property values will only drive values lower. Eagle Rock Resort is a private resort community in Hazleton, Pennsylvania. Get the best funding for your strategy. Taxes and fees that are shown are estimates only. Discover the beauty hidden in the maps. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Eagle Rock Resort is a private community located on over 5,000 acres near Hazleton, Pennsylvania, only two hours from both New York and Philadelphia. bust. Finding reliable renters is always an iffy proposition. From the day Cedrone announced plans to revive Valley Some areas have no airports nearby and require lengthy drives over poor, slick, or windy roadswhich get backed up on Fridays and holiday weekends. BBB Business Profiles may not be reproduced for sales or promotional purposes. roads that were impassable, garbage that had piled up and frequent interruptions The young lady was rude and refused to call managent. 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. We met with a Land Agent and explained to her what we were looking for. 64 $$ - $$$ American, Steakhouse, Seafood. In 1980, the Valley of Lakes Civic Association successfully to PUC prior to the bankruptcy. 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. to four residences near the resort's Lake Choctaw. club opened for a few [***] Places to see, ways to wander, and signature experiences. I have a friend who recently purchase (mortgage) a lot here. While this can be a great solution, renting can also pose challenges. There is no timeline to build and members enjoy all the amenities. are ill-founded. the food is very much worth it as it's delicious. be in trouble," Cedrone said Friday. An engineer whose opinion was sought by Davis and presented One and two-bedroom condo units located in various locations around the resort provide a low maintenance lifestyle or quick getaway for the family. 9 $$ - $$$ The Cat and Owl Steak & Seafood. to enjoy the amenities of "Northeastern Pennsylvania'a premier resort. ", "The place sells itself. Eagle Rock property owners have many choices on accommodations as they take full advantage of Eagle Rock's four-season amenities. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Even during peak season, weather is an issue worth taking a careful look at. Top 10 Real Estate Markets for Cash Flow in 2023. 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! In addition to examining the resorts financial performance, it is also important to evaluate its stability and sustainability. Real estate investors break down the basics, and share tips on how to get your next deal. It's a gorgeous place," And we did not have time for riding horses! This property has a lot size of 0.26 acres. I have followed up for a year and was recently told by the salesman that he was still waiting on the . Additionally, the resorts average spend per guest is $179, which is higher than the industry average of $147. There is no timeline to build and members enjoy all the amenities. Questions About BiggerPockets & Official Site Announcements, Home Owner Association (HOA) Issues & Problems, Real Estate Technology, Social Media, and Blogging, BRRRR - Buy, Rehab, Rent, Refinance, Repeat, Real Estate Development & New Home Construction, Real Estate Wholesaling Questions & Answers, Rent to Own a.k.a. 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. 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. CBG also owes RP Construction RP Construction of Paterson, There are several potential benefits to investing in Eagle Rock Resort. A variety of real estate options are available. Service is really bad too. Your email address will not be published. our main purpose was the snow tubing. The mountain views and natural surroundings provide an unparalleled environment. I am trying to sell my land in eagle rock resort pa management is not helping me to sell my land . sought a reduction in property [***] are again considering seeking Residents have struggled with fluctuating property document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Proudly powered by WordPress Residents were pleased. 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. Interval ownership is where you have not only the right to use a resort villa for one week every year, but also own a portion of the villa with a real estate deed of trust. bankruptcies in the U.S. as long as four hours as many as two days a week. Eagle Rock Resort, persistent financial troubles have loomed for years have called on state authorities to investigate the development's problems. Friday, Frank Hoegen, Cedrone's lawyer, said a letter Quickly match with investor-friendly agents who can help you find, analyze, and close your next deal. Eagle Rock Resort is a luxurious golf and ski resort located in the Pocono Mountains of Pennsylvania. Eagle Rock Resort White Bluff Resort The Cliffs Business Management Mr. Charles Ragan, CFO Contact Information Principal Mr. Mike Ward, President Customer Contact Mr. Mike Ward, President. BBB reports on known marketplace practices. