Florida land boom of the 1920s

The Florida land boom of the 1920s was the first real estate bubble in Florida. It happened between 1924 to 1926. It attracted investors from all over the United States and around the world.^[1] It left behind new properties in Florida. Some of these properties were racially segregated for many years.^[2][3]

The main cities affected by this economic bubble were Miami Beach, Coral Gables, Hialeah, Miami Springs, Opa-locka, Miami Shores, and Hollywood, Florida. It also left behind failed projects such as Aladdin City, the original plan of Boca Raton, Chevelier, Fulford-by-the-Sea, Interocean City, Isola di Lolando, Okeelanta, Palm Beach Ocean, Poinciana, and Sun City.

The economic bubble made new cities.^[4] It ended in a financial collapse that ruined many investors and property owners. It made the local economy worse for many years after.

1. ↑ Ballinger, Kenneth. Miami Millions: The Dance of the Dollars in the Great Florida Land Boom of 1925. Miami, Florida: The Franklin Press. p. 5. Retrieved 17 July 2021.
2. ↑ Ellis, Guy Worthington; Lincoln Road Association; Egbert, Jane (January 1941). "Lincoln Road: The World's Most Beautiful Shopping Center". No. VII:5. The Florida Teacher. p. 18.
3. ↑ Kleinburg, Howard; Moore Parks, Arva (October 1, 1994). Miami Beach: A History (First ed.). Centennial Press. pp. 136–137. ISBN 978-0962940231.
4. ↑ Rapp, Donald. Bubbles, Booms, and Busts: The Rise and Fall of Financial Assets. Springer. p. 164.