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Creative Lake Martin Landscape: A Waterfall at 10 Boulware

Lake Martin Landscapers get creative with waterfront lots on the lake.  10 Boulware in the Real Island area is a great example.

This home is one of my listings and it’s a huge piece of property: 3.9 acres with +/- 440 feet of shoreline.  We’re calling it the “Mimosa Home” for its traditional Southern style, and for the large Mimosa tree boaters see from the water.

Using the natural terrain as a guide, the owners built a waterfall feature that runs from the top of the property to the waterfront.    The result: the sound of bubbling water greets you at every turn.  Listen for it in the video below and imagine enjoying that peaceful sound on a daily basis.

If you’re interested in this house, click here for pictures and complete listing information, or call me at (334) 221-5862.  A video tour of the entire property is embedded below.  I’d love to show you this property, or any property in the Lake Martin MLS.

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Winner Announced: Free Weekend At Water’s Edge on Lake Martin

I am pleased to announce the winner of a free weekend stay at a cabin at Water’s Edge on Lake Martin, please see this video:

Congratulations to Cecil G of Greenville, Alabama. He and his luckiest friends and family will be enjoying a free stay next weekend.

Thanks to everyone that entered.  We had a tremendous response. Some of you really made me laugh with your comments that you left in the form. Some of you left some things I can’t print (you know who you are :)) and others left some funny ones. To wit, a few examples:

We had the spam fearers:

“Please do not distribute or sell my number or email address.” and “Please do not give out my personal information!”

Don’t worry, your info is safe with me. I will put you on my once a month email list, and if that’s too much, by all means, unsubscribe.

Also we had some folks that have obviously dealt with some aggressive realtors before, here are a few:

“please use only for wining giveaway—no sales calls” and my personal favorite: “Please do not share my phone number or bombard me with calls. Thanks.”

We had some very complimentary words about the new homes for sale at Water’s Edge, and Lake Martin in general:

We actually drove by this development recently. It looks great, we’d love to spend an weekend there.” and “Can’t wait to see the finished homes.” and “one of my favorites home sites on the lake” and “Lake Martin is by far the best lake in Alabama. The water is so clear, the restaurants on the water are great and everyone is so friendly!”

There were a couple of good natured attempts to influence the results. All were unsuccessful, of course. This one took the cake: “I hope I win, then you can sell my old lake house for the new one!!” – Wow, talk about temptation!

If you are wondering how I made the draw, please let me explain. I took all entries and then dropped their info into a spreadsheet. Every entry had a row #. I then went to Random.org and used their random number generator to give a number, then I looked up the row, and saw who won. That’s how Cecil G. scored a free weekend at Lake Martin.

For More Information on the Waterfront Homes for sale at Water’s Edge, see:

Lot 1 Water’s Edge – $589,000

Lot 2 Water’s Edge – $569,000

They each have 3 beds and 3 baths, and are sitting literally on the water’s edge.  The view is stunning – jaw dropping even – you can see for miles, from its spot at the end of Coosa 20.  You can see much of Parker Creek, the old Veazey’s Marina, Willow Point, and all the way to Sand Island.

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Does Ceiling Color Keep Away Bugs?

I went by Water’s Edge the other day – and snapped these pics.  The painter was doing the outside deck, and they chose a light blue for the deck’s ceiling.  The architect and builder said this discourages bugs from making nests up there.

Has anyone else heard of this?

waters edge lake martin alabama waterfront

Does this only work on Lake Martin?

By the way, the view from these homes for sale at Water’s Edge is absolutely stunning. The homes look for five or so miles over the Big Kowaliga section of Lake Martin.

I like the colors the picked for the outside of lot 1:

waters edge lot 1 for sale lake martin real estate

and lot 2:

waters edge lot 2 lake martin real estate for sale

Stay tuned for a chance to win a free weekend lake house rental at Lake Martin, courtesy of Water’s Edge!

The homes are almost ready, so if you are looking for a new home with huge views let me know!

More info:

Lot 1, Water’s Edge

Lot 2, Water’s Edge

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Neighborhood Spotlight: The Landing at the Rock on Lake Martin

The Landing at the Rock is a waterfront development on Lake Martin.  It was formerly called Karis Park, and is across the water from another Lake Martin development: The Village at Lake Martin. Both of these neighborhoods have a central-eastern lake location.

I shot this video from The Village to give you an overall look at the neighborhood.  I’m not the listing agent for The Landing (Butch Billingsley is), but I can help you find a home in this neighborhood, or any property in the Lake Martin Area MLS. Just give me a call or contact me using the “Contact” tab at the top of this page.  I’d love to help.

Enjoy the tour!

