April 27, 2024

Earn Money

Business Life

An island for the common man? 18 acres on Delta near Stockton for sale at $40,000

Talk about social distancing. You can own a private island in the Delta for $40,000.

The 18 acres of raw land sits in the middle of White Slough off West Eight Mile Road in Stockton. It can be accessed only by watercraft.

The Sacramento-San Joaquin River Delta property, which hit the market less than a week ago, has been in the hands of the current owner since 1986. The couple used it for recreation and family events.

Listing agent Monte Morris of Keller Williams Realty envisions a buyer purchasing the land — which is zoned AG-40 and has no utilities or other improvements on it — to boat, camp, hunt or fish to his or her heart’s content.

“I imagined that the owner would likely use the island for recreation or growing something,” Morris said.. “The land surrounding the island is all agricultural with various crops. We currently have offers from fishermen and hunters. We’ve even been talking with someone who wants to keep a foster dog, non-profit shelter on the island. I would say that hunting and fishing would be most ideal.”

Basically, the island is a giant easement. It was once listed at $200,000, Moore said, “with no luck” in selling.

Moore said his client paid $20,000 for the island 34 years ago. With inflation, they calculated the selling price at $47,000, and then rounded down to $40,000 “to sell it quick.”

“The owner is now just ready to see it go to someone who will just use it and have fun with it,” Moore said. “I think this is a great deal for the person who wants an island.”

Source Article