I live in Pass Christian and can vouch for the high insurance rates and costs of building elevated structures. The elevation requirements in Harrison County is 16' MSL, but the incorporated cities may be more/less strict. The City of Pass Christian has adopted 'smart code'. Not sure about the other cities along the coast.
As for beach front land values, even though the market is down, many property owners still value their property based on pre-katrina/pre-recession values. It is extremely expensive to rebuild/insure homes south of I-10. Pug is spot-on about looking for homes in Timber Ridge. You can find some really good deals on new/renovated homes.
Personally, and I do not want to discourage you or others wanting to invest and help in the regrowth of this wonderful area, but hindsight being 20-20 and knowing the cost associated with insuring my new home/the lack of progress and growth in Pass Christian, I would have kept my waterfront property and moved until prices realigned and became more reasonable. |