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Lake Martin Lot Buyers – An Interesting Trend

I lake  martin lot salesam about to list a new waterfront lot for sale on Lake Martin.  In the course of researching for every new piece of real estate, I run the numbers on similar sold property to see if I can spot any trends.  I must admit I was surprised to realize that:

Lake Martin Waterfront Lot Buyers Are Sticking in the ‘Hoods

From January 1, 2009, to June 20, 2010, 23 waterfront lots have sold on Lake Martin. Of those, 14 are located inside the higher end neighborhoods, mostly those developed by Russell Lands.  Check it out:

6 – The Ridge 6/23 = 26% of total sold

4 – The Preserve at Stoney Ridge (not Russell Lands) 4/23 = 18% of total sold

2  Trillium 2/ 23 = 9% of total sold

2 – River Oaks – ditto

If you add those up, that’s about 61% of lots sold are in these formalized neighborhoods. Before you are tempted to think “big deal” – consider this: as of this writing, there are 179 waterfront lots for sale on Lake Martin through the Lake Martin MLS.  At our current sales rates, that is about 11 years’ worth of inventory.

The Ridge 31/179  = 17% of total for sale

The Preserve at Stoney Ridge (not Russell Lands) 11/179 = 6% of total for sale

Trillium 6/179 = 3% of total for sale

River Oaks 14/179 = 8% of total for sale

200438021-001Did you see that?

These Lake Martin developments are selling at at least double, sometimes triple of their expected rates from the sales pool. Hey, no one should be bragging at these slow sales numbers overall.  But let’s at least acknowledge who is getting it done.

If You Own a Waterfront Lot – 2 Things to Take Away From This Post:

1. 11 years’ worth of inventory is still an extreme buyer’s market – that means, at current sales rates, if nothing else came on the market, it would take 11 years to sell all that we have for sale on Lake Martin right now.

2. You must know your competition – if you are outside of a Russell Lands neighborhood – you must market to those who are more likely to buy your lot.  We have over 700 miles of real estate around Lake Martin and only a tiny fraction are inside The Ridge, Trillium, Willow Point, etc.  In other words, there are great lots inside their neighborhoods, but there are also tons of great lots outside them. You (or your agent) must be able to verbalize the selling points of your specific lot to find your perfect buyer.

If you need help, please contact us at this form or the email address at the top of the page. We would love to talk to you about your lot.

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Lake Martin Home Sales Still Strong In May

Waterfront home sales on Lake Martin, Alabama continue to look good.

Through the Lake Martin MLS,* 21 waterfront homes were sold in May 2010 compared to 22 in 2009, 14 in 2008, and 23 in 2007.

Here is an associated chart that shows monthly waterfront homes sales on Lake Martin since 2007:

lake martin home sales thru may 2010

If we take a look at the cumulative results, Lake Martin real estate fans will see that 2010 is still tracking way ahead of last year and 2008. I think 2008 was the bottom for the Lake Martin real estate market, so I certainly expect it to be beating 2008.

I am a firm believer that the leading trend statistic to watch in real estate, Lake Martin or otherwise, is comparing this month’s sales versus the same month of the prior year. Therefore it gives me a little pause when I see that May 2010 lost, albeit by one waterfront home sale. Even with sales in the twenties, though, I just don’t think that number is too statistically significant. In other words, one – schmone.  It was pretty much a tie.

Now, if we see that June ’10 loses to June ’09, we may have spotted a trend here. But from what I am seeing on the market now, and the level of sales activity that has spiked up, I don’t think that will be the case.

How Are Prices Trending?

I think that prices are still under a lot of pressure.  There is still a lot of waterfront homes for sale on Lake Martin, and, despite the sales momentum, prices are kept low.  This is evidenced by the silence at the same old overpriced homes, while the homes that come back on the market with reduced prices get the first attention of buyers.

Here is a graph of all of the waterfront homes for sale right now on Lake Martin:

Influence of the Oil Spill

Another question I get a lot is what, if any, influence is there of people fleeing to Lake Martin property as a reaction to the oil spill in the gulf?

I think the answer is – it’s still too early to quantify the impact on sales. True, I have had several new buyers to call me that were on the fence considering beach  vs. lake and they say this has swayed them, but they haven’t bought yet.

I have noticed a marked increase of people calling me about short term rentals on Lake Martin.  I guess they canceled their beach condo rental and are looking for a substitute.  I don’t handle rentals so I always refer them to others.  I must admit my random rental calls have doubled.  Will these people fall in love with Lake Martin, and then decide to buy?  Who knows.  I can’t imagine that it hurts the lake.

Let me say this, I know a lot of really good agents all up and down the Gulf Coast and I hope this doesn’t affect them too drastically.

