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re: Florida family that bought fishing cottage for $1M in the 80s is selling it for $295M

Posted on 2/12/24 at 6:05 pm to
Posted by deltaland
Member since Mar 2011
92718 posts
Posted on 2/12/24 at 6:05 pm to
The title is misleading. Makes you think the 1M property appreciated that much when in reality they purchased additional land and built that estate. There’s much more investment tied into that than 1M
Posted by Obtuse1
Westside Bodymore Yo
Member since Sep 2016
27058 posts
Posted on 2/12/24 at 6:07 pm to
quote:

The title is misleading. Makes you think the 1M property appreciated that much when in reality they purchased additional land and built that estate. There’s much more investment tied into that than 1M


The bulkheads and docks alone would be the better part of $1mm.
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