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The Hales were part of a rush of buyers to scoop up the newest homes being offered, according to sales figures from co-developers Bellstar Hotels and Resorts and the Osoyoos Indian Band.
With more than $5 million in sales on the opening weekend earlier this fall, Bellstar and the Osoyoos Indian Band launched their third phase of development at the south Okanagan resort. “The Residences at Spirit Ridge marks the most successful real estate launch in the region in the past three years,” says Curt Jansen, director of resort real estate for Bellstar in the Okanagan. “Much has been made about the downturn in the market for recreational property, but Bellstar’s sales in 2011 prove that there is still significant demand for quality recreational and retirement properties in the South Okanagan region.”
The Residences at Spirit Ridge is the first development at the acclaimed resort that has been designed specifically for year-round residential living.
Sales officially launched to the public on Sept. 17, with 12 out of 16 available units being scooped up in the first phase.
Construction is scheduled to start in early 2012 with initial possessions taking place in the late summer to early fall of the year. The Hales say that while their new second home may be aimed at year-round living, it’s their intention to keep it as a getaway destination for the next while.
“We just enjoy being there. We haven’t been out during the winter so can’t comment on that, but in the summer, the weather is outstanding. We can count the days it has rained on one hand,” says Jeff.
Priced from the low $400,000s with both HST (harmonized sales tax) and B.C. property transfer tax exemption, the stylish two- and threebedroom homes in The Residences are priced for today’s competitive real estate market.
“Our purchasers have told us that they are drawn to the layouts, the sensational outdoor living spaces overlooking desert, vineyards, mountains and Lake Osoyoos, and our aggressive introductory price point,” says Jansen. “Ultimately they’ve voted with their chequebooks.”
Karen Hale says their twobedroom home, which they bought at pre-construction pricing, has views over the Sonora Dunes course to Osoyoos Lake.
“It’s been designed for outdoor living, with a folding glass wall and a 343-square-foot covered deck — and all the homes are angled so everyone has a view,” she says.
Perched high above the resort and golf course, The Residences represent the resort’s most exclusive enclave of accommodation with gated access, adobe architecture, xeriscaped desert landscaping, and a private clubhouse area featur- ing an outdoor infinity- edge pool, outdoor hot tub, fitness room and sport court.
The single-level residences feature double master bedroom floor plans with spacious walkin closets, his-and-hers sinks, ceramic-tiled showers, separate soaker tubs, granite countertops and natural solar tube lighting.
The kitchens come with professional-grade appliances, including stainless steel side-byside fridge/freezer with water and ice dispenser, flat cooktop self-cleaning stove, microwave/ hood fan, dishwasher, wine fridge and granite countertops.
As well, they feature ample storage space for permanent or seasonal living, a quality low-e window package, 20-foot-wide attached double garages, and a stacking front-loading washer and dryer.
“The sales at Spirit Ridge prove there is public confidence in the vision and investment that the Osoyoos Indian Band has made in conjunction with Bellstar and our other partners,” says Chief Clarence Louie of the Osoyoos Indian Band, adding that the resort and spa is one of the “most unique and successful tourism destinations in Canada.”
View through the living room window of a unit at The Residences at Spirit Ridge. Below, the spacious master bedroom.