| Name: |
Feb
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| Subject: |
Water's Edge in Parker Creek
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Date:
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8/22/2006 10:17:06 AM
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Don't know if it is the name of the proposed development but Water's Edge LLC is the name of the developer. I am hearing the developer will be building a multiple home development on the property that sits directly across the lake from Veasey's Marina. Its the property where the Narrows are. Anyway. Those houses will all be 1600 Sq. Ft. and start at $975,000 up to $1,500,000 depending on what upgrades you put in the interior.
I will try to find out if it is condos or single family homes. Also, do not know number of units, but there is not a lot of water frontage involved.
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| Name: |
TotheLake
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| Subject: |
Water's Edge in Parker Creek
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Date:
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8/22/2006 10:23:20 AM
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I wonder if this is the property that is about 4 lots down from us. Can you email me and let me know where you found this out?
Thanks!
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| Name: |
Osms
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| Subject: |
Now this is SPEC BUILDING!!!
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Date:
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8/22/2006 10:29:01 AM
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| Name: |
boataholic
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| Subject: |
Now this is SPEC BUILDING!!!
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Date:
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8/22/2006 10:45:34 AM
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Smart SPEC building. People will pay ridiculous prices for "new with a view" surrounded by other new houses. Consider The Village, on the south end of the lake. It is simple 1500-1600 ft houses on lots that might be 50 ft. Barely enough room for guests to park. Started out early this year in the high 400's. Sold fast so they raised it to the 500's. The next phase won't be built until next May and many are already sold for 600-700-800 and even one for 999. The Parker Creek property is a vastly superior location.
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| Name: |
boataholic
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| Subject: |
Water's Edge in Parker Creek
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Date:
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8/22/2006 10:46:31 AM
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I heard they were going to be single family houses, three stories high, top floor all glass.
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| Name: |
Osms
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| Subject: |
Now this is SPEC BUILDING!!!
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Date:
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8/22/2006 10:56:51 AM
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The Village will have 177 units, I believe. Wonder how valuable the last hundred or so homes will be and will the first 77 hold their value when the overcrowding becomes a fact. Most of those homes will NOT be waterfront.
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| Name: |
boataholic
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| Subject: |
Now this is SPEC BUILDING!!!
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Date:
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8/22/2006 11:21:13 AM
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Hmmm, didn't know that. Will be real interesting to see what they charge for non-waterfront. I'm always fascinated what people will pay for built and ready to move in vs. raw land you hire and build it. There is a gentleman in Indian Shores who has been trying with no luck to sell off water lots with water access for decades. Few takers, even at around 10,000 per lot.
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| Name: |
Osms
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| Subject: |
Now this is SPEC BUILDING!!!
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Date:
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8/22/2006 11:48:42 AM
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Look at Stillwaters. Been there for 30 years--offers golf course lots, is well kept, and yet the interior lots haven't all sold--in thirty years. You can buy a lot there real cheap. Another interesting development will be The Preserve, which has interior lots--don't believe they've built any interior homes yet.
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| Name: |
longtimer
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| Subject: |
Now this is SPEC BUILDING!!!
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Date:
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8/22/2006 12:02:52 PM
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I have HEARD-- just a rumor, I'm not saying that it's true-- that to buy a lot in the newest phases of the Ridge (the ones on the road to the old sailboat club) that you are REQUIRED to buy the off-water lot on the other side of the road, and that they are calling them "a perfect place to build your guest house." If that's true, it means that Russell is having no more luck selling interior lots than anyone else... and that wouldn't surprise me one bit.
I wonder what Lake Martin would be like now if people had listened to the voices in the wilderness who were warning us about this sort of rampant, BAD development?
(Explaning what I mean: development is natural, and not all bad, but what we are seeing is building something just because no one has built anything there yet. All that will accomplish in the long run is to put some dollars in the original developer's pocket; down the road, all the reasons people are willing to pay so much will be gone.)
