Real Estate News 24

Real Estate News 24

More Affordable Housing Could Be Coming To Lake Ozark | Real Estate News – Lake of the Ozarks

Beth McCandry

LAKE OZARK, Mo. — In a banner year for high-priced real estate, a new development will bring lower-cost housing options to Lake Ozark.

Briscoe Ozark Development Group, developer of Fish Haven Apartments and Fish Haven Estates retirement community, is hoping to expand the footprint of lower-cost housing along South Fish Haven Road with two 20-unit complexes adjacent to Fish Haven Apartments. 

 

The Lake Ozark board of aldermen recently gave first-round approval of an ordinance adopting a Planning and Zoning Commission recommendation to rezone 19 parcels of land along Fish Haven Road, Hickory Drive and Forest Hills Road. The rezoning would change the parcels from Manufacturing Home Park Residential and R-1 Low Density Residential, to R-3 Multi-Family residential. The second reading is expected at the regular Aug. 25 board meeting. The board also approved the first reading of an ordinance rezoning property fronting Rt. 242 from R-1 Low-Density Residential to C-2 General Commercial at the request of Briscoe Ozarks Development Group. Ryan Fuller, representing McClure Engineering, said the development group does not have a specific client interested in the Rt. 242 property but wants to market the area as General Commercial to potential clients. 

After final board approval, the next hurdle for the developer will be obtaining tax credits from the Missouri Housing Development Commission, which would help buy down, or subsidize, the cost of the project. The deadline for applying for the tax credits is September with notification expected in December.

Pete Ramsel, representing Briscoe, said that equity raised by selling the tax credits to investors is used to help buy down the cost of the project. Private equity will fund between 85 and 90 percent of the project with the balance borrowed. That helps keep the overall cost down, making the units more affordable to the public, he explained. Ramsel said the two-bedroom units will rent for between $500 and $600 per month, and the three-bedroom units will rent for $550-$650 per month. 

“They are very, very affordable,” Ramsel said. “If people make too much money they can’t live there. There is no rental assistance. The difference between low-income housing and affordable housing is that these people live in the community, work in the community and pay rent.”

Fish Haven Apartments Phase 3 will offer units on a fixed income basis. Phase 1 of the Fish Haven developments – Fish Haven Apartments – opened in early 2016. Fish Haven Estates, the senior living community across from the apartment complex, opened in early 2018 as Phase 2.

One of the proposed buildings would be located at Fish Haven and Hickory Drive. The second would be located on South Fish Haven just west of Fish Haven Estates. “The first two phases have been great,” Ramsel said. He also praised Briscoe Development Group and McClure Engineering, the engineer firm for all three phases, for their partnership in the projects. Ramsel also noted that a million-dollar Community Development Block Grant from the Missouri Department of Economic Development approved several years ago to build a regional lift station was another key factor in creation of the Fish Haven complex.

Renderings of the planned development are below:

