We wrote about Briny Breezes’ new mobile home millionaires on November 25th. Well, the owners will vote on January 10th to approve or reject their Board’s acceptance of a developer’s offer of $500 million for the 488 homes, which would make virtually every owner a millionaire.
Briny Breezes is a small town in Palm Beach County, FL, formed in 1963. The so-called “tin-can tourists” paid in anywhere from $50-150K for their mobile home, which included the lot. Some, like Kevin Dwyer, 47, paid $37,500 for his slice of the good life, back in 1997. Zillow, unaware of this state of affairs, zestimated the homes at around $200K.
Many Briny owners do not want to trade their laid back lifestlye for cash. One owner was quoted as saying, and we paraphrase: “How can you put a price tag on this way of life, it’s unzillowable.”
Would you cash out?
Source: AP
