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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 2:38 pm to CouldCareLess
Good point about having a partner.
For now I am looking to understand the costs. If it is just the tax/lawn care it is no problem what I am looking for is for anything I might be missing I don't want to end up with a money pit that is 12 hours away.
For now I am looking to understand the costs. If it is just the tax/lawn care it is no problem what I am looking for is for anything I might be missing I don't want to end up with a money pit that is 12 hours away.
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
Posted on 6/9/23 at 3:38 pm to keakar
The lot had a camp on it with water/power and I believe there are still some remnants like a few pilings and things like that. Can it get rezoned as "Marsh"? There are also camps on the left and right of the lot.
Thanks for the input this is the kind of stuff I am looking to find out.
Thanks for the input this is the kind of stuff I am looking to find out.
Posted on 6/9/23 at 3:49 pm to computerguy
quote:
The lot had a camp on it with water/power and I believe there are still some remnants like a few pilings and things like that. Can it get rezoned as "Marsh"? There are also camps on the left and right of the lot.
Thanks for the input this is the kind of stuff I am looking to find out
how it is zoned now is the key
be very careful asking questions and dont give them any reason to look at it and rezone or reclassify it as marshland or its worthless if they do that because there is nothing you can do on it or to it after that
so do your investigation giving out as little info as you can
if its still considered as land, you can hurry up and refill the land if they wont do an inspection for the sale
its something you need to really be on your game with this and cover all the bases
Posted on 6/9/23 at 4:10 pm to keakar
Wow thank you so much, the good thing is that I am buying it from family as an older member passed on. My aunt is also a lawyer with 0 trust issues who is handling the process. I will have her check the zoning.
Can you offer more details on the refilling. Is this simply the process of adding more dirt, or is this more complicated? Thanks for all the input.
Can you offer more details on the refilling. Is this simply the process of adding more dirt, or is this more complicated? Thanks for all the input.
Posted on 6/9/23 at 4:23 pm to computerguy
quote:
Can you offer more details on the refilling.
if its family owned then i would backfill before the sale to avoid any issues. as for what and how, just go with the nearest local resources and materials opportunities for that
my uncle had land that got rezoned after water erosion. over about 30 years he lost 500ft of land about a mile long along the shore. he added about 12 ft of rocks to the waters edge to prevent further erosion and the core of engineers and some environmental agency sent him a letter threatening him with steep fines and jail time for environmentally damaging the wetlands
he was forced to dig it all up, under their supervision, and he still got a 6 figure fine for his troubles. as long as its all still on the records as being land, and not listed as marsh or wetlands, then you can fix it on the down low yourself.
just be aware, there are agencies that have nothing better to do then stop you from protecting or repairing your land if there is water on it
This post was edited on 6/9/23 at 4:32 pm
Posted on 6/9/23 at 5:27 pm to keakar
Thank you, this is precisely the type of issues I was looking for I will look into what needs to be refilled as part of the equation on buying. Time to do some research, again your input is much appreciated.
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