“Well maintained home in Bent Tree close to front gate with a level driveway.”

354 Alpine Drive in Bent Tree just hit the market.  The asking price for the 3 bed, 2½ bath home (with a great front porch) is $239,000.  Click here (or click the listing photo below) for more information

354 Alpine Drive in Bent Tree (listing photo)

354 Alpine Drive in Bent Tree (listing photo)

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“RUSTIC PERFECTION”

Earlier this year, I included the following statement in one of my posts:  “I do know that if I won the lottery (assuming I ever played the lottery), there is only one home in Bent Tree for which I would pay $900,000 or more.” 

 Well, this is the one I was talking about.  Even though I’m usually not a lottery player, when I saw this home hit the market a few days ago, and because of my earlier post, I tried my luck with the lottery.  I didn’t win, so my favorite house in Bent Tree is still on the market.

Click here, or click the listing photo below, to link to the agent’s information for 601 Cutthroat Ridge in Bent Tree.  The place really is, as the listing says, “Rustic Perfection”.

601 Cutthroat Ridge in Bent Tree (listing photo)

601 Cutthroat Ridge in Bent Tree (listing photo)

 

Beautiful Lake View Home on Lakeview Trace

158 Lakeview Trace in Bent Tree recently hit the market with an asking price of $514,000.  Click here to link to the listing information.

158 Lakeview Trace in Bent Tree (listing photo)

158 Lakeview Trace in Bent Tree (listing photo)

50 Percent of 50 Percent

Now that Bent Tree Community Properties, Inc. is a realty reality, some property owners are wondering what revenue (and any associated profit) will come to Bent Tree Community, Inc.

At the January 2018 Board Work Session, the gentleman who is now the broker for BTCPI, gave a presentation that included the projected revenue breakdown. At the time, he said he believed that the association would reap approximately $45,000 the first year (based on assumptions he made that seemed, in my opinion, highly optimistic). He went on to explain the basic formula used to come up with that amount. After the meeting, I went home and did the math to make sure I understood what he was saying.

The following is straight out of my notes that I typed up after the January Work Session, using the broker’s 2017 home sales numbers and his assumptions about the number of transactions the new company would be involved in.  The “When you do the math” part is mine.

Why the broker expects to be involved in 50% of 50% of the real estate transactions, in the first year, is unknown.

A portion of my notes from the January 2018 BTCI Board Work Session

A portion of my notes from the January 2018 BTCI Board Work Session

Three Days Until Bent Tree Community Properties, Inc.’s “Soft Opening”

Bent Tree Community Properties, Inc. is the official name of Bent Tree’s new real estate venture.  There is a planned “soft opening” for October 1.  Some basic information about the venture is available in the September 25, 2018 General Manager’s Report to the Board (available on the official Bent Tree website).  The benefits listed in the report (note – these benefits are per the General Manager) are:  new revenues, promoting of Bent Tree from within (better communication to new home owners), actively work with the Land Analysis & Development Committee, knowledgeable about the inventory of land, future development, and developer relations.

 

“Impeccable 4BR/4.5BA on DBL lot w/seasonal mtn. Views!”

976 Fairway Drive in Bent Tree just hit the market with an asking price of $525,000.  Click here to link to the listing info, or click the listing photo below to link to a virtual tour.

976 Fairway Drive in Bent Tree (listing photo) - click photo to link to virtual tour

976 Fairway Drive in Bent Tree (listing photo) – click photo to link to virtual tour

Lake Lot Under Contract

A gently sloping .62 acre lake lot in Bent Tree currently has a sales status of “Contingent – Due Diligence”.  According to the listing, the lot has 150 feet of frontage on Lake Tamarack and is priced at $139,900.

Lake lot in Bent Tree, sale status "Contingent"

Lake lot in Bent Tree, sale status “Contingent”

It even has a picket fence…

501 Arrowhead Drive in Bent Tree just hit the market with an asking price of $379,900.  Click here to link to the listing information.  The 5 bed, 4 bath home sits on a private cul-de-sac road that is surprisingly wide (by Bent Tree standards), especially considering that there are only two houses on that stretch of the road (once Arrowhead passes Stone Ridge Court).  Another surprise is the picket fence.  That is definitely a rarity in Bent Tree.  Click the listing photo below to link to a virtual tour.  Note – the listing says 5 bedrooms, the video tour says 4…

501 Arrowhead Drive in Bent Tree (listing photo)

501 Arrowhead Drive in Bent Tree (listing photo)