Lakes At North Park was fully developed in 2006 as “Crystal Lakes” by a Chicago IL Developer expecting to capitalize on post Hurricane Katrina high demand for homes. Builder’s expectation was grossly out of line with what Denham Springs is – generally an “afforable homes” market where where buyers can buy a lot of home for a lower price. It’s the same reason PCC Homes or Vicknair Homes and then DSLD Home flourished post Katrina and Crystal Lakes floundered. Initially, only 3 high quality, larger model homes were built and Crystal Lakes failed, was a total flop. In approximately late 2013 to early 2014, development was sold by a Louisiana Bank who had financed the project, name change to “The Lakes At North Park” took place and building of “afforable homes” commensed into 3 filings. NOTE: In 11/2015, this is a healthy development with new home construction taking place.
*****This market update covers the rear 3rd Filing and DR Horton, Inc. is the primary Builder of this specific filing.*****
Sourced through Scoop.it from: activerain.com
Lakes At North Park Denham Springs Home Sales Update Third Filing
I recently completed a new home purchase appraisal in The Lakes at North Park in Denham Springs, just north of North Park Recreation Center. Home Sales Update by Bill Cobb Appraiser 225-293-1500