Building a spec house in AE Flood zone

[Troy Knight]

I'm curious if anyone has any experience with building a spec house in AE floodplain, especially in Charlotte, NC within Mecklenburg County. It's my understanding that I can build the lowest level of the first floor a few feet above the base flood elevation and the insurance premium would be less than $1,000 per year. If that's the case, we will pay the first 8 years of premiums or something like that when we go to sell. Any advice or experience would be great! Thanks,