Quote:
Originally Posted by amonkie
I would definitely say start looking around for a broker in the area if you are looking for it as an investment property. Florida is a lot of swamp and then there are the hurricanes. Will you have to carry insurance on a plot of land as opposed to any standing structures?
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If there's no structure, there's nothing to insure. A lender will tell you what coverage you need to have, but it may not be anything. My guess is that you might need liability coverage, but that should only be a few dollars a year for vacant land.
Florida land prices are driven by proximity to the ocean and to metropolitan areas. The further south you go, in general, the higher the value. Of course, there are also a lot of swamps farther south.