MIRAB
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The Broker’s Corner
Mirabel Featured Cover Home
Community Update
Lot 106 | 3 Beds | 4 Baths | Office | 5,118 Sq. Ft. $ 2,849,000
MIRABEL LIFESTYLE
NOVEMBER | DECEMBER 2019
aving been involved with Mirabel since before there was a single road or house, it always amazes me when I update my database with the current number of homes in Mirabel and see how fast it is growing and prospering. There are currently 225 homes in Mirabel including 212 completed homes and 13 homes under construction. Of the 13 homes under construction, 5 of tthem are spec homes, all of which are expected to have price tags of $3.5 million or higher. This is a great testament as to how special Mirabel is to command new home sales prices at the very high-end of all communities in our market. This leaves just 110 homesites remaining to be developed. (4 of these lots are currently in design review.) While 110 sounds like a lot of homesites, it is getting harder and harder to find the premium view lots that are in high demand right now. I have been out walking lots with several prospects recently and if they have specific requirements they want such as a south facing fairway lot, there are very few options to choose from. Construction costs right now are the highest I have ever seen with most builders quoting a minimum of $400+ per sq. ft., however many projects are significantly higher than that. I can personally attest to the high cost as Liz and I are currently in the process of adding a small golf cart garage onto our house and we could not believe how much it is for construction cost. With the high price of construction, most buyers that have a budget to afford $400 plus per sq. ft. are selecting the premium view lots leaving very few buyers in the market for the low to moderate priced lots. The Mirabel Club continues to thrive under Marcie’s and the Board of Directors’ leadership with membership sales doing well and optimism about the future of the club as positive as I have seen it in many years. We all can’t wait for the exciting club enhancement scheduled to be completed in late 2020. Of the 212 completed homes currently in Mirabel, 85% of the residents are either golf or social members at the club which is another strong indication of the attractiveness of the club. Liz and I could not be more excited about the upcoming season and look forward to seeing all our seasonal friends and neighbors return over the coming weeks and months. We are going to have one of the best inventories of homes we have ever had available this year. For a list of available homes or homesites, don’t hesitate to contact me. Until next time …
Bob Lomax
Owner/Designated Broker | Mirabel Properties
City Confidential Urban Playground This home is one of the most iconic homes in Mirabel. Designed by Terry Kilbane this southwest pueblo style home has traditional battered exterior walls and the finest interior finishes. Sitting on one of the best lots in Mirabel, the elevated, south facing backyard complete with a three sided negative edge pool has tremendous golf course, city light, mountains and sunset views. Truly a remarkable home and rare opportunity to get one of the best of the best at far less than replacement cost. Contact us today for more information and to set up a showing
BOB LOMAX
OWNER/DESIGNATED BROKER MIRABEL PROPERTIES
480.595.2545 OFFICE 480.595.9503 FAX 602.920.7192 MOBILE
www.mirabel.com If your home is currently listed, this is not a solicitation for that listing.
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Mirabel Cover Home
Presented By Bob Lomax