It was all that long ago, just short of a few years back when the Collins Park Neighborhood was still gritty and slight unkempt, dare we say even edgy. I guess by reminiscing in such a way, and if you’ve followed our ramblings here than you can take a guess that we lament the explosive over development of South Beach the past two decades. As if to lend credence to our claim, a lot in the neighborhood, squished between the school and the canal has been on the market variably for the past eight or nine months. As of right now the asking price is down a couple hundred thousand dollars, but they are still asking $4 million. The lot itself is by no means anything truly special, a little bit more than a half acre and 100 feet of water on the canal. It was maybe 10 years ago this would have been selling for less than $2 million and back in 2003 or so homes on similar lots were going for $800,000 – that’s with a home, not an empty lot.
Well, you know what they say about progress and gentrification. We also know what they say about climate change and considering the flooding that already plagues much of South Beach it won’t be too many years until this very nice four million dollar lot is basically underwater, literally and figuratively.