Annandale for sale

[BOGSTER]

My thoughts exactly.

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

You wouldn’t?

[Highstrung]

if I won the lottery, this would be my second phone call... if powerball is big, and if I bought a ticket.. my first phone call would be to Hart, getting him started on a mossy oak design thong so I could roam that place with lead

[ADP]

My biggest fear is that if it sells for asking price that it will trigger other places in that area to go on the market and that’s a scary situation.


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Why is it scary?

If I don't own any adjoining tracts or have a stake in private property other than it being historical, how does it affect anyone else?

Conservation easements will ruin a property, then tack on high upkeep and little to no return on investment that I can see. If you lease it out to ten individuals at $100k a year that still doesn't cover operating costs.

If anyone blows $24 million on this place they have more money than sense. Again just my opinion.

[JABIII]

If anyone blows $24 million on this place they have more money than sense.

If I remember, and you could search it here, I think the Reeves estate listed Annandale for $16,000,000. Everyone said "have more money than sense" then, too...

[ADP]

If I remember, and you could search it here, I think the Reeves estate listed it for $16,000,000. Everyone said "have more money than sense" then, too...

Never heard of it.

[Quackhead22]

If I remember, and you could search it here, I think the Reeves estate listed Annandale for $16,000,000. Everyone said "have more money than sense" then, too...

Yep!! And look what it is now! As you know my experience with land management is relatively extensive. And I am very familiar with most if not all of those plantations around Annandale to include Annandale. My fear is that those places are only one purchase away from development. Given that areas proximity to Charleston it is extremely plausible that some money hungry development group could come in and scoop up any and all of the available property. Conservation Easements only work when the person fighting them doesn’t have the funding to fight them. They can and have been over turned. And JAB I am answering the prior post in this one. BTW


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[swampknob]

What conservation easement has been overturned?

[Quackhead22]

What conservation easement has been overturned?

I seem to remember reading something about easements being Extinguished in Florida in the name of development and I know there’s some shady things that have happened in Horry County and Charleston in the name of development. I’m certain that cases such as that are a heck of a long way away for that area but that doesn’t change the fact that there is plenty of land in that area that is not under an easement.


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[carolinadrifter]

I’m with Highstrung. If I hit the powerball big, I’d buy this for my own personal playground. Buy a ranch out west to spend the summers and chase redfish, trout, tarpon, bass, doves and ducks from mid September through mid May at Annandale.

[DRDUCK]

if I won the lottery, this would be my second phone call... if powerball is big, and if I bought a ticket.. my first phone call would be to Hart, getting him started on a mossy oak design thong so I could roam that place with lead

No Pics but I LOL!

[Catdaddy]

Is the State the new group looking to buy?

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[ceddy]

Quackhead22 is right on this one. There is a lot of danger in that price and an easement is only as good as the paper it is written on for the right people. It is happening all over. Just look at the “USC property” just north of Prince George. Guaranteed it gets developed.

[Southernduck]

DU has deep pockets to fight but I would worry about a smaller land trust going to war with a deep pocket developer. I like to think annandales neighbors are committed to conservation but I have been wrong plenty in my life.

[bitesize]

Not to get into the math but if this property were not encumbered a developer could justify the $28k/acre price to turn it into suburbia. Not sure that Georgetown could absorb 3400+/- homes in that area but it certainly would make the desk of most of the National builders. They are not making anymore land and there is no shortage of people that want to live at the beach!

[scdiver]

I think 1200 are going on SI Road soon.

[bitesize]

I think 1200 are going on SI Road soon.

Yes DRH

[Chasbeau1]

There are some very influential people surrounding this property. If that easement was written on anything other than toilet paper, they will probably make sure it is upheld... But money is money, people are people and lawyers are ....

[Palmetto Bug]

I'm not sure anyone but the the easement holder would have standing to fight against breach of title rights. The neighbors certainly benefit from the easement but can't do much to enforce it.

[centurian]

Just curious what kind of easement the neighbor might have.

[Hogg]

Just curious what kind of easement the neighbor might have.

This thread is going off the rails with a lot of speculation regarding conservation easements. If there are conservation easements that have been overturned in Florida it would be my educated guess that the organization taking the easements was a sham. Conservation organizations risk judicial dissolution if they do not enforce their easements.