I live on Ocean View Dr. and have to move back from the edge but want to do that because there is no greater place I've found to live. I have seen about 3-5 ft. average a year for ten years but that really depends if the winter storm hits during a full moon or stays grinding on the shore for days. Same as any waterfront storm issue, anywhere. The owners who built between 1959 and 1961 had to give their properties to the National Seashore when the original owner died and I will have to give my property to the sea, not heirs. I will live there because the wild Atlantic shore like nothing else. If you are averse to risk, and feel that you deserve the land you live on, you probably won't like it. If you enjoy the sun, wind, clear air, birds and whales, wildlife and the sound of the surf, AND can stay in the day and not project your fears froward than you would love it.
The shore has to fall into an angle of repose and I will take MY angle of repose from that.
Any water front property will have issues, water quality (Lieutenant Island and Pamet Point among others), marsh changes and smells, the tourists in your space...Ocean level rise will be an issue for your heirs if not for you, if you buy waterfront. I welcome you to the neighborhood if you want to come see my house moving project this summer.... more
Some people that own a home off Cape will use the equity in that home to purchase a mobile home here, I sold one where the buyer did get a personal loan and used his business as equity. You could try companies that lend money to buy boats and trailers.... more
There are a few options that you have. You can make an offer contingent on the selling of your house however the seller's don't like to take their home off the market for any length of time in this market and not always the best way negotiate. I would definitely talk to your lender and see what they could suggest.
It's been a few yeras since you asked this question. The house at 575 Nauset Lt Beach Rd is still there, and still secure. The house next door is currently for sale, at 615 Nauset Light Beach Rd. It's about 50 feet further inland and is quite secure.
Please give me a call so we can discuss this home - a wonderfully updates home with the open Atlantic as its front yard.
The most important criteria to consider is where your property is located. If it is near water that will definitely change the equation. How large your lot is, is also an important factor because of the distance that needs to be between your well and septic system. If you have an engineer come out, they can tell you whether you can have a regular title 5, which will usually run you under $10,000 to install or whether you may need an alternative system which can be more expensive to install and maintain. If paying for this out of pocket seems daunting, Barnstable County has a loan program just for new septic systems. They have access to millions of dollars and as long as your income is below $150,000 you are eligible for a 5% loan payable over 20 years. Don't hesitate if you have other questions. Even with living here in Wellfleet and being a Realtor who deals with these subjects all the time I know it sometimes gets confusing. The Health and Conservation agent, Hillary Greenburg and her assistant, Andrew Petty are also a great source of information. They are both located in the DPW building on West Main Street.... more