Do you own the lot, when you purchase a home?

Margie Cochran | Jan 25, 2022 | Category: Mobile home park in North Port, Florida

Harbor Cove Residential Comm - All questions

Address: 499 Imperial Dr, North Port, FL 34287, USA

Deborah “Gourmet Mermaid Shopper” | Jan 25, 2022

I visited there because a friend was interested in buying . You own a share . You never clearly own the lot per se. It's 1/99% It's technically a better way to go in Fl Mobile Home Parks . Otherwise you lit fees in some communities can be as high as 1000 per month. There were only 4 homes available. What I could have bought last year for 50K in Fl in general has now triple that. There is no end in site. However, the community was lovely. Lots of activities. Do the math the owners are taking advantage of a grossly overpriced market. Caveat Emptor!

Diane Matteson | Feb 24, 2022

It depends on the home that you buy. We have shareholder lots because we're resident owned. We also have a few rental lots and we have 99 year leaseholders so it depends on the address.

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