Certainly, recreational property buyers want to do their part to own a property that’s hospitable for wildlife. But did you know there are ways you can create a conservation area as you buy your own recreational retreat?
PotlatchDeltic recently did such a hybrid deal with a 988-acre property in the Brainerd Lakes area of Minnesota. The company first placed a conservation easement on the property while retaining four building sites spread around the property. Then, another owner bought the property, subject to keeping the building sites with their own private easements.
With this approach, the land can never be developed beyond the homesites. Hundreds of acres are preserved for wildlife production. And each building site owner will have the right to use the property and to build a cabin.
“This was a win-win for everyone involved,” said Rod Osterloh of Close-Converse, a PotlatchDeltic Preferred Broker in Brainerd, Minnesota, one of the state’s leading experts in selling recreational property. “In addition to the potential tax advantages of this approach, the buyer has the certainty of knowing the land around him will be a conservation area.”
No matter what approach you take in planning your recreational property purchase, it’s critical to work with a real estate professional who has experience in working with such properties.
The pros in the PotlatchDeltic Preferred Broker Network have this experience, having sold recreational properties to conservation-minded buyers for years. Call one of our Preferred Brokers today to start planning your own legacy!