Snowbirds Investing in Scottsdale Real Estate

Nov. 7, 2011 - PRLog -- SCOTTSDALE, ARIZ. – Fall has fallen upon us and for residents of Scottsdale, Arizona that means one thing… Snowbirds will be flocking to Arizona to enjoy great weather, dining and entertainment. Scottsdale offers winter snowbirds an alternative lifestyle where amenities are at their fingertips and there is no lack of sunshine and no sign of snow and freezing temperatures.
The snowbird season has always provided a much needed cash infusion into Scottsdale and surrounding area businesses and this year will be no different. But with the state of the current real estate market, snowbirds who once rented condos and or hotels for months at a time are now looking to capitalize on the depressed real estate market by buying second homes at extreme discounts.

Scottsdale has always been one of the top destinations in the US for second home buyers but with the current home prices in Scottsdale, and historically low interest rates, second homes are within reach and reason for many snowbirds.

A seasonal furnished rental can usually cost anywhere from $2,500 a month to over $5,000 a month here in Scottsdale. Condo prices on the re-sale market are starting anywhere from around 100K to 500K+ depending on the size, location, amenities offered and upgrades. Breaking this down monthly into a mortgage payment, it won’t take long to see buying has a lot of advantages and opportunity for snowbirds and Canadians alike.

“Prices have come down so far here in Scottsdale, that buying can be cheaper or a better option for seasonal visitors” Says Chad Tornabeni, part owner of Capital Realty, a Scottsdale based real estate firm working with Canadians and second home buyers. ”Buying a second home offers place to visit year around and savy buyers can rent out their furnished property when they are not using it for significant profit.”

“Scottsdale always has been a popular destination for tourist, whether it be the weather or golfing, hiking, dining or relaxation, owning a property here allows you to take advantage of that when you want and rent it out to others when you don’t. Scottsdale offers a variety of options for buyers, whether it be lock and go, low maintenance condo options or more private homes. It really comes down to personal preference and your investment goals.”

Below, we have highlighted a couple popular communities for snowbirds this season:

The Sage Condos in Scottsdale:

The Sage Condos in Scottsdale offers combines the privacy of spacious single-family living with the luxury of a maintenance-free lifestyle in a quiet, tree-lined enclave steps away from world-class shopping, dining and entertainment.

Located near the intersection of Camelback and N. Scottsdale roads, Sage is an eight-minute walk from historic downtown Scottsdale, six minutes away from Fashion Square Mall and a 20-minute drive from Sky Harbor International Airport. Three, three-storey buildings stretch along the Arizona Canal, offering residents views of Camelback Mountain at either sunset or sunrise across the canal’s waterfront.

The high-end complex features 32 condominiums, 16 two-level town houses and two penthouses. Homes start from the low $300s US and range in size from a 1,598 sq. ft. two-bedroom condo to a 2,155 sq. ft. townhouse with attached two-car garage to the larger 2,760 sq. ft. penthouse. Residents can choose from three condo layouts and four townhouse floor plans.

Sage is located at 4855 N. Woodmere Fairway, Scottsdale. For more information visit Capital Realty at http://selling2arizona.com/sage-condominiums-scottsdale/. Canadian financing is available.

Optima Camelview

Optima Camelview is a dynamic landmark to architectural beauty and one of the most architecturally unique properties in the United States. Optima Camelview offers an exclusive address in the center of downtown Scottsdale unlike anything you have ever seen before. Where blossoming private terraces climb to gardened rooftops in the sky. Floor-to-ceiling glass walls fill your living space with an ever-changing panorama of glowing daytime mountain ranges and star-filled nighttime skies. Sophisticated recreation and relaxation opportunities in a resort-style setting swirl around the heart of Optima Camelview village.

Optima Camelview is located at 7177 E Rancho Vista Dr., Scottsdale. For more information visit Capital Realty at http://selling2arizona.com/optima-camelview-scottsdale/. Canadian financing is available.

Safari Drive

Safari Drive in Scottsdale is a mix of 215 live work lofts with residential condo flats and urban town homes in nine buildings on 4.86 acres in the heart of Downtown Scottsdale on the Scottsdale Canal. Safari Drive residences feature the outstanding finishes and style you would expect to find in this premier location with floor plans ranging in size from 800-2400 sq ft.

Safari Drive is located at 4747 N Scottsdale Rd., Scottsdale. For more information visit Capital Realty at http://selling2arizona.com/safari-drive-scottsdale/. Canadian financing is available.

These are just a few of the most popular projects for snowbirds this year. Scottsdale offers a ton of options to fit everyone’s lifestyle and budget. For more information visit Capital Realty at http://selling2arizona.com or call 480-990-3465 or email chadt@selling2arizona.com.

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Capital Realty offers professional real estate service and expertise primarily on residential Real Estate serving the Scottsdale and Greater Phoenix Area.