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In the United States, the purchase of rural land or raw acreage is generally for investment purposes, although some buyers intend to build a home and reside there. Often without standard utility services provided by a metropolitan municipality readily available, individuals have the responsibility to install methods of achieving a regulated standard of living.
Melody Key is a privately owned island in the Florida Keys in Monroe County, Florida, United States. [1] [2] It is 5.5 acres-wide. [1] As of 2012, it was the world's fifth most expensive island. [1] As of January 2017, the island was listed for sale, at an asking price of $7 million. [3]
Check Out: 3 Best Florida Cities To Buy Property in the Next 5 Years, According To Real Estate Agents. Read Next: How To Start Investing In Real Estate – Even If You’re Not Rich.
Since then, the term "Conch Republic" has been expanded to refer to "all of the Florida Keys, or, that geographic apportionment of land that falls within the legally defined boundaries of Monroe County, Florida, northward to 'Skeeter's Last Chance Saloon' in Florida City, Dade County, Florida, with Key West as the micronation's capital and all ...
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A strongly criticized new Florida law restricts the real estate buying power of foreigners from seven countries, a startling move for Miami’s global property market.