ORIGINAL: Snook384
In Florida RIGHT NOW the going price for land that is out of the way is about 7k to 12k an acre. It all depends where you live. I have a buddy with 886 acres. He just got offered 13,500 an acre for the whole thing.
I loved it when he told me "well where would I go to hunt hogs"
. No sale and that is a lot of money.
At almost 12 million dollars for a little over 1 sq mile, it is no wonder that Florida is at the epicenter of the finacial mess.
I realize that they ain't making land anymore, but I swear some people have no sense, both the buyer for offering that rediculous amount of money and the seller for turning it down. The days of easy money are over folks. developers can't buy you track for an insane amount knowing he can subdivide it and come out on top. Just like the housing bubble, you can bet your arse there will be a land bubble too.