We Bought a House, Again!

Goodland, FL – November-December, 2017 We were pretty sure we were going to invest in another home in Florida this year. We had several possible scenarios we were considering: another flip house, a rental, or a home of our own. Once we got the boat, a waterfront property was our primary focus, one we could stay in or near and work on this season while enjoying having the boat out the back door. What we decided to do with it at the end of the season (sell it, rent it, or keep it for our use next season) was moot as long as it was a good deal.

We spent some time looking north of Bonita Springs in the Cape Coral area. We found some really good possibilities there but for some reason we just couldn’t get excited enough about any of them to pull the trigger. I don’t think we’ve ever bought a house we weren’t crazy excited about so we procrastinated and didn’t make any decision at all.

Mid-November, when I was almost recovered from what I assume was the flu, Jim asked if we could take a Sunday drive to a house he had seen on Zillow. He had saved it to his favorites list when he first saw it for sale last summer (yes, we were trolling Zillow for homes in Florida while we were sitting in the mountains of Colorado). He was really taken with the property although it was way more than we wanted to spend at $235,000.

In October, post Hurricane Irma, he received a notification from Zillow that the home’s price had decreased almost $75,000. He was curious to find out if it was totally demolished by the hurricane or just what exactly would justify a price drop of 75 grand! So we made the one hour drive south to Goodland, Florida to check it out.

We drove by and couldn’t see any obvious signs of damage. We called the agent and after some back and forth were told she could show it in about an hour. We had come out this way last year to check out real estate and although the property we looked at was disappointing, the area was awesome.

We finally met the agent just after lunch and were really excited by what we saw. The house had flooded during Hurricane Irma, but the damage was fairly minimal. As is typical for us, we toured the property for a whole 20 minutes and then made an offer. We made a strong bid and hadn’t left ourselves a lot of room to negotiate so we were really pleased when our original offer was accepted with no haggling.

So here is our latest investment. Most of these pics are from the listing. I’ll share my after photos with you in a later post. This is what we got for $150,000.

The house is a 1950’s single-wide trailer with a 12 x 16 foot addition which is used as the master bedroom.

Then, sometime in the 90’s, a 12 x 21 foot lanai was added. It was later finished out and is currently a great room large enough for living and dining.

Eventually a roof was installed over all three sections of the home. The total home is small, just like we like it at 700 square foot.

The trailer has been completely redone and even though the tires and axles are still under it, it was totally overbuilt and you cannot feel any movement when walking in it. It consists of a relatively large kitchen:

A bath (yep, that is a porthole):

And the original bedroom. The last couple occupants used it as a closet. A 10 x 8 closet! I don’t think so. We’re calling it a second bedroom and will likely put a double bed in it for guests in the near future.

The lot is also tiny at just under a tenth of an acre or around 4,000 sq. feet. In fact, when one of my relatives first heard that we had bought a place in Florida with 4,000 sq. ft. their first thought was “what the hell are they thinking buying a house that large?!” Later they realized that was the square footage of the entire property, not the house, which made a lot more sense.

There is an outbuilding for tools, extra storage, AND a washer/dryer.

The best part about the property is that, though small, there is plenty of room to park our 5th wheel in the drive.

OK, maybe not the best part. Did I mention there is a canal out our back door?

The yard and dock need the most work.

I am looking forward to sharing the improvements we have planned when they are finished.

You may be wondering “Is this it? Are they settling down?” The short answer is NO. We definitely plan to enjoy this little slice of paradise this season and next. After that we may sell the place or we may rent it out either seasonally or annually. Decisions, decisions,…!

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