Are there still any deals out there on lake-front RE?

[CharlesW]

Re: Are there still any deals out there on lake-front RE?

Originally posted by Bondo:<br />At $99,500.00 I sure didn't Steal them,... But I have high hopes that it'll pay off Someday,......<br /><br />

Depending on condition, I would say you bought them very right. Considering the ridiculous inflation of recreational property, you certainly should have some appreciation in the next few years.<br />Even if you don't plan to sell, it will raise your taxes a bunch so you can contribute more to the county. Sure did raise ours.

 

[SeaKaye12]

Re: Are there still any deals out there on lake-front RE?

Sheesh Bondo...that sure looks like a deal (steal) to me!<br /><br />Wish there was something comparable out where I am...<br /><br />Is there any chance that they will flood?<br /><br />Chuck

 

[Moody Blue]

Re: Are there still any deals out there on lake-front RE?

THere are 24 parcels of land being auctioned off this weekend on an island on lake Simcoe near me. Starting at 60ft x 210ft deep to 290ft x 250ft deep with hydro on all. These are uncleared sites and there is no reserve price on any. These are leased lands on crown land with a term of 49 years. Personally I never saw the advantage of this type of agreement. You pay for the lease acquisition, clear the land, build a cottage then have to pay the annual lease amount (3500-9000). At the end of the lease you have to remove all structures from the property at your own expense. So at the end of 49 years you have probably forked out at least $250,000 and have nothing to show for it.

 

[tomatolord]

Re: Are there still any deals out there on lake-front RE?

RODC - that is why you leave the wheels on your "house" so that when you need to you roll it back out again!

 

[whywhyzed]

Re: Are there still any deals out there on lake-front RE?

some around me:<br /> http://www.lindaduncan.ca/water.html <br />The one at the bottom right corner is down the street from me. It would have sold for 40% of that price 8 or 10 years ago. They're fishing.... it won't sell for that kinda money, but high 300K is typical - 1 hour to the most populated mess in the country.

 

[whywhyzed]

Re: Are there still any deals out there on lake-front RE?

the muskokas:<br /><br />Waterfront lot 400’ lot, 200’ deep, quiet lake close to Port Carling, excellent for retirement property or vacation property, $400,000

 

[CharlesW]

Re: Are there still any deals out there on lake-front RE?

Originally posted by hystat:<br /> the muskokas:<br /><br />Waterfront lot 400’ lot, 200’ deep, quiet lake close to Port Carling, excellent for retirement property or vacation property, $400,000

A lot of money, but not too far from the norm per square foot on the water. That is a big lot. <br />Most lots on our lake are about 80' to 100' wide and 100' to 125' deep. They go for $70,000 to $100,000 so if you break that one up into 4 or 5 lots, it's pretty close to the same price. By the way, our little lake is definitely on the low end of prices in this area.<br /><br />Charles

 

[Bondo]

Re: Are there still any deals out there on lake-front RE?

Originally posted by SeaKaye12:<br /> Sheesh Bondo...<br />Is there any chance that they will flood?<br />Chuck

OOhhh Yaaa...... The ground floor I hear floods every 10 years or so,.......And it's been over 5 Now......... <br /><br />The White house is Already on the Move,....<br />If you look in the pic, just above the blue & white umbrella on the dock,.. You can just see the Concrete foundation at the bottom of the white siding, at the 2nd floor level.............<br /><br />That's Going to be the New Ground Floor level,........... Open deck/dock underneath,....1 Big A$$ Steel Foundation............Should be close to a 10' ceiling on the deck......Only 2 columns,+ the Concrete on the shore holding it all up........<br /><br />Eventually,...... <br />The Brown place will join the other 1 at the higher elevation,+ I'll have the full 66' of waterfront that's Usable deck/dock......

 

[John Greviskis]

Re: Are there still any deals out there on lake-front RE?

I guess I'm missing something.<br /><br />I've got to believe that the "novelty" of lake-front living wears off after a bit.<br /><br />It's human nature.<br /><br />5k per linear foot???

 

[MrBill]

Re: Are there still any deals out there on lake-front RE?

I can't say the novelty of lake front living has worn-off for me or anyone I know. In fact I'm 160 feet from shore and not close enough.<br /><br />Bondo...those two lake fronts of yours in New Hampshire lake region would fetch $650 - $850K each, depending on which lake.

 

[heycods]

Re: Are there still any deals out there on lake-front RE?

I like JBs idea,I dont know about other states but here in TX. you can dam a streem 4ft with no permits.

 

[Bondo]

Re: Are there still any deals out there on lake-front RE?

Originally posted by MrBill:<br /> I can't say the novelty of lake front living has worn-off for me or anyone I know. In fact I'm 160 feet from shore and not close enough.<br /><br />Bondo...those two lake fronts of yours in New Hampshire lake region would fetch $650 - $850K each, depending on which lake.

Ayuh,......... I Couldn't Agree More,.......Work is out the Frontdoor,+ 11 miles to the Office/ Shop/ Town,.........<br />And,..... Lake Ontario,+ the World,.... Are out the Other Frontdoor,....... No Commute,..... Right There At the Door,................ <br /><br /><br />Location,... Location,... Location,..........<br />Even with the Hyperinflation going on in this county, with the New Army troops being transfered in,........ <br />I Won't see #s like Those until I have an Awful Lot of $weat & Tear$ Inve$ted into My 66' of Heaven................... <br /><br /><br />Oh,.... Early Bird news release;........ This 1 is about to be For Sale,..... No Price yet though,.. Realtor is working on it.....<br />This is a C&P from the dock thread......<br />40' of Frontage at Lake Bonaparte, Lewis county, Ny.,... Just Outside the Adirondack Authority's Blue Line,........<br />The Rules are alittle less stiff, when working over the footprint foundation of a former Boathouse,............<br />I've got 20 tons or more of Steel in here,......<br />Being on the Southwest corner of a main bay,....... ALL the Ice flows Away from Mine,+ Batters the boathouses over on the eastside of the lake......<br /><br />

 

[carljh]

Re: Are there still any deals out there on lake-front RE?

Well what about an island (or two) with 190 Sq miles of lake on your doorstep ? ? <br /><br /> http://www.homesonsale.co.uk/index.php?page=out&id=15192