Catherine Bell breaks down competing proposals for a 19-acre parcel: developers want 18 luxury homes at $1.5M to $2.5M each or beachside hotels, but the city rejected the plans. A mobile home park was also considered for the land.
This whole thing right here, all these buildings, how many total now? Let's jump back to the— jump back to which one? Jump back to the breakdown. There you go. What we're looking at, a lot of people were looking at this as possibly creating— it's 19 acres. They want to create like 18 luxury home sites and build these 3-story, 4-story beachside monstrosities. Or hotels. Or hotels. And the city's like, not interested. No mobile home park. But the nice thing about the mobile home park is that these houses sell for north of $2,500 a square foot. That house right there will sell for— those houses right there will sell for $1.5 million to $2.5 million apiece. Isn't that insane? That's insane. Only because of the location.
