Here are some FACTS straight from the Washoe County Assessor records:
- ArrowCreek properties are selling at a premium to those in Sparks and the North Valley.
a.) Thirty nine (39) properties were sold in ArrowCreek between 17 December 2014 and 21 May 2015.
b.) Eight (8) of those properties were on the golf course (the property boundaries actually touch the golf course, not just have a ‘view’ of it). Six (6) of those were homes with an average selling price of $218.96 per square foot. Two (2) were vacant lots with an average selling price of $143,401 per acre.
c.) Thirty one (31) properties sold that are not connected to the golf course. Twenty four (24) of those properties were homes with an average selling price of $230.70 per square foot. Seven (7) properties were vacant lots with an average selling price of $130,056 per acre.
d.) Homes that do not have a boundary with the golf course are selling at a five percent (5%) premium to homes actually on the golf course.
e.) Vacant lots with a common boundary with the golf course, however, are selling at a 10.26% premium over non-common boundary lots.
- The ACHOA (all of US property owners) currently owns 502 acres of vacant land. We haven’t implemented any of the existing plans for hiking trails or exercise stations on our land or improved the Residents Center.
- Only twenty one (21%) percent of our community identifies with ‘golf’ per the Pingle Report.
- The ACHOA Board is spending an awful lot of resources, especially legal hours at $275 per hour, to continue to look for a way to acquire the golf course should the Friends of ArrowCreek offer it for sale.
Given ALL of the above ‘FACTS,’ do we really need another 525 acres? Especially when we’ve done nothing to enhance the property we already own.
Let’s focus our energy on improving the amenities we currently have and expand those amenities by using our already available acreage. Let’s stop the wasteful energy and expenses of trying to purchase another 525 acres, NOW!