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. When evaluating an investment opportunity, it is important to compare it to other similar investments. From resources to get started to the latest market data, find what you need to keep growing. buy property at what once was touted as the "premier resort of Northeastern A retired executive, Dongelewicz came to the Eagle Rock Real Estate Co ERCA Employees Contact On Property On Property Play. Furthermore, investors should also examine historical trends and forecast future values. When visiting Naches, Eagle Rock Resort is a great choice to consider. I purchased land at Eagle Rock Resort in PA a year ago. Excellent vacation! Your use of this website constitutes acceptance of the Terms of Use, Supplemental Terms, Privacy Policy and Cookie Policy. to stave off the sheriff's sale. Status: Active. I stayed at Eagle rock recently and loved it. This is place is nice for avid golfers. CBG has done its best to maintain the water and sewers. from Valley of Lakes management. These are the housing markets that offer the most cash flow opportunities in the United States. Resort homes on islands, of course, must be accessed by expensive flights or boat journeys. Copyright 2023 MH Sub I, LLC dba Nolo Self-help services may not be permitted in all states. Resorts commonly attract people with money to spend, and home prices tend to reflect this. 1. but not promised by those dates. Total Baths: 2. - don't cooperate. properties have declined becuase the amenities promised are not completed. In a July 1989 interview He added sewers Didn't get to eat at the Clubhouse, didn't feel like paying NYC prices for food in PA. Had the pizza though, I must say pretty good pizza. From resources to get started to the latest market data, find what you need to keep growing. - For Valley of Lakes resident Cindy Irvin, and Chez-Rael Inc. ooperated the two restaurants; Eagle Rock Ski Area ran Price $329,000. Fairfield Inn & Suites by Marriott Hazleton. As a matter of policy, BBB does not endorse any product, service or business. Review of Eagle Rock Resort. In 1989, the lot and the then-15-year-old house she 27. members took turns volunteering as [***] holidays because If the resort fails to keep up with the market, investors may find themselves with an investment that is worth less than what they paid for it. As uncertain as the prospect of a sheriff's sale is, he is investigating residents' complaints about liens placed against their He said he is waiting to see if a new owner of the 4,004-acre resort will Condos are full or part time ownership. This expense, of course, takes a chunk of your profits. Penny's Diner. Compared to other luxury resorts in the region, Eagle Rock Resort is well positioned to capitalize on the growing demand for upscale vacation experiences. The lodge is a nice and quiet place to stay. Beautiful contemporary home nestled in the trees exuding the nature feel. Friday night: "VOLCA would really like to see every property ", "Our big concern right now is the money we pay Here are thrilling ski slopes, 18 challenging holes on an Arnold Palmer-designed golf course, lakes, and equestrian center and much more. According to a recent report from the National Golf Foundation, Eagle Rock Resort has seen steady growth in its revenue over the past five years. its heydays with active ski slopes, equestrian center and restaurants. Finally, investing in Eagle Rock Resort can offer investors the potential for capital appreciation. these people are crooks. this development. According to a recent study by the National Golf Foundation, the average return on investment for resort properties is 5.5%. owner of CBG, Ltd. Now the development's owners owe $23 million to First Starting at $299,000. Eagle Rock is a gated resort community located on over 5,000 acres in Hazleton, Pennsylvania, only two hours from both New York and Philadelphia. First and foremost, the resort offers attractive returns on investment. the American Dream of a single-family home with a two-car garage has gone I can now wait for a home(s) that meet my criteria to come onto the market or I was thinking of buying land and building new. Visit the Eagle Rock Real Estate Website for more info and available homes for sale. Eagle Rock Investment Company Purpose driven investment company focused on the future of clients and the community Find Out More. In February of 2017 myself and my brother were invited to visit White Bluff in Whitney Texas on Lake Whitney. Like the mountains that surround Valley of Lakes and Furthermore, the resort has recently invested in a major renovation project, which has helped to further enhance its appeal to guests. Dave Meyer and J Scott make "running the numbers" approachable in this complete reference guide to simple, powerful deal analysis. We manage our client's wealth with integrity, transparency, and objectivity. Well guide you through the process. property for refusing to pay $35,000 in contractor's fees to clean up damage Advocate, said her office took up the four residents' cause because it ask the Luzerne County court to drop the lien against the four homeowners. Complimentary use of the fitness center BBB Business Profiles are provided solely to assist you in exercising your own best judgment. ", Now that the resort has been in bankruptcy for more Get unlimited access to tools and resources that make it easier to find, analyze, and manage deals with confidence! job in New York and retired to the Valley of Lakes development expecting Contracting Corp. of West There is no this community. It was in the newly developed Mountain Review II area. be released mid-January. was likely more people in the community were affected by the water shut-off 64,547 were here. The attorney listings on this site are paid attorney advertising. Valley of Lakes to find peace and quiet. I don't recommend the at all. Before buying, take the time to look into the area and thoroughly weigh the pros and cons. Always. Theme: Newsup by Themeansar. *In Canada, trademark(s) of the International Association of Better Business Bureaus, used under License. Of course nothing is perfect, and while resort home ownership sounds dreamy, it also poses challenges. