Luxury RVs Could Stimulate Margate Economy
Margate, a north Miami, Fla., suburb, may a get break in an otherwise downtrodden economy if the city approves a luxury RV resort at the vacant Aztec Estates mobile home park on State Road 7.
RV parcels in the proposed 106-acre, 646-lot community will sell for between $110,000 and $300,000, bringing much needed ad valorem tax dollars to Margate and a significant boost in business to area restaurants, retail and professional services. RVs occupying the lots will be Class A motorhomes, ranging in price from $200,000 to $2 million, according to margatenews.net.
The target market for the resort, said Realtor Ben Shiraz, is wealthy Baby Boomers who have sold their home and who live in their luxury RVs, traveling from RV resort to RV resort throughout the U.S. and Canada. The Aztec resort will include electrical and plumbing hookups and a luxury clubhouse with fitness facilities and a pool.
"Very similar to the RV resort on Bluewater Key," Shiraz said.
Aztec Estates was closed in 2007 and has been vacant ever since. One developer showed interest in building a 700-plus housing community at one point, but plans fell through when the housing bubble burst.
According to Shiraz, some RV residents will live year-round and some won't. Lot owners will be allowed to sublet their lots and chances are favorable that the lots will be traded in the time-share marketplace. The RV resort will be a private, gated community and offer 24/7 security, said Shiraz.
Although some city officials expressed skepticism over the concept, they agreed to put it before the city's Development Review Committee in July.
Is the RV resort good for Margate?
"Money is really no object for someone who pays $2 million for an RV," Shiraz said.