Phoenix Arizona Waterfront Homes

 Recent water ski lake property sales activity

A Phoenix water ski home or lot is a unique type of Arizona real estate.  Man made with one of Arizona’s most precious resources there are only 6  water ski communities in the valley.  Ready for some Phoenix water ski real estate trivia?  How many water ski homes / lots are there in Phoenix?  See the answer at the end of this post.  Right now we’re going to look at a recap of the activity and sales of homes and lots during 2009 and year to date in 2010.

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New REO lot comes on the market in Santan Lakeside Estates and sells in 1 month

Lot 17 on the west side of the ski lake at Santan Lakeside Estates just came on the market  the last week of February bringing the total lots for sale to 3. The other available lots are 3 and 17.   Many water ski enthusiasts and owners will be watching this specific  transaction as it will aid in determining the current market value of a Phoenix valley water ski lot.  So how did they set the list price for this ski lake lot at $340,000?  My opinon? You have to go back to 2009 when lot 13, previously a bank owned lot was initially listed for $480K.  After periodic price reductions that are consistent with bank owned property, the list price eventually reached $399K,  an offer for $340K was accepted and closed in August 2009.  When that is the only comparable sale, it makes sense to use it!  Getting back to lot 17;  a couple of early offers were received within days of  being listed, but considered too low by the bank.  Time will tell as the ski season approaches and the bank watches the days on market increase , and  periodically considers price reductions.  See sales update further down in article.

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Water Ski Lake Water Quality Level in Gilbert Az Ski Lake Communities

Phoenix area water ski homes and communities are attractive and unique because they offer residents an opportunity to enjoy water skiing and wakeboarding in their own backyard.  When buyers are considering water ski homes for sale, they should understand the added cost and maintenance involved with maintaining a ski lake since it has to operate at a higher “full body contact” level.  The maintenance and upkeep of the lake are extremely important and any neglect could cause health problems for those that use the lake.  This ongoing task will  most likely be contracted out to a company that specializes in monitoring and maintaining urban lakes including ski lakes.

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Waterfront homes in Gilbert are some of  the best in

Phoenix

In your quest for Phoenix lake communities that have waterfronthomes, any search would be incomplete if you didn’t consider the eight waterfront communities in Gilbert.  I’m not counting  subdivisions that have a community lake at the entrance or near the clubhouse.  These are communities in which some of the homes are on waterfront lots.  Specifically, these Gilbert waterfront lake communities are Val Vista Lakes, The Islands, Crystal Point, Santan Lakeside Estates, Playa del Rey,  Lago Estancia, Stonebridge Estates, and Wind Drift.

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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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San Tan Lakeside waterski lot for sale

Currently the only lot for sale in Santan Lakeside Estates is lot 13 on the west side of the lake.  The bank has already approved the price on this short sale, $600,000.  Utilities are already at the property.  San tan Lakeside Estates is quickly becoming the premier tournament waterski lake in the valley.  Some of Gilbert’s most expensive homes are located in this waterski community.  Two other homes are under construction, both on the east side of the lake.

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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.

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There’s a waterski lake in my backyard!

You’ll never see it as you’re driving on Riggs Road. There’s a gate and some attractive landscaping that is common to many custom home subdivisions in south Gilbert. What you many not know is that it hides a 13 acre waterski lake where 20 owners enjoy a slalom waterski course year round and enthusiats gather for regional waterski competition on the 2,200 ft. long lake known as Santan Lakeside Estates.

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