Briny Breezes-Florida Tin City Sells Out Making instant Millionaires

By
Real Estate Broker/Owner with St.Cloud Homes

Incorporated in 1963,the tin town of trailers known as Briny Breeze, Florida was a peaceful paradise for retirees. Long term residence have for generations in some cases enjoyed quiet Intercoastal living on their 43 acres. Home to 433 trailers, the "town" recently decided to sell out to Big Builders for a whopping $510 Million Dollars.

Making most of the residence who own share there instant millionaires. The deal is expected to close in March 2009.  Feelings are mixed in the community, Some will remain in the area after the sale, others will relocate to other areas.  The buy out will yield over a million dollars in revenues for the residence. Ocenafront lots more than interor lots. The vote to seel was 82% of the owners in favor of the sale.

Despite the fact,that not all are happy about the sale.

Posted by

St.Cloud Homes

Allison Stewart Broker, SFR, CDPE 

407-616-9904www.kissimmee-stcloudflhomes.com

                                                                                                       

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Comments (2)

Suzanne Marriott
Keller Williams Arizona Realty - Anthem, AZ
Associate Broker, CLHMS, e-PRO
Sounds like the instant millionaires could move their community lock, stock and barrel to some other less expensive ocean front property!
Jan 13, 2007 02:12 AM
Jason Price
Mortgage Financial Group, Inc (NMLS 219650) - Tavares, FL
The Mortgage Rider

Allison - Should I give you a hard time?  Nah... I will save that for those more deserving of the real crime (wink, wink, nudge, nudge).  It is amazing how we all have different ways to present the same news.  Here is my post on this.

Jan 15, 2007 11:33 AM