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The property's 500 feet of water frontage — at one point the most available for sale in South Florida — made the multimillion-dollar property stand out, according to Realtor Michael Ivancevic.
The first real estate bubble in Florida was primarily caused by the economic prosperity of the 1920s coupled with a lack of knowledge about storm frequency and poor building standards. This pioneering era of Florida land speculation lasted from 1924 to 1926 and attracted investors from all over the nation. [ 1 ]
The Internal Revenue Service's policy is to be reluctant to foreclose on taxpayer's homes to enforce these liens, often only being satisfied if the real property is sold or mortgaged before the tax lien expires. Florida's Supreme Court recently held Florida's homestead exemption may be waived in the limited exception of a bankruptcy proceeding. [3]
The St. Joe Company is a land development company headquartered in Panama City Beach, Florida.Founded in 1936 and until 1966 known as St. Joe Paper Company, the company still operates a forestry division but is primarily engaged in real estate development and asset management.
9. Tampa (Hillsborough County) While active listings are up to 5,400 homes on the market in Hillsborough County, home values have declined by 0.3% in recent months.
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