I say $150,000 plus all expenses. Your problem will come if some yahoos move in and think its ok to party and yell and scream at 2:00 am on their waterfront. Don't forget the price is what the seller is willing to sell for and the buyer is willing to pay. You have nothing to lose if you don't sell, you are taking a chance if you do sell and the contractor has a lot to lose if you don't sell. Personally I wouldn't do it.
You also want to make sure that the contractor doesn't make this "water access" for all his other properties he sells. Be careful.
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