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.
East Valley Water Ski Lake Communities
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.
Boating on Phoenix Residential Lakes
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.
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.
Sometimes you swear at them and sometimes you swear by them
Let’s face it, if you are considering purchasing a home in the Phoenix area; whether it be Avondale, Scottsdale, Gilbert, or Gold Canyon, you will have to come to terms about buying a home that is part of a Home Owners Association. When a buyer purchases property that has an HOA, they automatically agree to abide by the governing documents which are the CC&R’s; Conditions, Covenants and Restrictions. While many CC&R’s are typically very boiler plate, it is a good idea to review them and make sure there are no hidden surprises. Even better, talk to your future neighbors and inquire about their experience.
If you are looking to speak out against HOAs, you’ll have plenty of company because at times they do some pretty dumb stuff and deserve the criticism. At the same time, attend any of the regularly scheduled meetings and see how many residents come to participate, offer suggestions and be involved. That number is in the single digits and I’m estimating on the high side. If residents are concerned or upset, they should get involved, contribute, and help shape the neighborhood. I’ve gotten a little upset over a couple of letters I received that I thought were unneccesary, but I also remember being thankful when a neighbor’s mother came to visit for a while in her aged travel trailer that was definitely an eye sore! I’m glad they did the dirty work of letting the neighbhor know that is not allowed. Like I said, sometime you swear at them and sometimes you swear by them. For a more legalistic viewpoint, here’s a link to a website explaining homeowner’s rights.
A Phoenix water ski home or lot is a unique type of Arizona real estate. Man made with one of Arizona’s most precious resources there are only 6 water ski communities in the valley. Ready for some Phoenix water ski real estate trivia? How many waterski homes / lots are there in Phoenix? See the answer at the end of this post. Right now we’re going to look at a recap of the activity and sales of homes and lots during 2009 and year to date in 2010.