Montauk Shores’ Mr. Alpha Doughan had a contract years ago with Liberty Homes, and sold $5,000 pre-HUD Code mobile homes back in the day on home sites that went for only $10,000.
“It was dad’s legacy,” said Merry Doughan, about the otherwise unassuming factory-built home they are asking $1.1 million for today.
152 owners at Montauk Shores pays $1,100 a year in condo association fees and roughly $1,200 in taxes, with site fees of $1,415 a month. This is a bargain in an area where nearby houses rent for that much a night.
Real estate broker Helen Stubbmann, who listed Doughan’s home says, “If you think about it, it’s still one of the best deals on the East End.”
The old real estate mantra of “location, location, location” clearly applies to manufactured homes, and facts like these defies those who say that you can’t make a profit re-selling one. ##
(Editor’s Note: ManufacturedHomeLivingNews.com plans a follow up on this location in story set for September, you can get an alert on that and other stories free by signing up at MHProNews.com/subscribe.)
(Photo credit: Bryan R. Smith/The New York Times)
