Thursday, January 27, 2011

Being Huck Finn is EXPENSIVE

Think you’d like to live the life of Huckleberry Finn, Tom Sawyer, or even N-word Jim? Well, now you can – if you’ve got unlimited disposable income.

Here, along with an artist’s conception of the boat, is the story from the Houston Chronicle’s Prime Property blog:

Marquette on the Ohio River

Want to live on a boat? Minnesota-based River Cities is showing model homes for a newly planned floating condo community this week at the Marina Del Sol in Kemah.

The boat, which will be 600 feet long and called Marquette, will be based in Houston. Its route would spend more days in Texas than in any other state, according to the developers, who hope it will eventually dock at the Bayport cruise terminal or someplace that has "a less commercial feel."

It's planned to cruise the inland waterways along the Gulf coast in the winter, and in northern rivers within the US in the summer, getting as far north as Minnesota.

The boat will include 180 condos, restaurants, lounges, swimming pools, and a golf course.

Not surprisingly developers Bill Tout and David Nelson are self-funding the $109 million project.
"Unfortunately bankers only do what has been done before, so we are unable to get banks to participate in financing our vessel," Nelson said.

A project like River Cities has never been done on the inland waterways, said Nelson, who has worked on smaller boats. His largest boat project was $1.3 million, he said.

The condos cost from $310,000 per unit to $1.8 million for a deluxe penthouse. Or $55,000 will get you a two month shared unit. There's also a homeowners maintenance fee, which covers the shared cruising costs, of $1,200 to $2,500 per month.

So far, most sales, about 25 percent of the boat, have been full ownership, Tout said.

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