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Originally Posted by RawAlex
Sleazy, there are a few things you have to look at with land:
Desirability and accessiblity combined: Lakefront is nice, but do people actually go to this lake (and are there other properties developed around the lake)?
Zoning and restrictions: There may be restrictions requiring very large lot sizes, which would make developing it almost useless. There may also be restictions on water access, on setback from the water, and year round / seasonal only restrictions... this can include the roads and acccess ways not being cleared in the winter.
Electric / water / sewage / septic: Some places will not permit septic tanks within X feet of a lake, some areas will not have power or water at all, etc.
Taking all of those things into account, and considering the potential to change any negatives (such as getting the county / area to maintain the roads or to to have S&W extended into the area, example) versus what you could potentially turn the area into. If you can guy 20 acres and build 20 lake front houses on 1 acre lots with full s&w, then you might have something great... otherwise you might have a very marginalized project that only works if you can tune the variables.
Good luck!
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You covered a lot there RA - and all relevant!
On the zoning side - based on that - a deal can be a runner or for the trash bin. Power is relatively easy, but stuff like disposal of sewage can cost serious money to avoid environmental contamination to that lakeside - the feature prob most considered when buying. Dunno what Sleazy's lakeside is like - but if it's a matter of "the richness is in the land" - environmental protection is probably crucial. Even by applying local zoning laws - this can still be screwing up the property big time. I would not even rely on local zoning laws to cover a reasonable standard of preservation.
It's a phase - and an initial one, where an overall masterplan is needed to establish the overall feasibility - and look 20 years ahead at least - preferably 50..
We got a project which is *very* sensitive to the environment and that's where it's appeal lies. If that is destroyed - the whole place is no better than a trailer park. It's stuff like real rainforest with elements of rare wildlife, ocean views, beaches, the highest density of sea life on the whole of the Pacific rim - you can see 40 feet down into the sea, the water is clear and clean - destroy that with sewage and it's something that can rarely be replaced.