Would you pay $5 million for this Castle Home in California?

[Uber_Noober]

I was fishing the aqueduct one day a few years ago and walked upon that thing. I wasn’t sure my eyes weren’t playing tricks on me.
I walked down about 50 yards away from it. Would like to tour the inside. The history surrounding it is pretty tragic.

 

[Uber_Noober]

yeah its in the middle of nowhere if that much land was near LA you would be paying a billion for 500 acres, but the price for that amount of land is very cheap, 500 acres you could build commercial real estate on it, but I think the sellers want to keep it a historic landmark so its probably why they are selling it for only 5 million probably put in the contract you cannot tear it down or build on the land commercial property, Id only buy that if I would be allowed to build on it and tear that castle down.

Disneyland is 85 acres, you could build a lot with 506 acres of land.

Property taxes out here are high af, I couldn’t imagine what they’ll be for that place. I Fucking hate LA County

 

[TidWell]

I was fishing the aqueduct one day a few years ago and walked upon that thing. I wasn’t sure my eyes weren’t playing tricks on me.
I walked down about 50 yards away from it. Would like to tour the inside. The history surrounding it is pretty tragic.

So you live out in Lancaster? whats the history behind that Shea Castle? is it creepy?

 

[MadSquabbles500]

So you live out in Lancaster? whats the history behind that Shea Castle? is it creepy?

https://en.wikipedia.org/wiki/Shea's_Castle

The area is green. There are certain kinds of produce that can grow on that land. I think romaine lettuce be one of them. Romaine fetches a decent price.

 

[MadSquabbles500]

While it is overall more complex, most of it is attributed to, rich asians (mostly Chinese) buying houses/condos and driving up demand.

And Vancouver is hemmed in by steep mountains to the north, and USA border to south. So all the development goes east inland, but its pretty thin strip.

 

[TidWell]

https://en.wikipedia.org/wiki/Shea's_Castle

The area is green. There are certain kinds of produce that can grow on that land. I think romaine lettuce be one of them. Romaine fetches a decent price.

Farming is a bitch though, I worked on a farm as a kid for one summer and NEVER again, its hard work for real. especially if some drastic storm hits your crops are good as done. I remember my professor had a vineyard in wine country in Santa Barbara area and they had a fire his grapes were done, he said after that he sold it, he didn't want to continue. one of the migrant workers left their glass cup out there and the sun reflected on it and it started a fire on some dry brush and spread with the wind.

It looked like this

 

[ShinkanPo]

How is the weather there? Does it get really hot? If so nah

 

[Anung Un Rama]

lulz @ "scenic"/ hard pass.

 

[lifelessheap]

All I know is Native Americans and Aztec Warriors got fucking royally fucked over for their people and land..... Trail of fucking tears for sure.

Every group has been fucked over. We are humans and we like killing each other. Kill or be killed. Eat or be eaten.

 

[cmw43]

Living in the desert would suck, give me a nice English castle anyday.

This one is £3 million.

 

[MadSquabbles500]

https://netzeronewhall.com/overview/

This project above is being developed not too far from the Shea Castle. The $5mil for it aint sound so bad now.

http://www.latimes.com/local/lanow/la-me-newhall-ranch-20170925-story.html

Quote from article:

"Newhall Ranch will join other large developments in the works along the Interstate 5 corridor that together are likely to transform one of the last undeveloped sections of Los Angeles County. To the north, developers built a massive outlet mall and are planning a housing and resort project at Tejon Ranch."

Looks like they are trying to develope the Antelope Valley more. No wonder they put that castle up for sale.

 

[TidWell]

https://netzeronewhall.com/overview/

This project above is being developed not too far from the Shea Castle. The $5mil for it aint sound so bad now.

http://www.latimes.com/local/lanow/la-me-newhall-ranch-20170925-story.html

Quote from article:

"Newhall Ranch will join other large developments in the works along the Interstate 5 corridor that together are likely to transform one of the last undeveloped sections of Los Angeles County. To the north, developers built a massive outlet mall and are planning a housing and resort project at Tejon Ranch."

Looks like they are trying to develope the Antelope Valley more. No wonder they put that castle up for sale.

yup, most people dont have the business minds, they only look at things like oh gross I would never live in Lancaster, well nobody said you have to live there like I said if you build it they will come

most of the rich real estate people would build commercial property, hotels, homes in areas where people would buy, they would buy the land for cheap and foreshadow the real estate market in 5 to 10 years and make money.


If I had the money Id buy that easily 500 acres is a steal for 5 million thats super duper cheap 5 to 10 years from now that area could be populated and you could build a mall or shopping center on that lot and still have more room left, like I said Disneyland is 85 acres that land is 500 acres.

 

[ToxicShocker]

Property taxes out here are high af, I couldn’t imagine what they’ll be for that place. I Fucking hate LA County

6k per month

 

[jefferz]

https://netzeronewhall.com/overview/

This project above is being developed not too far from the Shea Castle. The $5mil for it aint sound so bad now.

http://www.latimes.com/local/lanow/la-me-newhall-ranch-20170925-story.html

Quote from article:

"Newhall Ranch will join other large developments in the works along the Interstate 5 corridor that together are likely to transform one of the last undeveloped sections of Los Angeles County. To the north, developers built a massive outlet mall and are planning a housing and resort project at Tejon Ranch."

Looks like they are trying to develope the Antelope Valley more. No wonder they put that castle up for sale.

Is this land being developed barren desert just like the pictures from the "castle"?

 

[Jesus X]

I wouldn't live in Lancaster if you paid me 10 million. if I'm going live in to a desert I'm going to las vegas.

 

[Jesus X]

Had family that lived in Palmdale/Landcaster. Fuck that. I'd rather move to a different State/Country than live there.

I concur people underestimate how brutal desert in California is. I rather be in Nevada or Arizona for desert living.

 

[Jesus X]

What about the area west, and south of USC, the area just east of the LAX, Compton, and the usual ghettos? I need some intel. I am looking to make some RE investments anywhere really.

you wouldn't be able to afford land their unless you have 500 k minimum. houses in the ghetto here cost that much for a 1000 sq ft house . the only place near L.A county with cheap houses is upland,CA and the surrounding cities.

 

[Jesus X]

I always wondered why the Antelope Valley did not develop as much as the other deserts over the mountains like in San Bernardino, and Riverside Counties. If you look at the LA metro the development is going east, but at some point it will have to start going north.

like you said san bernardino county and riverside county are not deserts they are 1200 ft height elevation mountains so it makes it easier for people to live there than the antelope valley or a place like kern county which has a literal mad max festival .
https://en.m.wikipedia.org/wiki/Wasteland_Weekend

 

[TidWell]

like you said san bernardino county and riverside county are not deserts they are 1200 ft height elevation mountains so it makes it easier for people to live there than the antelope valley or a place like kern county which has a literal mad max festival .
https://en.m.wikipedia.org/wiki/Wasteland_Weekend

Riverside is packed it became a major metroplitan area in only ten years time, they might need a sports team soon.

I remember going out there back in 1999 and it was not overpopulated like it is now and there werent that many homes, now I drive thru and the traffic is jammed on the freeway and you can see so many homes at night all the night lights from houses. Temecula as well, back in 2007that place was just a few townhomes and lots of land, now its growing fast a lot of homes, the area near pechanga was empty no homes now its jam packed with homes and stores.

People are moving out there because its currently cheaper and the area is way nicer than dirty LA

 

[MadSquabbles500]

Is this land being developed barren desert just like the pictures from the "castle"?

I am not sure, but its not like we cannot develop barren desert. Phx, LV, Palm Springs, all pretty much barren desert