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01-31-2022, 06:38 AM
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#15
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Senior Member
Join Date: Nov 2020
Location: Where we are parked at
Posts: 332
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“Us Floridians have a long history of relieving visitors and wannabe residents of their wealth going back at least to Juan Ponce de Leon.”
But, but he promised the fountain of youth is on this property he sold me!
__________________
2021 Fleetwood Discovery LXE 40M
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02-05-2022, 05:39 AM
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#16
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Senior Member
Join Date: Jan 2017
Location: Titusville, FL
Posts: 5,164
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Two things are certain about any RV lot in any part of Florida. The value will go up and the HOA fees will go up. You have to decide if the two balance out.
If unsure, consult with a real estate attorney and get your own buyers real estate agent. Before you sign any contract.
You'd be amazed how often attorneys hear "can you review this contract I signed YESTERDAY?" [emoji2369][emoji85]
__________________
When seconds count, the police are only minutes away.
2023 Grand Design 2600RB, 2022 F-350 King Ranch tow vehicle, Titusville, FL when not on the road
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02-05-2022, 05:48 AM
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#17
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Senior Member
Join Date: Jul 2008
Location: Pennsylvania
Posts: 2,772
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You build it
I’ll rent it
$49,000 is a lot of RV resort rentals.
No fees, no taxes, no utilities
__________________
2020 Winnebago Horizon 42Q (XCL chassis)
2022 Jeep Wrangler Sahara Unlimited
99 Storm 30H, 04 Southwind 32 VS, 07 Ellipse 40FD
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02-05-2022, 06:02 AM
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#18
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Senior Member
Join Date: Sep 2013
Posts: 979
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Sounds too costly and risky. I’d look for a lot for sale in a place that’s already been developed.
__________________
U.S. Army Retired, 2002 Beaver Patriot Thunder
40 Ft, CAT C12, 455 HP, 1550 Ft Lbs Torque
Towing 2019 Chevy Equinox, AWD Turbo Diesel
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02-06-2022, 07:56 AM
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#19
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Senior Member
Join Date: Jan 2017
Location: Titusville, FL
Posts: 5,164
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Quote:
Originally Posted by MO Fred
Sounds too costly and risky. I’d look for a lot for sale in a place that’s already been developed.
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That's always an option. However, lots in already developed parks probably average in the $150k range. Undeveloped is always cheaper than developed.
__________________
When seconds count, the police are only minutes away.
2023 Grand Design 2600RB, 2022 F-350 King Ranch tow vehicle, Titusville, FL when not on the road
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02-06-2022, 08:53 AM
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#20
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Senior Member
Join Date: Mar 2021
Posts: 749
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Quote:
Originally Posted by hohenwald48
That's always an option. However, lots in already developed parks probably average in the $150k range. Undeveloped is always cheaper than developed.
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Depending on a whole bunch of variables that lot could easily end up costing that $150,000 before it can be used. We already know the buyer is responsible for a well and septic system. If the power is only to the edge of the property they have the expense of running the line to a pedestal they also must purchase. If the lot is unimproved they must clear a pad and then build the actual pad. Then there is landscaping and drainage to account for. And when all that is completed you have no idea what is going to happen around you. If there is a rigid set of HOA requirements to protect your property from the neighbors building an eyesore those same requirements will add to the costs of your lot. The only way I would consider this project is if the location of the park is exceptional, such as oceanfront or very near a high end attraction.
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02-06-2022, 09:19 AM
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#21
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Senior Member
Join Date: Nov 2013
Location: Elko, Nv
Posts: 2,449
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Developers take risk when developing property, this developer isnt taking much risk as they want your money before using theirs. I would tell them to let you know when its completed and then we will buy.
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02-06-2022, 10:51 AM
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#22
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Senior Member
Join Date: Nov 2006
Location: Western NY
Posts: 6,149
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If really interested I'd get a lawyer involved to draw up a contract that included about 50% to be held in escrow and paid when the promised items have been completed... developer will likely balk... and I would likely walk
__________________
Don & Marge
'13 Newmar Ventana 3433 - '14 CR-V TOAD
'03 Winnebago Adventurer 31Y - SOLD
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02-06-2022, 11:12 AM
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#23
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Senior Member
Monaco Owners Club Solo Rvers Club Coastal Campers
Join Date: Mar 2020
Posts: 1,773
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Quote:
Originally Posted by NevadaNick
Developers take risk when developing property, this developer isnt taking much risk as they want your money before using theirs. I would tell them to let you know when its completed and then we will buy.
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This.
__________________
2009 Monaco Camelot 42PDQ
2011 JK
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