How do you get rid of property that suddenly is wetlands?

[jackalope48]

Honestly go talk to a delineator about it for a consult and pricing. 9 acres where you could carve out a couple home sites adjacent to a state park might be incredibly valuable property. Even a single home site would be good. Basically you want them to map it out and see if you can carve a road in and have a couple sites for houses. Stuff like that goes for low millions in Coastal Texas. If you are near a population center it's rich folks land. Secluded with lots of nature with enough build able space for a couple million dollar houses equals big bucks.

Like others have said you can build and mitigate. The purpose of the delineator is to map everything out so you can come up with a plan to either just build in the non wetland parts or establish some mitigation areas for offsets from wetlands you can't avoid. For instance let's say the whole thing is wetlands except two acre sized non wetlands in the center. Typically you can come up with a plan to carve a raised road to the non wetlands and trade the road acreage through the wetlands for some newly created areas. It takes professionals to do that.

[Parnassia]

Originally Posted by rural_dystopia

its horrible that i can purchase property that was totally suitable/approved for development, but then the army corps of engineers update their wetlands maps - doesn't notify me about the change and i only learn about it when i try to sell and am then stuck with it forever - taking the financial hit. its way worse than eminent domain. conservation groups, the state or the county are not interested in smaller plots of land surrounded by grandfathered-in homesteads.

meanwhile, developers can afford to mitigate wetlands, fill it in and build, which creates more stormwater run-off that floods nearby existing homes not in the flood plain, devaluing their property as well. of course, when the developers seek approval from the feds, state and county they have their engineers with all their maps and data to explain how that will never happen because of the retention ponds, and other drainage systems they will build. the plans are approved, the development is built. the corporation that built it is dissolved and there is no one to sue when the inevitable happens, a tropical storm, or simply a sub-tropical low dumps 9 inches of rain and the homes of the incumbent residents fill up with a foot of water.

Investing in real estate has it's risks just like any other investment unfortunately. No one can predict the exact future.

[oldtrader]

A big problem, is it s only 9 acres. It is not large enough to be valuable enough, to go through all the steps and expense involved to get this property wetlands classification changed. Some are giving ideas that may work under some circumstances, but takes considerably more expense than the size of this property justifies.