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Million Dollar Manufactured Homes

Million Dollar Manufactured Homes | Texas Coast Real Estate | Scoop.it

Manufactured Homes Hit Seven-Digit Milestone, in California, meaning for under $200k on the Texas coast.

Manufactured homes often sell for more than $1 million in the California coastal community of Paradise Cove, with one selling for $2.55 million earlier this year and another going on the market last month for $3.75 million. See slides-show at wsj.com/articles/rethinking-the-double-wide

Putting It All Together Making the Move to Modular Manufactured Home Industry Faces Hurdles The homes feature hardwood floors, high-end appliances, granite counter-tops, and other upscale features, but the prices also have a lot to do with the community’s location on a bluff overlooking the Pacific Ocean.

Wealthier buyers now are entering the market for factory-built homes, mainly as retirees look to downsize and soaring home prices in particular markets make manufactured housing a more affordable option.

Design trends have tracked those in conventional site-built homes and these are built better, many are hurricane resistant and more energy efficient.

Look for them to take off on the Texas coast soon.

via Manufactured Homes Hit Seven-Digit Milestone | Realtor Magazine.

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Business owners expect windfall after Schlitterbahn opens on Padre Island Corpus Christi

Business owners expect windfall after Schlitterbahn opens on Padre Island Corpus Christi | Texas Coast Real Estate | Scoop.it

This will be a project that the island, the entire community, will be proud of  said Jeff Henry Schlitterbahn.

Attractions:

  • Four “Master Blaster” uphill water coasters;
  • Three children’s areas;
  • A “Shoot The Chute” log ride, a first of its kind among Schlitterbahn parks;
  • A “Boogie Bahn” inland surfing ride;
  • Three heated swim-up bars for adults;
  • Two wave pools.

The $40 million resort on Padre Island will be the fifth water park for Schlitterbahn, whose deal with the city includes almost $120 million in grants during the next 25 years.

Family shot at Schlitterbahn

Schlitterbahn expects 300,000 visitors to come to the park each year.

The project also includes some lodging. Terri Adams, Schlitterbahn’s chief operating officer, said the park will feature “a number of” Treehaus luxury suites. She would not say if the company plans to negotiate with a hotel company for more beds or build a hotel itself.

Maybeth Christensen, executive coordinator of the Padre Isles Property Owners Association, said businesses generally continue to support the project, hoping it will touch off economic growth.

Corpus Christi in 2012 hosted 7.1 million visitors, who spent $1.1 billion on tourism-related purchases and services, said Colette Rye, communications director for the Corpus Christi Convention and Visitors Bureau. Some of that money eventually is used to make local improvements.

 

Jim Lee chairs the Department of Decision Sciences and Economics at Texas A&M University-Corpus Christi, and is studying the financial impact the water park and a host of other major development projects will have on the region.

Lee said he recognizes the project will be a boon to further development for an island community that still is without a full-scale grocery store.

“It’s a classic dilemma in economic development: More economic development often means an intrusion on nature,” Lee said. “Most residents choose to live on the island for its special lifestyle that is connected with nature. Ultimately, I think it boils down to the concept of smart growth, which is to preserve the quality of our lifestyle while allowing for more development.”

The project will be positive for the area in the long run leading to business growth of all kinds. It’s going to give the island a boost, especially in the summer time, making the island a destination place and first class resort for the Texas coast.

via Business owners expect windfall after Schlitterbahn opens on Padre Island

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