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Property

Southeast
Property

FL - US billionaire building world's most expensive beachfront home worth $1 billion

Kenneth Griffin has demolished the existing homes on the property, with intentions to spend between $150 to $400 million on constructing a mega-estate.

Southeast
Property

FL - Florida case study shows benefits of hurricane adaptation efforts

A recent case study by Moody’s reveals that in locations like South Florida, meeting or surpassing evolving building codes can slash home damage costs almost tenfold. New research delves into the business impacts as coastal cities become more populated

Northeast
Property

MA - Severe Erosion Prompts Demolition Of Condemned Nantucket Beach House

Severe erosion on Nantucket’s south shore led to the demolition Thursday morning of a beach house that had been condemned by the town over the summer.

Mid-Atlantic
Property

NC - Growing threat from erosion, storms too much for North Carolina oceanfront properties to handle

Some local governments in Florida have also tried enticing homeowners to leave their properties due to the threats posed by hurricanes, rising sea levels and coastal flooding.

Caribbean
Property

CR - THE BATTLE FOR THE FUTURE OF COSTA RICA’S CARIBBEAN COAST

“We are very worried for our Indigenous land, because from the beginning, when they developed this plan among the officials… they never took us into account. They didn’t inform us. We had no information. The government never tried to get our participation over the proposal.”

Gulf of Mexico
Property

FL - Pushing Back Against Disaster Capitalism in Florida

A coalition of churches has achieved some successes in resisting and mitigating against rent gouging and displacement after Hurricane Ian.

Mid-Atlantic
Property

NC - Dream of a Rodanthe beach house ends with a short sale and, soon, demolition

The National Park Service has purchased a pair of crumbling oceanfront homes on the northern end of Rodanthe, a move that could be the first step toward removing more homes in that erosion-threatened part of the Outer Banks.

Gulf of Mexico
Property

LA - First home elevations set for these Louisiana parishes next year. Will protect from 100-year floods

A program that aims to elevate thousands of homes in southwest Louisiana to heights that would keep them above 100-year flood levels through at least 2075 could begin next May with the first 27 houses.

Northeast
Property

RI - Whose Beach Is It?

Beach season may have ended, but conflicts over shoreline access have not. ecoRI News reporters Colleen Cronin and Rob Smith break down pending and settled lawsuits, and explain recent legislation that determines where the public beach begins and where private property ends.

Hawaii & Alaska
Property

HI - On Oahu’s North Shore, big fines are proposed for illegal erosion control measures

SUNSET BEACH (HawaiiNewsNow) - Waves have been rising on Oahu’s North Shore, with one of the largest early-season swells possible next week.

Southeast
Property

FL - New study projects sea level rise to drain Florida's financial future

One million Florida properties are projected to become chronically flooded: properties that today fund nearly 30% of local revenues for more than half of the state’s municipalities, according to a new study conducted by researchers at Cornell and Florida State Universities.

Mid-Atlantic
Property

NC - Two houses that risk being washed into the sea along the Outer Banks of North Carolina are snapped up by National Parks Service for $700,000 - and both will be torn down

The National Park Service recently bought two neighboring houses in Rodanthe, North Carolina. The houses were both at risk of collapsing on the shore due to beach erosion. In February of 2022 another Rodanthe beach house was washed into the sea

Mid-Atlantic
Property

NC - Park Service taps nonprofit fund to buy 2 Rodanthe houses

RODANTHE — Early in the last virtual meeting of the Threatened Oceanfront Structures Interagency Task Force Oct. 12, Cape Hatteras National Seashore Superintendent David Hallac provided details about a pilot program in which the agency recently used nonprofit conservation trust funds to purchase two endangered oceanfront houses in Rodanthe.

Mid-Atlantic
Property

NC - A balancing act along the oceanfront – Interagency Workgroup holds final meeting on threatened beach homes

The Threatened Oceanfront Structures Interagency Work Group held its third and final meeting as a webinar on Thursday, Oct. 12. The meeting focused on the role government agencies and regulations play when structures on the oceanfront are threatened by a retreating shoreline that often puts a building in the surf zone.

West Coast
Property

CA - The dueling environmental reports behind Del Mar’s proposed 259-unit Seaside Ridge housing project

Another proposed blufftop development in Del Mar, another set of dueling environmental reports from the applicant and an advocacy group opposed to large-scale projects on the site.

Southeast
Property

SC - Homeowners See Insurance Rates Soar As Options Shrink

Coastal areas in South Carolina have long been prized for their scenic location and proximity to the ocean, but recent years have witnessed a growing concern among homeowners regarding the availability and affordability of home insurance.

Southeast
Property

FL - Progressive Drops Some Agents, Non-Renews 100,000 HO and DP Policies in Florida

Almost two years after Progressive Insurance announced it would stop renewing some homeowners policies in Florida, Flo and crew have dropped another 100,000 HO and landlord policies in the state.

Coastwide
Property

USA - 10 States Sue FEMA Over Costly New Insurance Pricing

The federal agency that helps people cope with major storms is facing its own tempest. Ten states are suing the Federal Emergency Management Agency, also known as FEMA, to try to halt its new pricing system for flood insurance.

Gulf of Mexico
Property

FL - Manatee County votes to cut local wetland protections in favor of developer interests

The Manatee County Commission voted to cut back the government’s environmental protections for local wetlands over the protests of hundreds of residents.

Mid-Atlantic
Property

VA - Supreme Court won’t hear North Carolina beach house property rights case

A Virginia couple argued Covid-19 restrictions blocking access to their North Carolina beach house amounted to a seizure of their property.

Coastwide
Property

USA - We’re playing hot potato with insurance risk, and everybody is losing

If your home or small business were destroyed in a disaster, would you have the resources to fully rebuild? Very few do. That is why insurance exists. By paying an annual premium, policyholders shift the risk of financial devastation to an insurance company.

International
Property

NZ - Decision looms over Auckland storm-damaged homes buyout process

Auckland Council will decide at a private meeting on Friday how it will buy homes damaged in recent severe storms.