$429,000

  • Bedrooms: 4
  • Bathrooms: 3
  • Square Feet: 2800 ft2

RE/MAX Lake of the Ozarks

573-302-2390

Currently Open

$475,000

  • Bedrooms: 4
  • Bathrooms: 4
  • Square Feet: 3033 ft2

$224,000

Berkshire Hathaway HomeServices – Schrimpf Real Estate Group

573-365-7333

Currently Open

$425,000

  • Bedrooms: 3
  • Bathrooms: 4
  • Square Feet: 3188 ft2

573-374-2555

Currently Open

$1,250,000

RE/MAX Lake of the Ozarks

800-836-2005

Currently Open

$2,500,000

  • Bedrooms: 5
  • Bathrooms: 7
  • Square Feet: 7689 ft2

573-348-2181

Currently Open

$429,000

  • Bedrooms: 4
  • Bathrooms: 3
  • Square Feet: 2800 ft2

RE/MAX Lake of the Ozarks

573-302-2390

Currently Open

$175,000

Brokered by EXP

573-346-2345

Currently Open

$3,250,000

  • Bedrooms: 6
  • Bathrooms: 5
  • Square Feet: 7300 ft2

RE/MAX Lake of the Ozarks

800-836-2005

Currently Open

$3,200,000

Smarter Move Real Estate Group

573-544-3587

Currently Open

$405,000

  • Bedrooms: 4
  • Bathrooms: 3
  • Square Feet: 3000 ft2

Brokered by EXP

573-346-2345

Currently Open

$249,900

  • Bedrooms: 3
  • Bathrooms: 2
  • Square Feet: 1448 ft2

$675,000

  • Bedrooms: 3
  • Bathrooms: 3
  • Square Feet: 3515 ft2

RE/MAX Lake of the Ozarks

573-302-2390

Currently Open

$385,000

  • Bedrooms: 3
  • Bathrooms: 3
  • Square Feet: 1900 ft2

$1,500,000

  • Bedrooms: 6
  • Bathrooms: 7
  • Square Feet: 7890 ft2

Missouri

573-216-4350

Currently Open

$358,000

  • Bedrooms: 3
  • Bathrooms: 4
  • Square Feet: 1940 ft2

Missouri

573-216-4350

Currently Open

$759,000

  • Bedrooms: 4
  • Bathrooms: 3
  • Square Feet: 3312 ft2

Smarter Move Real Estate Group

573-544-3587

Currently Open

$299,900

  • Bedrooms: 3
  • Bathrooms: 3
  • Square Feet: 1770 ft2

$249,500

  • Bedrooms: 2
  • Bathrooms: 2
  • Square Feet: 1034 ft2

573-348-2181

Currently Open

$759,000

  • Bedrooms: 5
  • Bathrooms: 3
  • Square Feet: 3034 ft2

RE/MAX Lake of the Ozarks

573-302-2355

Currently Open

$820,000

  • Bedrooms: 4
  • Bathrooms: 6
  • Square Feet: 5404 ft2

RE/MAX Lake of the Ozarks

573-302-2355

Currently Open

$774,900

  • Bedrooms: 7
  • Bathrooms: 5
  • Square Feet: 3326 ft2

Berkshire Hathaway HomeServices – Schrimpf Real Estate Group

573-365-7333

Currently Open

$879,900

  • Bedrooms: 4
  • Bathrooms: 4
  • Square Feet: 2800 ft2

RE/MAX Lake of the Ozarks

573-302-2355

Currently Open

$30,000

KW Four Seasons Realty

573-552-7230

Currently Open

$4,495,000

  • Bedrooms: 7
  • Bathrooms: 7.5
  • Square Feet: 8454 ft2

$1,499,000

  • Bedrooms: 5
  • Bathrooms: 5
  • Square Feet: 5988 ft2

RE/MAX Lake of the Ozarks

800-836-2005

Currently Open

$790,000

  • Bedrooms: 4
  • Bathrooms: 4
  • Square Feet: 5376 ft2

Lake Ozark Real Estate

573-480-9866

Currently Open

$1,750,000

  • Bedrooms: 3
  • Bathrooms: 5
  • Square Feet: 4780 ft2

573-348-2181

Currently Open

$1,195,000

  • Bedrooms: 5
  • Bathrooms: 5
  • Square Feet: 4000 ft2

RE/MAX Lake of the Ozarks

573-302-2355

Currently Open

$650,000

Berkshire Hathaway HomeServices – Schrimpf Real Estate Group

573-365-7333

Currently Open

$359,900

  • Bedrooms: 3
  • Bathrooms: 2
  • Square Feet: 1520 ft2

Berkshire Hathaway HomeServices – Schrimpf Real Estate Group

573-365-7333

Currently Open

$2,120,000

  • Bedrooms: 12
  • Bathrooms: 8
  • Square Feet: 5480 ft2

Smarter Move Real Estate Group

573-544-3587

Currently Open

$800,000

  • Bedrooms: 4
  • Bathrooms: 4
  • Square Feet: 4400 ft2

RE/MAX Lake of the Ozarks

573-302-2390

Currently Open

$749,900

  • Bedrooms: 2
  • Bathrooms: 2
  • Square Feet: 1410 ft2

Berkshire Hathaway HomeServices – Schrimpf Real Estate Group

573-365-7333

Currently Open

$1,499,900

  • Bedrooms: 5
  • Bathrooms: 5
  • Square Feet: 4602 ft2

RE/MAX Lake of the Ozarks

573-302-2355

Currently Open

$524,900

  • Bedrooms: 3
  • Bathrooms: 3
  • Square Feet: 2932 ft2

573-374-2555

Currently Open

$598,000

  • Bedrooms: 5
  • Bathrooms: 3.5
  • Square Feet: 3700 ft2

$515,000

  • Bedrooms: 6
  • Bathrooms: 4
  • Square Feet: 3024 ft2

573-348-2181

Currently Open

$5,450,000

Keller Williams Lake of the Ozarks Realty

573-348-9898

Currently Open

$569,000

Berkshire Hathaway HomeServices – Schrimpf Real Estate Group

573-365-7333

Currently Open

$849,000

  • Bedrooms: 3
  • Bathrooms: 4
  • Square Feet: 5040 ft2

RE/MAX Lake Of The Ozarks

573-836-8042

Currently Open

573-836-8042

Currently Open

573-836-8042

Currently Open

573-836-8042

Currently Open

573-836-8042

Currently Open

573-836-8042

Currently Open

Family Boating Center

573-365-4001

Currently Open

Family Boating Center

573-365-4001

Currently Open

573-552-8550

Currently Open

573-836-8042

Currently Open

573-836-8042

Currently Open

573-836-8042

Currently Open

573-365-5382

Currently Open

Family Boating Center

573-365-4001

Currently Open

573-365-5382

Currently Open

573-836-8042

Currently Open

573-836-8042

Currently Open

573-836-8042

Currently Open

$1,285,000

573-365-5382

Currently Open

573-836-8042

Currently Open

Family Boating Center

573-365-4001

Currently Open

573-836-8042

Currently Open

573-365-5382

Currently Open

573-836-8042

Currently Open

573-836-8042

Currently Open

573-552-8550

Currently Open

573-836-8042

Currently Open

$77,900

Family Boating Center

573-365-4001

Currently Open

573-836-8042

Currently Open

573-836-8042

Currently Open

  • Condition: New
  • Mileage: 48

Family Boating Center

573-365-4001

Currently Open

$19,900

573-365-5382

Currently Open

Family Boating Center

573-365-4001

Currently Open

573-836-8042

Currently Open

573-836-8042

Currently Open

Family Boating Center

573-365-4001

Currently Open

573-836-8042

Currently Open

573-836-8042

Currently Open

573-836-8042

Currently Open

573-365-5382

Currently Open

573-836-8042

Currently Open

573-836-8042

Currently Open

573-836-8042

Currently Open

573-836-8042

Currently Open

$68,900

573-365-5382

Currently Open

573-836-8042

Currently Open