Parkside Bungalows at Dover Bay Resort exceeding expectations

The Parkside Bungalows at Dover Bay Resort are one of the more exciting resort real estate opportunities to be offered in the Sandpoint area in a few years. This is a prime example of a developer who anticipates and responds to the current market and interests of the buying public. The key to these bungalows is the value, efficiency, and location in the heart of all the new amenities at Dover Bay.

Earlier this summer (2008) Dover Bay completed construction of 19 Beach Bungalows, along with a new Fitness Center and Pool, Volleyball court, Cafe and Market. The Beach Bungalows are intended to be a rental product only (not for sale), to be retained by the developer as a means of supporting the amenity structure at Dover as the resort becomes a four season destination. By all accounts these rental units have been a rousing success. Many locals and weekend visitors have discovered that these bungalows are the perfect setting for a vacation for families and friends. Sandpoint has not had many high-end resort hotel options, and this serves the bill nicely. The Bungalows are free standing homes with fireplaces and vaulted ceilings, with the advantage of not having to share walls, take an elevator, or walk a long hallway to your room.

After offering these Beach Bungalows for rent, there had been tons of comments asking if they would be for sale. People love the idea of owning a small 'family lake cabin' where they can stay for weekends, and then perhaps rent out when they aren't around. Dover Bay Development decided to take the land between the Marina Village and Brown's Inlet to build a larger, better version of these that would be for sale. This has led to the Parkside Bungalows, which have been released for reservations as of July 08.

The floor plans for these Parkside Bungalows are just being completed. They will offer 1 and 2 bedroom plans, with 1 to 2 baths., priced from $198,500 to $268,500. Most buyers are electing to add a loft, which really provides a generous amount of extra space for $25,000 or less. This takes the total square footage to up to 1200 square feet. Waterfront plans are available with stunning views overlooking Browns Inlet- these are offered at under $400,000 but there are only two of six remaining.

The developer is bound and determined to exceed expectations and provide added value to the first buyers of Parkside. Granite countertops will be standard for the first buyers. Lofts are being given 'dormers' at no extra charge, which will allow for substantial headroom. All of the Bungalows will come with fireplaces, washer/dryer, dishwasher, and ample storage space. Their is now going to be an option to add a bathroom to the loft, so that one could have a 2 bdr plus loft, with 2 baths for under $300,000!

Another important change to the Bungalow planning was the legal description changing from condo to that of 'single family detached home'. This is an important change as it will make it substantially easier for buyers to secure financing. Dover Bay is also working on a finance package to make it even more attractive.

Dover Bay Development is also working on some exciting additions to its newest neighborhood. Subject to Army Corps approval, there will be a boardalk along the water of Brown's Inlet, a sandy beach with a dock for fishing, canoeing, swimming, in addition to brick barbeque pavilions scattered throughout. This community will be completely maintained with walking paths, beautiful lawns, flower beds, etc. Snow removal to include the driveways, roads, and walking paths all the way to the doors will be provided in the winter. The HOA fee for all of this, including exterior building maintenance, will be just $151 per month.

The site for phase 1 of the Parkside Bungalows has been entirely cleared, retaining as many trees as possible. The first 25 bungalows have been staked out and labeled so that prospective buyers can walk their homesite to see precisely where they are located and what views they may have. Construction is expected to begin any day, as soon as the final permit is received from the Dover Fire Dept. There was some delay in construction, caused by the change from condo to single family home. But in the end this is going to be a huge deal for everyone as they get their financing in order.

Some people are looking at the Parkside Bungalows as a part time retreat and hope to offset their costs by renting their bungalow. Dover Bay Property Management has developed a Rental Management program which owners can elect to use. However in order to be fair and ensure the best deal for owners, Dover is going to get an additional 3 proposals from area property management firms. The first buyers will have the opportunity to select which rental company they want to use. While the Community Charter requires all of Parkside to use one rental management firm, it may or may not be Dover Bay Prop Mgmt that ends up getting the business.