Cheaper land attracting buyers
Lee County issued a record 746 single-family home permits in January as construction took off like a rocket in Lehigh Acres. New homes are under construction in every sector of Lehigh.
While land is priced for less in Lehigh than other areas of SW Florida, the building frenzy is rapdily driving up prices. I am sure that many original Gulf American lot owners are amazed to find out that their piece of paradise in Lehigh is now worth $40K or more.
Oliver Conover, executive director of the Lehigh Acres Chamber of Commerce, said the flood of new homes is both a blessing and a curse for his community, which has about 60,000 residents. Only 3 percent of Lehigh is zoned commercial, for example, only about half what it should be, he said, and it will take action by the county commission to remedy that. The bottom line, he said: “This growth is happening without the controls that we should have in order to do smart growth.”
Lehigh leads permit surge [News-Press]