Looking Forward

We are still relatively early in the sales season at Lake Martin.  The crucial months of June, July, and August will really tell us how serious 2010 waterfront sales are. It’s simply too early to guess.  Praise God, I have been twice as busy as I was this time last year with buyers and sellers.  I am sure other agents must be experiencing the same things, and this leads to more real estate sales on Lake Martin.

Related Posts:

Lake Martin Real Estate Sales 2009 – Waterfront Lots
Lake Martin Real Estate Sales 2009 – Year In Review
Lake Martin Real Estate Sales 2008 – Year In Review
Lake Martin Real Estate Sales 2007 – Year In Review

All Lake Martin Market Reports

(*)Disclaimers: All of the above info was taken from the Lake Martin Area Association of Realtors Multiple Listing Service. Accuracy is not guaranteed but deemed reliable. The above does not include sales by FSBOs or developers that sell privately and not through the MLS. But, I do think that the above represents a very large majority of all sales on Lake Martin.

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Open House Video Tour: 257 Curry Point on Lake Martin

Here’s another Lake Martin waterfront home for sale!  You might not know it from its street address, but this lake house is something of a landmark.  If you’ve been to Chuck’s Marina by boat for pizza, you’ve probably noticed this modern-looking house sitting out on a point.  Now is your chance to see 257 Curry Point up close.

A lot of these open houses are during the week, and many of you just can’t get there.  My goal is to film as many as I can, so you don’t miss out!  This is not my listing – it’s Ellen Venable’s of RE/MAX.

Enjoy the tour and call me if you’re interested in any home in the Lake Martin MLS.

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Open House Video Tour: 112 Riverbend Circle on Lake Martin

Here’s another waterfront Lake Martin home for sale! 112 Riverbend Circle is near the River Bridge on Highway 280 – close to Auburn, Alexander City and Dadeville.

Since many of the Lake Martin open houses are held during the week (and many of you are out of town and working), I video them so you don’t miss out.

This is not my listing, Mandi Durr is the listing agent. She had a nice open house and some delicious food!

Enjoy the tour and contact me if you are interested in seeing ANY home in the Lake Martin MLS.

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2010 A Win So Far For Lake Martin Real Estate

The Lake Martin waterfront real estate market is rather seasonal, as you may imagine.

Most of our market’s sales happen between March and October, so when a new calendar year rolls around we must pause to see what’s going to happen when spring gets here.

So far, 2010 has seen very strong sales* of waterfront homes. The first 4 months of the year are on pace to beat 2009, and individual months have beaten the same month in the prior year three out of four times:

If you add the monthly numbers together to see how it looks versus prior years on Lake Martin, you can see that we are already ahead of the “comeback year” of 2009.

This is an early indication that buyers maintain confidence that the bottom of the market was in 2008.

However, it is still early for sellers of Lake Martin waterfront homes, lots, or condos to rejoice.  There is still a lot of inventory for sale right now.

The above graph is for lake homes, but the story for waterfront lots is even worse.  I recently calculated that Lake Martin has about 10 years worth of inventory on the market right now.  In other words, at current sales rates, it would take 10 years for the demand to absorb what is for sale right now, assuming nothing new came on the market.

The Result

The result is a rather unique time in a the natural real estate sales cycle.  The number of homes sold is ramping up.  Demand is increasing; this is undeniable. But, prices are still under a lot of pressure because there is so much for sale.

Related Posts:

Lake Martin Real Estate Sales 2009 – Waterfront Lots
Lake Martin Real Estate Sales 2009 – Year In Review
Lake Martin Real Estate Sales 2008 – Year In Review
Lake Martin Real Estate Sales 2007 – Year In Review

All Lake Martin Market Reports

(*)Disclaimers: All of the above info was taken from the Lake Martin Area Association of Realtors Multiple Listing Service. Accuracy is not guaranteed but deemed reliable. The above does not include sales by FSBOs or developers that sell privately and not through the MLS. But, I do think that the above represents a very large majority of all sales on Lake Martin.

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Video Trip: Scrushy’s Lake Martin Home From the Water

A cool $5 million will buy you the keys to the former Lake Martin waterfront estate of Richard ScrushyRichard Scrushy was the former CEO of HealthSouth. The home is now owned by shareholders of HealthSouth as partial satisfaction for a fraud judgment against him.


It’s not my listing, but I’d love to show you this Lake Martin landmark.

So, you’re not quite ready to write the check?   That’s okay – you can still take a drive-by “tour” by boat. If you can’t make it by this Willow Point home yourself on Memorial Day, click below for the video I shot for you.  It was such  a gorgeous day!

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