AZ Condo Living 02-14-16

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February 2016 Powered by

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Family Development

The Cays at Downtown Ocotillo

In the market for a new condo, townhome, loft or villa?

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By Paula Hubbs Cohen

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f you’re considering purchasing a condo, townhome, loft or villa, there are a number of questions you should ask your builder or developer. To help shed some light on this topic, we asked several industry experts for their advice to prospective buyers. Here’s a sampling of what they had to say: 6XH *RRGULFK Vice President of Sales and Marketing, Cachet Homes

Is the condo in a great location?

A condo purchase is all about lifestyle. The perfect location close to shopping, dining and your favorite activities such as theater, golf, tennis and hiking help to round out that lifestyle purchase.

Also: • Does the community offer the amenities you’re looking for — a pool,

hot tub, gathering areas, an exercise facility? • Are there private garages, a parking garage or carport parking? • Do the monthly fees include reserve funds for future project updates — painting, roof repairs, etc.? • Is the condominium constructed with quality in mind — e.g., sound mitigation, energy-efficiency and the latest trends and features?

9LQFHQW - %DUEDWR Principal, Family Development

What do the HOA dues cover?

Some people can be shocked when they first learn the amount of the monthly HOA fee, but when they know all of the typical costs it covers, they find that the fee is less than what they are used to paying.

Also: • How much are the monthly HOA dues? • If my home has an issue, what is the process I need to go through to get it resolved? • How much can the dues increase each year and how much have they increased in the past? $QGUHZ +LFNH\ COO, Serenity Development

What kind of maintenance is included?

Condo buyers are looking for a lifestyle that is largely devoid of yard and building maintenance. They want a luxurious, convenient, maintenance-free lifestyle.

Also: • What kinds of amenities — restaurants, shopping, employment and services — are nearby? • What options and how many different plans are available? • How do I know this condo product will hold its value over time?

Continued on page RE8

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Homes by Towne

1-2-3â&#x20AC;Śfore!

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By Paula Hubbs Cohen

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olf communities tend to not be based solely around golf, but also around additional resort-style social amenities such as tennis, swimming and similar activities, said Sue Goodrich, vice president of sales and marketing for Cachet Homes. â&#x20AC;&#x153;Thatâ&#x20AC;&#x2122;s why even people who are not avid golfers love purchasing in golf communities â&#x20AC;&#x201D; so they can enjoy all of these types of social activities. Buyers also love the green grass and wide open spaces that come along with a golf course community.â&#x20AC;?

Keith Mishkin, broker for Two Biltmore Estates in Phoenix, agreed, noting that most buyers in golf communities specifically want the open space behind them â&#x20AC;&#x153;with the great view and all the grass and landscaping that they do not need to maintain,â&#x20AC;? he said. â&#x20AC;&#x153;Buyers tend to be very active and enjoy walking and biking through the community.

In addition, they also like the prestige of living on a world-renowned golf course.â&#x20AC;?

5HVRUW VW\OH OLIHVW\OH Cachet Homes has built many communities that are surrounded by golf courses or within a resort-style master-plan golf community. â&#x20AC;&#x153;The low-maintenance lifestyle of a condominium community and the more relaxed social setting makes every day feel like a vacation day,â&#x20AC;? Goodrich said.

Indeed, located in Litchfield Park, Cachet

Family Development

at the Wigwam â&#x20AC;&#x201D; Cachet Homesâ&#x20AC;&#x2122; newest golf course community â&#x20AC;&#x201D; will feature a community pool and hot tub, ramadas with a barbecue, outdoor entertaining areas and an exercise room.

As for the communityâ&#x20AC;&#x2122;s high-style golf, Cachet at the Wigwam is located on the Wigwam Golf Clubâ&#x20AC;&#x2122;s Heritage course, one of

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the Wigwamâ&#x20AC;&#x2122;s three 18-hole championship courses that offer a prime experience for the golfer looking for both diversity and challenge. The par-72 Heritage plays alongside an abundance of natural water features and lush trees with tee-setting yardages ranging from 5,806 to 6,852, with slope ratings from 118 to 126.

