Embarcadero is one of Chandler’s luxury waterfront neighborhoods located right across from the Ocotillo Golf Resort. This gated luxury community is made up of 66 single level TW Lewis luxury homes that were built between 2002 – 2003, many with basements. Single level homes on large lots between 1/3 to over 1/2 an acre with 38 of the 66 homes being waterfront property create a relaxed and serene setting for Embarcadero residents. Many Embarcadero homes also have basements. The location is ideal, only minutes from major employers such as Intel, close access to major freeways, highly ranked schools, shopping and community parks.
If you count the individual Chandler waterfront communities, you’ll easily be in excess of 25 Chandler lake communities. Many of them are part of the overall Ocotillo Community Association. Many of these are well know Ocotillo lake communities such as Balboa Point, Embarcadero, Cantabria Shores, Bridges at Ocotillo The Vista at Ocotillo, The Penisula, and Crown Point. This post will give anyone interested in Chandler waterfront homes a good overview of the available options.
The newest Chandler lake community is Fulton Ranch with a range of contemporary home designs that range from Cachet Homes 1,386 sq.ft. condominiums in Serenity Shores up to custom built luxury waterfront homes in The Island at Fulton Ranch. In between, the other Fulton communities include Aegean Cove, Mediterranean, Gallery, and Caribbean that occupy over 520 acres in south Chandler. Students in Fulton Ranch attend Ira A. Fulton elementary, Bogle Jr. High, and Hamilton High School in the highly rated Chandler school district. The property that is now Fulton Ranch was once owned by the Goodyear Tire and Rubber Company which raised cotton for the fiber necessary for tires. Fulton Ranch is also close to the many semi-conductor industries such as Intel, Microchip Technology, and Freescale Semiconductor which collectively employ over 12,000 workers in the Chandler area.
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.
Ocotillo Lakes amenities among the best
Besides having some of the most prestigious waterfront neighborhoods in the valley, the Ocotillo Lakes area of south Chandler ranks high in academic acheivement, and provides many family centered activities, and low crime rates compared to national standards and some of the lowest in Chandler.
Lagos Vistoso in Chandler has over 170 Waterfront Homes
Lagos Vistoso, one of the newer waterfront communities in the east valley, was built by Pulte Homes between 2003 and 2005. With over 170 waterfront lots, the community has a high ratio of waterfront homes to total community homes at approximately 40%. Lagos Vistoso homes range in size from 1,300 sq.ft to over 3,100, and surround 13 separate bodies of water. The 202 Santan freeway is 4.5 miles to the north, and the Chandler Fashion Square Mall is less than 9 miles away.
Waterfront home incremental market value
I received a call from another agent asking what the incremental market value was of a waterfront or lakefront home versus a similar home not on the water. In many of the tax records, it discloses a premium paid by the original owners. The initial lot premium for a waterfront lot charged by builders in The Islands and Ocotillo Lakes might range from $30,000 – $45,000, which represented more than 10% of the initial home cost. While the builder was able to charge a premium for the lakefront lot, it would be interesting to know how the resale market values a waterfront home.
Chandler Lakefront Luxury Homes
For over a decade, the Ocotillo Lakes area in Chandler has been home to some of the most cherished Chandler subdivsions and waterfront homes. With such employers as Intel, Orbital, and Motorola and other semi-conductor companies, Ocotillo Lakes provides a short commute, highly rated schools and well manicured homesites. Ocotillo lakes includes 167 acres of interconnected lakes and waterfeatures.
Those who appreciate homes on larger lots and enhanced curb appeal with a great selection of single story and two story luxury waterfront homes must add Pinelake Estates to their itinerary. It is complemented by the Chandler city park that creates a gathering place where families can enjoy the playground, volleyball and basketball court.
Hamilton High School is less than a mile way and the 202 freeway is just 3 miles to the north. You won’t have to venture far with the recent addition of retail shopping at the intersection of Arizona Ave. and Ocotillo. The ever popular Chandler Fashion Center is a quick 7 miles away. The south Chandler area has become home to many high tech semi conductor companies including Intel which are major employers in the Phoenix area. Again proximity to work with a 3 mile commute from Pinelake Estates to Intel is extremely enticing.