In any given month, distressed sales (foreclosures,short sales, or trustee sales) account for over 50% of the total sales in most all of the Phoenix valley cities. Ski lake properties have been somewhat insulated from this type of transaction, but during 2010 distressed sales have increased in these unique waterfront communities. Three of the Phoenix ski communities had no recorded sales of any kind in 2010. All sales during the year ocurred in Gilbert ski lake communities; Crystal Point, Santan Lakeside and Playa del Rey Estates. 33% of those were distressed sales.
Crystal Point had three sales; one of which was a distressed sale. A 18,000 sq.ft. waterfront lot sold at mid-year sold for $400,000. A traditional equity sale of a 4,400 sq.ft. home ocurred in October 2010 for $1,050,000. In the 4th Qtr., a 3,950 sq.ft. home was purchased at the trustee sale for $752,000. There are currently two short sales and one traditional property for sale in Crystal Point.
Just around the corner from Crystal Point is Playa del Rey Estates. The main ski lake saw two sales during 2010. One was a traditional equity sale of a 2,800 sq.ft. waterfront home for $418,000, while the other sale was a bank-owned foreclosure for $582,000 of a 4,500 sq.ft. waterfront home on the main lake.
Santan Lakeside Estates located in south Gilbert registered 4 property transfers in 2010. The sales prices were $312,500, $277,500, $287,000, and $230,000, one of which was a bank owned lot. The bank-owned lot sale closed escrow at the beginning of the year for $312,500. The subsequent sales were traditional sales with the last one for 2010 in October for $230,000.
For addtional information on available properties , click on receive water ski available properties, or e-mail/call me directly.
3 beds, 4 baths
Home size: 5,150 sq ft
Lot Size: 20,038 sq ft
Added: 05/07/21, Last Updated: 05/07/21
Property Type: Single Family
MLS Number: 6233011
Community: CRYSTAL POINT ESTATES
Tract: CRYSTAL POINT ESTATES
Amazing Custom home in your own gated Championship Private Water Ski lake with private dock. Heated Spa & Pool, commercial mist system, pool air conditioning & mist system. Fire pit system, back yard lake lined Tiki torches propane underground system, 40 ft slide gates at pool for lake view pool, 3 bedrooms + office on main level & 3.5 bathrooms. All bedrooms have private bathrooms, gas fireplaces and outside fire features, fire pits propane driven, game room upstairs with full bar, half bathroom, card room & deck overlooking the water and pool below. Gourmet kitchen with Dacor gas range, beautiful slab granite counters and monster walk in pantry. Full home security system & full property sound system, Property will convey AS IS - 50 Amp service at South side of home for RV hookup.
Listed with Prime House LLC
Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!
Waterfront information can be found at Gilbert Water Ski Property.