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Own property in Fly-in community

Question:

No, not a typo … total of $12 a month – covers insurance and maintenance of the 3000′ grass strip. A bargain if you ask me… Ron

– Hide quoted text — Show quoted text – The park itself has been establish for about 30 years now. Maintenance, taxes and CCR’s are all negligible – a total of $12 a month…. Is that a typo?  Twelve bucks CAN’T be true! — Jay Honeck Iowa City, IA Warrior N33431

Response:

nice airpark near chicago: www.lakeaero.com – Hide quoted text — Show quoted text – It also depends greatly upon supply and demand. Here in Austin with the closure of Mueller and Executive, runways and hangars are at a premium. A nice centrally located airpark – Breakaway 40XS – is in high demand. Any time a home has been on the market, it is gone very quickly – and that does not happen very often. I know, I’ve been waiting a while to get in there and I finally got my chance with one that went for sale at the start of Sept until I saw it … The park itself has been establish for about 30 years now. Maintenance, taxes and CCR’s are all negligible – a total of $12 a month…. Ron Naw, very few airport communities, air/parks make good financial sense. Consider: 1.  Re-sale market 2.  Runway maintenance 3.  CCR’s 4.  Taxes, etc. In reality, many airpark communities are started on throw-a-way property or at whim of a pilot/developer dream.  Few have proper financial backing to complete all goals.  Most linger in shadow of original promises with ever increasing burden upon owners. Obviously, there are a few very successful airparks but not many. I’d think if a pilot really likes the spot & intends to die there, it just might be his dreamworld. OTOH, if he intends to try it-out for awhile…….he may have a re-sale problem. As wise investors have found:  "Don’t buy limited markets". Man, don’t you know it. Even the one outside San Antonio (Read: 116 degrees for 80 straight days, or something like that!) sounds pretty damned good, now that it was down to 24 frigging degrees here last night! — Jay Honeck Iowa City, IA Warrior N33431 Does anyone here besides me dream of retiring at one of these? I’d have a problem with "Cessna Dr.," though . . .  ;p) — Jim Fisher North Alabama Cherokee 180

Response:

Mr. J…..Thanks for your perspective on airparks.  There are several reasons why the airport community that is forming near San Antonio is successful now and will remain successful.     1. the ultimate airfield for taildraggers .  The runways 400′ x 3,000′ with a center strip of 70′ for landing. (we’re not in this for making a killing in real estate – we purchased 161 acres of prime land in the rural SAT area for the benefit of pilots/aviation enthusiasts like ourselves) Resale of the house?…we suggest, don’t built anything unconventional.  Put the money into the plane (grin).     2. Homeowners don’t own any part of the airfield or have any liabilities resulting from the use of others.  The homesites are just that…land that sits adjacent to the airfield.  (like a golf course environment, golfers who live on the course don’t own the country club or the greens). You see we have thought out the "airfield" vs "airpark" philosophy very carefully.  We have an  airfield for early aviation type aircraft.  We simply have more land than is needed for airfield use, so what do you do?  Offer it to anyone who thinks having their aircraft based in their own hangar in their own back yard is a good idea.     4.  Taxes?  Yeah, we got ‘em.  ’Bout the same as living on a golf course- as I mentioned.  Thanks for your views.  Anytime you are in the SAT area drop by and let’s chat in person.  Ginger – Hide quoted text — Show quoted text – Naw, very few airport communities, air/parks make good financial sense. Consider: 1.  Re-sale market 2.  Runway maintenance 3.  CCR’s 4.  Taxes, etc. Even the one outside San Antonio Jay Honeck Iowa City, IA Warrior N33431 Does anyone here besides me dream of retiring at one of these? — Jim Fisher North Alabama Cherokee 180

Response:

It also depends greatly upon supply and demand. Here in Austin with the closure of Mueller and Executive, runways and hangars are at a premium. A nice centrally located airpark – Breakaway 40XS – is in high demand. Any time a home has been on the market, it is gone very quickly – and that does not happen very often. I know, I’ve been waiting a while to get in there and I finally got my chance with one that went for sale at the start of Sept until I saw it … The park itself has been establish for about 30 years now. Maintenance, taxes and CCR’s are all negligible – a total of $12 a month…. Ron

