Posted on 03/25/2024 5:42:20 AM PDT by Red Badger
A coastal Florida city is fast becoming a hotbed for wealthy movers attracted by its sandy coast and laid-back vibe.
Located on the western edge of the panhandle, Pensacola boasts 'the world's whitest beaches' and has seen a rapid swell of multi-million dollar homes.
It might not attract the same celebrity roster as Miami, which is home to the likes of Jennifer Lopez, Matt Damon and Ivanka Trump, but it's fast becoming a hotspot for wealthy sun-seekers looking for a beachside home in a state with no income tax.
The number of homes sold for more than $1 million in Pensacola has soared 220 percent since 2019, according to Gordon Miles, president of local brokerage Levin Rinke Realty.
Miles told the Wall Street Journal the pandemic housing boom sparked the beginning of a new luxury market for the western gate to the Sunshine State.
Despite rising mortgage rates, sales of premium properties in previously unheard of price brackets for Pensacola are soaring.
Last year, 250 homes sold for more than $1 million, compared to just 78 in 2019, in the city that is home to almost 55,000 people.
Ordinary family house sales have also rocketed in the metropolis, which currently sports a median sale price of $315,000 - or 58 percent more than the median of $199,575 in January 2019.
'I have multiple friends that just a few years ago bought houses for roughly $300,000 that now they can sell for almost $700,000,' Pensacola native and local photographer Dustin Williams told DailyMail.com.
Williams said the downtown area has 'grown pretty significantly' in recent years. 'Overall I'd say it's good for the community,' he said.
(Excerpt) Read more at dailymail.co.uk ...
This place is horrible!
Do not come here!
Tell all your friends and relatives not to ever come here!
The streets are horrible and the schools are terrible!
Criminals run rampant! People are attacked and robbed in their own homes and in the streets!
There are no good restaurants, they are all full of garbage and will give you diarrhea!
The salt waters are full of sharks that will eat your children even while on the beach!
The fresh waters are full of alligators and will eat your dog!
The mosquitoes are the size of F-35s and will give you and STD!.......................
Pensacola Panhandle ping!...................
ping!
Gee, FL has a lot of million dollar beach front homes. Who knew?
The blue state refugees finally found you!
Do not believe it!
It’s a lie!
They are shanty towns!
People live in mud huts with palm leaves for roofs!
There are no sugar white sands! ........................
Right now we are overrun with drunk college students on Spring Break.
Last I heard, just in our county alone there were over 300 arrests as of last week. Mostly for underage drinking or drunk and disorderly.
We don’t allow glass containers of any kind on our beaches and during Spring Break, no alcohol even in plastic cups..................
Short term rental buyers.
Running hotels in residential neighborhoods.
Capitalism has its faults.
A beach? Climate change will wipe it all out in 6.85 years.
FL can be frustrating at times (especially this time of year), but if you hang around long enough you’ll find your spot. Then you’ll never leave. Like I did in Juno Beach.
One of my daughter’s friends has weekly rental condos, $5k per week.
All the amenities of a home even food stocked in the cabinets if you want to cook.
But it has its downside as well.
People steal stuff, not just towels and bath robes, but appliances!
One unit she had to replace all the mattresses because of bedbugs........................
We came here to Destin/Ft. Walton Beach ‘temporarily’ for a job back in 1981. Never left...................
Miami ran ‘em off.....now you got ‘em.
That’s the good thing about our beaches......they are not really astetically pleasing, so the college idiots tend to push on for another 80 miles to Daytona.
Here we get kids from Texas, Louisiana, Mississippi, Alabama, and Tennessee mostly.
Must of them are well behaved, except for Louisiana (LSU). They come here and completely lose their minds.................
And giant flying cockroaches! Beware!
Must of them are well behaved, except for Louisiana (LSU). They come here and completely lose their minds.................
Went in dumb, come out dumb too!
Went in dumb, come out stupid.........................
Except Mar-a-Lago, which is worth $18 million.
lol. Pull the other one..
Don’t worry. It won’t be long until a Cat 5 blows through and reminds everyone why people don’t LIVE in such a beautiful place
Its true......
Vibrio when you swim...
Shark attacks when you snorkel....
Damned Republicans all over the place...
DONT COME HERE, ITS TERRIBLE!!!
PLEASE PLEASE PLEASE DONT COME HERE
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