The Sunrise Beach Villa's
The Sunrise Beach Villas are located in Sunrise Beach, Missouri, on the banks of
the 54,000 acre Lake of the Ozarks. Lake of the Ozarks is the "Lake Tahoe of the Midwest". It's a playground
for millions of visitors and has a large year round population. Our target market on the turn will be second
home buyers and primary home owners looking for value. There is a shortage of affordable rental
properties which makes renting a viable option. The Recreational Housing Market continues to boom and water
front properties have high historic appreciation rates.
The City of Sunrise Beach is the future hub city of Lake of the
Ozarks. It is the central and most expandable location on the lake. It has parks, recreation, boating
facilities, restaurants and tourist attractions. We chose our project in a city with a strong future
development base rather than a area that has maxed out its potential. Like in the middle of Osage beach that
will get by passed by the new freeway.
The median condo price at the beginning of the year was $177,132. The
median home price in this area increased 22% last year and condo prices increased 14% according to the
Bagnell Dam Area Board of Realtors. This may not compare to the 47% increase we saw in Phoenix
last year. By the time you have seen a 47% increase, you've missed the boat. You want to be in an
ownership position before a major run up, not after.
|