Top 6 Problems When Purchasing Florida Waterfront Property.Problem 2.

By
Real Estate Agent with Coldwell Banker Next Generation Realty

Problem 2. Community Waterfront versus Private Waterfront.

Many waterfront, waterview and water access properties are located in developments where the original developer subdivided a large tract and reserved the waterfront for the use of all of the houses in the neighborhood. Interior houses may be listed as “water access” properties and have affirmative rights to community beaches, boat ramps and other facilities. In many of these developments, there is also a strip of land that lies along the water and surrounds the entire community and was intended to allow for members of the community to walk and have access to the entire waterfront. The ownership structure of these walks can vary widely, but if they are present, there are special concerns for the homes nearest the water. Those homes may have the right to build and maintain a pier — but the pier may actually be owned by the community and be available for all of the members to use. Or there may be no right to a pier at all. The possible variations are too numerous to list, but an owner purchasing “waterfront” in such a community should be sure to understand exactly what the obligations and benefits are in the particular community.

 

 Florida Waterfront Probelms, Florida Real Estate

Posted by
Nature Coast Florida Real Estate Professional
Florida Waterfront and Luxury Homes and Condos
Crystal River, Homosassa,Inverness, Pine Ridge, Citrus Hills, Beverly Hills
Citrus , Hernando and Marion County
 
Natalia Carey
Broker Associate
Coldwell Banker Next Generation Realty
 

Comments (1)

Linda Blumenthal
Hampton Crossing - Licensed Real Estate Salesperson - 631-466-4087 - Westhampton Beach, NY
NYS Licenced Real Estate Salesperson, CBR

Good moring Natalia.  I enjoyed your post, as it is a valuable warning to all potential buyers.  Always know the rules and regulations of the community you plan on buying into (waterfront or not).  Have a great day!

Mar 17, 2013 01:34 AM

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