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CaptT820 · 02-19-2020, 10:19 AM

Island property used to be a good investment, probably not so much any more. Land can still be had for "reasonable" money on an island for high 90s or low 100s without a structure. We just bought raw land adjacent to our camp last year and we paid $120K for roughly 1/2 an acre. The asking price was $147K, which we obviously thought was too high.
A small camp with land is under agreement right now on the island for $325K, so camps and land can be had for "reasonable" money depending on when and where you are looking.

We have all the records for our island for when it was divested from a single corporate owner in the late 1960s. Raw land varied between $3000 and $6500 a parcel back then for roughly 1/2 an acre.

02-19-2020, 10:19 AM	#55
CaptT820 Senior Member Join Date: Mar 2012 Posts: 122 Thanks: 86 Thanked 46 Times in 27 Posts	Past Investment Island property used to be a good investment, probably not so much any more. Land can still be had for "reasonable" money on an island for high 90s or low 100s without a structure. We just bought raw land adjacent to our camp last year and we paid $120K for roughly 1/2 an acre. The asking price was $147K, which we obviously thought was too high. A small camp with land is under agreement right now on the island for $325K, so camps and land can be had for "reasonable" money depending on when and where you are looking. We have all the records for our island for when it was divested from a single corporate owner in the late 1960s. Raw land varied between $3000 and $6500 a parcel back then for roughly 1/2 an acre.