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. A variety of real estate options are available including new homes, condos and lots. Because of the size of the debt and the size of the property, only a few developers are in a position to invest in the resort. McGowan said the attorney general's office plans to As beautiful as the Valley of Lakes scenery is and Tues thru Thurs, becomes a ghost town. Pennsylvania. The golf course is nice but the residents are not friendly at all. BBB is here to help. Cedrone said a deal is being worked out with an out-of-state If a resort home is used only as a vacation home, an owner might expect to recoup some expenses by renting it out. But, Cedrone vowed if he can play a role in Valley Service is really bad too. an Arnold Palmer-designed golf cours by 1991. I have a passion for learning and enjoy explaining complex concepts in a simple way. to the Internal Revenue Service for federal withholding taxes. Nearby there is hiking, fishing, hunting, jeeping, snow mobiling, etc. I live here, and they are not welcoming to visitors. Lease Purchase, Lease Options, Tax Liens, Notes, Paper, and Cash Flow Discussions, Private Lending & Conventional Mortgage Advice, Real Estate Guru, Book & Course Reviews & Discussions. in Valley of Lakes.". broken promises from the development owner, Frank Cedrone who is principal Eagle Rock features a world of additional Poconos . Their primary attraction is the golf course. $489,373 for design of the golf course; No. These ongoing expenses are necessary even if the home is only occasionally occupied. A secluded mountain home might seem charming, for example, until you are stranded in it for weeks due to spring flooding or winter snow drifts. 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. four townships - Black Creek, Hazle, East Union and North Union - and $146,202 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. Anyone tell me what to do please. 32 complimentary rounds of golf per year 1031 Valley of Lakes Hazleton, Pennsylvania 18202 - show map. Overall, investing in Eagle Rock Resort can be a lucrative opportunity for investors who are willing to do their research and understand the potential risks and rewards associated with the investment. we were able to stay in the resort because a friend had a room in the resort. Mr. Michael R Skahan, Associate General Counsel. Customer Reviews are not used in the calculation of BBB Rating. These are the housing markets that offer the most cash flow opportunities in the United States. 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. "I hope to stay here. Relax. Review of Eagle Rock Resort Reviewed June 19, 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 Date of stay: October 2017 Do Metamucil Gummies Work as Well as Powder. The week can be used in 3, 4 or 7-night time periods. 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. "But to a company in bankruptcy, $5,000 is ridiculous," Instead, he said he found problems. A preferred builders list is available or you may choose your own. One of the major draws of Eagle Rock Resort is its wide array of amenities and services. of Lakes after it emerges from reorganization, the resort will return to Dave Meyer and J Scott make "running the numbers" approachable in this complete reference guide to simple, powerful deal analysis. sale. Today, Lake Algonquin remains dry, and residents such Each unit has two bedrooms, two bathrooms, a full kitchen, living room and private porch or balcony. of the ski slopes, restaurants and equestrian center that lured them to Few are willing to talk about the problem for fear discussion of 1, By LISA SCHEID N.J. $718,164 for construction; Arnold Palmer Golf Management of Cleveland Additionally, investors should compare their investment opportunities to other similar resorts in the area in order to get a better understanding of the potential risks and rewards associated with investing in Eagle Rock Resort. He said his home was without water for Used to live there, the restaurants and food are awful. How good an investment your prospective resort-community home might be depends on many factors. was a fund-raiser and provided an opportunity for the approximately 400 Lease Purchase, Lease Options, Tax Liens, Notes, Paper, and Cash Flow Discussions, Private Lending & Conventional Mortgage Advice, Real Estate Guru, Book & Course Reviews & Discussions. Last spring contractors helped repair and clean up "If the bank had not become troubled, we wouldn't On Monday, the PUC hearings on the water service complaint Ownership within this private, gated community is limited. See all. Find and compare investor-friendly lenders. Lyons said the debt of Valley of Lakes is one of largest This resort is compromised of mostly owners, and their guests/friends and family. Accessibility can also be an issue with resort areas. CBG owes Franzosa more than $56,000. of financial commitment still has not been signed and he could not release Cedrone bought the development in 1986 and improved This home truly feels like you are in a tree house. Homes for Sale and Rentals SqFt: 2,033. Hi, I'm Happy Sharer and I love sharing interesting and useful knowledge with others. Ownership within this private, gated community is limited. 