– Hide quoted text — Show quoted text – Naw, very few airport communities, air/parks make good financial sense. Consider: 1.  Re-sale market 2.  Runway maintenance 3.  CCR’s 4.  Taxes, etc. In reality, many airpark communities are started on throw-a-way property or at whim of a pilot/developer dream.  Few have proper financial backing to complete all goals.  Most linger in shadow of original promises with ever increasing burden upon owners. Obviously, there are a few very successful airparks but not many. I’d think if a pilot really likes the spot & intends to die there, it just might be his dreamworld. OTOH, if he intends to try it-out for awhile…….he may have a re-sale problem. As wise investors have found:  "Don’t buy limited markets". Man, don’t you know it. Even the one outside San Antonio (Read: 116 degrees for 80 straight days, or something like that!) sounds pretty damned good, now that it was down to 24 frigging degrees here last night! — Jay Honeck Iowa City, IA Warrior N33431 Does anyone here besides me dream of retiring at one of these? I’d have a problem with "Cessna Dr.," though . . .  ;p) — Jim Fisher North Alabama Cherokee 180

Response:

The park itself has been establish for about 30 years now. Maintenance, taxes and CCR’s are all negligible – a total of $12 a month….

Is that a typo?  Twelve bucks CAN’T be true! — Jay Honeck Iowa City, IA Warrior N33431

Response:

Have property on one, well established, great neighborhood, great people.  I will retire there.  The people really make the airpark along with a good set of covenants that maintain the standards of the airpark.  My annual fees to the community are $300 a year.  That pays for the maintenance, insurance, and  all upgrades.  We are having a fly-in on the 4th of November.  Will send you an e-flyer if you want to fly down.

– Hide quoted text — Show quoted text – The park itself has been establish for about 30 years now. Maintenance, taxes and CCR’s are all negligible – a total of $12 a month…. Is that a typo?  Twelve bucks CAN’T be true! — Jay Honeck Iowa City, IA Warrior N33431

Response:

Where are you located again? — Jay – Hide quoted text — Show quoted text – Have property on one, well established, great neighborhood, great people. I will retire there.  The people really make the airpark along with a good set of covenants that maintain the standards of the airpark.  My annual fees to the community are $300 a year.  That pays for the maintenance, insurance, and  all upgrades.  We are having a fly-in on the 4th of November.  Will send you an e-flyer if you want to fly down. The park itself has been establish for about 30 years now. Maintenance, taxes and CCR’s are all negligible – a total of $12 a month…. Is that a typo?  Twelve bucks CAN’T be true! — Jay Honeck Iowa City, IA Warrior N33431

Response:

Seguin, Tx just East of San Antonio.

– Hide quoted text — Show quoted text – Where are you located again? — Jay Have property on one, well established, great neighborhood, great people. I will retire there.  The people really make the airpark along with a good set of covenants that maintain the standards of the airpark.  My annual fees to the community are $300 a year.  That pays for the maintenance, insurance, and  all upgrades.  We are having a fly-in on the 4th of November.  Will send you an e-flyer if you want to fly down. The park itself has been establish for about 30 years now. Maintenance, taxes and CCR’s are all negligible – a total of $12 a month…. Is that a typo?  Twelve bucks CAN’T be true! — Jay Honeck Iowa City, IA Warrior N33431

Response:

Naw, very few airport communities, air/parks make good financial sense. Consider: 1.  Re-sale market 2.  Runway maintenance 3.  CCR’s 4.  Taxes, etc. In reality, many airpark communities are started on throw-a-way property or at whim of a pilot/developer dream.  Few have proper financial backing to complete all goals.  Most linger in shadow of original promises with ever increasing burden upon owners. Obviously, there are a few very successful airparks but not many. I’d think if a pilot really likes the spot & intends to die there, it just might be his dreamworld. OTOH, if he intends to try it-out for awhile…….he may have a re-sale problem. As wise investors have found:  "Don’t buy limited markets". – Hide quoted text — Show quoted text – Man, don’t you know it. Even the one outside San Antonio (Read: 116 degrees for 80 straight days, or something like that!) sounds pretty damned good, now that it was down to 24 frigging degrees here last night! — Jay Honeck Iowa City, IA Warrior N33431 Does anyone here besides me dream of retiring at one of these? I’d have a problem with "Cessna Dr.," though . . .  ;p) — Jim Fisher North Alabama Cherokee 180

Response:

- Hide quoted text — Show quoted text – Naw, very few airport communities, air/parks make good financial sense. Consider: 1.  Re-sale market 2.  Runway maintenance 3.  CCR’s 4.  Taxes, etc. In reality, many airpark communities are started on throw-a-way property or at whim of a pilot/developer dream.  Few have proper financial backing to complete all goals.  Most linger in shadow of original promises with ever increasing burden upon owners. Obviously, there are a few very successful airparks but not many. I’d think if a pilot really likes the spot & intends to die there, it just might be his dreamworld. OTOH, if he intends to try it-out for awhile…….he may have a re-sale problem. As wise investors have found:  "Don’t buy limited markets".

