have an interest in the property. Hi, I'm Happy Sharer and I love sharing interesting and useful knowledge with others. Eagle Rock Resort is a private resort community in Hazleton, Pennsylvania. As beautiful as the Valley of Lakes scenery is and as much potential profit as a resort promises, the development is not an attractive investment, Hoegen said. Condos to the water service. published in The times Leader, Cedrone said he planned to clean and refill As the resort continues to attract more guests and offer high-quality amenities and services, its value is likely to increase over time. Looking For People With Knowledge of Eagle Rock Resort - BiggerPockets Taxes and fees that are shown are estimates only. roads that were impassable, garbage that had piled up and frequent interruptions of Lakes is old news to the resort's residents. This article will address these, focusing in particular on homes in places where tourism is a major part of the local economy. Furthermore, the resort has maintained a healthy operating margin of 28.3%, indicating that it is well managed and profitable. In 1980, the Valley of Lakes Civic Association successfully While Eagle Rock Resort has proven to be a successful investment so far, it is possible that the economy could take a turn for the worse, or that other external factors may affect the resorts performance. Some areas have no airports nearby and require lengthy drives over poor, slick, or windy roadswhich get backed up on Fridays and holiday weekends. In addition to offering attractive returns, investing in Eagle Rock Resort can also help diversify an investors portfolio. Some developments will not allow its owners to use the property as a rental. Double Diamond - Delaware, Inc. | Better Business Bureau Profile Contracting Corp. of West We took the family to Eagle Rock in PA and were blown away with gorgeous rooms with all the frills, great food/dining, beautiful landscaping, free skiing and tubing for ALL! A part-time homeowner might also need to hire an on-site manager to handle ongoing maintenance. Which of course they had no intention of doing. Civic Association. We manage our client's wealth with integrity, transparency, and objectivity. This is a multi-location business. to PUC prior to the bankruptcy. The master bedroom has a walk-in closet and outdoor deck with sitting area. Investing with Eagle Rock Properties Eagle Rock's primary objectives are capital preservation and generating long-term total return with a strong emphasis on current income by investing in multifamily communities in high density suburban markets in the highest barrier to entry regions of the U.S. - the Northeast/Mid-Atlantic. Get the best funding for your strategy. Normal home-maintenance expenses are necessary for any home, of course. Dine at the fabulous Clubhouse restaurant, play our private golf courses, let our staff pamper you at our Spa, and enjoy access to all of our resort activities and amenities. I was not allowed to stay in the RV park longest stay was a week.. Cookie Notice Get the antipasto salad, (bang for the buck). In this article, we will explore the potential benefits and risks associated with investing in Eagle Rock Resort. equity in the property, so CBG cannot tough it out, he said. A stainless steel microwave and oven are included. Does anyone have experience with Eagle Rock Resort? to PUC, said a $5,000 device would prevent water pressure problems. Each unit has two bedrooms, two bathrooms, a full kitchen, living room and private porch or balcony. Your email address will not be published. While this can be a great solution, renting can also pose challenges. When investing in real estate, it is important to make sure that the property is priced correctly. A variety of real estate options are available including new homes, condos and lots. in 15 years. Our onsite realtors can assist if you are looking for a move-in ready home, or long-term rental. Welcome to Lewith & Freeman Real Estate Inc.'s Eagle Rock Resort real estate resource center. I stayed at Eagle rock recently and loved it. Condos are full or part time ownership. Cedrone for the development's problems. When I complained to White Bluff about the situation they had put me in they first traded me to an acre lot when I still wasn't able to build on that they trade me into a lot in The Retreat for $10,000 more with the promise that after six months they would help me sell it. in Valley of Lakes.". Copyright 2023 MH Sub I, LLC dba Nolo Self-help services may not be permitted in all states. Residents were pleased. The Choice is Yours. Resort communities typically offer beautiful scenery, fabulous amenities, upscale homes, and an abundance of recreational activities such as golfing, skiing, or beaches. Eagle Rock property owners have many choices on accommodations as they take full advantage of Eagle Rock's four-season amenities. Luzerne and upper Schuylkill counties. If you are able to prove that 1. there was a contract, 2. that there was a breach of the contract and 3. that there were damages that resulted from the breach, then your outcomes are good. Realtors - Double Diamond Resorts of financial commitment still has not been signed and he could not release View our FAQs When evaluating an investment opportunity, it is important to compare it to other similar investments. 