Have You Ever Seen Such A Luxury Floating Home?
Floating homes are not for everyone. But if you fancy a life on the water without living in a boat, this is by far the best option. Living in Portland has a distinct advantage over most other cities in the country since you’re able to buy a floating home if that is what you wish.
With that being said, one thing that doesn’t immediately spring to mind with this kind of living environment is luxury. However, there is at least one property on the market which is very upmarket for a home on the water. The only real drawback – it’s price tag, listed at $1.15 million.
As with any expensive home in the city, you are purchasing this home not just for its great layout and design, but also for its location. Situated on the water, a 30 minute drive from the airport and a 20 minute drive from downtown Portland, you can’t really get too much better than this.
For those wondering where you would park you car, there is also a 2 vehicle garage included in the sale price. The house has 7 rooms in total, with 3 of those rooms being bedrooms.
Built by Marc Evan, the home offers panoramic views and a life next to the water which you simply cannot find in a downtown apartment building. Although all this luxury comes at a high cost. A regular house boat will generally cost anywhere from $300k – $700k, with this piece of aquatic real estate coming it at just over $1 million.
Drilling down in to the finances, as the interest rates are rising, mortgaging this house would not be cheap. Even with a 25% downpayment, you would still be paying back over $5500 per month on a 30 year term, which is obviously a very high amount, even for those with well paid and stable jobs.
I learned a very difficult lesson when I purchased my floating home in Multnomah County. Before you make your purchase, be sure that you can continue to lease the slip in the marina where the home is located. I bought my floating home from the owners of the marina where it was located. They were also selling the marina. Not until the sale was final, did the new owners inform me that I would need to move my floating home elsewhere. They wanted the slip to be available to any prospective new tenants that might come along in the future, bringing with them a costly buy-in fee. I ended up having to leave my floating home at the marina, when I couldn’t afford to move my home to a new location. It costs thousands of dollars to move a floating home, even a short distance and I cannot stress to you how incredibly difficult it is to find any authorized location to move a floating home to.
I still live on the water, and I love my lifestyle of living on the water. I cannot imagine ever going back to living on land again. The water is powerful. It is healing. It is incredibly hard work every single day. It is as rewarding as all of these things combined. It may have felt like a terrible thing that was happening at the time, yet I find myself thankful now. Seven years later, I am still choosing to live on the water, in my boat.
Respectfully wishing the best,
Lady Captain M