Bella Vista, Northwest Arkansas

Location

* Nestled in the beautiful Ozark Hills (Northwest Arkansas), Bella Vista Village is a member based community Bella Vista has been a community of constant change and unparalleled growth. The private resort/recreational community consists of 37,000 acres, covering 50 square miles, which includes the amenities of the village.
* With seven golf courses, eight lakes, four clubhouses and dining facilities, two recreational complexes that offer fitness, tennis, and swimming and a wide range of social and cultural activities, Bella Vista has an appeal for every age group.
* The amenities make Bella Vista Village one of America's most desirable resort/recreational destinations, and it is the quality of life that will continue to contribute to the further growth of Bella Vista.

Bella Vista in Demand

Northwest Arkansas Ranked 2nd best place in the US for Recession Recovery, 3rd fastest growing county in the US, and unemployment rate 50% lower than nations average.

Contributing to the Growth has been the recent demand for property in Bella Vista from retirees in the US from states such as California. People are finding the area not only beautiful but full of amenities, new schools and top of the line healthcare.

US News & World Report ranked Bella Vista one of the TOP 10 BEST healthiest places to retire in the US.

Infrastructure In Response to Growing Demand

* Recent growth and demand led to the creation of the new Northwest Arkansas Regional Airport located only 20 miles from Bella Vista Village
* A one billion dollar program to improve interstate highways was completed in 2005.
* A further 300 Million 'Bella Vista Bypass' has been planned and will alleviate any congestion from Northwest Arkansas's continuing growth

Continued Growth in Bella Vista

* The Population of Bella Vista has increased 48% since 2000.
* Because of intense recent growth, it has become the nations 3rd fastest growing region
* However, due to the US and World Economic Crisis, the building and development nationwide has been slowed even to an extent in the rapidly growing Bella Vista.
* When the financing and builders return, the strong growth and demand will continue once again.

Bella Vista In Limited Supply

* Bella Vista has a total limit of 38,500 Total Allocated Lots.
* Surpassing 11,000 dwellings, Bella Vista's limited supply of buildable land will continue to increase demand
* Increased pressure will be put on land supply as American families and retirees learn about one of the nation's 'best kept secrets'.
* Kiplinger Magazine named Northwest Arkansas the 7th Best city in America to Live, Work, and Play in 2008.

Lot Description

* 1/3 Acre –1/2 acre lots approx. 14,000 sq ft and up
* Lot is zoned with building permit in place
* Lot includes all utilities –water/sewer, Phone, cable, electricity
* Located close proximity to Lakes, golf courses and country clubs
* 100% Buildable, ready for immediate construction of a single Family Home
* No ongoing costs like when investing in property such as vacancies, property management, or depreciation (maintenance).
* A minimal amount of taxes and POA Fees (maintenance fees).Each lot is about $220 pa (less than $19pm) including both taxes and maintenance.
* Lot includes membership access to golf courses, lakes, swimming pools, boating, hiking, tennis courts, parks, trails, fishing, community events, country clubs and more.

Before the Credit Crunch:-
Lot prices vary, but generally buildable interior lots sold for between $10,000 and $15,000; amenity – enhanced lots (close to golf courses or lakes) sold for between $15,000 and $20,000. Meanwhile, golf-front lots sold for around $30,000, and lakefront lots run between $50,000 and $100,000.

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