The Most Expensive House In America ($295 Million) Sits Inches Above Sea Level On A FL Sand Spit

[hatrack]

Reality deniers with big pockets are sought by a family of Floridian property developers hoping to sell the most expensive home in the US: a waterfront property on the market for $295m (£234m). The compound squats on Gordon Pointe peninsula, a spit of beachfront in south-west Florida, extending perilously into the Gulf of Mexico.

The late financier John Donahue bought the land for $1m in 1985, when it was a beautiful remote nature spot, protected by mangroves, with a small fisherman’s cottage on it. He soon razed this and replaced it with McMansions with de rigueur swimming pools and lawns. Offered for your $295m are three houses with parking for yachts and other conveniences for the wealthy sea-level-rise gambler.

The Donahue family is selling at the right time. This is one of the parts of the world most vulnerable to climate impacts, with sea levels rising three times faster than the global average, and increasing risk from hurricane damage.

The whole neighbourhood, Port Royal, has been categorised as at “extreme risk of flooding” over the next 30 years, and is regularly hit by weather disasters, making it very expensive to get home insurance. Buyer beware, as Canute might say. Diminishing returns…

EDIT
https://www.theguardian.com/commentisfree/2024/feb/10/climate-crisis-deniers-sought-for-exclusive-florida-residence-private-ark-essential

[hlthe2b]

1. I assume anyone stupid enough to shell out for this will likewise be able to self-insure... n/t

[XanaDUer2]

2. So happy they trashed a habitat

For that. I hope its washed into the ocean

[brush]

3. How is it worth 295m if it's six inches above sea level?

A new appraisal is in order.

And isn't there a story in the Bible about that?

...like a wise man who built his house on the rock. Then he went on to say everyone who hears his words and does not put them into practice is like a foolish man who built his house on sand

[Prof. Toru Tanaka]

4. Very good analogy!