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, 6 baths
Home size: 5,744 sq ft
Lot Size: 19,995 sq ft
Added: 11/04/23, Last Updated: 11/10/23
Property Type: Single Family
MLS Number: 6626871
Community: CRYSTAL POINT ESTATES
Tract: CRYSTAL POINT ESTATES
Grand and opulent, this Tuscan style home in the idyllic setting of Crystal Point Estates is awe-inspiring with waterfront views, private boat dock, beach, and private lake for waterskiing. Spectacular details abound in this beautifully designed Tuscan Style home and the waterfront views are magnificent. You are going to be in love at first sight. Offering ultimate privacy in the heart of Gilbert, this turnkey home is being sold fully furnished, except for select pieces by the seller, a list to be provided. The Boat is not included but can be purchased via a separate bill of sale. The magnificent backyard offers everything you could ask for: Misting system, Tiki Torches, firepit, private pool with a firepit and fenced, ''all'' brand new pool equipment, heated hot tub, dog run, see more
Listed with Coldwell Banker Realty
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.