Annandale for sale

[Remy]

Your not going to triple your investment in Kansas.

You ain’t tripling the investment at Annandale either when you factor in the cost of ownership. Be lucky to break even

[Highstrung]

but you'd still be in fucking Kansas

[Islandguy85]

You ain’t tripling the investment at Annandale either when you factor in the cost of ownership. Be lucky to break even

That was my thought as well. I bet you could spend upwards of a mil a year to manage?
Pretty place though, I aint hating on it.


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[centurian]

At the level of management they seem to be doing I doubt a million per year would get it done.

[darealdeal]

I called my realtor. Told him to get in touch, I’m very interested but I need a week to hunt it to see full potential before I drop 24 mil. Surely that’s reasonable considering that investment.

I hope you know a banker that will throw you a bone and give you a pre-approval letter haha

[centurian]

but you'd still be in fucking Kansas

With all the Yankees moving there from the NEast Annandale may seem like it is not in the low country anymore either.

[bbhntr48]

No but your will shoot more big ducks.

And the chance to shoot big deer

[bbhntr48]

You ain’t tripling the investment at Annandale either when you factor in the cost of ownership. Be lucky to break even

I haven't looked up transaction records but I am willing to bet the owner didnt pay close to $24M in 2005

[Quackhead22]

At the level of management they seem to be doing I doubt a million per year would get it done.

It wouldn’t.


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[swampknob]

Prolly a decent chunk of change with the DU easement as well.

[TeamCutEmAll_SC]

Word on the street is there is already a buyer!

[union]

Word on the street is there is already a buyer!

If true, I have a pretty good guess.

[union]

I haven't looked up transaction records but I am willing to bet the owner didnt pay close to $24M in 2005

That's the problem with so many "investments" these days. With the conservation easement already in place, there is no economic value per say for future appreciation, which in theory should drive the appreciation down. Instead someone paid a probably reasonable price 15 years ago, stripped the tax savings with the easement and now is getting 5x on their money.
Add in less ducks, more coastal flooding and higher taxes and the next person simply has to have FU money to stare at it. Oh well.

[Tater]

It’s bad but not Santee Coastal Reserve bad


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I have experienced SCR skeeters….you are correct, it can NOT be worse than that lol

[Glenn]

but you'd still be in fucking Kansas

Is that close to Topeka?

[Catdaddy]

Kansas equals more ducks and big ass bucks.

Spend 2 million and fly back and forth whenever you want and save 22 million.

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[swampknob]

Kansas equals more ducks and big ass bucks.

Spend 2 million and fly back and forth whenever you want and save 22 million.

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Most the people that own places like this do both...

[Buckin Bronco]

Most the people that own places like this do both...

My thoughts exactly.

Some of y’all would bitch about the taxes you have to pay if you win the lottery.

[Glenn]

That’s a given. Taxation is theft.

[centurian]

Kansas equals more ducks and big ass bucks.

Spend 2 million and fly back and forth whenever you want and save 22 million.

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yep