Financing issue-bad investment in Lehigh Acres?

I bought half an acre lot in Lehigh Acres, Florida in 2005, when the big boom over there. I thought that the price was going to grow quickly and give me some return or maybe I decided to build a house for myself over there. I was really wrong. I paid 56000 for a lot that are now selling for less than 20000 with luck.
Now, I'm paying a mortgage and don't have any hopes. Some people say that the price will start to go high again. Some people say that it was a game that politicians were playing in that area to buy more and more cheap land. But I don't see a light. If I can't selll because I will be loosing too much money, what can I do? Also, if you have any experience in that area or in real estate, do you have any idea on the future?
Thanks

This market is going to pick up eventually. Either hold on to it and pray or possibly do a short sale with the bank.

You have the property , go ahead with building you a home there .
That was a reason also why you bought it , so do it .

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