Regarding flood insurance premiums in AE Zone....you could expect to pay approx $3,500 annually. However, I don't believe there are ANY homes in The Hideout, that once appealed, fall into that category. 3 options are available to waterfront buyers:
1. Purchase the home...pay the premium and then appeal FEMA zone and receive a rebate.
2. Make the purchase contingent upon re-designation...prior to settlement.
3. During course of transaction, file for a temporary stay, based upon previous designation...this lasts for two years...which gives new owner the opportunity to satisfy requirements for amendment.
Not a difficult process, but you'll want to work with an agent who is Familiar with the process to facilitate.
Mark / Century 21