Move on to a 60′ Stern Paddle Wheeler?

Kat and I went out “house” shopping. We looked at three house boats, and one traditional houseboat (i.e. the Sleepless in Seattle… only this one was 400 square feet and more of Sleepless in Seattle because I’m sinking).

We’re thinking seriously though of trying to buy the 60′ boat. It’s huge, nicer than our house, has multiple enormous decks, three stories, a full size kitchen, 2 bedrooms, 2 baths, a spiral staircase and (at least around here) $5M dollar views of all of Lake Union, the Seattle sky line, “the cut”, etc. It’s pretty nice.

Like idiots we didn’t bring our camera… so here are the absolutely terrible realestate agent pictures:


The wheel house – it’s got twin rear paddle wheels and is completely silly

The huge living room with views of all of Lake Union

Part of the kitch looking into the living room

Views

Views

Views

This would be a terrible investment but an excellent lifestyle move. The boat is $325K and, because of it’s location and length, the slip fees alone would be around $800/mo. Other fees (insurance, pump out service, etc) push the monthly fixed expenses to $1,100. Which, for million dollar views and “roll out of bed kayaking” and awsome party potential isn’t that bad. That said, this thing wouldn’t be going up $50K/year like our house.

Hem… haw… what would you do?

4 Comments

mattMarch 12th, 2006 at 11:07 am

Wow – that’s exceedly cool. I’ve heard it said in real estate investment that you should *invest* in real estate for the sake of investment, and *live* where you want to live without regards to its investment value – as long as you can afford to.

So I’d say that if you can afford to live on this boat and still have enough positive cash flow to put towards other investments (so you’re not broke at 65) – go for it. If you run the numbers and can’t realistically afford it, then let it go.

Matt

sarah + curtMarch 12th, 2006 at 4:17 pm

Whatever floats your boat (hee hee)!

That would be freakin sweet!!! How big is the guest bedroom? (hint hint).

Who cares about investment potential, just work until you’re dead.

:)

MomMarch 28th, 2006 at 4:36 pm

Probably a bad idea because if you buy it I will move in with you permanently! Sounds wonderful!