Description

Spectacular point property centrally located near major attractions, yet peacefully nestled in a quiet country setting. Lot 49 is located in the middle of a cul-de-sac at the highest peak within the Waterford Subdivision on Lay Lake in Sylacauga, AL and boasts 300 feet of waterfront access with a heavenly hill-top view. Since being impounded in 1914 by the Alabama Power Company, Lay Lake is best known for its spotted and largemouth bass fishing, and Lay Lake has hosted bass fishings biggest event, the Bassmasters Classic, four times.

The Waterford Subdivision is 55 miles south of the Birmingham International Airport and one hour west of the Talladega Superspeedway. Only 15 minutes from the Waterford Subdivision is the Farmlinks Golf Course. Voted the highest customer-satisfaction rating by the National Golf Foundation for five consecutive years and ranked the number-one public golf course in Alabama and one of Golf Digests top, national golf resorts, this pristine, 3,500-acre destination is located at Pursell Farms in Sylacauga, Alabama.

Waterford Subdivision is a private, gated community with a very proactive Home Owners Association and building covenants established to ensure quality construction within the development. The Waterford Subdivision permits permanent docks and power boats and provides a common area boat slip and fire pit. Included within the purchase price for lot 49 are health department approved construction plans for an on-site sewage system and house plans.

With several beautiful homes currently under construction in this rapidly developing scenic community, this stunning property is perfectly positioned to steadily appreciate in value. According to the National Association of REALTORS existing-home sales in the area are projected to rise 8 to 9 percent in 2012, followed by another 7 to 8 percent gain in 2013. Home prices are expected to increase 10 percent cumulatively over the next two years. Now is the time to take advantage of this investment opportunity before prices and interest rates rise.