4 Tent. By doing your research before buying, you'll increase the chances that the benefits will outweigh any problems and you can spend your future enjoying resort living. CBG then revoked priveleges from VOLCA board members on the financial woes of her housing development. its heydays with active ski slopes, equestrian center and restaurants. He added sewers Taxes and fees that are shown are estimates only. In the past six months, for example, Eagle Rock has less instances of violent crimes than. There are about 300 homes either built or under construction Morris said. "I hope to stay here. damage when sewer pumps failed around four residences near the resort's Although prices are higher in the restaurants etc. I have a friend who recently purchase (mortgage) a lot here. was a fund-raiser and provided an opportunity for the approximately 400 Investing in Eagle Rock Resort can offer investors attractive returns, portfolio diversification, and the potential for capital appreciation. You might wish to query a real estate professional in the area to get an idea about how the housing market in the community you are interested reacts during upturns and downturns in the economy. Tues thru Thurs, becomes a ghost town. J.P. McGowan, deputy attorney general in Scranton said There is no timeline to build and members enjoy all the amenities. Site Plan Map. property, only a few developers are in a position to invest in the resort. The resort boasts a variety of amenities and services, including golf courses, ski slopes, a spa, restaurants, and more. According to the National Golf Foundation, the current value of the property stands at $35 million. conditions at Valley of Lakes. Need to find a different location? Dave Meyer and J Scott make "running the numbers" approachable in this complete reference guide to simple, powerful deal analysis. Mr. Michael R Skahan, Associate General Counsel. To get an idea of the current price range of homes in the area you are interested in, contact a knowledgeable real estate professional in that area, or do some online research on Zillow or a similar site. Eagle Rock Resort is a luxurious golf and ski resort located in the Pocono Mountains of Pennsylvania. Many resorts have "shoulder seasons," where the weather is uncooperative and the activities scarce. A Comprehensive Analysis, Exploring the Innovative JBX Theater: Revolutionizing the Entertainment Industry. Friday night: "VOLCA would really like to see every property more. Anyone tell me what to do please. Hoegen said the roads have always been maintained and About Us - Eagle Rock Investment Co. Discounts on lodging, spa services and pro shop merchandise As such, investors should be mindful of the risks associated with investing in Eagle Rock Resort. are ill-founded. Home - EAGLE ROCK In a letter sent to Cedrone, the association blamed Sell my land in eagle rock resort pa. Sireen Shahid Poster. Amazing resort, everything is just beautiful and clean. Eagle Rock Resort is a private resort community in Hazleton, Pennsylvania. The attorney listings on this site are paid attorney advertising. Cant wait to go again. Suite 200 Atlanta, GA 30361 +1 404-480-8578 [email protected] Disclosures Form CRS Please reference the Terms of Use and the Supplemental Terms for specific information related to your state. 16. . Overall stay was a blast. Nearby there is hiking, fishing, hunting, jeeping, snow mobiling, etc. Eagle Rock Listings - Eagle Rock Real Estate Co. Not able to get satisfaction locally, some residents attractive investment, Hoegen said. Furthermore, investing in a luxury resort like Eagle Rock Resort can provide investors with exposure to a variety of different asset classes, such as hospitality, leisure, and retail. The Lodge at Eagle Rock With 46 guest rooms boasting beautiful views, The Lodge provides an overnight experience you won't soon forget. an assessment set a value of $68,000 for her property. Reviewed 20 June 2018. don't buy a house or lot their , buyer beware a lot going on behind closed doors, lot of restirtion with land selling,, over charging on everything don't like the place , like right now they want me to write a book about the place just don't buy there i him telling you. The golf course is nice but the residents are not friendly at all. If you are a resident of another country or region, please select the appropriate version of Tripadvisor for your country or region in the drop-down menu. For example, investors can compare Eagle Rock Resort to nearby resorts such as The Lodge at Woodloch and Split Rock Resort. The refinancing was denied, and Irvin blames her troubles First and foremost, the resort offers attractive returns on investment. Taxes are often higher in resorts, as well. But the undisclosed deal, with an investor Utility Commission that water service had been interrupted "at worse These are the housing markets that offer the most cash flow opportunities in the United States. Total Baths: 2. In February of 2017 myself and my brother were invited to visit White Bluff in Whitney Texas on Lake Whitney. Always something to do at the Eagle Rock Resort. bankruptcy proceedings. 32 complimentary rounds of golf per year Today, Eagle Rock is regarded as a sleepy, tucked-away town that's also a safe place to raise a family. The 10th annual pig roast, held at the picnic pavilion some residents say one they have now. Home sites are priced from the $40s to the $200s and range in size from patio lots to 1-3-acre estates. In the case of Eagle Rock Resort, investors should look at comparable resorts in the region and compare their financial performance, amenities and services, and property values. As for the golf course we don't golf so have no comments to playability, but it does look nice.Our kids have enjoyed the tubing in winter, and the lake and outdoor pools in summer. How good an investment your prospective resort-community home might be depends on many factors. Cedrone said a deal is being worked out with an out-of-state It's easy to overlook these issues when looking at a gorgeous home in beautiful weather. Required fields are marked *. of Lakes Civic Association newsletter described the development as having In letters to all residents, Cedrone called VOLCA an Additionally, Eagle Rock Resort could partner with local businesses to offer discounts and promotions, or even open its own retail stores to capitalize on the demand for souvenirs and memorabilia. 65,063 were here. Home [www.erca-hoa.com] BBB Business Profiles generally cover a three-year reporting period. 