Development Trends Today

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Milo Robertson
5 years ago
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1 Development Trends Today Condominiums Commercial Infrastructure Retail/Professional Residential

2 Why would anyone come to live, do business, develop, or play at the lake? Largest man-made non-flood control lake in the US 55,000 acres of surface area Over 70,000 homes, half of these being vacation homes More than 4 million visitors annually Tri-county area is home to 6,961 hotel rooms, and an uncounted number of seasonal rental homes and condo s More than 200 restaurants 15 Area Golf Courses According to the National Assoc of Realtors, second homeowners are typically: Affluent w/median incomes of $120,600 75% Married Typically in their middle fifties, although studies have shown condo owners to be as much as 10 years younger on average

3 Condominiums In 2008, nearly 30% of all transactions at the Lake were Condominium Sales, almost identical to Condo s sold per day in 2008 at the Lake, down 30% in # of transactions from 2007 Average sale price in 2008 was $197,102 down from 2007 average sale price of $198,637 Average Days on Market in 2008 increased to 209 from 170 in 2007

4 Condominiums In 2008 we had a new record high sale in the Condo market! Sold for $1,624,820

5 Condominium Avila Luxury Condo s with a complete resort experience First 36 unit building 90% complete 6 units Sold Amenity Access includes: Spa, Pools, Golf, Transportation, Movies & More!

6 Condominium 14 MM Osage Arm Only 3 Ten unit buildings 3,842 square foot units Gated Entry Lakeside Infinity Pool Double Elevator access for each unit

7 Condominium The Hampton s 140 Units Planned 18 Units Built 2 Units Sold Construction on Entry and Pool Underway

8 Condominium Lands End 19 MM Osage Arm 190 Units Planned 190 Built 162 Sold 4 Units Under Contract

9 Condominium Trinity Pointe 31 MM Osage Arm 84 Units Planned 59 Units Built 14 Units Sold

10 Condominium Sierra Bay 5 MM Big Niangua 56 Units Planned 32 Units Built 14 Units Sold

11 Condominium Westlake Villa s 10 MM Osage Arm 24 Units Planned 2 Units Built

12 Condominium Royal Palms 34 MM Osage Arm 150 Units Planned 74 Units Built 62 Units Sold

13 Condominium Sunset Palms 34 MM Osage Arm 130 Units Planned 34 Units Completed 20 Units being framed 36 Units Sold

14 Condominium Tuscany 1 MM of Big Niangua Total of 3 Villages Planned with over 200 units One Village Built containing 71 units 57 Units Sold

15 Condominium Nantucket 11.5 MM Osage Arm 500 Units Proposed 16 Units Built 5 Units Sold

16 Condominium Bella Sera 31 MM Osage Arm 20 Unit Planned 20 Units Built 1 Unit Sold

17 Condominium Miramar 2 MM Niangua Arm 100 Units Planned 48 Units Built 32 Units Sold

18 Condominium Blue Anchor Bay 1 MM Gravois Arm 162 Units Planned 54 Units Built 36 Units Sold

19 Condominium Loch Haven Located in Linn Creek Cove 100 Units Planned 50 Units Currently Built 40 Units Sold

20 Condominium Mystic Bay Located in 1 MM Glaize Arm 65 Units Planned 50 Units Currently Built 46 Units Sold

Condominium Summary Detailed 16 Projects on the move,

2008 Huge contributions in Tax dollars for our schools

Additional rentals to house tourists Fulfills the need

21 Condominium Summary Detailed 16 Projects on the move, there are many more that we missed Over 550 sales in 2008 Huge contributions in Tax dollars for our schools with minimal impact from additional students Use as Additional rentals to house tourists Fulfills the need for the maintenance free lifestyle that many second homeowners desire

22 Infrastructure Rte. 54 Expressway Project 1 Grand Glaize Bridge to Existing 54 by Old Walnut Bowl New South Bound Osage Beach Parkway between Rte. 42 & Walmart opening this Summer New Passover Road Opening this Summer Overall Project Completion Spring 2010

