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Buying & Selling Airpark Properties

Posted on 25 July 2008 by Ben Sclair

With the nationwide housing market in turmoil, we are trying to determine what effect it is having on the residential airpark market. This survey will provide updated and useful information for both buyers and sellers. It might even be helpful determining the ultimate value of your property for real estate tax purposes.

16 Comments For This Post

  1. Ken McCune Says:
    July 26th, 2008 at 7:00 pm

    I bought a one acre lot in the industrial park adjacent to the St Anthony Idaho municipal airport. I got permission to make an apartment as part of my hangar and live there. 7 lots in that park were made available for aviation use with acess to the runway. I paid $40K for the lotall amenities are available at edge of lot….$8000 connection fees. The sale of my presidence residence fell through so my plans to build this summer are on hold…… Ken McCune

  2. Nannette C Neubauer Says:
    July 26th, 2008 at 11:54 pm

    As an owner in a small but beautiful “airpark” and as a former realtor, I have never felt the general trend in the housing market pertained to this unique type of real eatate.
    I could be wrong! I will soom find out, as I am now putting my place up for sale. My hame, hangar on 5 acres, including a grove on a beautiful turf runway just a short flight to the Florida Keys is a pilot’s dream come true. That pilot, Richard (Dick) Neubauer passed away in 2004, but his dream is still here.

  3. Gary Casey Says:
    July 28th, 2008 at 2:07 pm

    I have had a beautiful lot at Holley Mountain Airpark for sale for over a year, and I initially got a few responses from ads place in internet publications, but in the last 6 months I’ve got no responses at all. I suspect that airpark properties are suffering just like any other, as financing has tightened up considerably.

  4. Dick Lyon Says:
    July 29th, 2008 at 10:29 pm

    I just leased an airpark home and hangar, at Forest Hill Airpark, St.Johns, Michigan, to a family that I sold a lot to in 2007. They are going to live in the home while they build their new home and hangar. Forest Hill Airpark has turf runways and country style living, so we are limited in what we have to offer many pilots. We do have the perfect sport pilot airpark.

  5. Adriana Somberg Says:
    August 12th, 2008 at 11:05 pm

    As a realtor and a resident of an airpark, Tailwinds Airpark in Jupiter Florida. We are feeling the effects however, no one is moving. I just got the first listing in a long while and only because they have to move close to the kids’ school. But they they don’t want to move. We’ve had two lots sell in the last 10 months. There’s 2 multi million dollar houses being built and another will be built soon. The last house that sold in May 2007, my listing, sold for $2.35 M but now it’s a different story.

    My new listing is priced at $1,850,000 initially at $2 million. (just listed it a week ago).

    Good Luck to all of you.

  6. Fred Moran Says:
    August 26th, 2008 at 10:40 pm

    As an owner, I have two great airpark properties for sale without any offers, and they are well below original purchase price. The best one is in Florida at Hidden Lake Airpark, North of Tampa, w/ 4,000′ asphalt runway, fuel, maintenance and 6,500′ home/hangar for only $ 475,000.00 which is just over the land value. Huge hangar, but no bites and may be rented…Any ideas?

  7. Monte Jestes Says:
    September 5th, 2008 at 11:42 am

    We have a country Airpark near Stillwater, Okla a college town. Mulberry Hill Airpark, Lots sales have been slow but A very nice two story log house just sold for a slightly reduced price. It had been on the market for about 9 months.

  8. Nathan Davidson Says:
    November 1st, 2008 at 8:53 pm

    I have 4 lots in Sahuarita, AZ. They are all located on the Flying Diamond Airpark. It is a beautiful area and as the areas surrounding the airpark and the airpark itself continue to develop at a rapid rate, the prices will most likely continue to rise. Depending on the lot’s proximity to the actual runway and the views, the lots I am willing to sell range from 55K to 70K. Call 619.252.6264 and ask for Nate. I am the owner of all 4 parcels. Each parcel is just over 4 acres!

  9. ben knisely Says:
    December 23rd, 2008 at 2:56 pm

    to Fred Moran ref his post about a home for sale at Hidden lake airpark in Tampa area…I am interested …please contact me at the above email address… regards, ben

  10. Bill Strawn Says:
    February 21st, 2009 at 1:22 am

    Fred Moran-send me some info at my email bstrawan@stx.rr.com. My bride and I have been looking at Hidden Lakes but found everything out of our range or needing a lot of repair and updating. Your place may be what we are after. Thanks. Bill

  11. Bill Yovic Says:
    March 14th, 2009 at 9:57 pm

    To Fred Moran, do you have anything for sale in Hidden Lakes?

  12. Marion Burcham Says:
    May 6th, 2009 at 1:13 pm

    I have a hangar house (40 by 40 plus loft living space) and hangar 60 x 40 on 5 acres here in Arizona. I am trying to move to Colorado, but am hold up because I need to sell here. Am priced really well. Direct access to a well maintained 2640′ dirt runway with lights for night landing. Its a so unique place that many feel it is too unique.

  13. Johan Hammarström Says:
    May 27th, 2009 at 3:42 pm

    We have a magnicificant airpark in Sweden where all 45 plots were sold in the time of six months. Now there are a few plots for sale (40 000 USD for a plot that fits hangar and house!) and that is even above the prices they were sold for initially.

    Johan Hammarström
    Chairman of the AirPark

  14. samchen Says:
    June 13th, 2009 at 8:23 pm

    i am looking for a hangar house in florida or sweden or chicago area
    but i am looking for a good buy
    i am from south america and would like to buy a 2nd hangar house
    please give me some ideas
    area should be developed already and be in a safe neighbour hood
    warm regards
    sam

  15. samchen Says:
    June 13th, 2009 at 8:25 pm

    hi marion burcham,
    i saw your posting of may 6th
    can you give me your price
    as i am looking for a 2nd home but it should be reasonable
    warm regards
    sam

  16. Kim Russell Says:
    September 30th, 2009 at 2:06 pm

    We have a great airpark home 2 minutes from the gulf and 30 minutes south of Tallahassee. We are selling our home to get to Atlanta where my husband is based. It is a beautiful house with a hangar and pool on a public grass strip 2JO maintained by the county. 439,000 Interested, email me kjrusell@live.com

1 Trackbacks For This Post

  1. Letters: Values up from initial sales, in Sweden | Living With Your Plane Says:
    May 27th, 2009 at 3:55 pm

    [...] the following comment from Sweden just today. To read the other comment (13 in total) click here. We have a magnificent airpark in Sweden where all 45 plots were sold in the time of six months. [...]

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