New Construction Continues at Dover Bay Resort in Sandpoint, Idaho

Despite the present day economic conditions, Dover Bay Resort, near Sandpoint Idaho, has a healthy pace of building activity underway or planned for the winter. Several custom homes are nearing completion, while Dover Bay Development is moving forward with permits and construction in several of its neighborhoods.

Here is an inventory of the current building activity at Dover Bay Resort:

Dover Point (the exclusive 9 waterfront homesites in West Dover or ‘Tank Hill'): Hope Builders is finishing interior work on a custom waterfront home on Lot 6; Tom Runa Architects has designed a plan for a custom home on Lot 4 of Dover Point, and the site is currently being engineered for the foundation and road; a personal client is closing on lots 7&8 and working with local architects to design and engineer plans for their custom home. With this closing their will be no more homesites available on Dover Point, meaning 30 waterfront lots have now sold in the resort. The newly released Sunset Estates in West Dover will be the final waterfront custom homesites to be sold.

Another waterfront neighborhood, Riverside, has several beautiful homes in progress. On Lot 5 there is a 5000 square foot custom home by Dan Herbie Construction out of CDA, which is nearing completion. Lot 12 (closer to Marina Town) has another custom home that is almost complete, built by Mountain View Construction. Next door to this is a spec home that is now offered at $2.395 million.

Across the street on Bergstrom Avenue there are three homes by Sandpoint Builders which are nearing completion (one of these is pre-sold). Western Luxury Homes has completed another spec home next door to these. Reedwalk is the neighborhood with all homesites offering frontage on Brown's Inlet. A new custom home by Homestake Construction is now framed on the first lot adjacent to Dover Way.

Dover Bay Development is also continuing to move forward on several neighborhoods. The strategy has always been to start construction on new buildings as contracts are received. This conservative approach has served Dover Bay very well. For the Cottages at Dover Meadows, permits have been pulled to construct 2 Cottages in phase 2, the Stockdale plan on lot 2 should be completed in time for its buyer to close in January, and the Sexton plan on Lot 2 has been coming along quickly. This house is now framed, landscaping is in, and the drywall should be completed soon. The timing for a buyer is ideal in that they still have the opportunity to choose all their interior finishes and colors.

Marina Town, the luxury waterfront condominiums, has a new building that was completed this month. The bottom two units have already sold, leaving the two top floor condos remaining. Two reservations have already been received on the next building which could begin construction this winter. Bayside South, the secondary waterfront condos facing Marina Town, have also been a very successful product. All the units in the existing buildings are sold, with the exception of the model in building 3. There are two reservations on a future building, with either building 4 (facing Marina Town) or building 11 (facing wetlands) having foundations poured and ready to go with the next buyer.

The first six Bungalows in the Parkside neighborhood, rounding out the Marina Village, will likely be started in the next week or two (weather depending). The permitting process has been completed, and foundations are ready to be poured. One of these will be a model home which will host open houses in the Spring. These Bungalows will be similar to the 19 Beach Bungalows which were completed in June as a rental product for the resort. The new for-sale bungalows in the Parkside neighborhood will feature larger, improved floor plans with lofts.

All in all there is a very healthy pace of building activity at Dover Bay Resort, not only by the principal developer but by some of the top builders in the area. There seems to be an appropriate amount of spec building going on, so that Dover does not have to suffer from any oversupply issues even in a slower market.