Buying a riverfront home is very different from buying a house located on a tree-lined neighborhood street. When you purchase this type of property, there’s a certain lifestyle that comes with it.
Living in a riverfront home offers a quiet place to connect with nature. If this is the kind of environment you are looking for, read on to learn all the things you need to know before you make a purchase and get some helpful tips for riverfront home purchase Bullhead City.
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Location Overview
Bullhead City, Arizona, is located near the juncture of Arizona, California, and Nevada, providing a diverse range of activities for residents and visitors alike, including water sports, hiking, and casino fun.
The city offers year-round sunshine and blue skies, breathtaking views of the Black Mountain Range, and access to the Colorado River and the Lake Mead National Recreation Area for ample opportunities to enjoy the outdoors.
There’s a wide array of water activities to look forward to, such as boating, canoeing, fishing, riding personal watercraft, kayaking, paddle boarding, swimming, tubing, waterskiing, and wakeboarding.
For golf enthusiasts, there are golf courses that offer stunning desert, lake, and mountain views. The Grapevine Canyon is home to ancient petroglyphs that are believed to have been created somewhere between 1900 and 1100 B.C. by an unknown culture.
For some adrenaline rush, go off-road across the desert with endless miles to explore in the surrounding Black Mountains. You might also want to head over to the Laughlin casinos to try your luck and enjoy the fine dining and live entertainment.
All this makes Bullhead City such an attractive location for homebuyers and investors.
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Real Estate Market Trends
Bullhead City, Arizona, consists of 33 neighborhoods. The prices of Bullhead City homes for sale on the river range from $12K to $7.4M.
In November 2023, the median listing home price in the area was $375,000, with a median listing home price per square foot of $233. The sale-to-list price ratio of homes in this location is 96.3%. This means that properties were sold for 3.7% below the asking price, on average.
Overall, Bullhead City, AZ, was a balanced market as of November 2023. This means that the supply and demand of homes for sale in Bullhead City, AZ, on the river were about the same.
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Advantages of Riverfront Living
There are several advantages to buying riverfront properties. Bullhead City homebuyers would soon realize that buying a house in this location would eventually offer a high appreciation once they decide to sell their property in the future.
Another advantage is investment potential. Within the Airbnb and self-rental environment, riverfront homes have higher rental potential compared to those without a water view. The rent is also significantly higher, making it easier for investors to achieve a return on their investment.
And lastly, riverfront homes provide permanent views. This is one of the reasons these homes come at a premium because their views are about as permanent as it can get.
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Challenges of Riverfront Living
There are a few challenges that might come with your purchase of a riverfront home.
For one, depending on your area, there may be a coastal commission or other organization that may limit what you can and cannot do to the property, such as increasing the size of the home or renovating it.
Another disadvantage may be the lack of privacy. Some riverfront homes are in areas that attract a lot of visitors, so expect increased traffic or having strangers being around your property a lot more than in a regular neighborhood.
Climate change may also pose a challenge, with rising water levels posing a threat to riverfront communities. Natural shifts of bodies of water caused by tidal action, rain levels, snowfall, and other factors can change the landscape of the property and increase the risk of flooding.
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Buying Considerations
If you are considering buying a riverfront home, there are some essential things to consider before making your purchase.
First, you need to determine who has access to your property along the water’s edge and who else might utilize roads, docks, and other facilities.
Study a property survey, research local maps, and consult an attorney specializing in riparian rights to obtain a complete picture of what you’re purchasing.
When buying a house on a river, it’s essential to do your research and ask about flood history in the area because these properties are susceptible to flood damage.
It is also critical to hire an inspector who can test the water quality before buying the property to make sure that you have access to a clean, safe, and healthy riverside property.
Conclusion
Buying a riverfront home in Bullhead City, AZ, is probably one of the best decisions you’ll ever make.
However, since this type of home entails certain considerations, and so it’s important that you hire an experienced real estate agent who is familiar with the area to help ensure that you get the best deal out of your real estate transaction.
I’d be more than happy to help you choose among the best riverfront homes in Bullhead City! Give me a call at 714-514-1176 or send me an email at Lee@RiverRatsRealty.com so we can set an appointment.
Frequently Asked Questions
What is the average cost of riverfront homes in Bullhead City?
The average value of riverfront homes in Bullhead City is $199,350.
How do I choose the right riverfront location for my home?
It is important to work with an experienced realtor who is familiar not only with the area but also is knowledgeable of the requirements for buying riverfront properties so you can ensure that you’re buying a home that will provide you with a positive experience for years to come.
Is flood insurance necessary when living near the river?
A home located near the water doesn’t automatically make it a major flood risk, but it’s a good idea to have insurance in place.
