| Name: |
Edge
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| Subject: |
Construction off Hwy 280...
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Date:
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1/25/2008 10:54:26 PM
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...bridge beside Frankies. They have been grading the hill down and look to be almost complete. Does anyone know what they are going to put there? Residential or Commercial?
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| Name: |
Maverick
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| Subject: |
Construction off Hwy 280...
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Date:
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1/25/2008 11:18:42 PM
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My understanding is they (developed from ATL that originally built the existing condos) were going to build more condos. But appears the construction as stopped. As have not seen any work going on for about 3 months or so. They also tried to purchase the Elks Lodge property and they would not sell. - HEY !!!!
And they paid a major premium for the land. Heard the little white house which use to sit at the rivers edge and basically very little property held out for around $1.0 million or so.
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| Name: |
Maverick
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| Subject: |
Construction off Hwy 280...
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Date:
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1/25/2008 11:19:23 PM
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HEY was suppose to be YEA !!!! -- LOL. Sorry.
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| Name: |
Maverick
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| Subject: |
Guess I Was Wrong
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Date:
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1/27/2008 12:04:46 AM
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Just show this ad on the website. Hope they do not presell. Tired of Condos after Condos being built on the lake.
Think we should all email sales@championdevelopers.com and tell them to take thier condos back to Atlanta and Lake Lanier and quit overcrowding Lake Martin with these high density developments.
Wonder if they have obatined permission for the docks as I have auto emails for all motions filed with FERC and I have not seen anything filed seeking approval for the docks which will be required.
Guess it is time to call APCo and ask them if their docks have been approved (as currently one dock allowed per 100 feet -- unless approvced by APCo) and if not tell them we are all going to file a motion to intervene with FERC to stop the approval of anymore high density development docks.
Their Website state the following.
The Lighthouse at North Lake Condos
An exclusive lakefront condominium project on Lake Martin in Alexander City, Alabama.
Building #1 or A has 9 units. There are three 3-bedroom/2-bathroom condos on each floor. Unit sizes range from 1,250 square feet to 1,500 square feet. Prices range from $348,000 to $389,000.
Building #2 or B has 14 units. There are four 3-bedroom/2-bathroom condos on the ground floor. There are five 3-bedroom/2 bathroom condos on the 2nd and 3rd floors. Unit sizes range from 1,250 square feet to 1,500 square feet. Prices range from $385,000 to $430,000.
Building #3 or C* has 14 units. It features 3-bedroom/2 bathroom condos. Unit sizes range from 1,250 square feet to 1,500 square feet.
For more information about this exciting condo project and great investment opportunity, please contact our office at (256)825-6681 or by e-mail at sales@championdevelopers.com.
* Building #3 or C is currently unavailable.
THE LIGHTHOUSE
The Lighthouse is Phase Two of this master planned condominium community and is located directly on the northern end of Lake Martin in Alexander City, Alabama.
In keeping with our commitment to sound architectural and construction principles, The Lighthouse is both innovative and well-designed. It was designed by ARCNET Architects and will be built by Petry Construction, both of whom have achieved previous success working together as a cohesive team on other residential and Lake Martin projects.
Three buildings arranged in an attractively landscaped resort atmosphere will each contain nine or fourteen residences ranging from 1,250 to 1,500 square feet, all with full views of Lake Martin. These units feature large open concept floor plans with 9-foot ceilings and elegant interior and exterior architectural details. Attached single-car garages plus additional parking, lake-view balconies, convenient elevators, shoreline walking paths and a private pool with hot tub for each building will please all homeowners and their guests.
The Lighthouse is a complementary addition to the lakefront living started in Phase One at The Club. The Lighthouse offers exclusive, low maintenance lake living on one of the South’s most beautiful recreational lakes, central Alabama’s Lake Martin. The Lighthouse is an ideal destination for fun-filled weekends and vacations.
Phase 1, The Club at North Lake Condominiums produced tremendous results and features some of Lake Martin’s newest vacation condominiums. Phase 2, The Lighthouse at North Lake Condominiums, will be even more appealing to vacation homeowners. Buyers seeking more intimacy and privacy in their Lake Martin vacation home will find The Lighthouse irresistible. The Lighthouse condominiums will sit directly on the water and owners will be delighted with the waterfront views.
Life awaits you at The Lighthouse. You are invited to experience all that we have to offer by calling for an exclusive tour or simply stop by for a visit. We hope you decide to stay.
URL: Lighthouse Condos
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| Name: |
LifeTime Laker
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| Subject: |
Guess I Was Wrong
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Date:
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1/27/2008 8:53:28 AM
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I am pretty sure this was all approved at the outset Mav. The plan from the beginning included the phase two, or so I have been told anyway. Phase three would be the Elks lodge property, but so far they have held out, although they were made a VERY generous offer. A few of the younger Elks even tried to stage a coup-de-tat in order pass the vote to sell. The main reason being that the developers were going to build the Elks a new building PLUS pay a premium for the property.