Meanwhile, golfers at the legendary Arizona Biltmore can choose from the Adobe course or the Links course. The par-71 Adobe course was originally built when â&#x20AC;&#x201D; according to local lore â&#x20AC;&#x201D; chewing gum magnate William Wrigley, Jr. persuaded William â&#x20AC;&#x153;Billyâ&#x20AC;? Bell â&#x20AC;&#x201D; who had designed such renowned courses as those at the BelAir, Riviera and Los Angeles country clubs â&#x20AC;&#x201D; to design what was one of the first courses in Phoenix. Yardage ranges from 5,417 to 6,428 from the back tees. The celebrated younger sibling of the Biltmore golf family, the Links course was completed in 1979 and was designed by golf course architect Bill Johnston. Yardage ranges from 4,747 to 6,300 from the back tees for this par-71 course.

7XUQ NH\ OLYLQJ For condo- and townhome-lovers looking to escape the hustle and bustle of the metroarea proper, Villagio at Dove Valley, built by Homes by Towne, is located in Cave Creek at the entrance of the recently redesigned Dove Valley Golf Course. â&#x20AC;&#x153;The great thing about our condos at Dove Valley is the openness â&#x20AC;&#x201D; plus you have spectacular views of the mountains and the golf course,â&#x20AC;? said Michael DuEll, designated broker for Homes by Towne. â&#x20AC;&#x153;Many owners are not golfers but love the openness and the views. Our homeowners also love the maintenance-free lifestyle which makes the community perfect for second-home owners, downsizers and busy professionals â&#x20AC;&#x201D; you just turn the key and go.â&#x20AC;?

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â&#x20AC;&#x153;Our condominium communities are located in North Scottsdale across the street from the Four Seasons Resort and now on the Troon North golf course. These sites have played a significant role in the success of our sales programs because our buyers will not compromise on location or quality.â&#x20AC;? â&#x20AC;&#x201D;Vincent J. Barbato, principal of Family Development

JDM, Wigwam Golf Resort, via Cachet Homes

MOVE-IN READY CONDOMINIUMS FROM THE $270â&#x20AC;&#x2122;S!

Welcome to the

GOOD LIFE.

BY CACHET HOMES

Single Level Condominiums!

Monterey Ridge is a gated luxury condominium community nestled close to North Scottsdaleâ&#x20AC;&#x2122;s finest amenities. Walking distance to restaurants, theater and shopping. Enjoy an early morning hike, grab your clubs and head out for a round of golf or just relax by the community swimming pool. It is all up to you.

Office Hours: 10am - 5:30pm Monday â&#x20AC;&#x201C; Saturday | 11:30am to 5:30pm Sunday

480.356.0179 | 17850 N. 68TH ST | PHOENIX, AZ 85054

www.MontereyRidge.com AR-0008501650-01

$5

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Surprise’s Premier Luxury Resort-Style Community

URBAN LIVING NOW OPEN IN MIDTOWN!

Imagine yourself living on the pulse of all that Central Phoenix has to offer… K. Hovnanian’s® 240 Missouri.

A stylish townhome neighborhood featuring modern, linear designs and refined finishes is waiting for you to make your move. Pedal or light rail to the hottest dining, shopping and entertainment, or just relax on your rooftop deck taking in the skyline with your

One Of A Kind Community One Amazing Offer One Month Only

Buy in February and receive 6 month HOA credit

favorite sangria. Stop by 240 Missouri today for Grand Opening pricing, and find your next adventure.

