mgh122
PA
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Joined: 10/31/2006
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Stayed there many times. Don't buy a lot in the phase two area from the developer. Look for resale lots with the landscaping done. Nice resort in a nice area.
Mike & Peg
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tugagaidry@bellsouth.net
Houma , LA, USA
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Joined: 11/27/2004
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We have decided not to buy a site in Florida.
1. The property taxes & monthly maintenance fees are $500/month
2. We could only use the site in the winter - Nov - March. It gets too hot in Florida in the summer. So we would be paying $3500 during the months that we are not using the site. ($500 x 7 months).
3. We can rent a site in the same park for $1500/month or $325/week. If we elected to stay for 4 months it would cost us $6,000 which is the same amount that we would spend if we owned a lot.
Where is the advantage for us in buying?
4. Florida real estate is depressed now; but, it can go down further just as easily as it can go up. Real estate does go up over time that is true; but, the property taxes and monthly maintenance fees negate the increase in value IMO. They never go away.
Thanks to all who have replied to this thread. I was not aware of the present depressed real estate conditions in Florida. This deal would be feasible if there were no monthly maintenance fees & high property taxes - they are the deal killer.
Tuga Gaidry
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Rick & Cheryl
Texas
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Joined: 09/28/2007
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Your response clearly indicates just how different each situation and park/lot can be different. Our lot in the RGV was 26,900, in a resort type park with full amenities, included was 5 years of free golf on an full length 18 hole golf course, property tax is about 450/year, maintenance fees are 141 per month. Comparing to renting, at approximately 3600 for 6 months, I think most can see why we bought, and compared to the above facts from the OP regarding a Fl lot, illustrates just how different each situation can be.
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flrvman
Texas
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Joined: 01/29/2006
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You should look into the Rio Grande Valley in South Texas. No turn down here and a lot cheaper. Weather is great and so are the people. Oh,, I am a Florida native. Now a winter Texan.
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jetboat
texas
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Check ut the one in palm springs cal,lots of lots for sale,and few rv's.My buddys father got into the palm springs one almost 25 yrs.ago,for penneys,when he passed suddenly,it sold for over $150.000.Its all location,etc.
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John&Joey
Northern MN
(Baby it's cold outside)
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Joined: 05/20/2007
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I'm struggling with this issue now. There is a park here that is very nice, and prices are much lower then a few years ago. Only problem is when I add up the monthly costs for a year, it doesn't make fiscal sense.
Last winter I posted the same type of question on the FT'er forum and got a lot of good advice. I think the best was to buy a lot in a "destination" area. Someplace that RV'ers make it a point to go to. Palm Springs is like that, and might explain why a prior poster had such good luck on the resale.
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John&Joey
Northern MN
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Nolan wrote:... A really nice home with a three car garage just sold across the street for $41,000. I have a picture of it on my webshot page below my sig.
That's amazing. What was wrong with the house? (if anything.) I'm guessing it was a bank repo since no-one could do a short sale for that much of a loss. Kinda makes me want to point the MH southwest next winter.
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Nolan
Full-timing
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John&Joey wrote:Nolan wrote:... A really nice home with a three car garage just sold across the street for $41,000. I have a picture of it on my webshot page below my sig.
That's amazing. What was wrong with the house? (if anything.) I'm guessing it was a bank repo since no-one could do a short sale for that much of a loss. Kinda makes me want to point the MH southwest next winter.
Yes it was a foreclosure house. I didn't get to see what it looked like inside. I just heard from a friend of ours what it sold for and walked over to check it out. Talked to a lady in the RV park we are workamping in, her son is a real estate agent. Says it's a buyers market right now around here. Good for the buyers, bad for the seller.
Nolan and JoAnn
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Bumpyroad
Virginia
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my folks house in Iowa sold for $50K about 10 years back, so probably worth $15 K now.  My grandfather's place in southern MN is on the market for $75K. huge old, lots of nice woodwork, solid house. so I am sure that in these "dying" midwestern towns you can pick up a bargain.
bumpy
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Mr.Mark
California/Tennessee
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Joined: 09/24/2006
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Some friends of mine bought a lot at the Outdoor Resorts in Las Vegas. The name changed to Signature Resorts and when Monaco went bankrupt, the name changed to Las Vegas Resorts. Anyway, they bought one lot then later bought the lot next door for guests. I've been a guest several times and it's a wonderful place.
I think these lots go for $180,000 - $225,000. I just couldn't justify the cost unless that was my homebase or I spent a lot of time there.
Normally, the lots rent for $75 a day. If I stayed their six months ($75x182=$13,650 per year) for 10 years = $130,650. Maybe by that time I'll be tired of Las Vegas and haven't even come close to the lot cost and that's not even counting the maintenance fees.
I like the 'pay-as-you-go' method... seems like a better cost savings.
MM.
Mr.Mark 
2008 Monaco Dynasty, 42ft., 4 slides, 425 hp clean-air Cummins diesel
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