Phoenix Water ski lake communities overview
Instead of focusing exclusively on one water ski lake community, let’s take a quick look at an overview of lakes that allow water skiing and wake boarding in the Phoenix valley. These are different from the majority of lake communities because the water has to be “full body contact” quality. The HOA may also require the owner to become a member of the AWSA and the community ski club. It may be the equivalent of taking a sleep aid pill, but read the CC&R’s so you’re not surprised when you learn you are required to carry $1,000,000 of comprehensive personal liability insurance related to the lake and the activities thereon.
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Market analysis & trends of waterfront homes
Now that we’ve finished up with the 1st quarter of 2009, it is a good opportunity to review what transpired during the first 90 days of 2009 for waterfront homes for the southeast valley, including Chandler, Gilbert, Tempe, Sun Lakes, and the Ahwatukee Foothills. The data is from the Arizona Regional MLS for waterfront property. I used waterfront information for the 1st quater 2008 , 4th quarter 2008, and 1st quarter 2009. I only used sales of single family homes.
Ocotillo Lakes amenities among the best
Besides having some of the most prestigious waterfront neighborhoods in the valley, the Ocotillo Lakes area of south Chandler ranks high in academic acheivement, and provides many family centered activities, and low crime rates compared to national standards and some of the lowest in Chandler.
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Lagos Vistoso in Chandler has over 170 Waterfront Homes
Lagos Vistoso, one of the newer waterfront communities in the east valley, was built by Pulte Homes between 2003 and 2005. With over 170 waterfront lots, the community has a high ratio of waterfront homes to total community homes at approximately 40%. Lagos Vistoso homes range in size from 1,300 sq.ft to over 3,100, and surround 13 separate bodies of water. The 202 Santan freeway is 4.5 miles to the north, and the Chandler Fashion Square Mall is less than 9 miles away.
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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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Northshore Condos on Tempe Town Lake
This 134 unit development is one of the newer additions to spring up around Tempe Town Lake. It borders Arizona State University and has excellent access to the 202 from Rural Road. It includes a social lounge and fitness center along with a gated parking garage. A unique feature of Northshore Condos is the outdoor gas fireplace on each unit’s oversized balcony. The 134 luxury condos range from 1 – 3 bedrooms, with 1,172 to 2,168 sq.ft.
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A True Waterfront Community
My wife and I had the opportunity of a lifetime a couple of weeks ago to travel in Europe (Thanks mom and dad)! One of the cities that really impressed us, maybe because of the spectacular setting on the Adriatic Sea was the waterfront city of Dubrovnik in southern Croatia. It has a rich history which is due mainly to its maritime influence and trade. One of the first things you notice is a wall that surrounds the old city of Dubrovnik with a series of turrets and towers that were used to protect the city.
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Lago Estancia – Gilbert
Lakefront Community Profile
One of Gilbert’s smaller lakefront communities with approximately 100 waterfront homes, Lago Estancia is unique from other waterfront communities with the walking paths next to the shoreline. Many of the homes that back up to the lake have a view fence separating the backyard from the water, which is ideal for families with small children that want the security of a fenced backyard but also enjoy the ambiance and serenity that a lakefront property offers.
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The Islands: Lake community in Gilbert
The Islands, a master planned lake and waterfront community with over 400 waterfront homes, is one of Gilbert’s most established lake subdivisions. Homes in The Islands range from townhouses to custom homes, built mostly between 1987 and 1995, and range in square footage from 1,300 to over 4,800 square feet. It also has a large waterfront park with walking trails, basketball court, sand volleyball, covered children’s play area and community center.
Within The Islands are individual communities or subdivisions such as Seawynds, Trade Winds, Windhaven, Coral Point, The Shores, Harbor Point, Key Harbor, Tres Vistas and Catalina Bay. Lakefront residents take advantage of the many long stretches of water measuring over 1/2 mile in length with an evening boat ride. Internal combustion motors are not allowed.
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How do schools near waterfront / lake communities rank?
The other day the Tribune featured an article that discussed the number of schools that attained each level of the Achievement Profile as reported by the Arizona Department of Educaton. That made me wonder how the schools that serve the Phoenix area waterfront homes and communities are ranked. I should have stopped at that point since that simple question led to hours worth of searching, copying, pasting and creating hyperlinks. The best way to answer the question was to go the Arizona Department of Education website and find the rankings for each elementary school and the corresponding community. The page School Report Card page is invaluable with the amount of information it contains. Unfortunately, 2007 is the last year for which it will be available. Starting in 2008, the format is greatly condensed and I believe does not have as much information. If you want to how the Jr. High and High Schools rank for a specific neighborhood, just e-mail or hopefully you’ll have visited the department’s website and learned how to use this useful tool. I’m also convinced that what follows is the most complete list of waterfront / lakefront homes and communities for the Phoenix area by city.
Continue reading “Rankings of Phoenix Waterfront Homes and Communities Schools”