Lake Wenatchee Leased Property Owners Take Note

Owners of cabins at Lake Wenatchee that sit on U.S. Forest Service leased land might want to pay attention to current action that the National Park Service is considering at Lake Roosevelt. The NPS is studying whether or not to terminate leases on 26 vacation cabins on government land at the lake.

As many folks have heard, the USFS is expected to raise the leases on Lake Wenatchee cabins to $15,000 or more based on appraisals and sales of nearby property.

Let's do the math. $150-200,000 cash payment for the cabin, $15,000 a year in leases = no equity? It doesn't really make sense does it?

I really think consideration should be given to Mark Moburg's idea that he floated in the online comments of the Wenatchee World.

My family has had a cabin on leased land on the North Shore since the late 1800's or early 1900's, plus two others on land we own. My great aunt owns the original family place now, and at 107 years old, there's no way she can afford $15 or 20 thousand a year.   

While it might have made sense for the Gov't to lease the land 100 years ago in order to "keep it as natural as possible," as far as Lake Wenatchee goes that train has left the station. It's a ridiculous justification in view of Kahler Glen, Stellerwood, Whispering Pines, and all the McMansions lining the lake. Time to move on.

The time has come for the Forest Service to explore the possibility of selling these properties at market value, with current leaseholders having the right of first refusal. The article states that there are 45 cabins on leased land. Assuming (and I know it's a big assumption) that they're lakefront, and based on current prices for properties on the lake, these cabins would sell for around $750,000. Times 45 is over $33 million that the Forest Service could use, perhaps to buy large tracts of old-growth timber or other environmentally-sensitive land.

 

 

Comments

Since when is Lake Wenatchee waterfront (or any waterfront) not environmentally sensitive land? Pie-in-the-sky market prices shouldn't excuse poor, shortsighted land use policy that rewards only the highest bidder. Let's keep waterfront USFS land as natural as possible so that families in the future might have a chance to actually access water without permission from a private ower. Legal right to have cheap cabin leases was never guaranteed, but right to public access to national land is, and always should be.

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Allyson and Geordie Romer

Leavenworth real estate agents - Allyson and Geordie Romer

For over a decade, Allyson and Geordie have been serving clients in the Leavenworth-area real estate market. Together, they work tirelessly to stay on top of the regional market and present the most relevant opportunities to their clientele.

When not in the office, they can be found exploring the endless recreation opportunities of the area in all of its seasons.

 

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Geordie provided excellent real estate representation! We appreciated his detailed knowledge of the market, his up front and honest approach, and his negotiation skills.
As reviewed on Zillow  – 

- Laura Anderson

 

 

As “west siders” looking for a getaway near Leavenworth, Geordie provided insight … his knowledge of design features important in a “snowy winter wonderland” was appreciated. Thanks Geordie!
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- Jean Stern

 

 

Geordie made this somewhat complicated transition easier for us…going above and beyond to help us work through issues that came up during the sale of our parents home. We appreciated his knowledge, attentiveness to details and his willing spirit.
Our family is grateful for Geordie!
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- Terry Foster

 

 

Geordie was great in every way. We have been looking in the Leavenworth area for some time, and Geordie was absolutely the best for local knowledge, history and depth on neighborhoods, developments and the local market trends. He was very quick to respond (even when he was on his vacation) and worked very diligently to get all of our questions answered in a very timely fashion. We would recommend him highly to anyone looking to buy or sell a home. Very friendly, and helped us navigate all of the local options before we made an offer on the property that we purchased. Thank you, Geordie!

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- Ryan Olsen

 

 

It was such a pleasure to work with Geordie and his wife, Allyson on our cabin purchase. They showed us a variety of locations, listened to what we wanted and helped us find the perfect match. Everything was smooth and not stressful, just relaxed and easy. We would definitely recommend Geordie and use him again if the need arises!

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- Cammie Schlosser

 

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Whatever your motivation, we are here to help. If you are buying a home, the best place to start is with our Homebuyer’s Guide to Leavenworth.