Question RV lot ownership

[redbaron]

something to consider: purchase raw land and make it your own rv lot. Done properly, you will have minimal expense, and very good appreciation in the property value.

My most recent purchase was near Glacier NP, where I purchased 3 acres. I had to put in a road, water, electric, sewer, and internet. Total investment < $100k, with annual expenses < $1k including utilities and taxes.

I am in the process of doing the same thing in the Smokey mountains.

 

[docj]

We own a lot in an "ownership park" in Rockport TX where we spend our winters and "non-travel" months. It's not a "resort" nor did we want one. It's a community of ~80 lots and we have fee simple ownership of ~3,000 sq ft on which we have built a casita (my wife's sewing center) and a storage shed. The park's only amenities are a laundry center but we weren't interested in having more than that. We're not the kind of people who spend their days at the rec hall playing poker, pickleball or whatever. There's nothing wrong with that IMO, but it's simply not for us.

 

[FL-JOE]

Since I last posted on this subject (about 2 years ago), much has happened. We actually did start wintering at a different location in Florida and when covid initially struck our annual lease for a RV lot was $3,444 per year. We are still in that same resort even though the lease has risen to $4,800 per year this month.

For us, at least over the past few years as full timers, it has worked out financially to lease instead of buy.

 

[Jim]

Since I last posted on this subject (about 2 years ago), much has happened. We actually did start wintering at a different location in Florida and when covid initially struck our annual lease for a RV lot was $3,444 per year. We are still in that same resort even though the lease has risen to $4,800 per year this month.

For us, at least over the past few years as full timers, it has worked out financially to lease instead of buy.

Hey FL-Joe, what comes with that $4,800 a year?

 

[flyboy013]

After renting a lot at Pelican Lake Motorcoach Resort in Naples Florida for portions of the 2020 and 2021 winter seasons, we purchased a lot this past May.

We were one of 104 new owners in 2021. There are a total of 289 lots, so quite a bit turnover. I have been told that the average ownership duration is 5 years.

While there are the various costs of ownership (property taxes, HOA fees, insurance, etc), the lot is also an investment. Since we purchased, values have increased just over 25%. Hopefully they will continue to rise as opposed to falling.

Pelican Lake is a very high end resort and has many benefits, the most important to us is the socialization that takes place here. There are tons of activities that take place each week. It’s far from a “campground”. I looked at purchasing a S&B here in the Naples area. While the weather is great, I did not want to end up sitting in my house like all the other in a typical neighborhood. I’ve taken up Pickleball and this past week we hosted the weekly Friday evening “Booze Cruise” gathering. Again, a very social place.

I like the fact that I can come here anytime I want. It’s mine and no reservations are required. We do not rent out the lot, which by the way, has a 308 sqft casita.

 

[Old Bubblehead]

We own at Olde Beau Motor Coach Resort in NC. We use our lot extensively, any trips we take during the year are based from there. We do not rent our lot. We have a 1000 sq. ft. casita on the lot, and use this in the off season when the coach is in storage. Having the lot changed the way we camped, but we enjoy what we are doing now.

 

[Tip&Tina]

Anybody stay at Florida Grande Rv Resort? They seem to be sort of new and are building another section from what I can gather from their website Welcome To The Florida Grande - Florida Grande

The prices for lots seem reasonable. They are in Central Forida, but I don't think their is a lot of attractions in this area. I left them a few questions a few days ago on the contact us email address, they never responded.

HH

We purchased at Florida Grande about 4 months ago in the first section. When we purchased there were about 25 lots for sale; they are sold out and starting on the “new” second section. Just learned that at our POA meeting. There will be a total of 499 lots.

The Villages is building near by and will be within 5 miles of FG when they are built out. Will that help the property values? Maybe. It will help with restaurant, shopping etc. Right now all of that is about 15-30 minutes away depending on what you want. We are 30 miles from Orlando, 40 miles to Tampa and 20 miles to Ocala.

FG is very quiet, the neighbors are awesome, the pickleball is great, the poker is awesome and the overall atmosphere is very positive.

Our lot backs up to a large cattle farm-these are our neighbors.

 

[Headhunter]

We purchased at Florida Grande about 4 months ago in the first section. When we purchased there were about 25 lots for sale; they are sold out and starting on the “new” second section. Just learned that at our POA meeting. There will be a total of 499 lots.

The Villages is building near by and will be within 5 miles of FG when they are built out. Will that help the property values? Maybe. It will help with restaurant, shopping etc. Right now all of that is about 15-30 minutes away depending on what you want. We are 30 miles from Orlando, 40 miles to Tampa and 20 miles to Ocala.

FG is very quiet, the neighbors are awesome, the pickleball is great, the poker is awesome and the overall atmosphere is very positive.

Our lot backs up to a large cattle farm-these are our neighbors.

Hi Tip & Tina

That sounds good. On their website when I submitted questions to the CONTACT US address, they wouldn't answer my questions because they didn't know if I owned an A Class motor home. Maybe they think I didn't read the 55+ Serving Class A motor homes in their header.

Then I filled out another questionnaire stating my motor home class and size and asked the same questions I got no answer at all. So maybe you can answer one please. It say lots starting at $52K, Does that include pavers and landscaping? Approximately how much more for a grand suite or a Tiki Hut?

Another Rv Resort is in the same proximity is called Bay Lake. I was hoping to maybe take a trip down and spend a few days at each RV resort and check them out. I like where they are located in Florida.

Regards HH.... Jim P.

 

[Fish]

Hey FL-Joe, what comes with that $4,800 a year?

Can't speak for him but for my 4100 a year I have a huge lot that I leave a 16 ft box trailer on to keep my golf cart in. On site marina on the Caloosahatcee, on site 9 hole par 36 golf course, pool, steakhouse, and of all things a rodeo arena that doesn't seem to get used much. Down the river a ways is River Bend Motorcoach Resort where lots are 200 grand and up and I'm pretty sure hoa fees are as much as I pay in rent and they don't have a golf course. Think I'd stay here over there even if I won the lottery.

 

[AbdRahim]

We own at Olde Beau Motor Coach Resort in NC. We use our lot extensively, any trips we take during the year are based from there. We do not rent our lot. We have a 1000 sq. ft. casita on the lot, and use this in the off season when the coach is in storage. Having the lot changed the way we camped, but we enjoy what we are doing now.

Looks expensive