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| Name: |
Feb
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| Subject: |
Water's Edge in Parker Creek
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Date:
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8/22/2006 12:34:20 PM
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Yes, I have heard single family places and the area will also include the small island. I would hope they were not three stories with only 1600 sq. ft., but what do I know. (?)
I would not want all those stairs to climb.
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| Name: |
Osms
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| Subject: |
Now this is SPEC BUILDING!!!
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Date:
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8/22/2006 1:08:50 PM
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My source told me that Russell is trying to sell blocks (several lots) of land and the buyer/builder has to take a certain number of interior lots to get the waterfront. Otherwise I guess The Ridge would be like Stillwaters - $500,000 for waterfront, $5,000 for interior.
Does Russell even plan to offer lots to individuals??
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| Name: |
longtimer
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| Subject: |
Now this is SPEC BUILDING!!!
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Date:
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8/22/2006 1:29:58 PM
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I know that they are (or were) offering lots to the people who were displaced by the newest phases. Other than those people, I don't knoiw.
If it's true that they are only offering large blocks of land, then I think we can do away with the notion that they are developing "responsibly." Large blocks of land mean one thing: more multi-family dwellings, which means even more people, more boats, more environmental impact and-- to some of us, anyway-- more eyesores.
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| Name: |
Osms
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| Subject: |
Now this is SPEC BUILDING!!!
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Date:
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8/22/2006 1:43:09 PM
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"Large blocks" means several lots to one builder/developer--with restrictions on what can be built. I'm sure you know that only 12 contractors are approved to build in the Ridge, and I believe whoever buys the tracts of lots will have to use these builders. BTW, condos are under construction in The Ridge now.
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| Name: |
roswellric
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| Subject: |
The pressure is on
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Date:
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8/22/2006 1:50:10 PM
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Russell from the builders in the program. They ran out of lots quickly in the Ridge and have no other lots for sale yet. If you are going to keep good builders you have to keep them supplied with lots to keep their subs busy. Builders can't lose their subs or they will be out of biz.
Now on the flip side, the lots are so scarce they might feel they can tie the interior lots to the lakefront. So I wouldn't be surprised if they did that. I would if I were in their shoes. Incidentally makes existing lots without the strings attached more valuable....
Irony is that I think a slowdown is coming about the time these lots will be underway. A smart builder would try to get some flexiblity in how fast they have to take down these blocks.....
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| Name: |
Osms
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| Subject: |
The pressure is on
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Date:
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8/22/2006 4:57:13 PM
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I would like to see what the inventory of new spec homes is at The Ridge. I suspect the existing builders are having trouble unloading some of their inventory at the inflated prices quoted at the Parade of Homes. Maybe they aren't in such a hurry, plus most of the builders are out of town-B'ham, Montgomery, etc.
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| Name: |
boataholic
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| Subject: |
The pressure is on
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Date:
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8/23/2006 8:40:55 AM
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Only 10 in The Ridge listed on the MLS site. Not counting the listing for a 4000 ft million dollar townhouse.
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| Name: |
Bob
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| Subject: |
Water's Edge in Parker Creek
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Date:
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8/23/2006 10:19:51 AM
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First of all, OSMS you are not correct about 177 homes being built in The Village. There are 15 waterfront homes in phase one and 12 in phase 2. There may be 35 total at completion on the water. There is a villa being built off the water with about 15 units. Beyond that, there is not enough land to build many off water homes even if they were desired. I own one of these homes you are poking fun of and i have owned on the lake for quite some time. The quality is excellent with all of the interior amenities of homes in the ridge in an 1800 sq ft package with no yard maintenance and almost no exterior maintenance. I have a great dock and floating dock with 20+ ft of waterfront at full pool. I also have 100ft of waterfront and most lots are atleast 80ft+.
The design of the community is well thought out with a pool on the way as well. I think the area is quite nice and based on the demand so do others. If I could have afforded the Ridge I'd be there but I quite like my little cozy cottage on 100ft of deep water with a big water view. My hardwood floors, granite countertops, hardwood ceilings, Stone fireplace, 4 bedrooms and 2.5 baths ain't bad either. Just thought I'd post as a fan of these annoying little neighborhoods you so love to berate...
