Proximity to Manufactured Home Park Property Values

[Justin Feldstein]

Does anyone have any experience with lots and homes in close proximity to a Manufactured Home Development? I'm eyeing a lot for a SFH build, vacation and short-term rental. The greater geographic area has high demand, and the target property is not within sightline of neighbors once you are there, but you basically drive thru it on the way to the property (shared road). In this part of the country, Manufactured Home Parks are very common and some would even say part of the charm. I personally couldn't care less (hence my interest), but it would helpful as I prepare to write an offer for the land, and in the event I refinance or flip it, what the market would say about it not being located in a traditional site-built neighborhood. I've read two studies that seem to say maybe, yes, values are depressed, but both studies were from before 2000. If I account for say a 15% discount on resale, is this a fair buffer?