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House on a canal! Where to buy?

Old 08-31-2020, 10:21 AM
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Default House on a canal! Where to buy?

Hi all, I'm considering a house on a canal with a dock, likely Florida. Was going to go to Fort Lauderdale but also open to any other suggestions! $500-1.3MM range so I'm pretty open. I know St. Pete has some canals too for much less than Lauderdale. Also north of Lauderdale has some areas too. I need easy airport access and some potential AirBB revenue. Curious if any locals have suggestions...

Cheers!

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08-31-2020, 01:36 PM
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Florida sucks. Detroit has the best canals.
Old 08-31-2020, 10:23 AM
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Welcome to THT!
your answer will depend one where you’re from!
Old 08-31-2020, 10:36 AM
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Do you have a preference for Atlantic or Gulf?
Old 08-31-2020, 10:39 AM
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Originally Posted by brobin View Post
Do you have a preference for Atlantic or Gulf?
Atlantic is my preference unless there is something I'm missing on the Gulf.
Old 08-31-2020, 10:40 AM
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Originally Posted by Classic25 View Post
Welcome to THT!
your answer will depend one where you’re from!
I live in Chicago, just looking for a second home down south to use and rent when not there.
Old 08-31-2020, 11:05 AM
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Don’t buy on the end. That’s where everything tends to accumulate.
Old 08-31-2020, 11:07 AM
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The Atlantic side is more populated by people from the northeast who come down I-95 and the Gulf side more by midwesterners who come down I-75 - but there's plenty of both either way. That being said, the Gulf side seems, to me at least, a lot more low key and, being from Honolulu, SWFL appealed to us. We moved here 7 years ago and love it. My mother is on the Atlantic side so we visit every few weeks and it's just a lot more crowded there. I'm sure you'll get a lot more good opinions here from those living all over FL.
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Old 08-31-2020, 11:11 AM
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Originally Posted by vandlor View Post
Don’t buy on the end. That’s where everything tends to accumulate.
VERY true! There's a brand new spec house at the end of our canal that's priced in line with others that's been on the market for almost two years. I suspect being at the end of the canal has something to do with it.
Old 08-31-2020, 11:18 AM
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Originally Posted by brobin View Post
VERY true! There's a brand new spec house at the end of our canal that's priced in line with others that's been on the market for almost two years. I suspect being at the end of the canal has something to do with it.
Also not sure I want to be at the open end of the canal either because of the boat wake. Not planning on putting a lift in!
Old 08-31-2020, 11:23 AM
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Before you buy check clearance on any bridges and depth of water... there are canals and waterfront with no ocean access..
Old 08-31-2020, 11:27 AM
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Just like the “which boat should I buy?” threads, we need waaaay more details.

What do you like to do? What kind of boating do you like to do? Big city, suburbs or rural? How big of a house? How big of a boat? Want direct ocean access or ok putting along a bit?


There are tons of good areas/options and Im glad you mr budget is vast because the price differences are huge!!!

In Ft Lauderdale 1.3 million won’t buy you much where you could get a mansion on great water for that on the west coast.

The hardest part about waterfront right now (once you figure out where you want to live) is finding a place. Anything decent on decent waterfront around here is selling like crazy! On the market, under contract fast..... unless way overpriced.
Old 08-31-2020, 11:31 AM
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Hudson FL on the Gulf side. Very short run to the open Gulf from any home. Close proximity to Tampa airport. Gulf is much calmer than the Atlantic.
Old 08-31-2020, 11:32 AM
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In St Pete.......Depends on what you are looking for. 2 biggest factors are going to be "what kind of water" and what kind of house/lot/location

Types of water:

Sailboat water - no fixed bridges to the open gulf - if you have a sportfisher or a sailboat you need this
Bridges - Most boats under 30 ft can fit under these bridges, as long as you don't have a tuna tower/2nd station, antennas need to be lowered at high tide
Low bridges - only pontoon boats, flats boats, etc. can make it under these

I will focus on Sailboat water, and water with bridges:

Sailboat water:
You are not going to find a house on sailboat water for $500K.

You can find a house for $800K, but it is going to be outdated and need lots of work. If it has a pool, dock, or lift, they will be decades old, and look like it as well.

$1MM+ you can get a nice updated 1960s ranch with a newer pool, boat lift, dock, etc.

New construction on sailboat water (the elevated Key West house) is going to cost you $2M+

Bridges:
You might be able to find a house for $500K with bridges, but it's going to be a 1960s single story ranch, and rental house that looks like a frat/meth house and is cheaply done inside and out. You can count on the electrical panel and everything else being done half-assed and not to code. No pool, minimal dock falling in the water, questionable boat lift if any, and corner lot near end of canal with very little seawall (which will also need to be redone). Any dock or boat lift will require signatures from neighbors around you.

Moving up into the $800K, you can find a single story 1960s ranch with bridges that will be updated inside and will have a newer pool, dock, lift, seawall, windows, etc. This will be a turnkey house on a nice square shaped lot.

New construction (the elevated Key West house) is going to cost you $1.5M+
Old 08-31-2020, 11:34 AM
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A million bucks doesn’t buy much in the 954 on the water, unless you go waaaaaay up the river.

A lot more house for the money waterfront on the west coast. Like, a LOT more house.

I almost forgot...Will you be voting here?
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Old 08-31-2020, 11:36 AM
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Lol I said earlier 1.3 million “won’t buy much” on a canal in Ft Lauderdale, so I went on Zillow.

For 1.3 you can buy an empty lot on a canal. Or there’s a 1970s style 1700 sq ft house I found that’s a couple doors down from the water for a million!
Old 08-31-2020, 11:38 AM
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Originally Posted by solarfry View Post
Before you buy check clearance on any bridges and depth of water... there are canals and waterfront with no ocean access..
Should add... no fixed bridges! My thinking was to buy in Lauderdale and rent the dock space to a 50-60 fter for extra income. When I'm in town I can drop my 25ft CC in and raft off if the dock is occupied.
Old 08-31-2020, 11:57 AM
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My wife and I spent a week in Naples last year and spent a day on Marco Island. She thought it was sleepy but it seems like 75% of the single family homes are on a canal and you can probably get something nice for $1m. Naples is nice but you’d have to stroke a $5mil check for a nice house with water access. I’m more familiar with Fort Lauderdale which seems much busier and nicer homes on a canal are easily $2m. My cousin moved there last year and seems like the city has major issues with public water/sewer but maybe it’s getting straightened out.
Old 08-31-2020, 12:36 PM
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Originally Posted by Roswell View Post
My wife and I spent a week in Naples last year and spent a day on Marco Island. She thought it was sleepy but it seems like 75% of the single family homes are on a canal and you can probably get something nice for $1m. Naples is nice but you’d have to stroke a $5mil check for a nice house with water access. I’m more familiar with Fort Lauderdale which seems much busier and nicer homes on a canal are easily $2m. My cousin moved there last year and seems like the city has major issues with public water/sewer but maybe it’s getting straightened out.
Naples is nice but way overpriced. All the towns up the coast from Naples are half the price for waterfront or less!
Old 08-31-2020, 12:50 PM
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Check out Punta Gorda
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Old 08-31-2020, 12:52 PM
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Million does does not go far in New Jersey oh I mean Florida, if your looking for something different look into Texas. Canal home and a ranch home/camp with 20+ acres for less than 1m....jet skis, off-road, atvs, and guns welcome.

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