The story of a California delta island that sells less than San Francisco apartments

The story of a California delta island that sells less than San Francisco apartments

The 10-acre island of Isleton, an hour south of Sacramento in the Seven Mile Slough of the California delta, is located in Brannan Boat Harbor.

The 10-acre island of Isleton, an hour south of Sacramento in the Seven Mile Slough of the California delta, is located in Brannan Boat Harbor.
The 10-acre island of Isleton, an hour south of Sacramento in the Seven Mile Slough of the California delta, is located in Brannan Boat Harbor.
The 10-acre island of Isleton, an hour south of Sacramento in the Seven Mile Slough of the California delta, is located in Brannan Boat Harbor.

The 10-acre island of Isleton, one hour south of Sacramento in the freshwater Seven Mile Slough in the Delta, California, is changing hands for $ 1.195 million. (SF's average apartment price is about $ 1.25 million.)

The buyer is Thai Tran, who owns a mini-chain of Vietnamese pho restaurants in Sacramento, and TW Wood, a listed company at KW Commercialsays Trans, and his family plan to convert the West Brannan Island Road to 1200.

"It's going to be where people want to come again," Wood says. "They haven't made final plans, but they're talking about camping, fishing, and maybe a restaurant. It's a place where people can bring their kids to a picnic, barbecue, swim, and enjoy a park-like setting."

Historical maps show an island bordering Brannan Island, originally called Owl Island, and in the 1960s Bruno Marina made it a popular place for boathouses.

"It's going back," Wood says. "The delta residents then owned yachts. They owned cabin cruise passengers. They sailed through hundreds of miles of delta canals between Sacramento and San Francisco and at all points between them."

Over the years, Bruno's gloss faded and the island's leadership collapsed. People docked and lived in their boats illegally. Garbage and old boats were left behind. "Probably a third of it was trashed," Wood says.

"Almost immediately after the recall, they had to replace a critical bridge to the island - it was $ 500,000," says Wood. "Later, they had to replace the office because it wasn't coded. Another $ 150,000. They pledged to use it again so they could finally sell it."

Owens Financial rebuilt the premises, hired staff, transformed the operation into a marina on the island of Brannan and then put it up for sale. For sale was a working marina with 175 boat bridges, a boat lift, an office, toilets, picnic areas, as well as a yacht club and a sailing school, both of which were rented.

Wood heard from more than 100 people interested in shoveling the island for about a million dollars in the notoriously high-priced real estate market in Northern California. But he says that when people looked at its finances, they were frightened.

"Property taxes, insurance, maintenance and salaries are literally equated to gross income in terms of gross income," says Wood. "You buy an island that costs $ 250,000 a year to operate, and it earns $ 250,000. Welcome to the party. So investors were trying to figure out what I could do here?"

Wood says the new owner sees the future for Owl Island and appreciates its two most important features: the beauty of the location and the people living in the area.

"Anyone who has ever enjoyed a delta and appreciated the wonders of the delta would love to offer it here. It's beautiful with canals on both sides, breeze, with birds," he says. "There are people besides natural beauty. People who love the delta are a special breed and they love nature and delta life and they respect it and you don't meet such people every day. The manager just caught a 7-foot sturgeon the other day. It's a magical place. "

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