Vote for a Condo
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Going strictly from the photos, I’d choose #1.
Glad you’re moving away from buying a mobile home. I think owning a condo is a much better choice.
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I'm glad you think that.
Someone who lives here told me he believes the owner is trying to buy everyone out (or will soon?) before selling the park to a corporation on Wall Street.
This is happening to land lease mobile home parks here and all over the country.
This transfer of ownership to Wall Street has already happened to two of the parks out of approximately ten on my street.
Rents go up dramatically, services that were paid for with lot rent are sectioned off and billed separately, and the amount of money spent on park maintenance is cut.
Many residents will not be able to afford to stay. Those who can not afford to stay often can't find affordable housing and end up with nowhere to live.
The owner is in his '80's. His children have no interest in the business. It will be sold soon. I don't want to be here when it happens.
I'm also encouraged by the fact you think it's a better choice because buying a condo is not a simple or easy process.
I still have tons of research on my to do list.
I appreciate your opinion very much. Thank you.
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What do you think, Andy?
These near-luxury renovations are like finding a needle in a haystack. Almost all units in this type of building look like rental apartments the tenants left two weeks ago and almost none of them have washer and dryer hook ups (they usually have a room with coin machines on each floor). No way.
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#2 would be great. The problem with this complex is it's massive. You have to stop at a gatehouse with a guard and then drive to your building. So now you're at your building. At this point you're far away from everything and can't walk anywhere. This would weigh heavily against it for me but not disqualify it.
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This is a listing for a unit in the same complex. Rotting pressbord kitchen and bathroom cabinets, stained carpets, outdated bathroom, etc.
800 Cove Cay Dr Unit 1F, Clearwater, FL 33760 [Updated 2/14] https://share.google/o6UNFiHnmexjXuqjc
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#2 would be great. The problem with this complex is it's massive. You have to stop at a gatehouse with a guard and then drive to your building. So now you're at your building. At this point you're far away from everything and can't walk anywhere. This would weigh heavily against it for me but not disqualify it.
I don’t care for the floors in the second unit
I spent 5 years working for a company that owned mobile home parks. 3500 spaces spread out over 11 parks. We took very good care of the parks but a lot if owners don’t. The larger problem was the space rent increased every year, sometimes substantially. A lot of residents owed more on their homes than they were worth and they were stuck.
And then there is the hurricanes in Florida issue.
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Steve, Yeah, the hurricanes are no joke and one of the reasons I'm moving. I only remember my last three rent increases: $75 for 2026, $35 for 2025, and $25 for 2024.
The old man was probably the original developer in 1973.
I met him the other day.
I was walking and he was driving his gold Bentley SUV. I thought he was going to pass me so I stepped back. Instead he got out of his car to talk to the electric company workers. So we walked past each other. He waved at me in a kind of perfunctory way. For my part I smiled and waved at him.
I clocked him as the owner years ago. Who else would routinely drive a gold Bentley SUV in this neighborhood?
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Ax,
I would say in addition I like the floor plan of #1 a lot better. I think it's brilliant.
The views from #2 must be amazing but I think of that as being slightly relevant.
I would rather be in the city than trapped on a remote golf course. I'll have a like-new car, but I'm more than old enough to know cars break down, are in accidents, and people can get injured and can't drive.
I'll admit it though: what I want most is a clean slate: a beautifully renovated and perfectly clean apartment where I can finally relax.
I think it will come down to timing, the right confluence of events, before I'll know my options.
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Link to video
This is what can happen if you don't own the land and it happens every day.
