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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