Home Buying in Weatherford>Question Details

cathmclain, Home Buyer in Wimberley, TX

I understand with waterfront homes you purchase the home and lease the land, is this correct? How much do these leases run and for how long?

Asked by cathmclain, Wimberley, TX Wed Apr 24, 2013

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I have lived on Weatherford Lake now for over 20 years and love it! The land is owned by the City of Weatherford, so you enter into a lot license agreement with the City. These are due every October 1. Each single lot is approx $2000 - $2700 based on your improvements. You still are responsible for taxes on the improvements... therefore, you own the improvements on the land and the rights to use the land. The City of Weatherford changed their lease agreement a few years back. If you would like a copy of one, please feel free to contact me. I have one on hand.
0 votes Thank Flag Link Mon May 13, 2013
Some Lake Property is Leased. Weatherford Lake is A lease to the City of Weatherford. Possum Kingdom just recently started Selling the Lots. It use to be A Lease with the BRA. They are all different.
0 votes Thank Flag Link Wed Apr 24, 2013
Hi Cathy,

On lake homes, you purchase the home and the land it sits on.

Call me and I can further discuss this with you. I have sold lake homes in Parker county.

Ruth Christensen
Realtor®
Ready Real Estate
817.312.9978 (direct)
817.768.2254 (Fax)
Email: r.christensen@readyrealestate.com
Website: http://ruthchristensen.backagentsite.com/

READY REAL ESTATE
http://www.ReadyRealEstate.com

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0 votes Thank Flag Link Wed Apr 24, 2013
Not here, you buy oceanfront you also get the land. The beach is yours but you can fence it or restrict people from walking on it. You can restrict them getting to it by crossing your property to get there, but once there (like from a public assess) they can walk it. Maybe it's different in Texas.
0 votes Thank Flag Link Wed Apr 24, 2013
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