Plenty of local realtors will describe South Florida’s housing market as recharged. The latest reading from the popular Case-Shiller Index showed sales of single-family homes up 13.5 percent from a year ago in August.
There is continued demand for waterfront properties, fueled in large part by international cash buyers from countries like Canada and Brazil. In Miami-Dade County, for instance, the category of luxury properties selling at price points above $600,000 and below $1 million, saw growth in sales of almost 68 percent.
However, the question remains. If you add the threat of rising sea levels to the real estate investment equation in South Florida, are rooms with an ocean view actually a terrible place to put your money?