Baller disland Posted October 27, 2010 Baller Share Posted October 27, 2010 Does anyone know what happened to Pentalago. Last I heard they canceled their tournament. Did they ever get any houses built? Link to comment Share on other sites More sharing options...
scyra Posted October 28, 2010 Share Posted October 28, 2010 its where you want to live Link to comment Share on other sites More sharing options...
jrs Posted October 29, 2010 Share Posted October 29, 2010 http://www.pentalago.com/features.html Link to comment Share on other sites More sharing options...
dancin4 Posted January 13, 2011 Share Posted January 13, 2011 I was just there in Dec...two lakes are still there...pastue land,two houses. Not for me. Link to comment Share on other sites More sharing options...
Old MS Accout Posted January 14, 2011 Share Posted January 14, 2011 Same as rest of the US waterski lake market. To much $$$ and not enough waterskiers making enough $$$ to buy. Most developers holding lots on these lakes are in $$ trouble. Link to comment Share on other sites More sharing options...
Baller Razorskier1 Posted January 14, 2011 Baller Share Posted January 14, 2011 I agree with MS (wait, this is becoming a trend!). The ski lake market is oversupplied and overpriced. Not sure what it is going to take to bring prices down other than projects going bankrupt. Developers seem to think prices will rebound if they just wait long enough. I don't see it. Surveying just a small slice of the ski lake market, there are markets that have as many lots as they do skiers, and not all skiers can or want to live on a ski lake due to $$, location, etc. I think this ends badly. Link to comment Share on other sites More sharing options...
Baller jdarwin Posted January 17, 2011 Baller Share Posted January 17, 2011 Location, location, location. If you develop a ski lake in an area that is not attractive to "non-skiers", you will have a difficult time generating an acceptable ROI. But, if you build in a desirable location that just happens to have a ski lake adjacent to it, your chances of success are much greater. The ski lake market may be saturated in certain areas of the country but I could identify several areas where ski lakes would succeed due to the lack of suitable public water. You have to undertake market research to determine where the areas of "potential" success lie and the associated costs of building in those areas. Link to comment Share on other sites More sharing options...
Baller disland Posted January 17, 2011 Author Baller Share Posted January 17, 2011 Princeton Lakes has been very successful. To Joe's comments we have a lot of non skiers who like living on a lake and proximity to DFW can support that Link to comment Share on other sites More sharing options...
Old MS Accout Posted January 18, 2011 Share Posted January 18, 2011 I failed to mention location as the key. No dought that if there are no lakes to be had, you will have people that will invest. If you saturate the market in a location, you will run into trouble. Link to comment Share on other sites More sharing options...
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