PENTICTON – Following the success of Phase I and II, Skaha Hills, the resort-style, residential community, recentlty announced the launch of its newest Phase. Phase III, The Vistas, will showcase 24 terraced villa homes of a design never seen in the Okanagan before.
The Vistas combine the traits of a condo, townhome, and rancher into one unique concept. At full build-out the new phase totals $48 million. Homes will be released for sale on July 15. The Vistas at Skaha Hills was named for its spectacular views and offer the feel of an open, rancher-style floor plan with the convenience and cost effectiveness of a condominium. The Vistas will feature 8 buildings terraced up the hillside to maximize the panoramic views of Skaha Lake, Okanagan Lake, Penticton and the vineyards.
PLAY Winery, a $5.2 million hillside winery and vineyard, from Stage West Hospitality and the centrepiece of the community opened June 3rd. The Okanagan’s newest winery features a tasting lounge, wine shop and an indoor/outdoor bistro offering great food and amazing views.
Skaha Hills is Penticton’s first resort-style, residential community and is located on a 550-acre site overlooking some of the most beautiful views in the South Okanagan. Further details released today revealed that interested buyers will have 3 spacious open floor plans to choose from that vary in size from 1,950 sq. ft. to 2,160 sq. ft. of total living space. All homes will be one-level and feature a large private outdoor living space, and high-quality soundproofing.
New statistics have revealed that the Okanagan real estate market is booming. According to the South Okanagan Real Estate Board (SOREB), there was a 95 per cent increase in dollar volume of residential sales in May of 2016 ($127 million) compared to May of 2015 ($65 million). There was a 66.7 per cent increase in the number of sales in May of 2016, 325 units, compared 195 units in May of 2015. The average home price has increased 12.7 per cent to $357,322 from $317,158 (Source).
Appealing to buyers seeking a full-time residence or recreational property buyers, the master-planned community will offer several kilometres of hiking and biking trails, an amenity centre, parks, and community gardens. A golf cart friendly path makes for easy access to the 9 hole Skaha Meadows golf course and the Skaha Hills beach club.
Designed with multi-generational markets in mind, Skaha Hills will consist of seven planned phases offering a range of home designs and layouts. Built by Greyback Construction, a partner in Skaha Hills, 40 homes in the first phase are now complete and occupied.
Interested parties should register at www.skahahills.com to receive more information.