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Re: My parents.... Carol
Yes, the property in that area goes into a million or more and is a gold mine for people inheriting or buying early. Friends of mine owned a room in what was once a motel. The rooms were broken down into tiny self-contained units..small kitchen, bath and one big room suitable for no more than two for short periods. I know that when they sold it a year or two ago, they got around $250K for it. Their profit was so much that they had to reinvest and bought an up-scale villa condo with a garage in a beautiful community in the Ft. Meyer area. They snowbird.
I noticed in one of the ads for your place that it is or was available for rent. Rentals can be but not usually for the entire summer, most rentals are for a week (around $5000) or two and the owner uses the place themselves in the free weeks.