Historical Designations Hold or Increase Property Values

After 20 years of Coconut Grove activism and a four year stint as a Coconut Grove Councilman, serving as Chairman for one year, I was richly rewarded last January when I was nominated and approved by the City of Miami Commission to sit on Miami's Historical and Environmental Preservation Board. A few days ago, I received "Economic Impacts of Historical preservation in Florida" published by the Florida Department of State, Division of Historical Resources and the Florida Historical Commission. Contray to an impression I always held, the study shows that "Historic designation does not depress property values and may help maintain value". In 12 of 18 cases studied, property appreciated at a significantly higher rate than target non-historic areas during the period 2001-2009. The Cherry Group, the Coconut Grove Realtors, tries to be involved in every aspect real estate in South Florida. Please consider us and call 305.607.8360 when planning to list your home.