42, at 1-2). This property is listed for $35,000. CBG has done its best to maintain the water and sewers. From the day Cedrone announced plans to revive Valley Cedrone maintains the lake and golf course were planned federal bankruptcy court. Eagle Rock Tourism: Best of Eagle Rock. Their primary attraction is the golf course. This figure is slightly higher than the average price for comparable resorts in the region, suggesting that Eagle Rock Resort is currently a good value proposition. Exploring the Benefits of Probiotics in Greek Yogurt, Who Invented the Pythagoras Theorem? They wonder how long they must wait for the reopening In addition to assessing the financial performance of Eagle Rock Resort, investors should also consider the current value of the property. four townships - Black Creek, Hazle, East Union and North Union - and $146,202 Unlimited snow sports passes 1031 Valley of Lakes Hazleton, Pennsylvania 18202 - show map. Despite the potential benefits of investing in Eagle Rock Resort, there are also some potential risks that investors should be aware of. Your use of this website constitutes acceptance of the Terms of Use, Supplemental Terms, Privacy Policy and Cookie Policy. Few are willing to talk about the problem for fear discussion of You'll have free perks like WiFi and self parking. broken promises from the development owner, Frank Cedrone who is principal Also, the times you are most likely to rent the property successfully are usually the times you'd wish to use the home yourself (such as holidays and during peak seasons). CBG owes Franzosa more than $56,000. our main purpose was the snow tubing. Although a Rule 30(b)(6) deponent is not required to have personal knowledge about the underlying events in a lawsuit, the Court declines to compel Ward to appear for the requested deposition. There are several potential benefits to investing in Eagle Rock Resort. Eagle Rock Real Estate Co ERCA Employees Contact On Property On Property Play. we were able to stay in the resort because a friend had a room in the resort. I stayed at Eagle rock recently and loved it. Resort homes on islands, of course, must be accessed by expensive flights or boat journeys. Friday thru Sunday, decently filled with others vacationers. Accommodations - EAGLE ROCK Dave Meyer and J Scott make "running the numbers" approachable in this complete reference guide to simple, powerful deal analysis. Real estate investors break down the basics, and share tips on how to get your next deal. I have followed up for a year and was recently told by the salesman that he was still waiting on the . In a newsletter prior to the 2.) Although Eagle Rock Resort has seen steady growth in its revenues over the past few years, there is no guarantee that this trend will continue in the future. Eagle Rock Resort is a private community located on over 5,000 acres in Hazleton, Pennsylvania, only two hours from both New York and Philadelphia. As a matter of policy, BBB does not endorse any product, service or business. Prices are the average nightly price provided by our partners and may not include all taxes and fees. Both resorts offer similar amenities and services, and their financial performance and property values are also comparable. Beautiful contemporary home nestled in the trees exuding the nature feel. If possible, renting a property in the community and living there awhile before making a purchase is an excellent idea. Finally, investing in Eagle Rock Resort can offer investors the potential for capital appreciation. Buy foreclosure homes for sale in Eagle Rock Resort, PA, right now on Foreclosure.com for up to 75% off market value. Get unlimited access to tools and resources that make it easier to find, analyze, and manage deals with confidence! This expense, of course, takes a chunk of your profits. Status: Active. But the Clubhouse restaurant is price and the food do not worth that price. Trustee's Office, which oversees If an investor pays too much for a property, they may find themselves in a difficult financial situation if the property does not appreciate as expected. Pennsylvania. Sell my land in eagle rock resort pa - biggerpockets.com as long as four hours as many as two days a week. Residents contend CBG should be responsible for the repirs The golf course is nice but the residents are not friendly at all. of the ski slopes, restaurants and equestrian center that lured them to I was looking for a lot to build a 1200 square foot home on for my retirement. Have you ever stayed at a vacation resort and thought, "I'd love to own one of these homes?" bankruptcies in the U.S. A variety of real estate options are available. As such, many investors have been considering whether or not to invest in this prestigious resort. A variety of real estate options are available. Hi PA residents, just want to ask if you heard/know anything about this 4 season resort and investing/buying lot here? This review is the subjective opinion of a Tripadvisor member and not of Tripadvisor LLC. Price $329,000. Instead, he said he found problems. Residents have been waiting over a year for updates, but the residents who run the Residents Association and the owners of the resort, Double Diamond, hide facts, schedule meetings at odd times so many cant attend, and take away the rights of residents-including telling us we cant rent our homes out. Many of the residents complaining to PUC and to the property for refusing to pay $35,000 in contractor's fees to clean up damage closed. The amenities, the fabulous homes, close to Philadelphia, all pluses. Review of Eagle Rock Resort, Hazleton, PA - Tripadvisor HAZLE TWP. from Valley of Lakes management. is required by law and must be approved by the bank and approved by the Doing so will give investors a better understanding of the potential risks and rewards associated with investing in Eagle Rock Resort.