BEST ANSWER
If the prices of all of the lots sold in the Village over the last 2 years were averaged, because of the large variety of lots this still wouldn't give you a useable figure to work with in determining what you might pay for a buildable lot here. The first question is...what is a buildable lot? Any lot may be built on as long as it passes a percolation test that allows for a septic system to be installed for the home. The cost of building a home is determined by many factors, including the style of the home and the terrain that the home is to be built on. Cherokee Village is spread out over 13,000 mostly wooded acres and is located in the Ozark Foothills, so we have some level areas, some gently sloping areas, and some areas that are quite hilly. Should you decide to build a home on a hillside because you fall in love with a view, for example, the costs of building on this hillside might be considerably higher than the cost of building on a more level lot due to excavation. This is one of the reasons that most homes in our area other than lakehomes are one-level and don't have basements. The location of the lot within the Village also is important. Would you like to live on a lake, have a lake view, or be walking distance to lake access (we have 7 man-made lakes within our city limits, which is one of the big draws for our area)? Would you like to have one of these choices with one of our two championship golf courses? Do you want to build where neighbors will be close-by or would you prefer to build in a more isolated area where so far not many homes have been built? We have unimproved, wooded lots listed in a range of less than $2,000 to $9,500. Lake and golf course view lots are a bit higher, when available. Golf course lots range in price from $19,500 to $39,900, and lakefront lots range in price from $25,000 to $94,900. These are all properties that are being re-sold for private owners, and the owners' prior investment in the lots is part of the determination of how they allow their lots to be listed, along with factors such as neighborhood, terrain, the amount of golfcourse or lake frontage, on lakefront lots whether the frontage is in a cove and the depth of the water, etc. With today's economy being what it is, we have some motivated sellers, so prices are being negotiated to a comfort zone good for both buyers and sellers. Cherokee Village is a beautiful place to live, and if you're thinking of building here it would be to your advantage to come for a visit and spend a few days exploring so that you may decide where you might like to build in order to determine what price range the lot should be in that will suit your building wants and needs.
Sat Feb 7 2009, 09:10
Fair Housing and Equal Opportunity