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| Name: |
boataholic
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| Subject: |
Guess I Was Wrong
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Date:
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1/27/2008 9:47:39 AM
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I though there are plenty of phase 1 units for resale, so why would they would go ahead with phase 2 right now?
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| Name: |
Feb
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| Subject: |
Guess I Was Wrong
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Date:
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1/27/2008 10:01:57 AM
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Hey boataholic, Have you heard anything about what is going on at Bolton Cove. In early December, there was two huge tanks laying on the ground at the site. I assumed they must be for the septic system???
I did not see much if any progress at Eagle's Point either.
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| Name: |
DroughtBuster
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| Subject: |
Guess I Was Wrong
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Date:
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1/27/2008 11:46:51 AM
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With the realestate market the way it is and the overstock of properties available you would have to be braindead to build more. Before long we will have 10 vacant building sitting around the lake and that is bad for all property owners. Seems like somebody would regulate this situation and save the lakes future. Oh well, guess not...
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| Name: |
boataholic
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| Subject: |
Guess I Was Wrong
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Date:
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1/27/2008 7:31:03 PM
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Haven't heard anything, but I can offer observations and speculation :-). The construction on the foundations for the second and third houses at Eagles Point stopped back in the fall. They have continued to work on their septic project at the top of the hill on the opposite side of county road 20. A little over a week ago they were pouring concrete for tanks.
As for Bolton Cove, I haven't stopped to look since the fall when they had roads paved. They have some very narrow drives near the building site closest to the water. I had trouble turning around in a small car. Also, back in the fall when they dug up the edge of county road 20 to put in the big concrete culverts they kept digging on up the opposite side of the road up the hill to where the Eagles Point septic system is. Both are Russell developments so I assumed they are sharing a septic system.
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| Name: |
Feb
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| Subject: |
Makes You Wonder
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Date:
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1/27/2008 9:36:23 PM
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| Name: |
John C
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| Subject: |
Bolton Cove / Eagles Pt
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Date:
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1/28/2008 1:49:49 PM
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FYI these are not Russell Lands developments. A RL agent is the listing agent on them, last I heard. Big difference. Just because a RL agent is the listing agent does not necessarily mean that it is a RL development. Who knows, maybe RL could buy out these 2 and develop them in the future. But right now, to the best of my knowledge, they are not owned by RL.
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| Name: |
Feb
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| Subject: |
Bolton Cove / Eagles Pt
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Date:
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1/28/2008 2:06:43 PM
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You are correct John. I have heard the names of the two different developers, and as you stated they were not Russell.
Do you have any updates or knowledge as to what the future is for the two developments in question. I love the view from Eagle's Point, but in my personal opinion, for the money, it is about all it has going for it.
I do believe the original land tilte may of been Russell or a separtate party. My understanding is Alabama Power Company property is not allowed to develop in such a manner.
This is one of the reasons folks need a good realtor so they can be advised of the various agendas to home ownership with purchase. I have heard the people over in the Real Island area are fit to be tied with what is happening there, and it is outside their control.
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| Name: |
Ulysses E. McGill
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| Subject: |
Bolton Cove / Eagles Pt
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Date:
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1/28/2008 2:44:30 PM
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Whats happening on Real Island and who is tying up whom?
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Any thongs involved?
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| Name: |
Feb
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| Subject: |
PS
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Date:
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1/28/2008 3:12:57 PM
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Man, you need to keep your eye on the runway and your mind out of the gutter. LOL
I don't know the particuars on Real Island. Maybe someone else can jump in and clarify things.
At the one HOBO meeting I was alble to attend (the meeting at the Elk's Lodge) there was a gentlman there with numerous concerns about the Real Island area of the Lake. I gather this was not formally AL Power Co. property, and there are no restrictions on development there. All I can assume is the worse. Of course, this is part of my nature.
I could see the worse in any situation like either Mav or Cat in a thong. I hope to skip those meetings.
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| Name: |
TotheLake
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| Subject: |
The developer for Eagles Point
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Date:
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1/28/2008 5:25:41 PM
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Is The Waters Edge Group. Not sure about Bolton Cove.
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| Name: |
boataholic
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| Subject: |
Bolton Cove / Eagles Pt
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Date:
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1/28/2008 5:32:38 PM
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Someday I will learn not to speculate and post.
Here is a factual quote from the Bolton Cove website: "Construction is underway on the first 3 homes and Show Home scheduled to be ready in Spring 2008." I'll have to make a detour this weekend to see what they are doing.
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| Name: |
Feb
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| Subject: |
The developer for Eagles Point
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Date:
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1/28/2008 5:53:00 PM
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If I recall correctly you and boatacholic are spouses. Correct me if I am wrong.
You have to forgive me since I am getting old and senile if I am wrong..
