All property types sold in February 2010 totaled $24,183,890.  The same time period last year was $16,154,427.  That is an increase of 50%.  Average sale price was up as well an impressive $39%.

My new real estate company is called Lake Real Estate Pros.   Maybe I took the Warren Buffet quote that everyone loves nowdays that says ““… be fearful when others are greedy and to be greedy only when others are fearful” a bit too seriously.   After 10 year at RE/MAX Lake of the Ozarks, it was time to make this move.   Lake Real Estate Pros is located across from JB Hooks on Bagnell Dam Blvd.   The address is 2221 Bagnell Dam Blvd Ste 400, Lake Ozark MO 655049.  John Garrett can be reached at 573-480-6420.

Lakefront Foreclosure

You’ve likely seen this home when crossing the Community Toll Bridge from Lake Ozark to Shawnee Bend. The difference is that it now has been foreclosed on and the price is now $1,562,500 down from well over $2,000,000.

The description in the MLS reads:

Spectacular 1.2 acre lot with 340 ft. of gentle lakefront is a one-of-a-kind with a trophy home unlike any other. Major remodeling and expansive landscaping under way-exquisite detail and design. A private retreat with expansive views, cove protected waterfront, pea gravel beach, level curved driveway, private pool, outdoor kitchen, spectacular patio w/fireplace, totally revamped master wing.

This home was purchased and remodeled before it was put back on the market, it was one of the best remodel transformations that I’ve seen at the Lake of the Ozarks. Now someone will get a really great deal on this home. Call if you need any additional information. 573-480-6420

This beautiful Cedar Crest custom home is waiting for a new owner.  Cedar Crest is simply the best subdivision at the Lake of the Ozarks, it is THE address that everyone wants to call home.  The home has everything, and I do mean everything.  The floorplan is ideal, and creats room for everyone to enjoy the home yet have peace and privacy as well.  The Lanai, pool, gameroom, are all one of a kind and must be seen to be appreciated, and the view is, well, quite simply the best view at the Lake of the Ozarks.   Call John Garrett for a private shgowing, or for information about this and other great luxury deals at the Lake of the Ozarks.  573-302-2320.

Cedar Crest Lake Ozark MO

If you want the best address at the Lake of the Ozarks, look no further than this stunning home atop a bluff in Lake Ozark Missouri.   This home offers a rare combination of “in-town” location with seclusion and privacy thanks to a gated, electronic entry system.  The landscaped waterfall is like no other at the Lake, this home has a private pool to go with the subdivision pool as well.  This home fronts a golf course, and opens up to a stunning 10-mile view of the Lake of the Ozarks in back.  The gourmet kitchen is as impressive as you will find at the Lake, and the cabinetry throughout the home is top of the line Schrock cabinets.  The screened-in lanai gives you a great room to enjoy the pool and outdoor kitchen.   The game room has it’s own bar and kitchen, as well as a sauna and workout room.  The master suite is an oasis with a see through corner fireplace, and one of the largest walk-in closets you will ever see.   The second suite on the main level has a large private bathroom and offers total seclusion. 

A three car garage allows you to have a golf cart for driving the family to the boat dock, an added bonus is the path, walkway, and dock are wide enough for you to drive right onto the dock to unload the family and cooler right onto the boat.  The dock sits behind a breakwater for safety and comfort, and the location at the 14-mile marker is as central as it gets.  Cedar Crest has an electronic gated security system that guarantees privacy.  The award winning landscaping features a water feature with a waterfall, and is meticulously maintained.  The owners association bought all of the remaining golf course lots to guaranty the view will never change, and there will be no more development in the area. 

This is a rare opportunity own that special waterfront, golf course estate.  Call John Garrett 573-302-2320 for a confidential, private showing of this fine home.  Reasonably priced at 2.7 million US. 

Luxury Waterfront Home

I just previewed a fine Lake home, it is listed with RE/MAX Lake of the Ozarks and is located in the Villages on Shawnee Bend.  Wow, 6 bedrooms, 8 bathrooms, 3 full laundry rooms, and two full and two half kitchens. The finest travertine marble, granite, stone, slate, exotic ebony hardwood, knotty alder, are featured through this expansive home. State of the art sound, security, and technology is featured in every room offering all of your senses a treat.  Waterfront pool, plenty of room for a boat dock, elevator, all build by the Lake’s premier home builder. 

