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Old 01-16-2015, 08:12 AM
 
148 posts, read 197,652 times
Reputation: 55

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There is a new mixed develeopments coming up in Flower Mound (Intersection of 2499 and Gerault). There will be restaurants, class A offices, town homes and 970 apartments.

I am interested to build on 60' lot in the Lakeside community but little concern with the impact of southgate community specially the huge influx of apartments. There are already apartments in the lakeside community. How will the schools be impacted?

Any thoughts?
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Old 01-16-2015, 11:23 AM
 
Location: Shady Drifter
2,444 posts, read 1,732,782 times
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I'm thinking of purchasing in the Lakeside, but the homes are very expensive relative to other homes in the area, and I'm unsure how successful such a mixed-use development will be in Flower Mound.

I'd be wary of purchasing anything in there.
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Old 01-16-2015, 01:02 PM
 
216 posts, read 248,994 times
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Location is main pro for Lakeside.
You can walk out of your home and go running around Grapevine lake.

But I agree prices are high and getting on the highway through 2499 is a mess (probably will be until 2017 when the toll lanes will be complete).
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Old 01-16-2015, 01:11 PM
 
168 posts, read 325,157 times
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I really only see positive things with this development that will hopefully bring more entertainment / retail / food options all within walking distance. The apartments will have little effect on the schools based on the demographic of the people it will attract.

The single family home's have increased in price (from Phase 1) by 10 - 15% in the community and I can't imagine it slowing down. American Legend is already sold out for Phase 2 and will have a big bump up in price for Phase 3. Watch out for Phase 3 lots if they fall under Tarrant County (higher taxes compared to Denton County).

Not sure what the previous poster meant in regards to Lakeside being very expensive relative to the homes in the area (not accounting for older homes since its not really a similar comparison) - there is no other new home community that is less expensive right now. Toll Brothers have two different communities that start at mid 500's and Belclaire and Southgate Homes are building for 700's.

The prices here are actually LESS (price per sqft) than the comparable new home communities in Coppell. Both areas will sell quickly; location and schools are biggest draw and don't really see prices going down but rather keep going up.
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Old 01-16-2015, 09:00 PM
 
Location: Shady Drifter
2,444 posts, read 1,732,782 times
Reputation: 4060
What I meant was I can buy 2600SF in Lakeside for $405,000 or more, or I can go less than a minute up the road and get 3100SF or more for $350,000.

And I'm not sold on Lakeside being that successful as an actual place to live. As a shopping destination, sure.
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