Bob
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| Name: |
Bob
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| Subject: |
Water's Edge in Parker Creek
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Date:
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8/23/2006 10:21:44 AM
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in my last post I meant 20ft deep at full pool...sorry...
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| Name: |
Pier Pressure
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| Subject: |
Water's Edge in Parker Creek
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Date:
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8/23/2006 1:28:02 PM
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Someone who is wealthy enough to belittle those with a $300,000.00 - $500,000.00 home really needs to find a life. MOST people do not have multiple homes, let alone their second home having this kind of value. Most persons on the lake are elitists by definition. I say this because to purchase a home of this value you must be earning more than 95% of the population. If you want to trash all of us “poor” people and how we live go ahead. Soon your ridiculously over-inflated property value will fall back to semi-reasonable and we will have to hear you whine about it.
My lake house is only around 350 useable square feet. It usually sits in 25-35 foot of water. If I want 100 feet deep, I can have it. My water-front spans 700 miles, and I could enjoy all 700, if I so desire. I have most amenities of other lake homes, but all my neighbors, the community store, and the gas station are all within a stones throw from me. I know a large majority of my neighbors by name, and have spent a good amount of time with each. Although some consider our area trashy, we all have financial commitments to our desired lifestyle. The amount we spend for this lifestyle could equate to a nice home on the lake, we just have chosen a different route. So, go ahead and talk down to MOST EVERYONE ELSE on the lake because our houses are not 4000 sq ft + 1,000,000.00 mansions. Be happy with what you have for Pete’s Sake and stay hidden behind your gate, fence, and guard shack. Who are you defending it against? The wildlife???
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| Name: |
roswellric
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| Subject: |
Water's Edge in Parker Creek
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Date:
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8/23/2006 2:19:51 PM
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You'd make a good houseboat captain. Hey! if you don't like the view then just crank 'er up.
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| Name: |
Pier Pressure
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| Subject: |
Water's Edge in Parker Creek
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Date:
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8/23/2006 8:28:17 PM
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You are very close in deed... my 350 square foot home happens to be a Sea Ray Sport Cruiser :-)
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| Name: |
Osms
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| Subject: |
BOB & PIER PRESSURE
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Date:
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8/23/2006 11:42:32 PM
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Sorry for the delayed response. I'll respond to each of you in turn. Bob, the information about The Village that I posted came from a friend who is a sub-contractor for The Village. Since I'm sure you have investigated the project prior to purchase, your information must be true. I have driven through The Village and boated past and I too am impressed with the construction and if you read my post that referenced The Village, you will not see any disparaging remarks other than the density of units. By the way, there are already a few houses built off the water--will there be more?
PP, I am not the zillionaire you inferred in your post. I live on the lake on an APCO lot just like you could do if you decided to swap your boat for a cabin on an APCO lot. Most of my comments on the forum have been about poor design of the projects under construction around the lake. If the design results in the owner/developer maximizing his profits at the expense of the rest of us--then I will continue to mention that fact.
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| Name: |
Bob
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| Subject: |
BOB & PIER PRESSURE
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Date:
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8/24/2006 10:32:55 AM
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Osms,
Sorry if I misread the tone of your post. I know there is currently one off the water home and there are plans for some more on the hill behind the waterfront homes. I think the whole porject is about 15acres so there won't be many. I compare this development more to the condos and that is where I see significantly more value for close to the same price...
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| Name: |
Osms
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| Subject: |
BOB
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Date:
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8/24/2006 10:51:14 AM
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If the project is only 15 acres then I am certainly misinformed. The sales trailer is way away from the project and the cost of the roads alone seem to make the project very expensive for that limited number of homes. The quality of the home's construction is very good as well as the styling. You do have good deep water (60 ft in the middle of your slough) and real close to lots of activity, if that's what you're looking for.
