LI developments with lots of extras
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Residential developments on Long Island have been in sleeper mode because of the weak economy. But pumped up advertising and marketing, a reduction in asking prices and a perkier housing market have transformed some communities from barely lukewarm to smokin'.
In the meantime, some communities have turned up the heat on their advertising and promotions as a way to attract buyers who may need the extra push. And some of these developments have dramatically reduced prices - providing perhaps the biggest motivation for buyers.
"With more targeted advertising, a drop in price and improved economy, we're now seeing 40 to 60 visitors a week and a lot of sales activity," says Annette Mina, associate broker at Prudential Douglas Elliman Real Estate in East Islip and listing agent at Oak Creek Commons, a condo community for those 55 and older in Oakdale. "We've seen six new units in contract in just the past few weeks, with other units closing."
The same is true at Mariner's Walk in Oyster Bay, a development of 28 attached town houses. Only five units are left, and there have been nine sales so far this year, says co-listing agent Barry Paley, licensed sales associate with Century 21 Laffey Associates Fine Homes & Estates in Brookville.
Here are five Long Island developments that are "hot," and one home from each on the market.
Mariner's Walk
TYPE OF COMMUNITY 28-unit community of three-story town houses; five units remain unsold
WHY IT'S HOT Only community of its kind in the area that is near the downtown Oyster Bay corridor; there have been nine sales this year
PRICE RANGE $549,900 to $649,000; prices were lowered in 2009
WHEN OPENED 2008
SPECIAL FEATURES Clubhouse, fitness center, private road, courtyards, some units have elevators, located about one-quarter mile from downtown, one-half mile from the Long Island Rail Road station
AGENTS Paige Dawson and Barry Paley, Century 21 Laffey Associates, 516-922-9800
For sale
27 Mariner's Walk
PRICE $619,000
TAXES $10,315
COMMON CHARGE $391 monthly
BEDROOMS 2
BATHROOMS 2 1/2
PARKING Two-car garage
SPECIAL FEATURES Fireplace; den; GE stainless-steel appliances, granite countertops; double vanity; patio
JERICHO
The Horizon at Jericho
TYPE OF COMMUNITY 29 single-family homes in a gated community; 10 remain unsold
WHY IT'S HOT High-end homes that can be customized; four units have sold this year; more luxury features now included, such as upgraded flooring and better quality of stainless-steel appliances with a higher energy efficiency rating
PRICE RANGE $1.29 million to $1.62 million; prices have not dropped
WHEN OPENED 2007
SPECIAL FEATURES Community offers high-end homes, some with elevators; shopping is one-quarter mile away; LIRR is three miles away; plot sizes range from a quarter-acre to a half-acre; choice of stone and stucco, stone and brick, or brick homes.
AGENT Roberta Feuerstein, director of sales at the Horizon and licensed associate broker at Shawn Elliott Luxury Homes and Estates, 516-496-4200
For sale
20 Annette Way
PRICE $1.29 million
TAXES $20,000
COMMON CHARGES $250 monthly
BEDROOMS 4
BATHROOMS 3 1/2
PARKING Two-car garage
SPECIAL FEATURES Kitchen with Energy Star stainless- steel appliances, cherrywood cabinets, stone countertops and center island; oak floors; patio; master bathroom with whirlpool tub; crown molding; fireplace; quarter- acre plot
MELVILLE
The Villages West at Huntington
TYPE OF COMMUNITY 245 town houses and freestanding single-family homes in a manned, gated community; six remain unsold
WHY THIS COMMUNITY IS HOT Offers a variety of home styles at a variety of prices, with numerous amenities and the security of a gated development; nine units have sold this year; a 5- to 10-percent price drop has helped
PRICE RANGE $450,000 to $850,000
WHEN OPENED 2006
SPECIAL FEATURES Outdoor pool, clubhouse, playground, basketball court, two tennis courts, hiking path, near shopping, two or three miles to LIRR
AGENT Patrick Valente, Century 21 Laffey Associates Fine Homes & Estates, 516-625-0944
For sale
113 Brattle Circle, two-story town house
PRICE $799,000
TAXES $9,373
COMMON CHARGES $280 monthly
BEDROOMS 3
BATHROOMS 2 1/2
PARKING One-car garage and one additional space
SPECIAL FEATURES Kitchen with stainless-steel appliances, stone countertops, white painted maple cabinets and breakfast area; master bath with double vanity; walk-in closet in master bedroom; attic; high ceilings; full, unfinished basement with 9-foot ceilings; central air-conditioning; washer/dryer; carpeting and hardwood floors
OAKDALE
Oak Creek Commons
TYPE OF COMMUNITY 32 condos for people 55 and older; 22 units remain unsold
WHY IT'S HOT New condos for a much more attractive price than originally listed for and the community allows pets; 10 units have sold this year
PRICE RANGE $329,000 for all units; prices have been reduced by $100,000
WHEN OPENED 2008
SPECIAL FEATURES All units have two bedrooms and two bathrooms; second-story units have a loft and balcony. The community is a half-mile from shopping and a quarter-mile from the LIRR station.
AGENT Annette Mina, Prudential Douglas Elliman Real Estate, 631-617-3400
For sale
102 O'Keefe Ct., upper floor
PRICE $329,000
TAXES $5,400
COMMON CHARGES $425 monthly
BEDROOMS 2
BATHROOMS 2
PARKING Unassigned common area parking, but enough spots available for two cars
SPECIAL FEATURES Kitchen has maple cabinets, stainless- steel appliances and granite countertops; combination of carpets and ceramic tile floors; linen closet in the master bathroom; washer/dryer; walk-in closet in the master bedroom
AMITYVILLE
Newpointe Estates
TYPE OF COMMUNITY 132 two-bedroom, two-bathroom condos in a gated community; first-floor units have finished basements; second-floor units have loft and separate storage rooms; 42 units are unsold
WHY IT'S HOT Close to shopping, LIRR and amenities; 35 units have sold this year
PRICE RANGE $349,000 to $449,000; prices have been reduced from a starting point of $399,000
WHEN OPENED 2007
SPECIAL FEATURES Clubhouse with fitness center, kitchen and party room; outdoor pool; quarter-mile from shopping and three blocks from the LIRR
AGENT Jerry O'Neill, director of sales for Newpointe Estates and owner-broker for Coldwell Banker Harbor Light Realty, 631-789-4172
For sale
30 Carolyn Ct., second floor
PRICE $349,990
TAXES $6,200
COMMON CHARGES $286 monthly
BEDROOMS 2
BATHROOMS 2
PARKING One assigned spot, and the community has 176 additional free spots for everyone to use.
SPECIAL FEATURES Carpeting; kitchen with granite countertops, stainless-steel appliances, and choice of four types of cabinetry; walk-in closet in master bedroom; cathedral ceilings; loft; storage room; crown molding; and front and rear balconies
