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rodltg2
10-04-2006, 04:38 PM
lets say there is a ski lake project . there is a proposed plan for 8 partners. the property is not spitlable so no pernamnet sturctures can be built. each parnter would own 1/8 of the LLC allowing them acces to the lake and the partners can put and rv/ travel trailer with a dock. a share could be sold down the line as long as the new person is agreed upon by the other partners. how much would you pay for a share of this project.? i know most of you are out of cali, so your answers will vary quite a bit but im just curious..

PendO
10-04-2006, 04:39 PM
how big is the lake? Just enough roof for a course?

rodltg2
10-04-2006, 04:51 PM
yeah, standard ski lake, aprrox 2200 x 225

Archimedes
10-04-2006, 04:54 PM
Tree-fiddy!

Seriously. I would pay 1/8 of the sum of the value of the land plus the construction costs. So if you're in Cali that would be about $500,000 plus exorbitant water fees or if you're in Texas that would $199.95.

rodltg2
10-04-2006, 04:57 PM
Tree-fiddy!

Seriously. I would pay 1/8 of the sum of the value of the land plus the construction costs. So if you're in Cali that would be about $500,000 plus exorbitant water fees or if you're in Texas that would $199.95.


hey partner!

River Rat
10-04-2006, 05:00 PM
hey partner!
:uglyhamme :uglyhamme :uglyhamme

Archimedes
10-04-2006, 05:00 PM
hey partner!

Well, I didn't actually mean "I" would pay that...

rodltg2
10-04-2006, 05:01 PM
too bad , with that much i would just be you and me.

Tryin-again
10-04-2006, 05:01 PM
Tree-fiddy!

Seriously. I would pay 1/8 of the sum of the value of the land plus the construction costs. So if you're in Cali that would be about $500,000 plus exorbitant water fees or if you're in Texas that would $199.95.


Not sure about the land price - But call it a stock tank and let the gov't pay part of it... It would be better if you could divide it then eaach owner could file and get gov't $$ for the cost of this "stock tank"..:D

Archimedes
10-04-2006, 06:16 PM
too bad , with that much i would just be you and me.

Funny, the number that initially popped into my head was a mil for the whole thing.

About 11 years ago a couple of us I looked into the idea of this in the south bay and the water costs were just way too prohibitive, not to mention the water rights were basically impossible to get at the time. Some crap about a drought or some other lame excuse.

Leroy
10-04-2006, 06:46 PM
With some land around it if you end up 3500' by 350' then you have ~28 acres. How much per acre and how much to dredge the lake? I would guess based on land prices you are looking over $1M each. The next question will be where will you get the water to fill and keep the lake filled in CA around SAC?

Of course you asked how much would I pay, about $50k, probably doable around here in the country.

Evan Jones
10-04-2006, 06:53 PM
OK I'll be the first one to really answer the question. I would call that an ideal vacation home without the home. I'd probably be willing to put in 100k - 150k. DIstance would be a factor. Us New Englanders don't like to have to drive to far. As long as it was within 3-4 hours of home I'd seriously consider it.

JohnE
10-04-2006, 08:53 PM
To answer the question, I'd pay up to 100k. It's not ideal for me, as I'd prefer to be on a boating lake. It would be fun, though. So if available, I'd consider it.

Roonie's
10-04-2006, 10:19 PM
If it was my only option for water then maybe 70k - 90k. If you had other options then 30-50k. 30-40k is how much a golf membership is in the exclusive clubs around here in Seattle. My 2 cents.

dapicatti
10-04-2006, 11:09 PM
Hard to say due to the difference in real estate pricing....but 40k would be my max, if you couldn't live or build on it.

dougl
10-04-2006, 11:48 PM
~30 acres somewhere between Lincoln and 99/70 (placer/Sacramento county) is gonna cost in the area of 1.5M. I bet it may be a little cheaper south of 50 though the big builders may be snatching that land up as prices drop. Not sure what getting water right's in that area is like, but a friend of mine in Loomis has been having a hard time getting the "official" rights to the 1/2" he's suppose to have (says he's lucky if he get's 1/4").

I think the land north of 80 between Lincoln/Roseville and 99/70 is going to be very valuable in the next 10-15 years.

I would guess a lake with the necessary water rights in that area would be worth in the area of 5 million.

My wife works at a real estate appraisal company if you want to PM some details I can see if they can do a quick valuation on it.

Ric
10-05-2006, 12:15 AM
five hundred thousand dollars.........