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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Anna Maria Island is so nice too[/quote]

Not OP but looking into same. What are the reasonable price point for Anna Maria? [/quote]

I just sold my house in Bean Point, the northern tip of Anna Maria Island, three months ago for 1.5M.  Had to get rid of it due to insane cost of hurricane & flood insurance.  [/quote]

We sold our house too on 30A. Insurance was $40k a year, and we felt lucky to get insurance. It's easy for them to deny older properties.  There is only 1 insurer left in FL, so there is really no room for negotiation - take it or leave it. [/quote]

$40k?????!!!!!! For what size house? What did your house sell for? was it oceanfront? [/quote]

it was not oceanfront, it was not in a flood zone. It was 3k sq ft (4k with the guest cottage). Insurance had increased from $12k, to $24k to $40k in 3 years. [/quote]

Something is off about this. Did you have claims? We are on the northern Gulf Coast with an older house that is twice as big and our insurance (including wind) is about $15k. From talking to others and looking on line, that seems pretty standard. I have heard that some of my neighbors with older roofs have been required to replace their roofs. I also have neighbors who did a lot of upgrades (roof straps, etc) voluntarily to reduce their premiums. [/quote]

If they are rating based on RCV, then it seems that maybe Anna Maria island has a base of more expensive housing?[/quote]

The person who said their insurance was $40k was on 30A.  Non-waterfront houses in Santa Rosa are about the same price per sq ft as where I am (@ $550 - $700 a sq ft). Seaside itself is more, but you're paying for the name (i.e., the lot).  Anna Maria Island is more expensive than our location, but almost everything is oceanfront/virtually oceanfront, so it's hard to do apples to apples. It's also a very low narrow barrier island, so I could definitely see how insurance would be higher there.

Also, the thing about waterfront property (or a place like Seaside) is that so much of the value is in the lot that it's hard to judge the replacement cost for the dwelling by the price per square foot for resale. [/quote]

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