In any given month, distressed sales (foreclosures,short sales, or trustee sales) account for over 50% of the total sales in most all of the Phoenix valley cities. Ski lake properties have been somewhat insulated from this type of transaction, but during 2010 distressed sales have increased in these unique waterfront communities. Three of the Phoenix ski communities had no recorded sales of any kind in 2010. All sales during the year ocurred in Gilbert ski lake communities; Crystal Point, Santan Lakeside and Playa del Rey Estates. 33% of those were distressed sales.
Crystal Point had three sales; one of which was a distressed sale. A 18,000 sq.ft. waterfront lot sold at mid-year sold for $400,000. A traditional equity sale of a 4,400 sq.ft. home ocurred in October 2010 for $1,050,000. In the 4th Qtr., a 3,950 sq.ft. home was purchased at the trustee sale for $752,000. There are currently two short sales and one traditional property for sale in Crystal Point.
Just around the corner from Crystal Point is Playa del Rey Estates. The main ski lake saw two sales during 2010. One was a traditional equity sale of a 2,800 sq.ft. waterfront home for $418,000, while the other sale was a bank-owned foreclosure for $582,000 of a 4,500 sq.ft. waterfront home on the main lake.
Santan Lakeside Estates located in south Gilbert registered 4 property transfers in 2010. The sales prices were $312,500, $277,500, $287,000, and $230,000, one of which was a bank owned lot. The bank-owned lot sale closed escrow at the beginning of the year for $312,500. The subsequent sales were traditional sales with the last one for 2010 in October for $230,000.
For addtional information on available properties , click on receive water ski available properties, or e-mail/call me directly.
5 beds, 5 baths
Home size: 6,298 sq ft
Lot Size: 10,019 sq ft
Added: 04/01/21, Last Updated: 04/05/21
Property Type: Single Family
MLS Number: 6215378
Community: PLAYA DEL REY AMENDED
Tract: PLAYA DEL REY AMENDED
Luxury Waterski Community in the heart of Gilbert! This is the perfect home for a family who is interested in wakeboarding or wakesurfing. The rarest combination of location and lifestyle! 5 beds, 5 baths featuring a beautiful, large kitchen/family room area, sound-proof office, 2 full kitchens, 3 laundry rooms, air-conditioned garages, lots of storage and a north facing corner lot right on the lake. This home offers a private dock and beach front on one of the only 3 waterski lakes in the East Valley. The ski lake has a 5 buoy course for competition training or practicing. You have the option of living in 5,000 sq. ft. of the main home and put guests or a tenant in the 1,200 sq. ft. next gen suite which has a separate entrance. You won't find another one like this unique home!
Listed with West USA Realty
Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!
Waterfront information can be found at Gilbert Water Ski Property.