Land in Missouri? Homestead community?

Hello Everyone,

I am looking to the future wanting to pick a spot for my "last" home. A place to grow old.

This quest has me looking at affordable land. I have narrowed the search down to Southern Missouri, Eastern Oklahoma and Northern Arkansas. My vision is an off grid homestead with like minded, but not too close, neighbors.

I have seen a few parcels that are fantastic except they are a bit large for what I need and a bit more $ than I want to spend. The thought occurred to me that I may be able to buy a larger parcel and lease or sell lots to right minded folks. I could offer a lease/purchase, rent or buy outright. The price for usable ground would likely be in the $3000 - $5000 an acre.

I have no clue what a reasonable rent would be on, for example, 10 acre parcel. Any thoughts?

What do you all think of this idea? Is there enough demand to make it viable?

Any thoughts on the location? I have visited the region but never lived there.

Thanks Everyone.

S.

Steve Smyth wrote:The thought occurred to me that I may be able to buy a larger parcel and lease or sell lots to right minded folks. I could offer a lease/purchase, rent or buy outright. The price for usable ground would likely be in the $3000 - $5000 an acre.

Just a notice on selling parts of land... when you want to sell just parcels of the land you will need to replat it. My parents and I were looking at doing this to some land, I can't remember the price exactly but I think it was about $15,000-$20,000 to do this.

On top of the price, there also may be some random conditions tied to that particular piece of land saying you cannot replat it, or there may be some new laws put into place by the county that adds limitations. For example, in our county any land that is platted after the 1980s can NOT have both a septic and well on it if the land is less than 5 acres. Well that's a problem because the land we are looking at is 4 acres, doh! BUT it was platted before this law came about in the 1980s... so it is grandfathered in and we can build both well and septic on it as long as we don't touch the plat like we originally considered doing.

I wish it was a simple process sharing land with people, but unless you're rich and can just buy outright... it's not simple and there are plenty of traps set for you.

Of course you're still free to lease it as you like, but I do not know the laws with this and wonder if it would involve some form of replatting.

Rebecca Blake wrote:

Steve Smyth wrote:The thought occurred to me that I may be able to buy a larger parcel and lease or sell lots to right minded folks. I could offer a lease/purchase, rent or buy outright. The price for usable ground would likely be in the $3000 - $5000 an acre.

Just a notice on selling parts of land... when you want to sell just parcels of the land you will need to replat it. My parents and I were looking at doing this to some land, I can't remember the price exactly but I think it was about $15,000-$20,000 to do this.

On top of the price, there also may be some random conditions tied to that particular piece of land saying you cannot replat it, or there may be some new laws put into place by the county that adds limitations. For example, in our county any land that is platted after the 1980s can NOT have both a septic and well on it if the land is less than 5 acres. Well that's a problem because the land we are looking at is 4 acres, doh! BUT it was platted before this law came about in the 1980s... so it is grandfathered in and we can build both well and septic on it as long as we don't touch the plat like we originally considered doing.

I wish it was a simple process sharing land with people, but unless you're rich and can just buy outright... it's not simple and there are plenty of traps set for you.

Of course you're still free to lease it as you like, but I do not know the laws with this and wonder if it would involve some form of replatting.

Thanks for the input.  I have subdivided property in the  past and am familiar with the process.  

Unfortunately,  the idea doesn't seem to be generating much interest.  

Are you still looking to split land.  I'm trying to do some research on Missouri.

Tara Sanders wrote:Are you still looking to split land.  I'm trying to do some research on Missouri.

I am still looking around. The idea was not as popular as I expected so, I have switched my search to smaller parcels. As much as I would like to live in a little 100 acre Permie mini community. I cannot afford to pursue it without a solid couple of folks to team up. Depending on the parcel, I could buy it, divide it and sell a couple of parcels on contract or a lease/purchase arrangement.

Otherwise, I am back to looking at 25-40 acre parcels.

Looking E.-S.E. of Springfield has yielded a number of nice spots. After looking about I noticed that quite  a number of the "homesteading" personalities on YouTube are within 150 miles of Bull Shoals Lake.

There are so many things to research about an area.  Just read some good comments on MO both good and bad.  I haven't been there.  I'd like land with water and away from electricity but others can be closer to it.  They have a lot of factory farming out in MO so I'd have to check that and then fracking, etc.  I don't know the areas though.  Doing some research.  I like cooler places but outwest has forest fires and they spray fire retardants and chemicals and I can't handle that sort of thing.