scooterbug44
SoWal Expert
OR, to preserve and increase property values with smart growth and planning. :roll:
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Walton County Commissioners to Consider County-Wide Height Limits, May 26 2009
- Thread starter Smiling JOe
- Start date
passin thru
Beach Fanatic
Yes, what an example of perspective >> perception. Is it taking rights away, or the smartest thing we could do? The latter, I believe.
Let's not be just like everyone else, OK? Because, if we were, then we'd be just like everyone else, get it? What is the greatest single beneficial difference between 30a SoWal, and west SoWal & SoBay & SoOka? The height limit.
wrobert
Beach Fanatic
And how is it beneficial? I can no more see the gulf standing in the shadow of a fifty building than I can in the shadow of a 150 foot building.
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Matt J
SWGB
What is a fifty building?
The point is that PCB, Destin, and FWB will all go through the Ft. Lauderdale/Miami syndrome very soon.
Back in the 50's and 60's those areas boomed and built condos and towers that were assumed to be there forever. Fast forward to the 80's and 90's and those buildings were torn down to build even higher buildings. Without a height limitation the buildings will continue to get higher and therefore dilute the property value.
The local areas listed above started out with buildings in the 10 story range and have during the boom capped out at around 30 stories. In 20-30 years the remaining 10 story buildings will come down and higher buildings will go in without a height limitation. Meanwhile the neighborhoods of South Walton (WaterColor, WaterSound, Alys, Rosemary, Seagrove, Dune Allen, BMB, etc.) will have the same number of homes with no way to dilute the property value by building up.
If you follow this scenario unrestricted height actually robs a property owner of their property value.
Everytime
Beach Fanatic
But, wrobert, don't property values tend to run higher in SoWal than in similar parts of Bay and Okaloosa Counties? I would think that the denisty factor created by the recent high rise revolution in the PCB area is probably dilluting the value of condo units (and possibly surrounding properties) in that area, while the "scarcity of real estate" factor has been a value enhancer for property owners in the 30-A area. And no, I haven't done detailed research on this, but it has been my observation of the respective markets.
And edited to add: I agree with SWGB.
And edited to add: I agree with SWGB.
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wrobert
Beach Fanatic
I know. You are from the government and here to help. I am so happy that people who do not own property that is conducive to higher heights can decide for those that do what is best for them.
wrobert
Beach Fanatic
Scarcity does increase property value in dollars. But is it not the decision of the property owner rather or not they want a tall building?
Smiling JOe
SoWal Expert
I disagree with your thought that it will seize the value of property. Watering down the soup may make more available for the masses, but it will also cause the flavor intensity to decrease, thereby eventually decreasing the demand, and thus decreasing value.
Density isn't decreasing, so one's right to maximize density per Land-Use Code is not changed. If density was being decreased, then I think you might have a more valid point of property value being decreased.
Smiling JOe
SoWal Expert
You are seeing it all from a person on the ground's perspective. When you are on the fourth floor of a four story house, the shadow of a fifty foot building may hit differently on the surrounding homes, than would the shadow of a 150ft tall building.
Smiling JOe
SoWal Expert
One last thing, we are talking about property north of the Bay in Walton County. If we cannot sell the 2000+ existing homesites, with many more already planned, how do unlimited building heights affect surrounding property of someone wanting to build a high rise condo, in a rural area? Do you really think that putting a height limitation decreases property? Do you think that owning real estate gives you unlimited access to the air? The Federal Gov't disagrees with you, if you do.