Port St. Lucie Florida Real Estate

A Guide for the Conservative
Real Estate Investor

Port St. Lucie took off like a rocket ship. Although, it would have been nice to have gotten in earlier, the area is still appreciating.

Port St. Lucie Real Estate

One of Florida's fastest growing communities, Port St. Lucie is a prime location for business and people of all ages. Port St. Lucie was heralded on the front page of The New York Times as a "Thriving Florida Town". To quote the newspaper, "In the last year, the Port St. Lucie Metropolitan Area has had the fastest growing economy in Florida, and Florida has had the fastest growing economy in the United States".

A Prime Example of It Is Never Too Late

Over the past few years, Port St. Lucie real estate values shot up faster than anyone would have expected. But, if you look at the reasons why it went up, you realize that it is not finished.

First of all, the most populated parts of Florida are in Dade, Broward and Palm Beach counties. Real estate prices in these areas has gotten absurdly expensive. Individuals needed to move north. Martin County, which is just north of Palm Beach County was expensive and had lots of building and zoning restrictions. So, the developers bypassed it in favor of St. Lucie County.

Where a dumpy, old house in a mediocre (at best) area in Broward would cost $400,000, a brand new home on more land could be built today for about $320,000 in Port St. Lucie. In Fort Pierce, which is also part of St. Lucie County, the home can be put up for about $280,000. This is a cement block home built to the latest hurricane codes. Young couples interested in owning a home could now afford to buy one.

In addition to the smaller single family homes, developers started to create communities with homes ranging into the millions. Port St. Lucie started to explode and along with this explosion came an increase in an infrastructure to support the people. Restaurants, stores, construction, service businesses, etc., came into existence in the area.

Now, you have a large support infrastructure to supply jobs. This in turn fueled even more building. It is the same phenomena that you see in Ocala.

It would have been great to get in earlier, but the home prices continue to rise. If a 30 year old house in Margate can sell for $400,000+, then a brand new home in Port St. Lucie will command at least as much. I can definitely see room for growth in this area.

Next Steps

If you are interested in profiting from this area's growth, give me a call.

Martin Unger
Real Estate Investments

- Pre-Construction
- Spec Homes
- Condos
- New Homes
- Land
- Relocation

954 - 255-5056 (office)
954 - 461-0319 (cell)
775-254-2881 (fax)

(an associate of London Realty Corp)

The information on this web site is provided as a guide for general informational purposes only and is not intended to be tax or legal advice. It is deemed reliable but not guaranteed. Please consult with your own attorney, tax advisor and/or accountant for specific advice. Martin Unger is a licensed sales associate in the state of Florida and works with London Realty Corp.