Florida Property
I was reading a post earlier today, that of course i cannot find now. Someone mentioned Florida properties for sale there cheap, like 30-50k for a two bedroom home. I scoured the internet also an...
Forum Discussion
JRS & B wrote:
Rockhillmanor - This year. We closed on April 16, 2014.
There appears to be a distinct category for "Waterfront" property in the Charlotte County Records. Our property is not on the waterfront. It is my understanding that waterfront property, velocity zones and outrageous flood insurance rates all go together hand in hand. So combining the two categories kind of makes sense.
Of course it makes no sense at all to those people whose grandparents bought waterfront homes for $25,000 many, many years ago, and now it cost more than that just to fully insure the home for a single year.
The important thing to me is that the property I bought is not on the waterfront, is not in a velocity zone, and has been previously built up to be at 10 feet about sea level, and the flood zone is shown as 10AE. So we should be good to go. I am paying cash for the home we are having built so I am not required to buy flood insurance. But as long as it is affordable, I will spend the money.
Sounds like you found a real great deal!
I'm really not complaining. I paid cash also so my feet are not in the fire on what all I have to buy for insurance.
I got a good deal also. After a few years of getting tired of paying high costs for sardine parking in Florida CG's for the winters it was a given for me at these prices to buy a house w/acreage to park me and my MH on as a new home base!
Full timed for a few years and found myself getting homesick for Wisconsin's spring, summer and fall weather, so thinking of reverse snow birding from here back North during the summer months.
