Even after decades of rapid development, experts still lack firm answers about what’s driving the sinking beneath the luxury towers that line barrier islands like Sunny Isles Beach. One thing is clear: building on islands made of shifting sand and porous rock carries unique uncertainties.
A local real estate analyst says condo values east of I-95 could revert to their 2019 values. This would mean a decline from $379 per square foot recorded in May-October 2024 to $231 per square foot in 2019.
South Florida Condo Prices May Drop As Much As 40%, Analyst Says Read More »
Construction in flood-prone areas, which includes land near bodies of water and low-lying land, increases the likelihood of more damaging floods in those areas. According to a study conducted by the University of Miami Rosenstiel School of Marine, Atmospheric, and Earth Science, South Florida alone accounted for 124,090 residential properties developed on 34,560 acres of floodplain land between 2001 and 2019.
Florida Leads Nation With Half Of Residential Floodplain Development Read More »
