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Started By
Message
re: $40,000,000 Louisiana Hunting Lodge for Sale in Cameron Parish
Posted on 5/16/24 at 5:36 am to Prominentwon
Posted on 5/16/24 at 5:36 am to Prominentwon
quote:
Come on fin. There can’t be any other explanation as to why this property is so expensive. The man just wants 40 million for a swamp. Clearly the OT knows more than a successful CEO billionaire.
This thread has been cracking me up. Just some totally clueless responses.
ETA: not that anyone on here has to worry about purchasing it anyway.
This post was edited on 5/16/24 at 5:38 am
0
Posted on 5/16/24 at 5:40 am to ChatGPT of LA
He put 10+ in the property adding a freshwater compound that is over 100 acres.
Posted on 5/16/24 at 5:41 am to GREENHEAD22
quote:
Not sure on the ownership % but his company sold for little over $1B back in 2011.
Even If I had a billion dollars, I'd have to question spending 40 million on a camp that the next hurricane is going to wipe out. I wonder if he can even get it insured?
Posted on 5/16/24 at 6:12 am to LAblues
Well, every other year or so you will have in the gulf property vs marsh.
Posted on 5/16/24 at 6:14 am to LAblues
quote:
Any OTers know who owns this bad boy?
Bill Dore.
We used to get to bass/redfish out there quite a bit when I was in high school. My dad knows him pretty well. Cool dude. Got me hooked up with a job at Global when I was right out of high school. I think I was the only guy on the barge that didn't have a felony.
Posted on 5/16/24 at 6:17 am to Mud_Bone
quote:
Even If I had a billion dollars, I'd have to question spending 40 million on a camp that the next hurricane is going to wipe out. I wonder if he can even get it insured?
the duck hunting used to be awesome down there.
Posted on 5/16/24 at 6:35 am to LAblues
Lotta money to shoot teal and spoonbills.
Posted on 5/16/24 at 7:13 am to White Bear
That corner of the state was the last hold out for consistent good hunting, in particular in the Billion/Millions clubs.
They have now gone the way of the rest of the state sadly.
Habitat and population decline has killed duck hunting.
They have now gone the way of the rest of the state sadly.
Habitat and population decline has killed duck hunting.
Posted on 5/16/24 at 7:17 am to BregmansWheelbarrow
quote:
40 million for land in Cameron parish. Yikes.
I guess you have no idea how much that land makes off of duck leases alone much less other uses. I am not sure if the mineral rights are included but many a millionaire has been made off of that swamp land in Cameron. Ask the Streams family about it. Also, if the Streams family doesn't block you from it, there is potential to register it in the LA land bank and make money with mitigation.
This post was edited on 5/16/24 at 7:19 am
Posted on 5/16/24 at 7:19 am to stout
That’s marsh not swamp
Posted on 5/16/24 at 7:21 am to choupiquesushi
quote:
That’s marsh not swamp
Posted on 5/16/24 at 7:21 am to Jim Rockford
quote:
A real hunting camp has a fire pit, a satellite dish that doesn't work any more, and every year you have to go around and knock down all the wasp nests before it's safe to inhabit.
You forgot about removing the snakes and hanging the latest centerfold on the wall.
Posted on 5/16/24 at 7:28 am to Beessnax
quote:
If I had 40 mil that last place in the world that I would buy land would be Louisiana
I’m assuming this person has more than just this.
He freely donated millions to scholarship funds in LA.
Posted on 5/16/24 at 7:40 am to LAblues
Lol
Never sell it for that amount
Never sell it for that amount
Posted on 5/16/24 at 7:51 am to LAblues
Toured it with Realtor several months ago pre-listing, and have the Mossy Oak marketing packet on my shelf. The shrimp etoufee they served us for lunch was incredible. It's got some producing wells on it. But it also has some potentially major remediation issues if DEQ/EPA ever decide to come a knocking
Posted on 5/16/24 at 8:36 am to Fat and Happy
quote:you can’t afford a 40 million dollar recreational property if it limits anything else in your life
At that level of money, I’m just paying for guided trips long before i spend 40 million on a property. Then i don’t have to worry about the property or anything else that comes with it. I would rather hunt all over the place than spend that kind of money.
The guy is worth a billion and some. It would be like me buying 50 acres of piney woods for 125k.
I would love to be in a position to buy something like that, I just need a 500x change in my net worth between now and summer.
Posted on 5/16/24 at 9:24 am to dgnx6
quote:
I’m assuming this person has more than just this.
He freely donated millions to scholarship funds in LA.
He has a pretty awesome life story, too.
https://horatioalger.org/members/detail/william-j-dore/
quote:
'My youth was full of tension,' says Doré. 'My father was a hard worker, but a heavy drinker. He was a very talented man even though he couldn't read or write. He had many jobs, which included truck driving, shrimping, and welding.' Doré's father had a fierce temper and often beat his son. Finances were also a problem. On many Friday nights, Doré and his mother had to find his father before he could spend his paycheck on alcohol. 'Today, I have come to grips with my father's behavior and believe that he suffered from undiagnosed attention deficit hyperactive disorder and post-traumatic stress disorder after World War II, which, along with his other problems, wreacked havoc on his temperament.'
quote:
Early in life, Bill Doré noticed the differences between his mother's family and his father's. On his father's side, no one went to school; they were all illiterate. On his mother's side, everyone finished high school and had a higher standard of living. Around the age of 10, his mother's sister offered to adopt him, because she could have no children of her own. 'My aunt was wealthy by our standards because she and her husband owned a business,' says Doré. 'I saw life with her as an escape.' In the end, Doré's mother never allowed the adoption, and he felt his dream was yanked away from him. 'I always felt that my dreams were just beyond my reach. So I began to concentrate on the smaller rungs of the ladder to success.'
Posted on 5/16/24 at 9:46 am to LAblues
I don’t even want to begin to imagine those insurance premiums
Posted on 5/16/24 at 9:51 am to HoustonGumbeauxGuy
yeah, he is making a profit selling @ $40 Million---- because this will all be underwater, and Richie Rich couldn't afford the homeowners/flood insurance before then.
Posted on 5/16/24 at 9:53 am to DirtyMikeandtheBoys
quote:
But it also has some potentially major remediation issues if DEQ/EPA ever decide to come a knocking
anyone with a brain would do a Phase I ESA on the property and any issues would need to be remediated before purchase by current owner or operator or the price of remediation would come off the asking price
This post was edited on 5/16/24 at 9:54 am
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