Economics

Affordable & available housing on water provides valuable options. Live & recreate in a waterfront community. Lower economic costs, attractive lifestyle choices, and faster development produce real value for a community.

Floating Communities unlock new development value where land supply is constrained.

Water areas become viable real estate development zones.

Floating homes often command higher price points due to uniqueness, waterfront location, and community.

Municipalities benefit from Public / Private Partnerships opportunities supplying increased housing by activating dormant waterfront assets, adapting to location safety, and affordability.

Begins with envisioning, designing, budgeting, and building processes. Up-front planning is critical: 

Is the floating unit an experiential hospitality source (short term rental), a vacation getaway or long-term rental (monthly or annual), or a permanent (liveaboard) residence (rent or sale) to be part of a designed community?

Will the location be in an existing pre-zoned protected waterway requiring minimum permits, or if a new location, will zoning, entitlements and environmental studies be needed? 

The National Association of Homebuilders published their 2024 summary that the average single-family land-based home cost $665,000 for a competitive-quality, 2,647 sf: 3-bedrooms, 2 baths, 2 car garage, on a 20,907-sf lot. This amounts to $251/psf, including the cost of land. This total needs to be qualified for, financed, with development time averaging 10.6 months.

* Budgets will vary depending on location and scope of project

Lower costs, faster timeline, and stronger value with floating communities. Partner with experienced experts to bring your project to life.