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10-26-2007, 09:52 PM
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Junior Member
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Join Date: Oct 2007
7 posts, read 9,822 times
Reputation: 12
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Is buying a lot in North Port a good investment?
I will be going to North port in the near future to check out some lots. A realtor in New York is offering us a 1/4 acre for 50K ready to build. I have some questions that I wish some of you can help answer.
- Which area in North Port do you recommend?
- Is the price too high or about right?
- Is it a good investment?
The realtors in NY are saying that North Port is the best place in Florida to invest ATM due to its population growth in the area. Any advice?
thanks.
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10-26-2007, 10:03 PM
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Not a member
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Join Date: Apr 2006
673 posts, read 351,135 times
Reputation: 236
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Is buying a lot in North Port a good investment?
no
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10-26-2007, 10:52 PM
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Senior Member
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Join Date: Aug 2007
Location: 05 to present Venice, Fla 91-05 Manchester, NH
247 posts, read 241,918 times
Reputation: 51
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ditto - not a good move at the moment... there are plenty of posts on North Port on this site.
You could be worse and bought a lot in Lehigh Acres......
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10-26-2007, 11:07 PM
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Senior Member
Status:
"happy thanksgiving"
(set 4 days ago)
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Join Date: Dec 2006
243 posts, read 310,542 times
Reputation: 44
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I think that price is high. They are $20 and under now and if it does not have any water or sewer, look for assessments to add to your price. I would NOT buy right now unless you pay under $5000, and you could just 3 years ago.
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10-27-2007, 12:26 AM
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Senior Member
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Join Date: Jul 2006
Location: Florida
1,941 posts, read 1,860,785 times
Reputation: 338
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HAHAHAHA, just tell him thanks but no thanks. That's way high.
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10-27-2007, 09:21 AM
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Support Jeff Hardy! Innocent until proven guilty!
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Join Date: Jul 2006
Location: Marion, IN in the middle of the corn fields!
5,742 posts, read 5,187,508 times
Reputation: 3856
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Agreed. There are no lots in North Port worth 1/2 of what you are being told.
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10-27-2007, 10:53 AM
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Junior Member
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Join Date: Oct 2007
7 posts, read 9,822 times
Reputation: 12
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thank you all for the advise. the price did seem a little high to me also
how about a lot in Port Charlotte or Citrus Springs for the same price?
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10-27-2007, 11:42 AM
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Support Jeff Hardy! Innocent until proven guilty!
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Join Date: Jul 2006
Location: Marion, IN in the middle of the corn fields!
5,742 posts, read 5,187,508 times
Reputation: 3856
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You may find some waterfront lots in Port Charlotte that might command that kind of price, but the market here is tanking badly. I am not familiar with Citrus Springs, so I can't offer any advice on that.
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10-27-2007, 01:25 PM
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Not a member
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Join Date: Apr 2006
673 posts, read 351,135 times
Reputation: 236
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Citrus Springs for the same price?
no.
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10-27-2007, 01:34 PM
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Junior Member
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Join Date: Oct 2007
7 posts, read 9,822 times
Reputation: 12
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my wife and I are so confused. I guess we need to go there and check out the lots ourselves. I just checked in realtor.com and they have lots for .25 acres starting from 8K all the way to 50k. There is got to be something fundamentally different in these lots for the huge difference in price.
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