Rare waterfront home under $700k USD in California
- Thread starter GON
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GON
$150 Site Donor 2025
My wife walks every day. Like clock work. For her two years South of Seattle, she quit walking nine months if year as it simply rained most every day.
Where we live now, it gets hot but always sunny and dry. In the summer she just starts her walk earlier. And since we live in a area with more same and less pavement, like the home in this thread, mornings are cooler as sand doesn't retain heat, like blacktop does l.
I hope you decide to read the information in the link, some good insight into the area and might provide facts that lead to why so many senior Americans live in Big River, CA
The land lease expires in 2029 so you’d be taking a real gamble buying this and hoping it’s still yours in 2029. Not to mention it’d have to be a cash purchase since no lender is going to give you a loan.
GON
$150 Site Donor 2025
@AZjeff , I typically search an area based on a vacancy announcement for a job. See what housing is available.
These searches and other life experiences end up being a decent way of screening properties..I am to the point when I see a property, I have a very high rate if guessing if the property is under contract just from the main listing photo.
GON
$150 Site Donor 2025
I had driven by these waterfront homes a few years ago, really liked the area.
One has to read the lease terms and conditions. I assume their is likely protection to renew the lease at a fixed increase rate.
Zee09
$200 Site Donor 2023
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GON
$150 Site Donor 2025
Concur with your attorney's advice on a macro basis to avoid land leases.
For folks over 60 that the real estate is to enjoy life, and not a investment or piggy bank, a land lease might be a win for certain aspects.
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Wherever and whatever makes you happy. Glad to be free to make a choice!
GON
$150 Site Donor 2025
No argument from me.
It would take very special circumstances to move to California. I applied for a job in Bridgeport, CA a little while back. The Bridgeport area is super nice, and the job was super nice. For the record, I didn't get an interview for the job.
On this house, the first thing I said to myself was why the home couldn't be a few miles east, which would have put the home in Arizona.
edyvw
$50 site donor 2025
CA is big.
This would be hard pass.
On other hand, I have property in San DIego, and hardly anything returns money like that location. Besides having probably best weather in the country.
No argument on the size of the state or the weather. I'm not a fan of how the state is run or who runs it, best I leave it at that. On a positive note it's a beautiful state, my son lived there for over six years IIRC.
They usually have terms upwards of 100 yrs and renew automatically.
Naw. They renew like clockwork.
A few years ago we had a situation "somewhere in Canada" where all the leases on highly desirable residential properties were ending on the same date. (I'm not saying where.) The owners did have the option to renew the leases but the previously reasonable monthly lease payments suddenly became extraordinarily high. It had the appearance of a move to force the "owners" out of their valuable and desirable houses. I don't know the outcome but it was a very ugly situation.
I wouldn't buy a residential property on leased land, especially not one on a lease ending in 4 or 5 years. If there is an option to renew the lease, the terms for renewal must be clear before there is any security.
I wouldn't buy a residential property on leased land, especially not one on a lease ending in 4 or 5 years. If there is an option to renew the lease, the terms for renewal must be clear before there is any security.
Lenders require that the lease term extend beyond the last payment date of the mortgage.
Ive vacationed at an RV park around there. I think you would want the houses on the AZ side.
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