The developer of Icon Brickell recently reduced prices, though not to the fire-sale levels seen in some other Miami condo projects. Greg Allen/NPR hide caption

itoggle caption Greg Allen/NPR

People were once lured to Florida by its sunshine and beaches, promoted here in this circa-1940 ad for St. Augustine, Fla. Lake County Museum/Corbis hide caption

itoggle caption Lake County Museum/Corbis