Lagoons Prove Boons To High-End Residential Developments

I‘m always on the lookout for articles with the potential to positively impact a business. What’s your take on the following points I came across recently?

"It’s long been recognized home buyers love a view of the blue. Due to their comparative scarcity, homes on oceans, lakes (Great and otherwise), rivers and canals consistently command more at sale time. How much more? According to some estimates, a home on a lake will garner 25 to 50 percent more than the same home in an inland location.

But trotting out the phrase “The Lord’s not making any more waterfront property” to explain the price premium may not work anymore. That’s because high-end developers are turning to the incorporation of man-made “crystal lagoons” on residential properties to drive buyer interest in their upscale developments.

“There is tremendous value in adding lagoons to upscale properties,” says Carlos Rosso, developer behind ONE Park Tower by Turnberry at SoLe Mia in North Miami, a 32-story, 303-residence project featuring access to a seven-acre “crystal lagoon,” a body of water so named for its crystal-clear waters."

I’d be really interested to know your opinion. Check out the full article here and then I’d be happy to discuss it with you by phone (646-494-4353) or email (david@realestateinsurance.us).