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Owning Land on the water
Posted on 6/9/23 at 2:19 pm
Posted on 6/9/23 at 2:19 pm
I am in a situation where I have an opportunity to purchase a small lot which is half on the water side and half on the 'marsh' side. At one time there was a camp there with power and water but the hurricanes took care of that.
The issue is that I live in Florida and due to circumstances I am not going to be moving back to Louisiana for 5 or more years. What I am going to do with the land is another story, I may just use it as a launch with some minimal structure or consider building a camp however this is for another day.
What I am trying to understand is the annual maintenance costs I should expect.
Purchase price is known and acceptable and I am inquiring on the annual taxes.
Outside of taxes and lawn maintenance is there anything else I am missing? For example do I need some sort of insurance for land only with no structure?
The issue is that I live in Florida and due to circumstances I am not going to be moving back to Louisiana for 5 or more years. What I am going to do with the land is another story, I may just use it as a launch with some minimal structure or consider building a camp however this is for another day.
What I am trying to understand is the annual maintenance costs I should expect.
Purchase price is known and acceptable and I am inquiring on the annual taxes.
Outside of taxes and lawn maintenance is there anything else I am missing? For example do I need some sort of insurance for land only with no structure?
3
Posted on 6/9/23 at 2:23 pm to computerguy
quote:
half on the water side and half on the 'marsh' side
worth the trouble
Posted on 6/9/23 at 2:31 pm to computerguy
If you cant justify doing it by yourself, perhaps bring in a partner. I did this but there are clear rules and/or understandings of how things will work. And there is no "well he used the camp 4 more times than me, so i should pay less, blah, blah, blah".
Posted on 6/9/23 at 3:31 pm to computerguy
quote:
Owning Land on the water
as long as you understand you cannot backfill washed out land and anything considered marsh needs an act of fricking congress to get approval to do anything to it.
sounds like a bad idea and a money pit
you are already buying land that is no longer considered as land and you will be supremely restricted to do anything to it as it gets washed away the rest of the way
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