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Originally Posted by bauhaus
I wish I bought the lot was my point... I didn't and thats what it just sold for.. an israeli bank bought the entire mountain for 22million and parcelled it out... way outta my league good sir. Maybe not yours but for sure its outta mine.
didn't even have a road going to it... a wild quad track at best. Thats my buddy and his wife in the pic. The lot is pretty much parallel to sunset reef. Hence why I was excited to look into it at first.
Prices in MalPais where I am heading... just stared this year to really head upwards.... 2-4 yrs ago oceanfront was $50k with a house on it...not a nice house but a house none the less.
Building restrictions are insane though... unless you buddy up with the buidling inspector you can't even build a house. There are people that have been there for a few years now sitting on beautiful lots with house frames only on them
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Yes.. same here - constantly saying it would have been worth every dime to buy land - and missing out for one reason or another.
Ah.. know your area!
Yes.. definately on the way up and destined to go that way for a good few years ahead. Got one of these "mountains" you mentioned not far from there - faces over the bay at Tambor, but sure would never dream of buying for $22 mill lol
Agree... it's a total shithouse to work with as far as planning is concerned - nothing is straightfoward and prob best to buddy up with however to make it happen.
Other very useful thing in property here is have a "team" - good surveyor, respected lawyer etc. They often have a wide range of contacts and can ease the way in many areas and usually know whoever in govt to help it along. Our land lawyer spends half his week on the Pacific coast - there's just too much work to do there.
Got a few corps dealing in accquiring land and one of the directors spends most of his time roaming up and down the Pacific coast speaking to everyone from farmers to realtors to find prospective deals. You prob homed in at the right place with the right person on your initial deal - a good one!
BTW... Not sure what stage it's at, Harrison Ford and a couple of others have a studio complex deal going down there. Know the contractor and seen some plans for an initial "village" to house staff and have a base - then they will add lots later. Hard to say at the moment, but may be that will create more local activity in the area and a point of interest.