the area and zoning makes an effect..
For example my taxes are high because i and 100 yards form the lake and i pay the same tax % as the waterfront houses..
In charleston my grand parents house on the harbor, deep water, dock, Historic neighborhood, 4 acre lot.. and it is $880 a foot appraised value. The owner of Papa Johns used to live 3 doors down.
it all depends on the area and quality of the homes and properties.
same for land pricing. i have been looking at property in the mountains to build a cabin. And it is drastically different pricing depending on how remote. i am also looking for 50-450 acres and i have ranged from $250-$5,000 an acre.
Also you have to remember Florida is flooded with 1200-2000 ft smaller homes. so they are readily available thus the supply is high resulting in lower prices.. and a big factor that you did state.. (HANDY MAN SPECIAL) you have to look at that for sure as technically you are buying a 250k house.. and that detail needs to be said to people..
Look at housing in San Francisco. it is silly expensive even to buy a smaller town house with a single parking spot you are looking at multiple hundreds of thousands..
We have good friends that work at Stanford Medical Hospital they live outside of the city closer to the hospital.. they paid $880K for a 1,100 sq/ft bungalow with a car port. for 880 here i can have a large deep water 3-4,000ft house on a nice cove int he lake. yet they have a tiny tiny house.. the location and supply and demand.. The supply is low and high demand thus high costs..
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