Waterfront or lakeside living is a hidden gem in the Phoenix area representing a very unique type of real estate for a desert environment. It represents less than 1% of the residential homes in the area and often overlooked by many potential buyers. Waterfront property can be categorized as waterview or waterfront where truly waterfront homes have better access to the lake and the activities that are allowed on the lake. Awesome lakeside views are another advantage that this unique real estate can provided.
One of the three water ski lakes in Gilbert is Playa Del Rey Estates, a short 20 minutes from Sky Harbor Airport. Another reason to give this lake community further consideration is it offers a wide range of recreational water activities. While other ski lake communities are specifically designed for slalom skiing, Playa Del Rey Estates allows jet skis, wake boarding, kayaks and paddle boards. It is the shortest ski lake community in the Phoenix area.
Hidden in the west valley are two water ski communities; Spring Mountain Ski Ranch and Lakeside Ski Village. Spring Mountain Ski Ranch was established in 2005 with initial sales of the one acre lots between $250K – $385K. After surviving the real estate down turn along with recent improvements, SMSR is a water ski community that has become a community that is attracting a lot of attention.
Gilbert is home to three water ski communities; SanTan Lakeside Estates, Crystal Point and Playa Del Rey Estates. Nestled at the foot of the San Tan mountains is SanTan Lakeside Estates, home to the most expensive luxury water ski homes in Phoenix.
A common question I receive about waterfront property is,”Can I boat on the lake?” Many waterfront owners want to use a pontoon boat or a kayak and enjoy boating from a dock in their backyard in the desert! Some may not. A previous post discussed how to determine if a lake allows boating. Now let’s take it a step further and list the best residential lakes in Phoenix for boating.
Gilbert Arizona continually ranks high as a preferred Phoenix suburb. For those with an eye for waterfront homes, it also draws their attention since Gilbert has more lake communities than any other Phoenix city except Chandler. Gilbert offers a range of waterfront opportunities that includes townhouses, single family dwellings, water ski and wake board property and lakes that allow pontoon boats and canoes.
Determining if a Phoenix lake community allows boating
One of the most frequently asked questions I recieve is “Does this lake community allow boating?” The second most frequent question is “How big is the lake?” We’re going to answer both of these questions. Previously, I’ve attempted to make a list of lakes where boating, kayaking, and canoeing are permitted and which lakes are larger and more conducive to boating. I’m going to share some tools with you so that you can answer these questions.
Sometimes a resale is just not what a waterfront home buyer is looking for. This leads to the question, “What waterfront lots are available?” There are two paths to go down. Find a waterfront lot that allows a custom home or look for a newer lake community that still has lots available and find out if the builder has any lakefront lots available to build one of their floor plans.
Waterfront Homes and communities that allow boating
As with a search for any home, Phoenix area waterfront property buyers have their criteria that best describes their dream home. When describing Phoenix real estate waterfront homes, there is an additional parameter that is often important; a lake that allows boats. Instead of going to a park, a waterfront home owner may decide to go “crusing” around the lake. Some communities allow boats and some do not. Most lake communities only allow pontoon boats that are powered by electric motors. To enjoy a true motor boat ride you’ll have to choose from one of the six water ski communities in the valley. Even if the community does allow boating, make sure and verify that the body of water to which you’ll have access is large enough for that occasional boat ride. For an updated post on this subject, go to residential lake communities that allow boating.
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.