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Lake Haven Progress is Slow, but Potential is Great

LakehavensignBack at the new year, I promised more details on the new Lake Haven subdivision off Freemanville Road in the new City of Milton. It is slated to be another “high-end” development in Milton, but I think it stands out from the crowd because of the lake, the terrain, the location (closer to Alpharetta) and the amazing hardwoods that are on the property. They didn’t cut down all the trees…thank you! To date, the only activity at Lake Haven has been the installation of the roads, curbs and the start of the front entrance. Apparently, like a lot of new developments in Milton and Johns Creek, time has been spent working with the new city to get properly permitted. I’m told that the neighborhood plat should be recorded any day now. Lake Haven is all dressed up with no where to go yet. In total there are 61 lots, all about an acre. Sixteen of those lots surround the 7–acre lake. LakeHavenArialThe picture on the right shows an arial view of the land before the roads were cut in. There is also a 100 foot waterfall south of the lake that is planned to have a nature trail along with 66 total acres of common space. The whole development is about 100 acres, giving you a density of roughly .6 homes per acre. The finished homes in the neighborhood will range in price from $1.2MM and up. Of course, up…you can always go up! The lots in the front of the neighborhood along Freemanville start at $280K, and lots on the lake are $410k. The neighborhood will not be gated and it will not have swim or tennis facilities. No swim/tennis is my only knock on the development (if it must be developed, that is ;->). No gate and no amenities will keep the homeowner’s association dues low and if you are building a million dollar home I suspose you can put in your own pool. However, my humble opinion is the a neighborhood pool – and it doesn’t have to be a junior olympic sized pool either – and a couple of tennis courts are a “nice to have” particularly if you are spending so much to live there in the first place. Plus it allows a greated sense of community as you can meet your neighbors at the pool on Friday after work or for tennis on Saturday morning. If you are familiar with the Six Hills neighborhood, the look and feel that they hope to accomplish at Lake Haven will resemble the homes in the front portion of Six Hills: relaxed country look with shake roofs, front porches, breeze ways, etc. To control the architecture in Lake Haven, the developer has put together a builders group which consists of some of the top builders in the area. Each builder has drawn by lottery three lots to date. If you want to purchase a particular lot you will be asked to work with the assigned builder if at all possible. Of course exceptions can always be made, but that is the model they have put in place. The builders were initially required to build two spec homes each. However, with so many million dollar homes on the market in Milton, that requirement is likely to be reduced to one home per builder. Three or four non-builder-assigned lots have been purchased to date with the buyers putting down $5,000 non-refundable deposits. Some of these people are ready to start construction as soon as the City of Milton gives the go-ahead, hopefully this Fall. That leaves ony 19 of the 61 lots spoken for in some way or another, and in actualily, all the builder’s lots are available, too; you just need to try to work with that particular builder. There are a lot of great lots in Lake Haven and all of them have fantastic hardwood trees on them. There are also some in the back of the neighborhood that back up to the Cooper Sandy Creek, so plently of opportunity still exists in this neighborhood, which I believe will ultimately become one of the nicer ones in Milton because of the small size of the neighborhood, the style of homes and the beautiful terrain and woods.

http://www.alpharettarealestatehomes.com/0038CB
Posted on August 16, 2007 22:17:17 by Real Estate Blog Author   Kevin.Warmath Real Estate Blog Categories   Posted in New Construction, Milton Real Estate
Comment from: will [Visitor] Email · http://bestbuy.com
good job!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Lake Henan ROCKS!!!!!!!!!!!!!!!!!
PermalinkPermalink August 23, 2007 16:12:09
Comment from: TONY PARESI [Visitor] Email
KEEP INFORMED AS PROGRESS DEVELOPES. I'M INTERESTED IN A LAKE FRONT HOUSE. I EXPECT TO BE DOWN WITHIN THE NEXT TWO MONTHS.
PermalinkPermalink October 18, 2007 12:26:20
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Kevin Warmath
PRESIDENT - Warmath Real Estate @ Keller Williams
direct: 678.438.3041
fax: 866-233-6636
email: Kevin@WarmathRealEstate.com
Keller Williams North Atlanta
5780 Windward Parkway, STE 100 Alpharetta, GA 30005
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