Fair enough. Thanks for playing stump the chump.
Now we move to the next round where the questions are harder. Rosemary is nearing build out which is best for the end user. I have been watching Paradise and have seen just 4 starts in the past year which is about 10% of the buildable lots.
I know Paradise will be the home of the mega houses with bookends like Hilton to the west and that developer from Atl to the East. I'm afraid without build out momentum it may take a while. I don't see or hear about future starts, sorry.
Actually, considering the housing market and the fact that we have no build out restrictions, the building activity in our community over the past couple of years has been remarkable. Certainly greater than the beach side of Alys Beach. Recent building activity has included wonderful new homes on lots 1B and 3B, a major addition to the home on lot 2B, major renovations to the gulf front homes on lots 5A/6A and 18A as well as a teardown and new build of the home on lot 7B. This is all in addition to the gulf front mansion that you mentioned being built on lot 27A.
In addition, there are 3 additional gulf front homes which have been in the planning stages for some time and should begin construction within the next 3-6 months. It would not be fair for me to share the details but I can tell you that all three homes will be comparable in size and quality to the mansion currently being constructed on lot 27A.
I think it is fair to say that nothing else in the area will compare to the gulf front homes currently under construction and in the planning stages at Paradise by the Sea. Once people see the size and scope of the additional Paradise by the Sea homes that will soon begin construction they will begin to understand that this community is destined to become, like it or not, the very highest end (and lowest density) development of all the high end communities along 30-A.
One last thought. You are correct that even with the building activity I've described it may be several years before homes are built on all of the lots at Paradise by the Sea. In fact, this may never happen. However, I don't think any of the owners are losing sleep over this fact. All of the lots have been in the hands of private owners for many years and they seem to enjoy the fact that our little development is relatively peaceful and without commercial interruption. They also seem to enjoy our relatively low Property Owners Association fees.