Water Front vs Water View

[Aprazr]

My property had very near the exact drawing....about 60' of waterfront.....going in either direction, I was on others property.

Just say you are a REALTOR/APPRAISER and call it like it is! It is NOT a waterfront from the drawing you posted...it IS a water VIEW.

Blessings to all !
Gregg White

 

[David Sawyer]

Look at the above photo. The large lot out lined in yellow is 125 ft x 125 ft and is considered "dry" At the height of the market in 2005 its value was maybe $120,000. It has no water access!

The sites on both sides are considered waterfront, with direct gulf access (no bridge clearance required) and in 2005 were selling in the $450,000+ range.

I will no go into detail how certain local REAL___s described the residences' sites!

 

[biker4ever]

Why the need to report anyone. If you are Appraising the property, appraise it then. Look at the plat map and if it is not waterfront, then it is not waterfront.....

 

[Financially Feasible]

Rick,
If there are no improvements or fee simple ownerships between the
subject site and the water, I agree with the realtors, its waterfront. Realtors
are allowed a little salesmanship and most buyers wouldn't have a big issue
with the property being called 'waterfront.'

While I can't attest to the ownership interest of any of the properties on that map, what I can tell you is that there are TWO properties which have water frontage which are between the subject and the water. I don't care if you're Fee Simple, Leased Fee or Leasehold, that property is NOT waterfront. While I agree that Realtors are allowed a "little salesmanship"... they are not allowed to lie and neither are appraisers. Calling that property water front is a lie, plain and simple... and is meant NOTHING more than to mislead a potential buyer. Good luck explaining that to your state licensing board. Also, I wonder if the "most buyers" who "wouldn't have a big issue with the property being called 'waterfront'" would mind if the owners of the properties which really did have water frontage planted a line of 75' tall evergreens between themselves and the subject property. Where's your water frontage now?

Sorry if I seem a little bit fired up... but I seriously can't believe that we're even debating this.

 

[Elliott]

Ed & Eric,
First, we are looking at a two dimension representation of the situation. For the fun of
it let's assume the subject is perched on a bluff near the ocean. Look at the little
triangle on the right, straight green on two sides and a meandering blue line that
runs north and south. So if I walk out in the back yard, on my property and
walk over the zone line (the blue line), then I'm probably on some sort of state
owned riparian or high water mark land, if I continue to walk northerly, I will
come to the water. Most 'waterfront' property has similar situations where the
platted lot fronts to a zone line and is contiguous to the 'water.'

 

[cjski]

Hi Rick, can you find another overhead that doesn't have that beige area blocked off in the SE corner? I'd be curious to see what's there...

I think Elliot may have a point about that meandering blue line...That could be a high water line.