We went by both sites on our last trip down in Mid-Dec. There was not much going on if anything at either place. (Bolton Cove or Eagle's Point)
Eagle's Point had one home built. It is sold and is a model home. We were not impressed in the least with what yuu would get for the bucks. There were a lot of stairs and small chopped up rooms in our opinion. But, you know how opinions are and they can keep you out of legal problems. Especally when you are old and senile like I am. LOL
There was the foundaions started of two other houses, and they seemed to be of very small footprints. I have their sales brochure in my truck. I think all the homes are rather small in sq. footage. We are discussing plaes with price range around a million bucks and about 2 to 3 thousand sq. ft. . (if my memory seves me correctly).
Bolton Cove has the infrastructure in place to include seawall, roads and etc.. There was no Vertial consrtuction at all. I personllly would not want to own there. It is a terrible area to be squished into. I think there will onlyt be a few homes with water frontage.
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| Name: |
famfun
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| Subject: |
The developer for Eagles Point
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Date:
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1/28/2008 6:57:47 PM
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Long time reader first time poster.
John C thanks for all your informative post. From what liitle bit of info I know your info is always correct.
I recently went by Eagle Point Dev and they just paved the street to each of the lots.
On another though, maybe I am a small thinker but when I first saw the plans for Bolton Cove with the Tuscany style I thought who in their right mind would pay 850k plus for a home with shared boat slips up in a slough without waterfront.
Now, they have totally changed the style of homes they are marketing. Hopefully, they have come down since they have changed the style of homes. But then again they can come down too much with all money they already have invested land seawall roads carrying cost etc. How much longer can they continue without selling any homes. I do not think Russell is marketing Bolton Cove anymore.
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| Name: |
TotheLake
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| Subject: |
The developer for Eagles Point
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Date:
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1/28/2008 7:59:59 PM
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Yes, boataholic and I are spouses. We aren't impressed with Eagle's Point either. We walked through the house that is built back in the summer and it did absolutely nothing for us. The foundations that they have poured for the other 2 houses were done back around Labor Day or before. They have changed the design of both developments since they originally broke ground. Eagles Point was supposed to have more lots than it has now and Bolton Cove was a completely different style than what they have right now. It was going to include a boat valet and a common area with a covered area. Too much money for me to be squeezed into it.
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| Name: |
itisd
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| Subject: |
I don't care for :
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Date:
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1/28/2008 9:45:23 PM
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CONDO DEVELOPERS-- Condo developement will ruin the lake.
The ones that are already in place has ruined the quaintness and pristine views-- No trees in sight- land all butchered up-
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| Name: |
boataholic
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| Subject: |
I don't care for :
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Date:
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1/29/2008 12:11:44 PM
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I agree, and the same goes for developments like Eagles Point and to a lesser extent Glynmere. Trees destroyed, land butchered up, and houses crammed in too close to each other. The shoreline takes on an overly modified, unnatural, artificial look and feel. I actually preferred the run down mobile homes and shacks on the property that is now Eagles Point.
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| Name: |
John C
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| Subject: |
Eagles Pt on MLS
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Date:
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1/30/2008 12:54:27 AM
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As of right now I think there are 2 that are active on the MLS :
1. $1,150k - 4 beds 4.5 baths
2. $1,135k - 3 beds 4.5 baths (site says 3/3/2)
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| Name: |
John C
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| Subject: |
Big shocker..
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Date:
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1/30/2008 1:19:25 AM
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Big shocker that I agree w Feb that a GOOD realtor does a body good. A lazy realtor, .... well.......
For all those who are "surprised that (property) can be developed in this manner" - that former RL and APCo land can be developed into multi-family or some density that is more dense than SFH (single family home):
I also agree - I am constantly surpised myself. But remember these small exceptions to Lake Martin property rules:
1. Yes, almost every inch of WF was owned or is owned by RL or APCo, so they are subject to their deed restrictions. Key word here is almost. Beleive it or not, there are some WF spots that never affected by the big boys. I don't know that this is the case w Bolton Cove and Eagles Pt., but...
2. Even if a piece of prop was owned by 1 of the 2, it still comes down to one major thing: the deed restrictions on the particular deed in question. Hypothetically speaking, APCo could sell 30 lots and intend to restrict them all to SFH through a single recorded doc. But if, way back in 1970, they somehow messed up and did not record the restriction on, eg, lot 30, then lot 30 is not subject to them, no matter that the other 29 are and lot 30 is right next to them.
3. Even though the three Lake Martin counties have come a long way technologically, they are not too far removed from their rural courthouse beginnings. Just because you see something on an online map website don't make it necessarily so. I implore all: "get thee a title search."
This is why it is CRITICAL that when buying real estate, you should seek out a great realtor, a great lawyer, and a great title agent.
Can you buy and sell real estate without them? Sure, it happens all the time. It's a free country.
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| Name: |
TotheLake
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| Subject: |
I believe those are...
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Date:
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1/30/2008 12:20:28 PM
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the 2 houses that were started back late summer around Labor Day and nothing else has been done with them. The foundation for the bottom floor has been constructed (cinder blocks) and that's about it. It looked the same New Year's weekend as it did Labor Day weekend.
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