$250 Lot Sells for $25,000, June 17, 1925

Florida Lot Bought in 1919 for $250 Sells for $25,000

Greensboro, June 13—Bought for #250 in 1919, to be sold for $25,000 is the record of a 50 by 100 feet in Broward county, Florida. The profit goes to Mrs. Sadie Umberger of Greensboro, in the interest of a minor child. Court order was signed yesterday by Judge P.A. McElroy, allowing Mrs. Umberger to dispose of the property at the high figure.

The lot is still vacant. And the town in which it is situated is not so much larger than it was the day the property was bought (for) the meager sum, but it lies within 25 miles of Miami, Fla., which puts the magic touch on it. It is being bought by L.T. Hatfield and will be included in a real estate development known as Progresso.

From the front page of the Danbury Report, Wednesday, June 17, 1925

newspapers.digitalnc.org/lccn/sn91068291/1925-06-17/ed-1/seq-1/#words=June+17%2C+1925