Joan's Blog: June 2009

Stone County Getting Stuck?

It seems even the Ozarks are not immune to trickle- down economic effects.  The Columbian Bank, which financed most of the Indian Ridge Development adjacent to Branson West, was put into receivership by the FDIC last August.

Indian Ridge was to be a huge project covering over 1,000 acres, with a projected $1.6 billion budget.  Original plans called for a Resort Hotel; High-tech Convention Center; Extra large indoor water park, plus outdoor water park; Championship Golf Course; Condos, single-family lots; Themed Retail Shopping Mall; Restaurants.

Some condominiums have been constructed, with others started after alot of earth-work for projected roads, etc, but it all sits silent now.  This leaves Stone County with a big headache.  County Commissioners don't want to recall the bonds the county holds for the project.  The recall would end the development, but create problems for the county, which would then be responsible for the infrastructure's completion.

Developers have to wait, under federal regulations, until the FDIC can send some funds, or they may send the note to auction.  Indian Ridge will sadly remain on hold indefinitely - a sad reminder of this period in time as tourists drive by on Highway 76 to Branson's shows.

There will be many disappointed Shell Knob visitors this summer.  I have seen some already, as they  walk up to Carole's Restaurant and find the door locked.

Carole's has been a landmark in Shell Knob, where it sits on the corner of the Plaza Shopping Center.  Tourists looked forward to returning for another great breakfast each year as they started their vacation.  Local organizations held regular meetings there.

The Restaurant had been for sale for quite some time. Wanting to retire, but unable to find someone to fill their shoes in food service, the owners closed and sold the building.
It will be missed.

Call Joan for all your Table Rock Lake Real Estate Needs.  417-846-7128

Tri-Lakes REALTORS  417-858-3344      

10 WOODED ACRES INCLUDE PRIVATE BEACH

Invite the whole family to enjoy the solitude or Table Rock Lake water fun.  There is room in the 4500 sq ft, 5 bedroom, 3 bath home for entertaining or reunions.  Sits at the end of a peninsula.

This house has it all - everything you would want to relax.  ATV trails, large pole barn to store the boats and toys in.

MLS # 328987    $598,000

Call Joan for a private tour.  417-846-7128

Tri-Lakes REALTORS  417-858-3344

10 ACRE TRACTS IN SHELL KNOB $38,000 - $45,000

These are unrestricted acres across the road from Table Rock Lake. 

CHEAP?  Yes! 

Buy the entire 70 acres for $235,000 or take just 10 acres of this wooded rolling property.

mls# 326364

Call Joan for your real estate needs around Table Rock Lake and Shell Knob, MO  417-846-7128

Tri-Lakes REALTORS   417-858-3344                                                           

Building Code Adopted in Barry County

Cassville's City Council has adopted the 2006 International Building Code as part of the municipal ordinances.

Covering only the city, and not Barry County, the building codes  information may be obtained by calling the City Building Inspector at City Hall. 

The new ordinance covers flood resistance construction, patio covers, grading, as well as property maintenance codes, fire prevention codes, mechanical, electrical and plumbing guidelines for meeting the minimum requirements for construction.

Some area residents are hopeing that Cassville's Building Codes will encourage the ordinances be adopted for all of Barry County.

Call Joan For All Your Real Estate Needs   417-846-7128

Tri-Lakes REALTORS  417-858-3344

TREND UNDER $300,000

Home Sales struggle in SW Missouri this year. 

For the first five months of 2009 (January thru May) there was a 62% drop in sales from the same time period in 2008.  There have been 12 sales closed this year, compared to 32 sales the previous year.

The average sale price 1/1/09 - 6/1/09 was $143,792.  This same time span in 2008 had an average of $162,684.  All sales were under $300,000.  The high sale was $275,000, with average days on the market at 113.

June to September is normally the busy season for Table Rock Lake real estate.  The phones are ringing again, and hopefully home sales will follow.

Call Joan for all your real estate needs.  417-846-7128

Tri-Lakes REALTORS  417-858-3344