Access lots may not grab headlines, but they play a significant role in many lakefront and HOA communities. Designed to provide shared access to amenities like water, greenways, or boat ramps, these lots can enhance the value of inland properties. However, they also come with their share of challenges.

In the latest episode of The Real Estate Show, Tiffany Webber and Megan Anderson from Thomas & Webber delve into the purpose, benefits, and potential pitfalls of access lots. Whether you’re a homeowner, developer, or real estate professional, understanding how access lots work is crucial for avoiding unexpected complications. Watch the full episode on our YouTube channel here.

What Are Access Lots?

Access lots are parcels of land designated to provide a community with access to a specific amenity, such as a lake, greenway, or boat ramp. Developers often include these lots in neighborhood designs to increase property value and offer shared benefits without requiring every property to be waterfront or adjacent to a particular feature.

1. Why Access Lots Exist

Access lots are often required by county ordinances or included by developers to make communities more attractive to buyers. For example, they allow inland properties to benefit from lake access without being directly on the water.

2. Challenges of Shared Ownership

Many access lots are owned by HOAs or shared among property owners. This shared responsibility can create legal headaches, especially when owners fail to maintain accurate records or keep up with tax payments.

3. Impact on Property Value

Access lots can significantly enhance the value of nearby properties by providing shared amenities like boat slips, ramps, or recreational areas. However, this value comes with obligations, such as maintenance fees or community votes for improvements.

4. Legal Complications with Improvements

Making changes to access lots, such as adding a dock or converting green space to playgrounds, often requires HOA approval and compliance with community covenants. Mismanagement of these changes can lead to disputes or even legal action.

5. Common Issues and How to Avoid Them

• Tax responsibilities: Owners or HOAs must pay taxes on access lots to avoid legal action by the county.
• Boundary disputes: Without proper surveys or plat reviews, property boundaries can become contentious.
• Inherited ownership complexities: When access lots are passed down through heirs, keeping track of ownership can become a logistical nightmare.

Why This Matters for Homeowners

Understanding access lots is essential for homeowners in lakefront or HOA communities. They may seem like a small detail, but they can impact property value, legal obligations, and community harmony. By staying informed and involved, you can help ensure these shared spaces are well-maintained and used appropriately.

To learn more about access lots and their role in lakefront and HOA communities, watch the latest episode of The Real Estate Show. Tiffany Webber and Megan Anderson share practical advice and real-world examples to help you navigate these often-overlooked aspects of real estate.

📺 Watch the full episode here. Don’t forget to subscribe for more real estate and legal insights!