There are some conditions unique to floating homes and this community, but we're guessing that the right person for this house won't be scared off by these any more than the last owner.

Land Not Included
Quite literally. The house floats on water, and you don't own the land underneath the water. You pay berth rent and liveaboard fees to the marina, which makes the economics similar to owning a condominium. Subtracting the cost of the land is a key part of why this house is so far below the median price for the area.

Change is Afoot
The Redwood Creek Floating Community Association—consisting mostly of other floating home owners at the marina—is currently in communication with both the city and potential developers of the property.

No Mortgage Lenders
Because of the unique nature of this property—floating homes are uncommon on the Peninsula—no mortgages are available. The out of area lenders who understand floating homes—there are a few in Sausalito—don't lend out of their immediate area, and none of the Peninsula lenders have a "floating home" category in their Big Black Books. On the other hand, if you have cash in the bank or have relatives or friends who can loan you the money, you'll find the low price an advantage. (If you're considering private financing you might find this site interesting.)

There are other unique aspects to living on water, and we're happy to fill you in on those if you're interested.