• 2 smart home designs with up to 3 beds • Minutes from the light rail, eateries, shops and more • Intimate community pool and gathering spot • Rooftop decks available for your enjoyment • Tastefully priced from the $400s

Visit Us: parkplaceaz.com | Call Today: 623-546-1107 Elevators, Low Maintenance Living, Custom Finishes, Sophisticated Amenities Grand Ave & Reems 14575 W Mountain View Blvd Surprise, AZ 85374 623-546-1107 parkplaceaz.com All advertising, promotional plans, site plans, floor plans, artists’ renderings, proposed amenities, proposed services and pricing (if any), associated with the overall project and the units, are preliminary in nature and are subject to change by the developer without notice. This is not an offer to sell, or solicitation of an offer to buy, any unit in states where such solicitation cannot be made. An offer is made only by the public offering statement and purchase agreement. Obtain the property report required by Federal law and read it before signing anything. Public report is available on request.

AR-0008511146-01

2nd Ave & Missouri Ave in Midtown Phoenix 877-546-8669 khov.com/phoenix Mon-Thu & Sat: 10 a.m. to 6 p.m Fri: 12 noon to 6 p.m.

Sun: 11 a.m. to 6 p.m. *Availability, prices, incentives and dates are subject to change, and K. Hovnanian® Homes® reserves the right to cancel or change all offers without prior notice; see Sales Consultant for details. If buyer is working with a licensed real estate agent or broker, the agent or broker must accompany and register buyer on first visit to community. No offer for sale or lease may be made or accepted until buyer’s receipt of Arizona Subdivision Public Report. A public report is available on the State Real Estate Department’s website.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation.

We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.© 2015 K. Hovnanian® Great Western Homes, LLC. ROC 188563. ©2015 K. Hovnanian® Building Company, LLC, an Arizona limited liability company. ROC 277023

WWW.AZCENTRAL.COM

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+27COMMUNITIES Location, location, locationâ&#x20AC;Ś

By Paula Hubbs Cohen

(

ast side, west side, all around the town â&#x20AC;&#x201D; from Downtown Phoenix to North Scottsdale, the West Valley, the East Valley and pretty much all parts in-between â&#x20AC;&#x201D; many communities within the Phoenix metro area are seeing a burgeoning increase in newly built condominiums, townhomes and villas.

Today, weâ&#x20AC;&#x2122;ll take a quick look at just a few reasons why the East Valley is a popular spot for some of these new developments.

RESORT TO A BETTER LIFESTYLE

6FRWWVGDOH &KDQGOHU Scottsdale and Chandler are just two of the many Valley-wide communities seeing a huge uptick in multi-family new-builds.

For example, in Chandler, Serenity at Fulton Ranch is a beautiful condominium community located inside the Fulton Ranch master-planned community.

Why do people like to live there? â&#x20AC;&#x153;People who live here are near the Price Road high-tech corridor which is home to Intel, Orbital, GoDaddy, PayPal and Verizon,â&#x20AC;? said Andrew Hickey, COO of Serenity Development. â&#x20AC;&#x153;Plus, Chandler is close to Phoenix, has a great employment history with tech companies continuing to

move here and an affordability factor that beats competing communities. Access to major freeways including I-10, the 101 and the 202 means the entire Valley is easily reachable.â&#x20AC;?

Now beginning its second phase of construction, Che Bella Villas is another new multi-family community in Chandler.

Located a mile from the Loop 202 Santan Freeway, Che Bella Villas offers two- and three-bedroom single-level plans that range from 1,315 to 1,830 square-feet.

Prices start at $199,999.

Meanwhile, Downtown Scottsdale also continues to be a hotspot for multi-family development. â&#x20AC;&#x153;This playground for locals and tourist hub is designed to foster a walkable lifestyle,â&#x20AC;? said Ken Johnson, vice president of strategic marketing for Landmark Homes USA. â&#x20AC;&#x153;The area houses more than 75 art galleries, 320 places to shop, 90 dining options, numerous salons and spas, eight museums and theaters, and 19 entertainment and nightlife venues.â&#x20AC;?

