Phoenix Arizona Waterfront Homes

Hale Centre Theatre in downtown Gilbert

Come and enjoy local live entertainment in downtown Gilbert.   One of 5 theatres in 3 states, the Hale Centre Theatre is the longest, continuously running center stage theatre in the country. The Gilbert Hale Centre Theatre opened in July 2003.  The unique center stage arrangement ensures everyone of having a good seat.  The company originally started in Glendale, California in 1947 to a meager opening night audience of 6, but it has not  missed a week of presenting high quality, affordable entertainment since its humble beginning.  You’ll have the opportunity to enjoy such productions as The King & I, Sleeping Beauty, Charley’s Aunt, She Loves Me, Disney’s Beauty and the Beast, A Christmas Carol, and more.  Ticket prices range from $17 – $24.

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Waterfront home incremental market value

I received a call from another agent asking what the incremental market value was of a waterfront or lakefront home versus a similar home not on the water.  In many of the tax records, it discloses a premium paid by the original owners. The initial lot premium for a waterfront lot charged by builders in The Islands and Ocotillo Lakes might range from $30,000 – $45,000, which represented more than 10% of the initial home cost. While the builder was able to charge a premium for the lakefront lot, it would be interesting  to know how  the resale market values a waterfront home.

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Market Update for Chandler, Gilbert & Ahwatukee Waterfront Communities

This week I thought it would would be a good opportunity to pull some waterfront home sales and look at some trends.   I selected lake communities in Ahwatukee; Ocotillo Lakes and  Pinelake Estates in Chandler;  and The Islands and Val Vista Lakes in Gilbert.  These are the larger and more recognizable lake communities in the east valley.

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Lakefront property nestled in the Ahwatukee Foothills of Phoenix

Bordered by south mountain park to the north, Ahwatukee was annexed by the city of Phoenix between 1978 and 1987.  However, this unique community prides itself on it’s own identity even though it may have a Phoenix address.  The 35 sq. mile Ahwatukee Foothills community has even had it’s own newspaper, the Ahwatukee News for over 30 years.  Once you drive through, you’ll realize that it is unique and different from any other Phoenix suburb.

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