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.
2009 was a transition year for the Bridgeview urban luxury condominiums. Denver-based Condo Capital Solutions stepped in to purchased the 64 unsold units for $20.3 million in August 2009. Sales in early 2009 were virtually non-existent and only 40 of the total 104 condominiums had sold. Revised pricing has re-ignited interest in this luxury waterfront project. Originally, sales of $591K for 1,283 sq.ft, or $923K or 1,921 sq.ft. were the norm. Now prices are 50 – 60% of original 2008 offering prices. Over 20 units have sold in the first quarter 0f 2010.