It is a LOT more expensive on the west coast of Florida than the north/central east coast of Florida!!! It is hot right now in Jax, but no hotter than New York or North Carolina. It was 99 degrees in Raleigh, NC last week and ONLY 92 in Cocoa Beach!!! If you buy a newer property, hurricanes are not much to worry about. We stayed through hurricane Jean (sp?) and had NO damage (we are oceanfront). The worst problem is power outages. Our friends in Jax and St. Augustine also had no damage from the hurricanes that went throught there. There are not too many places that are not at risk from some natural disaster.
We were just up in Jax beach, St. Augustine beach and the Palm Coast a couple of weeks ago looking at investment property. Property along the coast has gone up drastically in the last year (like a lot of places). Our friends in Jax say that there are still some deals to be had 'along the river' but I didn't check those out. We did not find anything that would work for investment.
One example of property values: Our friends in St. Augustine (St Johns co.) bought their lot for $49,000 about 4 years ago, a similar lot across the street is listed for $198,000. They offered $150,000 for it and were turned down. A 1600 sq ft house on a similar lot next door just sold for $450,000.
I believe your best bet for a 'deal' is going to be in Jax.
Beachbumz 8)