Landmark Homes USA is currently closing out their Aerium townhome community which is located in the Arts District of Downtown Scottsdale. Aerium Encore, located two blocks south of the

LUXURIOUS, VILLA-STYLE CONDOMINIUMS 4 UNIQUE FLOOR PLANS STARTING MID $200â&#x20AC;&#x2122;S

Experience why Serenity is the hottest selling community in the Southeast Valley

Call to arrange a private tour

A LMA S CHOOL & F ULTON R ANCH B LVD .

Serenity at Fulton Ranch

AR-0008500393-01

S ENT* M Y PA WN N LY % DO NMA LOA H T ON AS 3 IO N A L F M NT W LOW S LO A C O N V E A D ON *B A

Inspire Downtown Scottsdale

original community, is now open for sale.

Other new Downtown Scottsdale condo communities include Envy and Inspire, both developed by Deco Communities. â&#x20AC;&#x153;Envy and Inspire are located just minutes from premier golf courses such as Camelback Golf Club, Hyatt Gainey Ranch, Silverado Golf Club, Talking Stick and others,â&#x20AC;? said Pat Watts, partner with Deco Communities. â&#x20AC;&#x153;Owners at both of these communities can purchase a Southwest PGA Pass which provides

discounted rates at more than a dozen local courses. The golf lifestyle is a key amenity for these new condominiums.â&#x20AC;?

Besides golf aficionados, who else is buying in Downtown Scottsdale? â&#x20AC;&#x153;Even though [the area] attracts a large portion of winter visitors, Aerium buyers consist heavily of in-state primary homebuyers who want to be close to work and the lifestyle of Downtown Scottsdale,â&#x20AC;?

Johnson said, adding that a large portion of Aerium buyers are Millennials buying their first home.

SE

Resort Amenities â&#x20AC;˘ Perfect Location The Cays at Downtown Ocotillo located in Chandler in the upscale Ocotillo Community.

LUXURY CONDOS

OVER 55% SOLD OCCUPANCY SUMMER 2016 â&#x20AC;˘ New Single level, Spacious 1 and 2 bedroom condos with dens, and Penthouse Lofts â&#x20AC;˘ High end Builder Standard Interior Finishes â&#x20AC;˘ Next door to top Restaurants, Services & 5 min. to Chandler Fashion MallÂŽ â&#x20AC;˘ Clubhouse, Large Resort Pool

Aerium Encore, Landmark Homes USA

A division of The Arizona Republic 200 E. Van Buren St. Phoenix, AZ 85004 General Manager CAMI KAISER CKaiser@RepublicMedia.com Creative Development Director ISAAC MOYA IMoya@RepublicMedia.com

Editor PAULA HUBBS COHEN Paula.Cohen@cox.net

ADVERTISING Director, Classified Sales BRETT SONDRUP BSondrup@RepublicMedia.com

Contributing Editor JIM WILLIAMS JLWilliams@RepublicMedia.com

MICHELLE MURRIETTA 602-444-8208 MMurrietta@RepublicMedia.com

Design CARL BEZUIDENHOUT CarlBez@me.com

GENA ZESTRIJAN 602-803-8653 GZestrijan@RepublicMedia.com

Project Manager, Custom Products NICK KOSTENKO NKostenko@RepublicMedia.com

For general advertising inquiries, contact Republic Media at 602-444-8000.

/ Spa, Health Club & Resort Fire / Water Features

2511 W. Queen Creek Road, Chandler, Arizona 85248 (SE Corner of Price and Queen Creek Rd.) www.thecaysatocotillo.com (480) 248-3737 $5

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Continued from page RE4

CONDONEWSBRIEFS

-RKQ :DOGURQ Principal, Williams Waldron (provides sales management and marketing to The Enclave at Borgata)

How much are the Homeowner Association fees?

SOHO Scottsdale

SOHO SCOTTSDALE NE 6 SOHO Scottsdale, Live/Work/Play residences by Catclar Investments, LLC, recently broke ground. Designed in collaboration with renowned architect Bing Hu of H&S International and Irene Clary of Catclar Investments, SOHO Scottsdale is a mixed-use live-work residential project designed for the professional or entrepreneur.

