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Sold mine a couple of years ago when prices were high and am presently contemplating a much nicer Florida beach house for less than half what you would have paid 2 1/2 years ago. Now, it seems that this property should go for even less - as if Florida real estate was not already in the tank.

Here is a premise and a question: since the forcast rising water levels would in principle make this property essentially useless in say 50 years, a buyer might view the situation as like a 50 year lease with with the leasee bearing all costs and having zero residual value at lease end. Does a real estate leasing/sales expert have a formulaic view of how much additional pricing discount this scenario would mandate? The alternative view is, of course, purchase of an attractive property in an attractive premium location that appreciates according to conventional assumptions.