Real Estate Agent · Jacksonville, FL · Member since 2016 · 102 posts · 8 votes
Hey BP family I could use some advice. I'm a whole sealer here in Tampa and St. Petersburg Florida. I've got a call today from a seller that owns about 20 water lots off of a bay. All of the lots are under water. Is there any value in this? What should I do?
So you are interested in buying a lake ? ..or maybe a pond ? .. I know in Dubi they are building Land buy pumping up sand from the bottom of the ocean and redirecting it ..i imagine the cost is enormous .. I cant see any value ..perhaps if there were 20 million dollar lots above water next to them .. or if you wanted to start a fish farm .. for me though .. i would learn to walk before i swam ..
So you are interested in buying a lake ? ..or maybe a pond ? .. I know in Dubi they are building Land buy pumping up sand from the bottom of the ocean and redirecting it ..i imagine the cost is enormous .. I cant see any value ..perhaps if there were 20 million dollar lots above water next to them .. or if you wanted to start a fish farm .. for me though .. i would learn to walk before i swam ..
If the lots are actually on the bay and some portion of the lots are above ground you may be able to use them aso docks. If they are in a great location and you can get them very cheap and are willing to put in the work to see about turning them into docks you may have something.
Kareem Neverson the beginning of the lots are in shallow water like ankle high then it goes into deeper water. The seller said that they use to be crab shacks back In the day. I just want to wholesale the deal who would I target selling it to for making it into a dock or something like that?
Are they landlocked? How do you get to the lots if they are completely underwater? Do they have access to a lake, bay or ocean? What surrounds the lots are there any other boat slips or docks nearby? I need to know these answers to provide you with a good exit stratergy. Also are they in tampa, st.Petersburg or Jacksonville?
Kareem Neverson they are completely under water of the McKay Bay here in Tampa Fl right by the causeway bridge. I'm not sure about land locked. It's a housing subdivision right behind it and some industrial surrounding it.
The question would be, why would anyone want to dock there? Is it close to other conveniences that boaters might want to go to? Close to housing developments, etc.? Is it a deal you really think is worth putting time into?