Single-family homes are priced from the high-$800,000s to $8.5 million for a Gulf-front estate with back-up generator and 8,700-plus square feet. Anything priced around $500,000 would be considered a teardown in the Estates, says Lori Schwegel, of ReMax Sundance Realty. Move-in ready homes cost upward of $1 million. The neighborhood, where most homes have a boat in the back yard, has a lot of full-time residents, including older couples and young families. "There are a lot of boaters," says Schwegel. "They have a dock and a boat, and off they go."
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