Poobah
TUG Member
There is some activity this morning. There was some lumber dropped off on Friday that looked to be some 4x4s and 2x12s. Maybe putting up some signage on each lot?
The whole area was sold to a developer for $19M. The Inuits were asking $21M so they came down to get the property off their hands. The tax’s on the property are $90K a year. So with 10 lots that means if you bought a lot, the property taxes would be at least $9K a year and that is undeveloped!
The tract is also zoned as an area that allows vacation rentals.
I can’t imagine owning a house in this tract. Since we have been here (3/1) the winds have been pretty hefty and the point is being covered with salt spray. The maintenance bill on any structure is going to be pretty significant.
The whole area was sold to a developer for $19M. The Inuits were asking $21M so they came down to get the property off their hands. The tax’s on the property are $90K a year. So with 10 lots that means if you bought a lot, the property taxes would be at least $9K a year and that is undeveloped!
The tract is also zoned as an area that allows vacation rentals.
I can’t imagine owning a house in this tract. Since we have been here (3/1) the winds have been pretty hefty and the point is being covered with salt spray. The maintenance bill on any structure is going to be pretty significant.