Phoenix Arizona Waterfront Homes

Exclusive Gated Phoenix Lake Community in Biltmore District

This gated community of patio homes features 67 home sites where 70% of the homes are lakefront with western facing backyards and patios that enjoy the scenic Arizona sunsets. Built between 1979 – 1988, these luxury lake community properties range in size from 1800 – over 3,400 sq.ft.  Village on the Lakes is just miles from the historic Arizona Biltmore hotel,  the Biltmore Fashion Park and other high end amenities in the Biltmore District.

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Scottsdale Lake Communty Townhouses in McCormick Ranch

Las Palomas townhouses in McCormick Ranch provide a secluded and gated lake community in Scottsdale that borders Lakes Angela, Nina, and Margherite.  What once was a 4,200 acre working ranch where the McCormicks raised Black Angus cattle is now home to man pretigious Scottsdale luxury residential communities including Las Palomas.

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Retirement Community with lakeviews at Leisure World in Mesa Az.

Leisure World was established in 1972 and I’m sure it was considered to be “way out there” in east Mesa.  Now this 1.5 square mile active adult/retirement lakefront gated community with waterfront homes is part of the greater Phoenix area that connects seamlessly with the rest of Mesa and neighboring cities.  Build out occured in 1994 with over 2,600 homes, both condos and single family homes,  built by three builders; Western Savings, Dietz Crane, and Rossmoor. Leisure World residents can be a young as age 45, as long as 80 percent of all residents are 55 and over.

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Cachet Luxury Chandler Townhouses at Fulton Ranch

Crescent Falls in Chandler’s Fulton Ranch lake community is a 90 unit townhome community developed by Cachet Homes.   Phase II units offer two single story 3 bedroom plans, 1,797 and 1,876 square feet.  The 2,287 sq.ft. two story floorplan includes a downstairs master bedroom.  Architectural elevations feature Spanish Colonial and Ranch Hacienda styles.  Crescent Falls is uniquely located between luxury single family homes at The Islands at Fulton Ranch and a regional park and walking distance to The Promenade,  a 150,000 sq.ft shopping  center. Read the rest of this entry

Fulton Ranch Condos  at Serenity Shores in Chandler

Serenity Shores is one of two Cachet developments in Chandler’s lake community, Fulton Ranch.  Originally, 185 units were planned, but trying to build out during 2006 – 2008 as the market was falling proved to be an over-whelming task.  Currently, 56 units are complete.  Sales have improved in 2010 with 11 sales year to date and three currently pending.   The  remaining land was taken back by the lender in April 2010 as well as the unsold units.  Once the remaining spec units are solds, sales in Serenity Shores will be resales.

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Tempe Waterfront Homes and Lake Communities

When it comes to Phoenix Az waterfront property, certain bragging rights can be claimed by each city or town depending on the lake communities within their city limits.  For example, Chandler has more lake communities than any other city.  And Gilbert has 3 of the 6 water ski communities in the Phoenix valley.   Scottsdale Waterfront Residences often claims the most expensive waterfront listing in the valley.   When you consider Tempe lake communities, it could easily be distinguished as having the most diverse selection of Phoenix waterfront property.

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 Regatta Pointe Condominiums Offer Great Proximity to Tempe Town Lake Amenities

Regatta Pointe condominiums located right across the street from Tempe Town Lake were built in 2002.  While they cannot be considered waterfront property, some of the condominiums have fantastic views of Tempe Town lake.  This Tempe lakeview condominium development has 136 units; 116 single level units and 20 larger two story units.   A heated community pool and spa are at the center of the community.  The location features proximity to an endless list of amenities such as parks, the light rail, Mill Avenue restaurants and entertainment, and a cultural center.  Recent sales of distressed properties such as short sales or bank owned units have sold for 60% of their highs in 2005 – 2006.

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Fountain Hills lakefront residents enjoy fountain view

While there are very few true waterfront homes in Fountain Hills, many condos and single family homes are strategically positioned to take advantage of awesome views  from the back patio or front porch of a world famous fountain that shoots up over 300 feet every hour. These Fountain Hills  lake view homes are a unique phenomenon in a community that has some of the most scenic mountain views in the valley.

Satellite view of Fountain Hills

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Tempe Town Lake Inflatable Dam Bursts

At 9:45 pm on  Tuesday,  July 20th, one section of the inflatable dam at Tempe Town Lake burst releasing 750 million gallons into the Salt River.  Since it occured at night nobody was on the lake and one visitor at the west end of the lake was able to capture the release on video.   The day after the failure, the Town of Tempe and Bridgestone, the manufacturer of the inflatable bladders, squared off and each offered explanations of why the other party was at fault.  Obviously, something went wrong somewhere because according to the Town of Tempe  website, “The bladders have special ozone and ultraviolet ray protection from the southwestern climate and have been tested extensively for durability.” Bridgestone contends improper maintenance since  the bladders need to be kept moist and cool through the use of a sprinkler system that was not being used at the time of the failure, while the Town of Tempe Mayor counters that the poor design of the dam made it difficult to use the sprinklers effectively.

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 Gainey Ranch - outstanding combination of lakes and green fairways

This prestigous Scottsdale community takes its name from Daniel C. Gainey,  the original owner and Minnesotan.  It was James Kilday,  the founder and CEO of Markland Properties who acquired 560 acres of the original 640 acres owned by Daniel Gainey that had  the vision of creating  a luxury resort community.

Gainey Ranch is a mixed use community comprised of residential, commercial office buildings, a private  golf course, and a luxury hotel.  The residential portion of Gainey Ranch occupies approximately 264 acres, less than half of the 560 acres.   The Gainey Ranch master planned community also includes commerical office buildings,  the Hyatt Hotel and an award winning 27 hole private golf course , Gainey Ranch Golf Club. 

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