You might have read about the recent sale of Brevard County’s “Shangri-La” estate, which was just purchased for $3.75 million.

You might have read about the recent sale of Brevard County’s “Shangri-La” estate, which was just purchased for $3.75 million.

Gorgeous property all the way around. And you have to be happy for the buyers, who will be making the Melbourne Beach palace at 405 S. Atlantic St. their primary home.

Here is what struck me, and quite a few other people I spoke with about the deal: While the sale was supposed to be a record for a residential property in Brevard, the selling price didn’t bring any shock value.

And the reason is, I think, many of us are so used to reading about $50 million to $100 million estates owned by financiers, athletes and movie stars — not to mention unthinkable deficits in the trillions — that $3.75 million seems smallish.

Of course, I know it’s not small. It’s a heck of a lot of money. But somewhere, there has been a re-wiring of the psyche for some of us. What constitutes “huge” has changed. Warren Buffett is rich. Filthy rich. Thurston Howell III was well off.

OK, enough of that.

Certainly the sale of “Shangri-La” emphasizes the point that there are nice real estate deals to be had on the Space Coast.

“If this property would have been in Naples, it would have sold for $30 million or more,” said Mike Jaffe of Coldwell Banker Paradise, one of the brokers on the “Shangri-La” deal.

I think it also speaks well for the community that a couple who could have lived anywhere in the United States — in the world, actually — chose Brevard as their home. They had called the Baltimore area their primary home for years. Now, Maryland is a beautiful state, and Baltimore is filled with history, though, if you’re ever watched HBO’s “The Wire” you’d gladly trade your first-born to live in Brevard over the place that’s portrayed on that show.

A reader sent me this article after reading the story on “Shangri-La” in FLORIDA TODAY.

“Connecticut’s Gold Coast is living up to its name, with a record $120 million sale of a waterfront estate in Greenwich leading an increase in sales of homes for more than $10 million. Five homes sold this year for more than $10 million in Greenwich, the assessor’s office said.”

The reader added this missive — and please keep in mind, he was most decidedly joking — “And we were bragging about our one sale for $3.75Mil. We are such a backwater! :)”

Here’s Jaffe’s take. Word about properties like “Shangri-La,” and prices like $3.75 million, make the rounds in certain circles. He’s convinced it will lead to similar sales, and he’s already fielding calls about the availability of high-end properties on the ocean or the Indian River Lagoon. Prices for those high-end homes won’t be bargains for too much longer.

What are we talking about: “Millionaire’s Mile” or “River of Riches?” (Like a lot of people, I have millions of ideas for stupid monikers, and if I had a dollar for each … well, you know how that goes.)

The reader who sent me the article about Connecticut’s Gold Coast suggested this one: Isla Moolah.


For more information on buying or selling in Viera, Florida or anywhere on the Space Coast, call us today at 321-351-1441 or visit our website. We are here to help!













Vero beach, Sebastian, Melbourne beach, Indialantic, indian harbor beach, satellite beach, cocoa beach, cape Canaveral, merritt island, south tropical trail, dragon point, riverside drive, Melbourne, downtown Melbourne, Viera, rockledge, suntree, palm bay, tortice island, lansing island, Buyers Broker, Buyer Broker, Buyer Broker florida, Fixer Uppers, brevard MLS listing, brevard search MLS, Brevard MLS Search, space coast free MLS listing, How to Sell your home, Home search, homes for sale, find rental property, florida real estate listings, foreclosure listings, free foreclosure listing, free foreclosure listings, Loan Officers, MLS, MLS search, MLS number, Mortgage Brokers, Mortgage Banks, real estate MLS, MLS real estate listing, MLS soccer, MLS alliance, MLS online, MLS status, Mortgage Broker. Mortgage Banker, real estate MLS, real estate listing, foreclosure listing, multiple listing service, real estate property listing, property listing, commercial real estate listings, real estate search, property search, MLS search. Cheap MLS Listings florida, Home for Sale by owner, help you sell. Help u sell, Foreclosure experts, Probate, Home Locator, Find My House. Your Local Flat Fee, For Sale By Owner, selling my house in florida, Real Estate Commission, Free Home Sales, Residential, Single Family, Multi-Family, Apartments, Bank Owned Homes, Condo, Condominium, Lofts, New Construction, REO, Real Estate Owned, Commercial, Lake Front, oceanfront, Vacant Land, Bank Owned, for sale by owner, Short Sale, Realty, BPO Broker Price Opinion, Universal Design, Investment, Water Front, Zero Down Home Buying, Ameridream, AmericanDream, Foreclosures, Attorney is Recommended , HUD, Zero Down, MSHDA, Vacation, vacation property, donate real estate,donate, title work, title agency, real estate one broker, real estate one agent,1031 Exchange, 1031 Tax Exchange, Certified Appraisal, Probate, Negotiable real estate listing commissions, Historic, vintage, Reverse Mortgage, AARP Discount, Rent, Renting, Rental, Reverse Mortgages, Lease, Lease Option, Relocation, Relo, Relocation Company, real estate one blog, mls listing blog, Property Selling Specialists, option, optionee, FL Real Estate Today, Florida Real Estate Agent, Affordable Florida,Real Estate Agent, Broker, Realtors, Real Estate Agents, sell my home, find Brevard real estate, short sale expert, Specializing in Homes For Sale space coast, and Proudly Serving Flat Fee, florida ,Ocwen, Countrywide, Bank of America, B of A, Deutche Bank, Wells Fargo, Chase Bank, Litton, Detroit Foreclosures, Detroit Foreclosed Homes, space coast Bank Owned Homes, Bank Owned, beach homes, Brevard beach house, space coast beach house