go. They are essentially "shovel ready" pre-construction projects you are buying into. That can save many many months of time as long as you like the approved design.

Very true!

There are at least 2 oceanfront lots for sale and another 1-2 tear downs if the price was right. One for $11ML comes with Chad Oppenheim approved plans for a spec house with pool and guest house.

Non-ocean front lots are under $2ML, but there are better buys elsewhere in Miami/Hollywood for stuff like that.

[KoNgFooCj]

Originally Posted by gowthamn

Thanks all. I did find many houses in Miami which are ocean front. My budget is relatively high at 30 to 40 Million.
But considering the hurricane worries, I think California might be a better option.

You have 40 million dollars and your looking for advice on city data? lol.
And yes, Cali sounds like a much safer bet.