Home Buying in Moorings>Question Details

Connie Licau…, Other/Just Looking in Naples, FL

Would you buy buy a condo on the beach with a land lease?

Asked by Connie Licausi, Naples, FL Mon Jan 28, 2013

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11
I would if the price is right.
0 votes Thank Flag Link Tue Apr 8, 2014
Not if I could find something else.
0 votes Thank Flag Link Tue Apr 8, 2014
There are many great answer here. If you are looking for a great resources to scope out the Naples area and start looking at some real estate I invite you to visit my site: http://www.NaplesHomes.com

Feel free to call me anytime at 239.244.1559 as I would be happy to answer any questions you may have!

Ryan Schwartz, Realtor
White Sands Realty
239.244.1559
Web Reference: http://www.napleshomes.com
0 votes Thank Flag Link Tue Jan 29, 2013
Have to understand the situation thoroughly; if you can't afford a condo on the beach without a land lease...it may be the way to go. Know what you are getting into and it's total costs...remember it's like renting the land....similiar to a co-op where you "rent" the unit...a simple way of saying it....Kathybc 800-448-3411 ext 601. (1/29)
0 votes Thank Flag Link Tue Jan 29, 2013
Land lease is a way to provide affordable housing for many.
Of course if one can find an equivalent property, at a similar price that was not land lease, that would be a better value.
Land leases serve a purpose. Folks get in trouble when that purpose is misapplied.
For me, a land lease on the beach with a big water view of the Gulf of Mexico does not present a problem UNTIL I realize that I am going to live to be 130 years old. Each situation will merit a separate evaluation.

For the purpose for which they were designed, land leases are just fine. They are not investment instruments. They are affordable housing instruments.

Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
727.420.4041
http://RealEstateMadeEZ.us
0 votes Thank Flag Link Tue Jan 29, 2013
Dear Licausi,

Me personally I would never buy a condo/ property with a land lease. There are so many great deals with prices a lot lower than in 2007.

If you would like to get notified right into your e-mail on great deals with our state-of-the-art system, please let me know.

Here is the link for all the available foreclosures:

http://Naplesinflorida.com/foreclosures

Best Regards,

Dimitri Schwarz
Premiere Plus Realty
Gulf Shore Team
370 12th Avenue South
Unit # 101
Naples, Florida 34102
Phone: 239.992.9119
http://Naplesinflorida.com
0 votes Thank Flag Link Tue Jan 29, 2013
Connie,
Why do you ask? Have you located one that you like that is a land lease? Or have you just heard about them? Either way, find a good REALTOR® and get some professional help. Any of us would be happy to help you in your search, so if you're not already working with someone, give one of us a call. And if you are, please rely on your REALTOR® to help you with those very important questions.
0 votes Thank Flag Link Tue Jan 29, 2013
Great response.
Flag Mon Feb 25, 2013
NAPLES REAL ESTATE GUYS, Real Estate Pro in Naples, FLNo, and we are not sure you could even find one. Let us help you in your home search in Naples. http://www.NaplesRealEstateGuys.com
0 votes Thank Flag Link Tue Jan 29, 2013
Hi Connie,

I would not advise purchasing a property with a land lease. There are too many other great opportunities available to have to get involved with a land lease. Please give us a call at your earliest convenience so that we can discuss your real estate needs and see if there is anything that we can do to assist you. Please feel free to visit http://www.buyandsellswfloridahomes.com and you will be able to search just like an agent. We are also available in the evening, if that is a better time for you to talk. Now, is a great time to purchase a home in SW Florida! Please feel free to contact us any time. We are looking forward to speaking with you, and to achieving all of your real estate goals!
Your Satisfaction is Our Business!

The April and Jimmy Team
Realty Direct Naples
Jimmy 239-877-3194
April 239-384-4663
AprilandJimmy@RealtyDirect.com
0 votes Thank Flag Link Tue Jan 29, 2013
Hello Connie, That would depend on the Condo, those with land leases are called co-ops, which is just different type of ownership. Some Co-ops allow the land lease to be purchased, and here again it depends. Co-ops usually cost less than an equivalent condo but the expenses are higher. Let us help you with your decision choices, 239-9639182 or pamandjohn@naplesnavigators.com.

Being on the beach is best, wouldn't you say!
0 votes Thank Flag Link Tue Jan 29, 2013
Hi Connie,
No, I wouldn't recommend it, you never know what is going to happen with that down the road, plus it's harder to resale. There are so many regular condos in Moorings area, some across the beach also, that are a little more affordable then the once right on the beach. Please let me know if you would like me to send you some of those available listings.
You can email me any time at naples@deesellsparadise.com or call my direct line 239-273-8866
dee zmigrodzki
Realtor
Premiere Plus Realty in Naples, Fl.
0 votes Thank Flag Link Mon Jan 28, 2013
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