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Originally Posted by Pokey13
 Question: is Lady Lake Water Oak Country Club part of the Villages? Are these mobile homes? If you buy these are you buying the home and land or is there a land fee ? TIA |
The way I understand it these homes are Mobile Homes and even though it is a beautiful Community if by chance they sell the land to a Big Developer In The Area??? Pack 'em up, Strap 'em Up, Move 'em out. If you don't own the land and they sell the entire parcel it is your responsibility to move your unit to a new place. The fee or lot rental was between $600 & $800 about a year ago. The good thing is you get a beautiful place to live at less than we pay and pay at least $7000 a year in rent.
On the other hand in The Villages, your manufactured homes are Real Estate. They are initially more expensive but you own the land and that works for a whole lot of people. The financial advantages are pay up front and never worry about anyone selling the land out from under you. You may also enjoy the same financial rewards on your income taxes that a stick built home does. Our homes are Manufactured Homes because of the lot ownership.
Water Oak is not part of The Villages. If you need a hand with any decision send me a Private Message. I would be happy to try and help you out. It is very inexpensive tax-wise to live in The Villages on a monthly basis. Good Luck either way.