The Waterstone community has finally released pricing of their lots on Lake Butler. It’s supposedly the last gated community that will be approved on the Butler Chain and their prices reflect it. The lots on Lake Butler range from $2,378,000 to $2,550,000. Whoa! They’re sure proud of their stuff. The sad part is that most of the lots don’t even have a wide open view. The lake views on most of the lots are impeded by Story Point in the Kelso subdivision. All the lots are over an acre and have a minimum of 100 feet of lake frontage. Any way you slice it, it doesn’t look promising for me to be living on the Butler Chain.
It certainly sounds like a neat development, but the prices are definitely on the pricey side and I’m sure you’ve heard that the real estate market is not that good at the moment. They’re priced pretty similarly to The Sanctuary at Lake Butler Sound so it’s not ridiculous. I think I prefer Lake Butler Sound just because of the fact that there’s a lot more homes completed and less construction messes to deal with. If I were paying $3-$5 million for a home (not that I could even afford the property taxes for that matter), I wouldn’t want to deal with all the debris and noise from construction for too long.
The prices for lots on Lake Cypress are a lot more affordable, but let’s not fool ourselves, it’s no Lake Butler. Prices for lots on Lake Cypress range from $950,000 to $1,300,000.
Two of the lots on Lake Butler are already under contract and if you decide it’s worth it to buy one of these lots, then you have to use one of the following builders: C.J. Unerstall, Derrick Builders, J. Richard Watson Company, Jones-Clayton Construction, N.W. Harris Construction Company, Stonebridge Homes, and Williams P. Campbell Custom Homes. My favorites on this list have to be J. Richard Watson and Jones-Clayton.
Their website claims that the developer for Waterstone also played a part in the development of Keene’s Pointe. For some reason, I always thought Castle and Cooke developed Keene’s Pointe. If anyone has any info about this, please make a comment.
I’ll be curious to see how long this development takes to build out and how it will look in the end. I’m sure it’s gonna look nice, I’m just wondering how long it’s gonna take.