Money Underwater real estate? A piece of submerged land in Florida is selling for $43 million. October 30, 2022October 31, 2022Kimberly Miller, USATNetworkComments Off on Underwater real estate? A piece of submerged land in Florida is selling for $43 million. Buying and selling submerged land is not for the faint of heart with years-long legal battles and environmental pushback derailing many new projects.