Half A Billion Dollars For A Trailer Park

Residents of Briny Breeze, a 43-acre incorporated town of trailer homes the hugs the Atlantic Ocean between Miami and Palm Beach, are considering accepting an offer of $510 million from a developer.

1 minute read

January 3, 2007, 8:00 AM PST

By Christian Madera @http://www.twitter.com/cpmadera

"If residents approve the Palm Beach County community's sale to a developer for more than a half-billion dollars, almost every owner of the 488 trailers would become an instant millionaire. Not a bad return on investment if you consider that some bought their homes as recent as a decade ago for $35,000.

But just how much is a lifestyle worth?

It's quiet here in one of the last remaining coastal trailer-park communities between Miami and Palm Beach, an island of unpretentiousness surrounded by glitz and glamour.

Residents cruise the narrow streets on golf carts, passing palm trees and tiny, neatly manicured yards. They wave to each other, exchange goodies and chat about the next neighborhood outing - water aerobics at the community pool, shuffleboard near the clubhouse and bowling nights."

FULL STORY: Sale of trailer-park town may make its residents instant millionaires

Tuesday, January 2, 2007 in Associated Press via Gainsville Sun

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