Embarcadero Luxury Waterfront Lake Community in Chandler

Luxury Lake Community in Chandler

Embarcadero is one of Chandler’s luxury waterfront neighborhoods located right across from the Ocotillo Golf Resort.  This gated luxury community is made up of  66 single level TW Lewis luxury homes that were built between 2002 – 2003, many with basements.   Single level homes on large lots  between 1/3 to over 1/2 an acre with  38 of the 66 homes being waterfront property create a relaxed and serene setting for Embarcadero residents. Many Embarcadero homes also have basements.  The location is ideal, only minutes from major employers such as Intel,  close access to major freeways, highly ranked schools, shopping and community parks.

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Chandler Az Waterfront Homes and Lake Communities

Chandler boasts more lake communities than any city in the Phoenix valley

If you count the individual Chandler waterfront communities, you’ll easily be in excess of 25 Chandler lake communities.  Many of them are part of the overall Ocotillo Community Association.  Many of these are well know Ocotillo lake communities such as Balboa Point, Embarcadero, Cantabria Shores, Bridges at Ocotillo The Vista at Ocotillo, The Penisula, and Crown Point.  This post will give anyone interested in Chandler waterfront homes a good overview of the available options.

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Fulton Ranch Lake Community in Chandler Arizona

Fulton RanchUpscale Chandler Lake Community Offers Range of Home Options

The newest  Chandler lake community is Fulton Ranch with a range of contemporary home designs that range from Cachet Homes 1,386 sq.ft. condominiums in Serenity Shores up to custom built luxury waterfront homes in The Island at Fulton Ranch. In between, the other Fulton communities include Aegean Cove, Mediterranean, Gallery, and Caribbean that occupy over 520 acres in south Chandler.  Students in Fulton Ranch attend Ira A. Fulton elementary, Bogle Jr. High, and Hamilton High School in the  highly rated Chandler school district.  The property that is now Fulton Ranch was once owned by the Goodyear Tire and Rubber Company which raised cotton for the fiber necessary for tires. Fulton Ranch is also close to the many semi-conductor industries such as Intel, Microchip Technology, and Freescale Semiconductor which collectively employ over 12,000 workers in the Chandler area.

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Luxury Waterfront Homes in Phoenix

Luxury waterfront homes

Phoenix Luxury Waterfront Homes in Lake Communities

Some of the most coveted luxury home locations are those in lake communities with  a waterfront view.  Very few waterfront or lakefront homes are being built with the slowdown of new home subdivisions.  A luxury home on a waterfront lot makes a fanastic combination that provides the owner with a unique oasis setting in the desert.   The following luxury home links list waterfront homes above $500,000 in various parts of the valley.

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Gated Chandler Lake Community Homes in Lagos Vistoso

Lagos Vistoso in Chandler has over 170 Waterfront Homes                                                        lagos-vistoso-marquee1

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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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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Ocotillo Lakes resident interviewed by national real estate website

Relocation clients make their home in Ocotillo Lakes      

When the assistant editor of FrontDoor.com, which is sponsored by HGTV, contacted me wanting to interview a client that had purchased a Phoenix waterfront home, I knew Kim would be a perfect candidate to articulate the desireability of a waterfront home.  Their family had relocated from California for a job transfer.  It became apparent very quickly that in addition to a desireable floorplan, good schools and accessibility to shopping and freeways, a waterfront home in Ocotillo Lakes was at the top of the list.

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Chandler Waterfront Homes: Pinelake Estates

One of the newer Chandler lakefront communities

Those who appreciate homes on larger lots and enhanced curb appeal with a great selection of single story and two story luxury waterfront homes must add Pinelake Estates to their itinerary.  It is complemented by the Chandler city park that creates a gathering place where families can enjoy the playground, volleyball and basketball court.

Hamilton High School is less than a mile way and the 202 freeway is just 3 miles to the north.  You won’t have to venture far with the recent addition of retail shopping at the intersection of Arizona Ave. and Ocotillo.  The ever popular Chandler Fashion Center is a quick 7 miles away.  The south Chandler area has become home to many high tech semi conductor companies including Intel which are major employers in the Phoenix area.  Again proximity to work with a 3 mile commute from Pinelake Estates to Intel is extremely enticing.

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