Paradise Lake waterfront homes in Arizona City

Lake Community in Arizona City

created by dji camera

The largest residential lake in Pinal county, Paradise Lake, can be found in a quiet rural neighborhood south of Casa Grande in Arizona City.  The layout of the  48 acre lake maximizes the lake view of each waterfront home.  Even in the narrowest parts of the lake, most waterfront homeowners enjoy at least 200 feet of waterfront view.  Select lakefront lots can easily have waterfront views of over 600 ft behind them.  That is some of the best if not the best in the Phoenix valley.

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Chandler Gated Luxury Waterfront Homes – Wellington Estates Lake Community

Wellington Estates Entrance

Secluded Custom Luxury Home Community in Chandler Az

It is hard to get exposure and achieve name recognition when there are only 20 homes in the entire subdivision. However, that’s probably the way the residents of Wellington Estates in Chandler want it!  This  quiet gated luxury lake community features 20 custom homes and 8 of them are on waterfront lots. The smallest lot size is over 15,000 sq.ft. (1/3 acre) and the homes range in size from 2,900 to 4,900 square feet.

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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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Dobson Ranch Lake Community and Waterfront Homes

dobson-ranch-homes-in-mesa-azDobson Ranch – Mesa’s First Planned Community.

The origins of Dobson Ranch reach back to the early history of the east valley when it began as a cattle ranch and farming operation.  Wilson Wesley Dobson emigrated from Canada to Arizona and began his cattle ranching and farming in 1886, which is 25 years before Roosevelt Dam was completed.  He may have belonged to the Salt River Valley Water Users Association (SRVWUA) who pledged more than 200,000 acres of their land for the federal construction loan to build the dam. As many as 20,000 head of cattle roamed the land where Baseline Road stands.

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Waterfront bank owned and short sale properties in the Phoenix area

Waterfront Bank Owned Homes and Short Sales in Phoenix

Distressed Sales as a percentage of total sales by city – June 2009june-2009-distressed-sales-as-a-percentage-of-sales-by-city

In the current environment, if you talk about Phoenix real estate,  bank owned and short sale properties must be part of the conversation, and this has obviously impacted waterfront homes and lake community properties throughout the valley.  The differences between these two types of distressed properties are significant, but both represent opportunities for those looking for homes at below market prices.  In the majority of cities in the valley, bank owned (REO) and short sales represent the majority of the sales.   The chart to the left shows the bank owned homes and short sales as a percentage of total sales for the month of June 2009 by city. Continue reading “Waterfront bank owned and short sale properties in the Phoenix area”