This parcel is an income producing property with a small home utilized for short-term rentals.  According to the Pasco County Property Appraiser the Taxable Value is currently $129,938. The most recent appraisal of the property is $190,000 in value.

At the City Council workshop on January 12, 2021, several Council members indicated that the property was not suitable for a boat ramp but could work as a kayak launch and pocket park. A kayak launch would require that the remainder of the property would be needed to create the necessary parking. The current Master Planning process does not contemplate a public use for this parcel and places the emphasis of our investment on the north side of the current boat ramp.

At the CRA meeting on March 2, 2021 the property owner presented the following options:

Option #1: Selling price $275,000-Deposit 25% ($68,750) down held in escrow, close between September 15th 2021 and September 30th 2021. Seller retains the option to move both structures at their cost to another nearby location by December 31,2021, or seller relinquishes all rights to said structures. City to supply a list of city owned lots, offer one from that list at no charge which the seller will select and to assist in all necessary permitting related to moving these structures.

Option #2 City to assume property for $275,00 closing by March 31, 2021, subject to terms and conditions of the lease in place with the current tenant. City to act as landlord upon closing. Seller retains the option to move both structures at their cost to another nearby location between September 15th and December 31,2021, or seller relinquishes all rights to said structures. City to supply a list of city owned lots, offer one from that list at no charge which the seller will select, and to assist in all necessary permitting related to moving these structures.

The owner has since listed the property with a local realtor for the price of $339,500.