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Northwest Florida Realty
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We assist individual and institutional investors seeking to capitalize on the real estate correction in Northwest Florida. Real Estate investors can benefit from drastic price declines, beautiful beaches, architecturally acclaimed developments and St. Joe's "placemaking" efforts to... More
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Northwest Florida Realty
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Northwest Florida Realty Blog
  • Lot In St. Joe's Windmark Beach Sells For $45,000. 50% Price Decrease Since 2001 0 comments
    Sep 6, 2012 4:40 PM | about stocks: JOE

    The subject lot was sold by St. Joe for $90,000 in 2001.The lot just sold for $45,000 in June 2012. Keep in mind that 2001 is 5 years before the bubble reached its peak.

    Interestingly, on page 114 of Einhorn's analysis "Field of Schemes" he reveals that St. Joe's capitalized development costs for Windmark Beach exceed $700,000 per lot.

    Themes: Real Estate Stocks: JOE
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