[Real Estate] $106 Million Sold since January 1st.

October 1, 2019
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Lake Anna Real Estate: Vanishing now… Wait, where did it go?

Sit down for this one.  A whopping $106,052,882.00 of water-oriented residential real estate has changed hands at Lake Anna, year to date. This includes waterfront homes, waterfront land, water-access homes and water-access land, but does not include new construction homes whose value will not hit the market until they are a re-sale or private sales that never hit MLS.  To put this number in context, it dramatically tops total residential sales in the City of Fredericksburg, a popular bedroom community of the Nation’s Capital, with total residential sales volume at $78,341,325.00 since the beginning of the year.

Realtors have started to experience a different dynamic. New listings hit the market and clients with busy schedules from out of the area simply can’t make it down to the lake fast enough to see them. poof… they’re gone and the property of their dreams slips through their fingers.  Or even this… properties that have been on the market for more than a year, suddenly going under contract.  I spoke to an agent recently who set out for showings at 11:00 a.m. on a Saturday. She had just confirmed that all properties she was showing for the day were active as of that morning.  When she arrived at the property that had been on the market for 508 days at 1:00 p.m. that same day, she was greeted by another agent who had just put it under contract in those two hours.

Where is the latest development happening?  According to Real Estate Developer & Broker, Gary Griffith, new construction and commercial development is at an all-time high.  “The times are changing.  New construction and lot acquisitions are soaring.  It’s controlled growth but I don’t see an end in sight.” Griffith is pleased that Cutalong is finally taking form.  Challenged in the past by multiple different owners who he suggests were not properly funded to take on a project of that size, Griffith calls it “a blessing for our community” to have Stillwater Developers as the catalyst for its progress.  More details are expected to be revealed by the end of the year, with prospective buyer previews starting in late October 2019.  Another Lake Anna Development, The Boardwalk Inn, is fully approved, permitting is underway, and ground breaking is expected by late 2019 or early 2020.   Investment opportunities are still available for this project.  Elk Creek Landing is on its way with several homes already built, others under construction, and 30 lots still available, both waterfront and water view, slated to have homes built by Evergreene Homes, and marketed by Lakeside Real Estate.  Sunset Cove started out with 77 lots, and only has 22 lots remaining. The upscale development boasts the only maintenance-free single-family home community at Lake Anna, with an HOA that includes yard maintenance, covered boat slips, walking trails suitable for golf carts, a community club house, full gym and a near Olympic-sized salt-water pool. Property at these developments is selling at a record pace.

Looking at these numbers, you might ask, “Who has won the lottery?”  I’d say all three counties, who will reap additional revenue, which in turn should yield amenities and infrastructure that will only improve quality of life for the residents of these counties.  And, with buyers and sellers pleased with a strong and continually improving economy, they are investing with confidence in Lake Anna Real Estate.

Sit down for this one.  A whopping $106,052,882.00 of water-oriented residential real estate has changed hands at Lake Anna, year to date. This includes waterfront homes, waterfront land, wateraccess homes and water-access land, but does not include new construction homes whose value will not hit the market until they are a re-sale or private sales that never hit MLS.  To put this number in context, it dramatically tops total residential sales in the City of Fredericksburg, a popular bedroom community of the Nation’s Capital, with total residential sales volume at $78,341,325.00 since the beginning of the year. 

Realtors have started to experience a different dynamic. New listings hit the market and clients with busy schedules from out of the area simply can’t make it down to the lake fast enough to see them. poof… they’re gone and the property of their dreams slips through their fingers.  Or even this… properties that have been on the market for more than a year, suddenly going under contract.  I spoke to an agent recently who set out for showings at 11:00 a.m. on a Saturday. She had just confirmed that all properties she was showing for the day were active as of that morning.  When she arrived at the property that had been on the market for 508 days at 1:00 p.m. that same day, she was greeted by another agent who had just put it under contract in those two hours.

Where is the latest development happening?  According to Real Estate Developer & Broker, Gary

Griffith, new construction and commercial development is at an all-time high.  “The times are changing. 

New construction and lot acquisitions are soaring.  It’s controlled growth but I don’t see an end in sight.” Griffith is pleased that Cutalong is finally taking form.  Challenged in the past by multiple different owners who he suggests were not properly funded to take on a project of that size, Griffith calls it “a blessing for our community” to have Stillwater Developers as the catalyst for its progress.  More details are expected to be revealed by the end of the year, with prospective buyer previews starting in late October 2019.  Another Lake Anna Development, The Boardwalk Inn, is fully approved, permitting is underway, and ground breaking is expected by late 2019 or early 2020.   Investment opportunities are still available for this project.  Elk Creek Landing is on its way with several homes already built, others under construction, and 30 lots still available, both waterfront and water view, slated to have homes built by Evergreene Homes, and marketed by Lakeside Real Estate.  Sunset Cove started out with 77 lots, and only has 22 lots remaining. The upscale development boasts the only maintenance-free singlefamily home community at Lake Anna, with an HOA that includes yard maintenance, covered boat slips, walking trails suitable for golf carts, a community club house, full gym and a near Olympic-sized saltwater pool. Property at these developments is selling at a record pace. 

Looking at these numbers, you might ask, “Who has won the lottery?”  I’d say all three counties, who will reap additional revenue, which in turn should yield amenities and infrastructure that will only improve quality of life for the residents of these counties.  And, with buyers and sellers pleased with a strong and continually improving economy, they are investing with confidence in Lake Anna Real Estate.


