The value is your decision isn't it? The manufactured homes on Lido Isle is a tremendous value when compared to other homes or condos on the Isle, especially if you have a marine view. Every person has an opinion, yet some opinions are not justified because of mitigating factors.

For example, an agent wrote that "What you need to be aware of is that mobile homes(like cars) always depreciate,although the land that comes with them may appreciate over time. financing can be difficult as many if not most lenders do not finance mobiles.

This comment is highly improbable and would never occur with a manufactured home on Lido Isle. The fact is that the community commands a premium because of its location and surrounding multi-million dollar homes, yachts and other amenities. I believe its value overtime would appreciate in equity, yet while not as fast or as high as real estate, but appreciate nonetheless.

While it's true that financing could be difficult, it can be done easily if a buyer is qualified and you contact a professional, someone like me who has the experience and knowledge to achieve your goals and objectives..

FYI, there are manufactured homes in Palos Verdes, some as old as 30 years whose value is over $400k and more. There are also manufactured homes as old as 30 years for $30k or less in other communities, so why is that? Location, location, location.

Unless you 'need' the Lido address, there are other properties that would deliver a better value.

I have seen these and shown them to clients. They are in a great area, close to recreation, restuarants, etc. The lease land is pricier as you get closer to the water. My clients decided to buy a similar priced townhome in Laguna Niguel, close to the beach and trail to Salt Creek for the same price, which wasn't on lease land. There are currently condos in Laguna Beach and Laguna Niguel that are similarly priced that were much more expensive a couple of years, even a year ago. It all depends on what you like, there is nothing wrong with purchasing on lease land, as long as you understand and are comfortable with the terms of the lease.
Best wishes,
Ellen Bosworth

Dana, Just curious, Are you licensed to sell real estate in CA?

Many of these are new manufactured homes and they are quite nice. The issue over on Lido is that they are all on leasehold land and the space rent is quite high. They vary slightly, but to give you an approximation, some of the lot rents range from $1,500/mo - $2,000/mo. The units themselves are reasonably priced, some available for around $300,000. If you are interested, I can send you more details on the properties that are available right now, if not, I can try and help you find what you're looking for. Email me at: cfleming@coldwellbanker.com. Hope this was helpful!

What you need to be aware of is that mobile homes(like cars) always depreciate,although the land that comes with them may appreciate over time. financing can be difficult as many if not most lenders do not finance mobiles.