Rare waterfront home under $700k USD in California

I love the home and would consider buying it. Sent the home to my Wife, she also like the home. There is a whole lot to like about that home with the exception of California taxes and regulations.

You live in paradise three months a year. The best weather I have ever been in for three months a year. The other nine months where you live...... misery......

Big River, CA City Guide | About Living in Big River - Homes.com https://share.google/e5R3WKrA5CnvpedoF
Too each their own but really only Jan-Feb are kinda sucky but not THAT cold

Trade that with place where you really can’t do anything outside during the day April-October
 
Zillow and realtor dot com show listings for waterfront homes in all 50 states. My life experience suggests your definition of waterfront being exclusive to ocean front property is not widely accepted.
Waterfront to me is sitting on your toilet while looking at a water filled bathtub
 
Too each their own but really only Jan-Feb are kinda sucky but not THAT cold

Trade that with place where you really can’t do anything outside during the day April-October
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
 
@GON, how do you find these obscure properties nationwide?

Lake Havasu is HOT and this being down river is going to be hotter. 10 day forecast shows highs from 108 to 119.

Fan killing hot.
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@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.
 
Leased land, California. That's automatically three strikes, in fact a full nine innings of them.
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.
 
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.
Minor details my friend 😆 🤣 😂
 
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.
CA is a beautiful state, that's were it ends for me. I'll take your word that the area is beautiful. Regarding land leases my attorney told me to stay clear of them.
 
CA is a beautiful state, that's were it ends for me. I'll take your word that the area is beautiful. Regarding land leases my attorney told me to stay clear of them.
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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Concur with your attorney's advice in 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.
It could be OK, at this point in time the land lease is a no. Regarding living or investing in CA real estate, hard pass.
 
It could be OK, at this point in time the land lease is a no. Regarding living or investing in CA real estate, hard pass.
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.
 
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.
Not been there in years but in the 60s we were there every year for vacation. Family loved it. Sweet spot
 
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It could be OK, at this point in time the land lease is a no. Regarding living or investing in CA real estate, hard pass.
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.
 
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.
 
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.
 
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.
Lenders require that the lease term extend beyond the last payment date of the mortgage.
 
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