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Lake Anna Real Estate: Vanishing now… Wait, where did it go?

Sit down for this one.  A whopping $106,052,882.00 of water-oriented residential real estate has changed hands at Lake Anna, year to date. This includes waterfront homes, waterfront land, water-access homes and water-access land, but does not include new construction homes whose value will not hit the market until they are a re-sale or private sales that never hit MLS.  To put this number in context, it dramatically tops total residential sales in the City of Fredericksburg, a popular bedroom community of the Nation’s Capital, with total residential sales volume at $78,341,325.00 since the beginning of the year.

Realtors have started to experience a different dynamic. New listings hit the market and clients with busy schedules from out of the area simply can’t make it down to the lake fast enough to see them. poof… they’re gone and the property of their dreams slips through their fingers.  Or even this… properties that have been on the market for more than a year, suddenly going under contract.  I spoke to an agent recently who set out for showings at 11:00 a.m. on a Saturday. She had just confirmed that all properties she was showing for the day were active as of that morning.  When she arrived at the property that had been on the market for 508 days at 1:00 p.m. that same day, she was greeted by another agent who had just put it under contract in those two hours.

Where is the latest development happening?  According to Real Estate Developer & Broker, Gary Griffith, new construction and commercial development is at an all-time high.  “The times are changing.  New construction and lot acquisitions are soaring.  It’s controlled growth but I don’t see an end in sight.” Griffith is pleased that Cutalong is finally taking form.  Challenged in the past by multiple different owners who he suggests were not properly funded to take on a project of that size, Griffith calls it “a blessing for our community” to have Stillwater Developers as the catalyst for its progress.  More details are expected to be revealed by the end of the year, with prospective buyer previews starting in late October 2019.  Another Lake Anna Development, The Boardwalk Inn, is fully approved, permitting is underway, and ground breaking is expected by late 2019 or early 2020.   Investment opportunities are still available for this project.  Elk Creek Landing is on its way with several homes already built, others under construction, and 30 lots still available, both waterfront and water view, slated to have homes built by Evergreene Homes, and marketed by Lakeside Real Estate.  Sunset Cove started out with 77 lots, and only has 22 lots remaining. The upscale development boasts the only maintenance-free single-family home community at Lake Anna, with an HOA that includes yard maintenance, covered boat slips, walking trails suitable for golf carts, a community club house, full gym and a near Olympic-sized salt-water pool. Property at these developments is selling at a record pace.

Looking at these numbers, you might ask, “Who has won the lottery?”  I’d say all three counties, who will reap additional revenue, which in turn should yield amenities and infrastructure that will only improve quality of life for the residents of these counties.  And, with buyers and sellers pleased with a strong and continually improving economy, they are investing with confidence in Lake Anna Real Estate.

Sit down for this one.  A whopping $106,052,882.00 of water-oriented residential real estate has changed hands at Lake Anna, year to date. This includes waterfront homes, waterfront land, wateraccess homes and water-access land, but does not include new construction homes whose value will not hit the market until they are a re-sale or private sales that never hit MLS.  To put this number in context, it dramatically tops total residential sales in the City of Fredericksburg, a popular bedroom community of the Nation’s Capital, with total residential sales volume at $78,341,325.00 since the beginning of the year. 

Realtors have started to experience a different dynamic. New listings hit the market and clients with busy schedules from out of the area simply can’t make it down to the lake fast enough to see them. poof… they’re gone and the property of their dreams slips through their fingers.  Or even this… properties that have been on the market for more than a year, suddenly going under contract.  I spoke to an agent recently who set out for showings at 11:00 a.m. on a Saturday. She had just confirmed that all properties she was showing for the day were active as of that morning.  When she arrived at the property that had been on the market for 508 days at 1:00 p.m. that same day, she was greeted by another agent who had just put it under contract in those two hours.

Where is the latest development happening?  According to Real Estate Developer & Broker, Gary

Griffith, new construction and commercial development is at an all-time high.  “The times are changing. 

New construction and lot acquisitions are soaring.  It’s controlled growth but I don’t see an end in sight.” Griffith is pleased that Cutalong is finally taking form.  Challenged in the past by multiple different owners who he suggests were not properly funded to take on a project of that size, Griffith calls it “a blessing for our community” to have Stillwater Developers as the catalyst for its progress.  More details are expected to be revealed by the end of the year, with prospective buyer previews starting in late October 2019.  Another Lake Anna Development, The Boardwalk Inn, is fully approved, permitting is underway, and ground breaking is expected by late 2019 or early 2020.   Investment opportunities are still available for this project.  Elk Creek Landing is on its way with several homes already built, others under construction, and 30 lots still available, both waterfront and water view, slated to have homes built by Evergreene Homes, and marketed by Lakeside Real Estate.  Sunset Cove started out with 77 lots, and only has 22 lots remaining. The upscale development boasts the only maintenance-free singlefamily home community at Lake Anna, with an HOA that includes yard maintenance, covered boat slips, walking trails suitable for golf carts, a community club house, full gym and a near Olympic-sized saltwater pool. Property at these developments is selling at a record pace. 

Looking at these numbers, you might ask, “Who has won the lottery?”  I’d say all three counties, who will reap additional revenue, which in turn should yield amenities and infrastructure that will only improve quality of life for the residents of these counties.  And, with buyers and sellers pleased with a strong and continually improving economy, they are investing with confidence in Lake Anna Real Estate.


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