Belmont Shore Mobile Estates 55+ Senior Community

Posted by Sam Smith on Wednesday, July 28th, 2021 at 3:37pm.

We have seen a lot of home sales this year in the Belmont Shore Mobile Estates community in Long Beach with 18 closed escrows.  One of the reasons why this community is so popular is the really low price points with many homes selling between the $100,000 to $200,000 range.  The chart below shows all of the 2021 home sales in this community up to this date.  It's important to note that these are manufactured homes that is dedicated for those older than 55 years of age.  The location is probably the second highest selling feature as it's located in the upscale Belmont Shore area and just minutes to the water and the beach.  A lot of buyers get really excited when they see the low price points but there are more costs associated with this beyond the purchase price.

Like most manufactured home parks there is typically a space rent or land lease fee as you don't own the land that the home sits on.  This is an extra cost that is paid on a monthly basis. For example, there is a home listed at 6288 Marina View Drive and priced at $279,000.  It features three bedrooms, two bath and was built in 2013 according to our multiple listing service.  The listing indicates that the monthly space rent is $1,550.00 a month with an additional $42.39 gate fee as well as a $21.90 trash fee.  There is also an individually metered gas, electric and water according to the listing agent.  One additional thing to consider when buying here is that in order to purchase a home here you must get park approval.  For additional information on these mobile estate homes please contact our local agents today.

Belmont Shore Mobile Estates Comps

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