AND JUST IMAGINE HOW WELL THEY’D DO IF THERE WERE JOBS OR SHOPPING NEARBY! Discovery at Spring Trails, Land Tejas’s gated and solar-panel-badged community north of Spring, is selling well, says Lisa Gray: “. . . only a few weeks after Discovery put itself on the market, and without even a finished house that would-be buyers can tour, most of the lots ready for building have been optioned, and the developer is scrambling to make more available fast. In fact, Discovery is off to the fastest start of any development in the company’s 11-year history, and Land Tejas expects demand to pick up even more this fall. Already, propelled mostly by Google searches, 200 to 300 people a week are touring the neighborhood’s ‘Discovery Center.'” [Houston Chronicle]
The charms of gated acreage near Lake Conroe: large, wooded lakefront homesites, plus only a 25 minute commute . . . to The Woodlands! Oh, and if we’re talking about 1400-acre Crown Oaks in Montgomery County, lots of lawsuits, too!
Last year, the Crown Oaks Property Owners Association, along with individual homeowners, sued Affiliated Crown Development LTD, citing poor structure of the two manmade lakes in the development, located outside Montgomery.
But so much has happened since then: After new board members decided the developer would finally work with them to solve the lakes’ problems, the property owners association dropped its suit this fall. But now two groups of 10 individual homeowners have hired separate legal teams to continue their lawsuit against the developer. And in turn, the developer is now suing the engineering and construction firms it hired to build the dams on both lakes.
But there’s even more lawsuit fun:
“The POA tried to get out of the suit as a plaintiff, so my group has also sued them,” [homeowner attorney Kevin] Forsberg said. “The individuals were not satisfied. … Even though the POA started working with the developer in the hopes that the lakes would be fixed, nothing has actually been done.”
What’s it like to build your home on a lake that doesn’t bother to show up? Thanks to the amazing power of the internets, you can experience all the highs and lows of manmade-lakefront real-estate investing yourself — from the comfort of your own computer! Watch videos and read details of the whole dam story . . . after the jump!
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