Havasu RV Resort, a nearly 28-acre complex north of Lake Havasu City, Ariz., will open at the end of this month and the owner believes all 169 spaces will be sold relatively soon, according to the Havasu News Herald.
The facility will be the only RV condominium resort in Lake Havasu City and, judging by the initial response – sales of $1.5 million on 33 spots in 30 days – owner Tony Caputo does not expect to wait long to sell all 169 spaces.
Eventually, the resort will balloon to 407 spaces.
“We are turning people away every day who want to stay here,” Caputo told the News Herald. “I wish we were open. People are interested in this because it’s getting harder to get rental spots in Lake Havasu City, and the prices are going up.”
He estimated the value of the lots in his project will double in the next five years.
The new resort will provide recreational opportunities for residents, as most other RV resorts do, but it also features a professionally designed, nine-hole putting course, and a nine-hole chip-and-putt course, both covered in artificial turf. In fact, the entire site uses artificial turf wherever real grass would be planted. So far, Caputo said, he has invested $40,000 in artificial turf.
Work continues on the 5,600-square-feet clubhouse, and its accompanying outdoor spa and pool. The 500-foot-long, parklike area in the middle of the complex features a 150-foot stream with a 10-foot waterfall outside one of the clubhouse doors.
A large fire pit area with a lake view will be available, along with two bocce courts and three horseshoe courts.
Owners may choose among lots priced from $29,900 to $74,900. The minimum lot is about 35 feet by 55 feet, and a standard concrete pad is 20 feet by 60 feet, except on lots for park models.
Caputo said typically, an RVer buys a $75,000 lot and then invest $50,000 upgrading it with features such as a spa, storage building, outdoor fireplace and barbecue set for outdoor entertaining.
“People will spend this,” Caputo said. “They’re already driving $1 million motorhomes.”
However, to keep prices in line with other Lake Havasu City properties, Caputo said, half the park has lower-end prices, where park models can be purchased. When the structure, ranging from $44,000 to $53,000, is added along with landscaping, the investment would be about $75,000. The price includes furniture and awnings, which can be selected from various packages.
“People have said they were looking for something like this and they’re glad we’re doing this,” Caputo said. “There’s been a lot of enthusiasm. In fact, some people have asked if I need another partner.”
Selman and Associates, as the exclusive broker, is working with other Realtors on the project. Lot owners can arrange to have the property rented when they are away. Caputo said some local residents have purchased lots with the intention of renting them out. He has sold about half them to local residents and half to out-of-towners.
Caputo said that until all the lots are sold, spots would be rented out. “What we find is that a lot of people rent the first year, and then they buy the next year,” he said. “We have a lot of people in town buying two or three spaces on spec, and we will rent them out for these people.”