SOHOâ&#x20AC;&#x2122;s three- and four-story townhomes range from 2,243 to 3,094 square-feet, while luxury live-work lofts range from 2,004 to 3,548 square-feet,

Many developers work with a professional property management company to create an HOA budget that projects a build-out scenario to avoid any surprises for owners.

SOHO Scottsdale Requesting the projected HOA budget will some with rooftop view-decks. help educate buyers on expenses that are Located at the southwest corner of 92nd necessary in operating the community.

Street and Bahia Drive in Scottsdale, SOHO Also: Scottsdale prices currently start at $679,900 â&#x20AC;˘ What features are included and what and go up to $1,295,020. The Sales Center can I upgrade and at what cost? is open daily and is located inside the â&#x20AC;˘ What amenities are close to the project, McDowell Mountain Medical Center, directly e.g., whatâ&#x20AC;&#x2122;s the â&#x20AC;&#x153;walkabilityâ&#x20AC;? index of the across the street from the SOHO Scottsdale community? site at 9377 East Bell Road. â&#x20AC;˘ Can I have a pet?

More info

.HQ 3HWHUVRQ Vice President of Sales and Marketing, Shea Homes Arizona

SOHOScottsdale.com 888-959-SOHO (7646)

Is this MY porch?

Though it may be attached to your unit,

Shea Homes

you may not own it. This is the difference between who would be responsible to pay for any repairs: you or the community.

Also: â&#x20AC;˘ Is there guest parking? â&#x20AC;˘ Is there storage space available?

'DYLG 1HZFRPEH lead broker for Portland on the Park Condominiums; associate broker for Launch Real Estate

First-world problem: how is my package going to get to me?

Itâ&#x20AC;&#x2122;s a little thing, but youâ&#x20AC;&#x2122;d be surprised how complex life can get in buildings designed before the Amazon revolution.

Also: â&#x20AC;˘ What is it built out of? â&#x20AC;˘ Are there any outstanding assessments?

Final Units Now Selling, Great Location in Cave Creek, Priced from the $300's Easy Street, Butte Properties

Easy Street, Butte Properties

EASY STREET Two-Day Grand Opening Celebration Free event open to the public Easy Street Sales Center, 33 Easy Street, Carefree Feb. 18 & 19 11 a.m.â&#x20AC;&#x201C;7 p.m.

The public is invited to take part in food and fun as Butte Properties unveils this new condominium communityâ&#x20AC;&#x2122;s floorplans, resort-level amenities, concierge services and customized finishes.

A $50 million project, Easy Street will feature 44 luxurious, amenity-stocked condos ranging in price from $600,000 to $2,500,000. The 1,800- to 3,600-squarefoot residences will be offered in 13

floorplans; courtyards and terraces with collapsing patio doors overlook Black Mountain, the green belt and Easy Streetâ&#x20AC;&#x2122;s second-floor pool and spa.

Located near Carefree Drive and Tom Darlington Road (Scottsdale Road), the project includes a clubhouse, second-floor entertainment deck, a fitness pavilion with steam and massage facilities, a climatecontrolled wine grotto with private lockers, a heated pool and spa, wet bar and more.

Groundbreaking is planned for June 2016 with completion expected by fall 2017.

The Village at Surrey Hills features new 2 and 3 bedroom condominiums designed for a carefree lifestyle, priced from the mid $300â&#x20AC;&#x2122;s. This intimate community, nestled against a mountain preserve in Cave Creek, has a community pool and spa with elevator. Outdoor living space and private garages make it the perfect home.

Developer is Offering Close Out Pricing | Immediate Move Ins Available

36600 N Cave Creek Road â&#x20AC;˘ 480-315-0224

More info

Models Open Weekends 10 - 5

EasyStreetCarefree.com 480-535-5011; 855-535-5011

Sales By Coldwell Banker Residential Brokerage AR-0008511195-01