23 Infrastructure Rte. 54 Expressway Project 2 Rte 54 by Old Walnut Bowl to Osage River Bridge Overall Project Completion Winter 2010

24 Infrastructure Rte. 54 Expressway Project 3 Grand Glaize Bridge to Lazy Days Road, approx 1.3 miles west of Rte. KK New Swiss Village Road to Rte. KK opening Winter of this Year Overall Project Completion Summer 2011

25 Infrastructure Rte 5 Expressway through Camdenton New Rte 5 opened by Memorial Day this Year Overall Completion of Project Fall of this Year

26 Infrastructure Rte 5 Shared 4 Lane from Camdenton to Lebanon Grading Currently Completed to near Decaturville Paving and Widening from Camdenton to Lebanon to be completed Winter 2010

leased Professional Office Park Custom Office Buildings

27 Parkside Village Commercial 15.6 Acre Professional, Medical & Small Business Development Gateway Building 28,585 total rentable sqft 17,000 in secured under building parking 15% currently leased Professional Office Park Custom Office Buildings sale/lease First Phase 4 Buildings with a total of 14,210 square feet 38% Currently Leased

28 Kwik Kar Wash Hwy 54 across from Dumar Plaza 15,000 Sq. Ft Automotive Care Facility High Volume Express Tunnel Car Wash 4 Bay Detail Center Commercial 4 Bay Lube Center

29 Furniture Factory Outlet Commercial 1.5 miles west of Rte KK on Hwy 54 Starting Construction

30 Old Town Osage Carhartt Store Chicky s Wing Restaurant patterned after Hooter s Auction Barn auctions every Tuesday Seed/Feed/Bait & Tackle 1000 SQ. FT available Commercial

31 The Shoppe s at Eagles Landing Commercial Currently under construction on Phase 1 Three Phases total approximately 100 acres Working with several out parcel retail and restaurant users

32 Commercial Resort & Yacht Club 116 Luxury Suites Spa, Fitness Center Swim Up Pool Bar Theater Gourmet Dining & Retail Shops Convention Center/Meeting Rooms

33 Commercial The Rose Concierge Retirement Living Center Located between Tan-Tar- A & Lake Regional Hospital 39 Million Dollar Project on 118 acres 1 st Phase will include 72 independent living units, 30 assisted units and 20 memory care units

34 Commercial Other Area Activity Wal Mart-complete make over, Salon and Liquor Store addition Art Expressions Building Remodel First Watch Medical Center Nichols Road adding a new doctors office Central Ozark Medical Columbia Ave completeing a large addition Lake Regional Health scheduling a large remodel in Medical Oncology Downhill Ruckus - opening soon west of Rte KK

35 Residential Featured Residential Developments Include 3 Different Sectors: Affordable Homes Up to $300,000 Mid-Level Homes $300,000 - $999,999 High-End Luxury Homes - $1 Million & Up

36 Residential Affordable Homes The Average Sale Price in this range was $140,158 in 2008 compared to $146,237 in 2007 Residential Homes in this price range accounted for 78% of the total number on Residential Homes Sold in 2008

Accounts for the majority of sales volume in our market.

37 Residential Mid-Level Homes In 2008 the Average Sale Price in this price range was $452,216 compared to $452,682 in 2007 Accounts for the majority of sales volume in our market. Primarily Lakefront Properties and Vacation Home Buyers make up these sales

Residential Home Sales Volume in 2008, compared to 18% in 2007

38 Residential High End Luxury Homes 23 Residential Homes sold for over $1,000,000 in 2008, compared to 26 sales in % of Residential Home Sales Volume in 2008, compared to 18% in 2007 Average Sale Price was $1,515,138 in 2008 compared to $1,770,433 in 2007

Welcome to the 6 th Annual Real Estate Symposium for The Lake of the Ozarks. October 17 th, 2013 Osage National Golf Resort

Welcome to the 6 th Annual Real Estate Symposium for The Lake of the Ozarks October 17 th, 2013 Osage National Golf Resort Missouri State Representative District 155 Diane Franklin Real Estate The National