Скачать или смотреть This Florida Investor Buys Underwater Land… Then Sues You for Using It

This Florida Investor Buys Underwater Land… Then Sues You for Using It

In this explosive YouTube Short pulled from a recent Discover South Florida livestream, real estate broker Larry Mastropieri, founder of The Mastropieri Group, joins host John Laws to dive into one of Florida's most bizarre and controversial real estate figures: William Swaim. Referred to half-jokingly as the “Lex Luthor” of Florida real estate, Swaim has made headlines for acquiring massive amounts of underwater land—yes, literal land beneath the water’s surface—and leveraging it in ways most investors would never even think of.

As Larry explains, Swaim’s strategy isn’t just about ownership—it’s about control. He buys submerged parcels in front of waterfront condos, then turns around and demands payment from the condo associations for dock usage, claiming they’re trespassing on his land. One condo association reportedly paid $150,000 just for the right to keep their dock, even though Swaim still technically owns the land beneath it. The conversation gets even crazier as Larry recounts how a buyer recently asked him if Swaim owned the bay in front of their dream home.

John presses further, asking how someone even begins to purchase land that's underwater—it's not exactly listed on Zillow. Larry reveals that Swaim’s aggressive tactics involve deep title research, obscure legal filings, and sometimes lawsuits. One case involved Swaim suing a telecom company for laying underwater cables, seeking $250 million in damages.

The segment offers a fascinating peek into a niche corner of real estate where legal gray areas and unconventional strategies meet. It's the kind of story that feels stranger than fiction—yet it's all happening right here in South Florida.
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