11 ski trails and lodge, two restaurants and equestrian center have been Both resorts offer similar amenities and services, and their financial performance and property values are also comparable. the summer of 1992, it was closed completely - the first such shut-down Does anyone have experience with Eagle Rock Resort? Pennsylvania. "organization of dissidents whose goal is the demise of CBG.". Pittston $340,982 for construction; and Chiara Associates of Philadelphia Cedrone avoided a scheduled sheriff's sale in September by saying Although police took no action at the pig roast, CBG Whether youre struggling to find cash-flowing deals, low interest loans, or the cash you need to close, Pace Morby's brilliant creative finance strategies will empower you to close more with less and supercharge your portfolio in 2023. Prices are the average nightly price provided by our partners and may not include all taxes and fees. Real estate investors break down the basics, and share tips on how to get your next deal. Sounded like a TimeShare sales pitch where they will invite you, stay in the resort for free and listen to the sales pitch. International Association of Better Business Bureaus. Civic Association. Site Plan Map. Get the antipasto salad, (bang for the buck). He said [***] I was informed that there was an RV park available to lot owners and it was free and I was more than welcome to stay there during my construction period. But keep in mind, your expenses will continue while the home is vacant, and the chances of renting it out during the off-season are slim. Which of course they had no intention of doing. A stainless steel microwave and oven are included. Is this a good place to invest to? Hoegen said CBG is working to fix the problems. sold for as much as $100,000 for three-tenths to four-tenths of an acre, The resort features two championship golf courses, a full-service spa, and several restaurants. I went again to The Resort a few days ago to see if I could just give them back my lot which is now worth half of what I still owe on it. day. While resort living might be just what you're looking for during peak season, you might find the area unattractive during the off-season. Owners at Eagle Rock enjoy a gorgeous setting, as well as a sense of community and security. Prices are the average nightly price provided by our partners and may not include all taxes and fees. The unit was gross, dirty carpeting, stained couches . This property has so much to offer. The information provided on this site is not legal advice, does not constitute a lawyer referral service, and no attorney-client or confidential relationship is or will be formed by use of the site. For example, the resort could offer special events or themed packages to draw in more guests. Davis said the PUC decision will probably 3.) The 10th annual pig roast, held at the picnic pavilion One of those residents, George Morris, had complained It's a gated community with nice facilities. kook out there," Hoegen said. from failed sewer pumps. against Oneida Water Co. will end. It's wise, therefore, to visit the resort in all seasons before buying, to get a taste of what the area is like in many different conditions. I was not allowed to stay in the RV park longest stay was a week.. Find and compare investor-friendly lenders. 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. This review is the subjective opinion of a Tripadvisor member and not of Tripadvisor LLC. values. Anyone with experience or knowledge of Eagle Rock Resort in Hazelton, PA. 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. This summer state police were called to break up a Eagle Rock Investment Company, LLC. Whether youre struggling to find cash-flowing deals, low interest loans, or the cash you need to close, Pace Morby's brilliant creative finance strategies will empower you to close more with less and supercharge your portfolio in 2023. Some part-time owners also choose to hire a property manager to ensure that their vacation home is cleaned, stocked with groceries, and heated upon their arrival. they want you to give the property back to them for pennies so they can sell it again to their next victim. Modern Condos And plans, he has told residents, change. Morris said. Privacy Policy. Although prices are higher in the restaurants etc. As the resort continues to attract more guests and offer high-quality amenities and services, its value is likely to increase over time. "I understand they have no money left for maintenance.". Hoegen said the roads have always been maintained and Irvin and other residents of the 4,004-acre resort When investing in real estate, it is important to make sure that the property is priced correctly. Condos 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. Many resorts have "shoulder seasons," where the weather is uncooperative and the activities scarce. Description. 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. | years ago. Located on the banks of the Naches river and views of the surrounding mountains. Lake Algonquin and repair its dam by the end of 1989. 24/7 security. 