Market value of a waterfront home property

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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Ocotillo Lakes – The jewel of Chandler Waterfront Community Homes

Chandler Lakefront Luxury Homes

For over a decade, the Ocotillo Lakes area in Chandler has been home to some of the most cherished Chandler subdivsions and waterfront homes.  With such employers as Intel, Orbital, and Motorola and other semi-conductor companies, Ocotillo Lakes provides a short commute, highly rated schools and well manicured homesites.  Ocotillo lakes includes 167 acres of interconnected lakes and waterfeatures.

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Rankings of Phoenix Waterfront Homes and Communities Schools

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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Outstanding swim facility near Chandler waterfront homes

Hamilton Aquatic Center

Three times a week my son has swim practice as part of the Rio Salado Swim Club.  Practices are long; 90 minutes in the water and when he’s done he’s looks like a raisin.  But he’s getting some good exercise and not in front of the T.V.!   Practices are held at the Hamilton Aquatic Center located right next to Hamilton High on Arizona Ave.   It’s a perfect combination; a high caliber swimming program taking place at an Arizona Parks & Recreation Outstanding Facility Award recipient.  The San Tan Sun newspaper has given it the “Best of South Chandler for Family Fun” award, so it’s definitely worth visiting.  The facility includes 8 competition swim lanes, 2 water slides, two 1 meter diving boards, a zero depth play pool, SCS interactive water feature, water vortex and current river.
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