I received this letter from the Town of Juno Beach.
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The letter states that the Flood Insurance Rates Map (FIRM) have been updated, are expected to be adopted and made effective this summer of 2015 and that almost 1000 properties in Juno Beach will be affected.
The preliminary FIRM information can be viewed HERE. The maps for Juno Beach are 12099C0381F & 12099C0193F which shows much of Jupiter as well. These generally show an increase in zones AE but to be honest I do not see how 1000 properties have been affected as this is about 1/2 of the total units on town.
Still, changes to the Flood Maps affect the cost of ownership of any property in a Zone A or V zone which is mortgaged by a federally chartered bank must have flood insurance on it. This affects values of real estate and thus we should all be aware of these changes and how they affect the neighborhoods we have listings or sales in.
