Consider this: Listed on Zillow is a stunning home on Anna Maria Island, on the coast of Manatee County in Florida. On Oct. 2, after Hurricane Helene made landfall, the price was slashed by $699,000 to $1.5 million. The description reads: “LARGE Price Reduction—SOLD AS IS—Seller attended to IMMEDIATELY After Hurricane Helene … Up to 36 inches drywall removed throughout entire house, dehumidifiers and fans started immediately and running 24 hours, hardwood floors and vapor barriers removed, all lower cabinets removed, all doors removed, all appliances and furniture removed, dried and sanitized (anti-fungal spray throughout entire house).”
The house is at extreme risk of flooding, and you’d need a separate policy to even get a federally backed loan, according to Zillow and First Street’s newly implemented climate risk assessments. The property literally has a 100% chance of flooding in the next 30 years, the length of America’s favorite mortgage.