Sorry I offended, but we all need to be wary of some of the planned projects on the lake. Overcrowding will ruin it for all of us.
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| Name: |
Lake Guy
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| Subject: |
Now this is SPEC BUILDING!!!
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Date:
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8/24/2006 11:04:12 AM
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This can not be true. I heard they are offering "water access" lots that are off water. It is true they would be ideal for a guest house or the family compund concept.
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| Name: |
CUL8R
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| Subject: |
IT IS TRUE
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Date:
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8/25/2006 3:53:25 PM
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HERE IS WHAT THEY SAY: "THE FOURTH AND FINAL REQUIREMENT IS THAT THE FINAL LOT DESIGN FOR THE RIDGE PROVIDES FOR WATER FRONT LOTS AND WATER ACCESS LOTS IN TANDEM ALONG THE NEW ROAD. WE BELIEVE THAT THE LOTS WORK TOGETHER TO PROVIDE AN ESTATE HOME ON THE WATERFRONT AND A GUEST CABIN ON A WATER VIEW LOT THAT MAY ONLY BE PURCHASED TOGETHER."
I ASKED IF THAT MEANT THAT I HAD TO BUY AN OFF-WATER LOT IF I WANTED TO BUY THE ON-WATER LOT AND THEY SAID YES.
P.S. AS FAR AS I KNOW THIS IS A NEW RULE AND ONLY AFFECTS LOTS IN THE NEW PHASES WHICH I DON'T BELIEVE HAVE BEEN OFFERED TO THE PUBLIC YET.
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| Name: |
Osms
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| Subject: |
IT IS TRUE
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Date:
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8/25/2006 6:44:15 PM
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Wonder if you can separate the lots and sell off the off-water lot.
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| Name: |
CUL8R
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| Subject: |
NO
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Date:
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8/26/2006 12:47:41 AM
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NO FLIPPING FOR AT LEAST THREE YEARS UNLESS YOU FIRST OFFER THE LOT BACK TO RUSSELL FOR THE ORIGINAL PURCHASE PRICE.
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| Name: |
longtimelaker
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| Subject: |
Water's Edge in Parker Creek
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Date:
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8/26/2006 1:17:59 PM
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Where is this proposed development located? The Narrows are not dircetly across from Veazy's Marina. The Narrows are further west of Veazy's toward Oakachoy Creek.
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| Name: |
Feb
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| Subject: |
Water's Edge in Parker Creek
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Date:
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8/26/2006 2:32:58 PM
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Veazey's is before you enter into the Narrows headed toward Oakachoy away from Scrushy's old place on the same side. You are correct in that it is before you hit the narrows. Oakachoy is North West of Veasey's.
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| Name: |
longtimelaker
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| Subject: |
Water's Edge in Parker Creek
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Date:
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8/26/2006 5:22:28 PM
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Where is the new development in Parker Creek supposed to be? An earlier thread mentioned property across the small slough where Terry Henley built those two or three houses. This location is across from Veasy's. Is that the correct proposed location?
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| Name: |
Feb
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| Subject: |
Two Different Developments
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Date:
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8/26/2006 6:34:33 PM
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The one close to Veaseley's has been acquired by Water Edge LLC for development. I do not know the planed size, but understand the places there will be approx. 1600 sq. ft. with the range in price from the high $900 thousand to $1.5 million depending on how they are up-graded.
The second place had also been discussed on the Forum, and it is named Bolton Cove and is closer to Needles Eye. It is the one closer to Mr. Henley's Home, and it has been mentioned it is in the same sleugh where Mr. Henley recently developed three homes. There is a web site for this development. You can serch "Bolton Cove" on the Forum and find the web address. I believe the web site mentioned 25 homes, and I do not think they were all water front.
The above is a synopsis of what I have heard and recall from recent post. You may want to go back and read the different threads for additonal information and possible corrections to my recollection of those post.
Hope this helps.
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