Beach Front Property? Be Aware!
June 15th, 2010 categories: Rants & Riffs, The Market
If you own or are thinking of owning beach front property in Hawaii, you will want to pay special attention to a recent Hawaii Supreme Court ruling. The StarAdvertiser wrote the following.
“The public owns lands formed along the Hawaii’s shoreline decades ago that are now above the beaches, according to a Hawaii Supreme Court ruling this week that left intact a lower court’s decision. But because those lands were once considered private property, the state must pay the owners what could be amounts ranging in the tens of millions of dollars, said their lawyer, Paul Alston.”
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To protect yourself be sure to get a Shoreline Management Area (SMA) Survey. This will let you know where your property ends and public property begins. Ocean front lots can be deceiving as they may be bigger or smaller than the size shown in the tmk map. If you are planning on selling a coastal property, then it is a good idea to get the SMA Survey in advance, this way you will know what potential issues may be affecting the property line fronting on the ocean.
If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
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Absolutely amazing! So as our oceans rise, people loose more property and more money goes out the door. If a democrat gets in we will all be paying for it for sure!