Phoenix Arizona Waterfront Homes

Lake Community in Arizona City

The largest residential lake in Pinal county, Paradise Lake, can be found in a quiet rural neighborhood south of Casa Grande in Arizona City.  The layout of the  48 acre lake maximizes the lake view of each waterfront home.  Even in the narrowest parts of the lake, most waterfront homeowners enjoy at least 200 feet of waterfront view.  Select lakefront lots can easily have waterfront views of over 600 ft behind them.  That is some of the best if not the best in the Phoenix valley.

Read the rest of this entry

Secluded Custom Luxury Home Community in Chandler Az

It is hard to get exposure and achieve name recognition when there are only 20 homes in the entire subdivision. However, that’s probably the way the residents of Wellington Estates in Chandler want it!  This  quiet gated luxury lake community features 20 custom homes and 8 of them are on waterfront lots. The smallest lot size is over 15,000 sq.ft. (1/3 acre) and the homes range in size from 2,900 to 4,900 square feet.

Read the rest of this entry

Phoenix Luxury Waterfront Homes in Lake Communities

Some of the most coveted luxury home locations are those in lake communities with  a waterfront view.  Very few waterfront or lakefront homes are being built with the slowdown of new home subdivisions.  A luxury home on a waterfront lot makes a fanastic combination that provides the owner with a unique oasis setting in the desert.   The following luxury home links list waterfront homes above $500,000 in various parts of the valley.

Read the rest of this entry

Dobson Ranch – Mesa’s First Planned Community.

The origins of Dobson Ranch reach back to the early history of the east valley when it began as a cattle ranch and farming operation.  Wilson Wesley Dobson emigrated from Canada to Arizona and began his cattle ranching and farming in 1886, which is 25 years before Roosevelt Dam was completed.  He may have belonged to the Salt River Valley Water Users Association (SRVWUA) who pledged more than 200,000 acres of their land for the federal construction loan to build the dam. As many as 20,000 head of cattle roamed the land where Baseline Road stands.

Read the rest of this entry

Loan modifications and the wrong incentives

I’ve been accused by some as being a workaholic  and in some instances there is evidence that it is true.  But the picture to the right that I took of my son is proof that I was in attendance at a family  reunion in Breckenridge, Colorado and tried to have a balanced life.  I don’t know how it happened but an interesting real estate article found  me at our 10,000 foot  retreat. It was waiting for me at the local City Market Food Store, and came in the form of an article from The New York Times about loan modifications that adds another piece to a sometime crazy puzzle. Read the rest of this entry

Waterfront Bank Owned Homes and Short Sales in Phoenix

Distressed Sales as a percentage of total sales by city - June 2009

In the current environment, if you talk about Phoenix real estate,  bank owned and short sale properties must be part of the conversation, and this has obviously impacted waterfront homes and lake community properties throughout the valley.  The differences between these two types of distressed properties are significant, but both represent opportunities for those looking for homes at below market prices.  In the majority of cities in the valley, bank owned (REO) and short sales represent the majority of the sales.   The chart to the left shows the bank owned homes and short sales as a percentage of total sales for the month of June 2009 by city. Read the rest of this entry