I think it really depends on why you own a house.  If you own as an investment your ideas are correct.  If you need quick turn around time on resale, you are correct.  If you want to own a home where you can enjoy yourself and the investment on your capital is not your main concern then you are incorrect. Around here the values of the airport lots have remained fairly stable (increasing about par with other real estate, except for one that was WAY overpriced to start with and never sold the original lots, but that one filled up quick when the lots were brought down to market value).  There are a number of very sucessful airparks around here.  Yes, it is a limited market and the house that might sell in 2 months in a standard neighborhood might take 12 or more in a limited market, but we are talking retirement dreams, the kids will be stuck selling it :-) .  If you can buy into an established airpark it will probably be much better than a start up. Margy

Response:

- Hide quoted text — Show quoted text – Does anyone here besides me dream of retiring at one of these? I’d have a problem with "Cessna Dr.," though . . .  ;p) — Jim Fisher North Alabama Cherokee 180 http://www.stephenames.com/flying/pipers/pipers5.html Erie, Colorado   minutes from Boulder/Denver Erie Air Park Custom Built victorian 2 story on 2 acres …

That’s okay.  The same airpark (just down the road from my house) has a Piper Dr., Mooney, Pl, Commander Dr., Bellanca Ct., Viking Ct., and Baron Ct., and your favorite, Cherokee Ct. I’ve been looking at moving to that airpark for the last 15 years.  The lot I turned down in 1986 when it was $25K is now over $200K and I’m really kicking myself! Don

Response:

Jim,   Keep us in mind when you are thinking about retirement.   We have a new airfield on 161 acres , just outside San Antonio, TX grass strips (main & crosswind).  We’re on the charts and in the database as of Oct 5. Identifier  is TE86.  To view more, use this link. http://www.txdirect.net/users/mtcjets    BTW, we think $500K is a bit pricey, don’t you?  Our place allows the average pilot/aviation enthusiast to have a house, hangar AND an aircraft.    Glad to talk to anyone in regards to the newest, best place to be.  Ginger Cook (managing the office M-F, so I can get my plane ride on Sat or Sun). – Hide quoted text — Show quoted text – Does anyone here besides me dream — Jim Fisher North Alabama Cherokee 180 http://www.stephenames.com/flying/pipers/pipers5.html <

Response:

Man, don’t you know it. Even the one outside San Antonio (Read: 116 degrees for 80 straight days, or something like that!) sounds pretty damned good, now that it was down to 24 frigging degrees here last night! — Jay Honeck Iowa City, IA Warrior N33431 – Hide quoted text — Show quoted text – Does anyone here besides me dream of retiring at one of these? I’d have a problem with "Cessna Dr.," though . . .  ;p) — Jim Fisher North Alabama Cherokee 180

Response:

Does anyone here besides me dream of retiring at one of these? I’d have a problem with "Cessna Dr.," though

One of my friends lives on Cessna Drive at a private airport community north of Tampa called Hidden Lake . . . I have flown in many times and it is just wonderful.  I often dream of living at one myself–the 45 minute drive to and from my airplane sucks, but I can’t give up my old farmhouse and business in New York just yet.  

Response:

There are probably several people on these ngs who live at airparks.  I know one who does.  Sounds neat.

– Hide quoted text — Show quoted text – Does anyone here besides me dream of retiring at one of these? I’d have a problem with "Cessna Dr.," though . . .  ;p) — Jim Fisher North Alabama Cherokee 180 http://www.stephenames.com/flying/pipers/pipers5.html Erie, Colorado   minutes from Boulder/Denver Erie Air Park Custom Built victorian 2 story on 2 acres over 4000 sf 4 br many custom design features spectacular mountain views to view listing:  http://www.rotroia.com/listings.htm address: 2385 Cessna Dr

Response:

Erie, Colorado   minutes from Boulder/Denver Erie Air Park Custom Built victorian 2 story on 2 acres over 4000 sf 4 br many custom design features spectacular mountain views to view listing:  http://www.rotroia.com/listings.htm address: 2385 Cessna Dr

Response:

Does anyone here besides me dream of retiring at one of these? I’d have a problem with "Cessna Dr.," though . . .  ;p) — Jim Fisher North Alabama Cherokee 180 http://www.stephenames.com/flying/pipers/pipers5.html

– Hide quoted text — Show quoted text – Erie, Colorado   minutes from Boulder/Denver Erie Air Park Custom Built victorian 2 story on 2 acres over 4000 sf 4 br many custom design features spectacular mountain views to view listing:  http://www.rotroia.com/listings.htm address: 2385 Cessna Dr

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