Originally settled by Native Americans, Amelia Island and its surrounding areas have been flown under eight different flags over the last 300-plus years. Amelia Island and Fernandina's fascinating past has drawn countless numbers to its sandy shores and secluded waterways in search of treasure. Legends and folklore of ancient riches still lying unclaimed are eternally bound to this enchanting area.

With an undeniably rich and mysterious past, and an equally vibrant and brilliant future forever attached to the peninsula, it is only fitting that Oyster Bay Harbour become the crown jewel of Florida’s historic First Coast.

Nestled on 900-acres of unspoiled marshfront, lakefront, and wooded preservers, Oyster Bay Harbour is a unique, upscale 325-home yacht club community located on an enchanting cove formed where the waters of Lanceford Creek and Soap Creek meet.

As all of us in the Caribbean and Florida know, there is no ill wind that doesn't blow something good to someone. This does not only pertain to hurricanes. It is also clearly the case when looking at the shrinking U.S. dollar in the current recession.

Believe it or not.... a declining dollar is a mixed blessing. On the negative side it reduces the power of U.S. investors (and tourists) overseas. On the other hand it's a boon to U.S. exporters and hospitality providers, since it makes our products cheaper overseas and vacation in the US a bargain.

For realtors in major U.S. cities, especially those with strong international links and international airline connections such as South Florida, Orlando and Atlanta, foreign nationals could typically make up a healthy segment of the Real Estate buying population.

The fact is that many U.S. cities are woefully overbuilt, with inventories that will take 12 to 18 months or more to reduce. Miami is the poster child of overbuilding, with a two-to-three year inventory. The problem, however, is not so much the overbuilding, nor the interest rates, which have come back down. It is the national credit crunch, which has resulted in a severe lack of liquidity. For homebuyers, that means limited funds for new mortgages and an increasing recessionary pressure because of the skyrocketing gas and food prices.