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Old 06-10-2014, 06:29 AM
 
7 posts, read 10,622 times
Reputation: 11

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Hi everyone. We have a contract for an expensive house in waters edge in rowlett and are second guessing. It's a nice neighborhood, all unde construction, on the lake and hated. Howeve this house is a want not a need ... We wanted a much bigger house and one that is in a true neighborhood so our two young kids (5&8) have someone to playwith. We live on two acres in Sachse...no kids ever outside, older neighborhood.

So my concerns are if this neighborhood is too expensive for young kids (so far seems mostly older folks), should I worry about lake levels and property values, and that most of he waterfront sold quickly but nothing else is moving. Reminds me of the gated neighborhood north of Campbell in garland where there are lots of foreclosures and folks want too much and can't sell, hills of Breckinridge I think it is called.

Oh yeah, and its Lennar. And did I mention he drought?

It's 4100 sq ft, on the water technically can build a dock but there are trees and land between the houseand water so it's not like its a great water view. Gated, Water fronts are 500 to 600k and the interiors are high threes to maybe 475k

Does anyone know anything about this community and how it is really doing, if I should be concerned vs what the builder reps say?

Thanks!
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Old 06-10-2014, 06:31 AM
 
7 posts, read 10,622 times
Reputation: 11
Gated, not hated... Sorry!
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Old 06-10-2014, 02:47 PM
 
3,029 posts, read 7,419,682 times
Reputation: 3224
We have friends (neighbors who currently live across the alley from us) building a lakefront home there right now. I've seen the homes and frankly think they are a bit overpriced, though quite nice. That part of the lake is heavily wooded and shallow, with very little boat activity due to the many logs and trees there. Definitely not the prettiest part of the lake. If you want to be on or next to Lake Ray Hubbard, there are much better choices IMHO. Maybe not any new homes on the water that are cheaper though.

Oh yea, they are in their late '50s and empty-nesters.
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