Ocotillo Lakes amenities among the best
Besides having some of the most prestigious waterfront neighborhoods in the valley, the Ocotillo Lakes area of south Chandler ranks high in academic acheivement, and provides many family centered activities, and low crime rates compared to national standards and some of the lowest in Chandler.
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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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Market Update for Chandler, Gilbert & Ahwatukee Waterfront Communities
This week I thought it would would be a good opportunity to pull some waterfront home sales and look at some trends. I selected lake communities in Ahwatukee; Ocotillo Lakes and Pinelake Estates in Chandler; and The Islands and Val Vista Lakes in Gilbert. These are the larger and more recognizable lake communities in the east valley.
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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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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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