Trust me when I say this writeup or a few pictures cannot do this home justice.   If you want the best, this one is it.  Priced at $3,750,000

Luxury Waterfront Home Market Lake of the Ozarks.   

Forget trying to time this market, now is the time to step up and buy that deal of a lifetime at the Lake of the Ozarks.   Don’t be that guy that goes around telling everyone “Well I could have bought that for $$$$”.  Don’t you always want to say to that guy “then why didn’t you, are you crazy?  Oh, you don’t like making money!” 

An interesting look at the numbers show 26 sales over a million dollars in all of 2007, and through Novemeber 15th 2008 there have been 21 closings with a few pendings that could still close this year. 

That is not a whole lot of difference considering the turmoil that 2008 has seen in all markets.  If we drill down into the numbers a bit more, we see that the averge price per square foot paid decreased from $325 psf to $288 psf in the last year.  This market usually sees a healthy increase in price per square foot, so this decrease would mean a buyer today is not only paying 11% less, they are also saving the usual 12 to 15% appreciation we are used to.  A buyer today is looking at an average savings of something in the 23% range or better!   A fourth off the price you were looking at in 2006! 

 You make money when you buy, and right now really is the best time to buy.  Call John Garrett with any questions or comments. 

Buy a Luxury waterfront home at the Lake of the Ozarks

RE/Max Lake of the Ozarks recently held a real estate Symposium that featured pricing data from John Garrett.  The big surprise was how well the real estate market was doing, and that all all sectors saw price increase last year.  The second home market is somewhat immune to the current subprime fiasco, and as it was pointed out in our presentation, real estate is a local event, not a national trend.

Lawrence Yun, NAR chief economist, said the findings suggest different cycles for each of the sectors over the past two years.  “Investment-home sales declined sharply in 2006 as speculators disappeared, leaving the market to serious buyers, with the pattern continuing in 2007,” he said.  “Vacation-home sales rose to a new record in 2006 because there was a pent-up demand from buyers who couldn’t find a property as a result of tight supplies in preceding years.”  The great thing about the Lake of the Ozarks market is that we had very little participation from investors and speculators looking to ‘flip” property, and remained a retirement and second home market the last 5 years.  Not surprisingly, we are seeing a strong market that is weathering the current talk of a real estate “bubble”.

Luxury home sales of homes over $1,000,000 have increased from only 5 sales in 2003 to over 42 sales in 2007.  That is an increase of over 740% in that period, or an average of 148% per year!

Porto Cima Waterfront Homes

Porto Cima saw over twenty three million dollars in waterfont homes sold in 2006.  The average price per square foot was $249.72, up 13% from 2005.  There were 20 waterfront homes sold through the MLS, so this was the first year the average sale in this area was for more than a million dollars. There were actually seven homes sold for over a million dollars, and three of those sold for over two million dollars.

The average size of these homes was 4720 sq ft, and the largest sale was 7500 sq ft.

If you have any questions about Porto Cima or buying or selling Lake of the Ozarks real estate, you can always contact John Garrett at 573-302-2320 or e-mail me for a fast response.

Porto Cima

Found on the Shawnee Bend peninsula at Missouri’s Lake of the Ozarks, Porto Cima combines 2,300 acres of rolling hills and native oak trees with a Jack Nicklaus-signature golf course and a meticulous plan to deliver one of the Midwest’s finest golfing communities. Today, Porto Cima (Italian for “hillside harbor”) thrives as a luxury waterfront community and one of the finest private clubs in the Midwest.

“On a scale of one to ten, this is as close to a ten – if there ever was a ten…” — Jack Nicklaus

As a Waterfront Golf Community, it rivals anything that can be found in the midwest.  The advanatge of having private ownership of the waterfront makes this a very unique chance to own at the premier lakefront golf community in the midwest.

If you have any questions about Porto Cima or buying or selling Lake of the Ozarks real estate, you can always contact John Garrett at 573-302-2320 or e-mail me for a fast response.