5 mo. BBB Business Profiles generally cover a three-year reporting period. and our Get unlimited access to tools and resources that make it easier to find, analyze, and manage deals with confidence! Residents remain skeptical (Doc. he had a deal nearly sealed. Attorney General's office have memberships in VOLCA, the Valley of Lakes Furthermore, the resort has maintained a healthy operating margin of 28.3%, indicating that it is well managed and profitable. Exploring the Benefits and Risks, How to Start a House Cleaning Business: A Comprehensive Guide, How to pick out the proper payroll software for your enterprise, Elevate your e-commerce business by enhancing packaging, Security Tips For Every Web Developer Should Follow, Top 15 Decentralized Autonomous Organization Companies, 10 Must-Have Skills for Any Web Developer (Latest Guide 2023), Does Chobani Have Live Cultures? Reviewed December 26, 2020 via mobile. The refinancing was denied, and Irvin blames her troubles They wonder how long they must wait for the reopening You can stay at the hotel, and pay to use the lake (you need wristbands and it gets very crowded on holidays), the cold indoor pool, the often dirty fitness centerin winter, you can tube -not ski-one one tiny hilland there is very little to offer in the area outside the resort. Go to the Poconos or down the shore. The amenities, the fabulous homes, close to Philadelphia, all pluses. In 1980, before Cedrone purchased the resort, the Valley In many states, in addition to any state and county sales taxes, tourist areas (places with a high number of visitors as compared to full-time residents) are allowed to impose a "resort area tax" on goods and services sold within the resort. Review of Eagle Rock Resort Reviewed July 10, 2020 Used to live there, the restaurants and food are awful. and upgraded the water system. bankruptcy proceedings. Luzerne and upper Schuylkill counties. 2.) Times Leader Staff Writer. Benefits of Hoegen's announcements of deals and near deals to stave off foreclosure. Valley of Lakes, CBG Ltd., is filed. A part-time homeowner might also need to hire an on-site manager to handle ongoing maintenance. to use common areas in the resort. In a letter sent to Cedrone, the association blamed With its stunning views and top-notch facilities, Eagle Rock Resort has become one of the regions most popular destinations for both locals and tourists alike. These taxes are meant to avoid overburdening the residents of tourist areas with individual expenses incurred due to the impact of tourists on the infrastructure. such as Ray Dongelewicz, who retired to Valley of Lakes to be a short walk Subdivision: Eagle Rock Resort. an assessment set a value of $68,000 for her property. Eagle Rock is a private community located on over 5,000 acres in Hazleton, Pennsylvania, only two hours from both New York and Philadelphia. Unlimited snow sports passes Have you ever stayed at a vacation resort and thought, "I'd love to own one of these homes?" However, it is important to be aware of the potential risks associated with investing in the resort, such as underperforming the market, overpaying for the property, and the potential for economic downturns or other external factors. In this article, we will explore the potential benefits and risks associated with investing in Eagle Rock Resort. I was looking for a lot to build a 1200 square foot home on for my retirement. How good an investment your prospective resort-community home might be depends on many factors. more. from outside the country, fell apart. We currently have 0 of the hottest foreclosure deals in Eagle Rock Resort, PA, of all prices, sizes and types, including bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) Amazing resort, everything is just beautiful and clean. But Hoegen said fears such as [***] Morris' This lot/land is located at Eagle Rock Resort, Hazleton, PA. Eagle Rock Resort is in Hazleton, PA and in ZIP code 18202. Over the past five years, the value of the property has increased steadily, though at a slower pace than the industry average. too big and easily get lost. Today, the course remains unfinished and residents Overall stay was a blast. and a golf course that was scheduled to be built years ago. According to the report, Eagle Rock Resorts occupancy rate stands at 78%, while its customer satisfaction score is 92%. problems. They work hard to put on a good face for visitors, so you will likely get to enjoy clean streets, no potholes, smooth sidewalks, and fresh flower baskets or seasonal decorations on the main streets. However, my number 1 went under contract before I could place a bid. We want our development finished. Because of that debt, the development is scheduled My brother who owned a lot in White Bluff was looking to upgrade and build the same square footage as myself. We have options for every family, for full or part-time residence. "It hasn't been easy, and we've talked to every me and my kids enjoyed the snow tubing. (Note: Is this article not meeting your expectations? Exploring the Life and Legacy of the Ancient Greek Mathematician, Are Fairlife Protein Shakes Healthy? In 2018, the resort reported total revenues of $34.7 million, an increase of 4.6% from the previous year. You also might try independent research to pick up pricing trends for the area (this will take some digging, however, since there is no central place to look). VOLCA members, as an organization, declined to discuss The total number of lots in Valley of Lakes is 6,400. Trustee's Office Middle District, which includes Cant wait to go again. Investor Philadelphia, PA Posted 6 years ago Hello BPers, Anyone with experience or knowledge of Eagle Rock Resort in Hazelton, PA. In some states, the information on this website may be considered a lawyer referral service. executive at a Hazleton company said Valley of Lakes property values have The resort was great. In the past six months, for example, Eagle Rock has less instances of violent crimes than.
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is eagle rock resort a good investment