Golden Design Group sold all the homes in Vistancia except 2 to straw buyers. The deal was that GDG would find renters for these homes...you know how this story goes. Anyway GDG did this all over town in 4-5 other subdivisons. Sales prices were all about $1.2mill and now(2008-299) selling for $350-$500, seller the BANK. These homes have never been lived in and are a great deal however you get no warranty and these homes are located far from the Interstate and shopping. I think the fraudsters should go to jail. Think about it $500 cash back times 200+/- homes throughout Denver Metro??? Not a slow down but plain XXXXXXX(fill in the blank).

There is a reason these homes are cheap. We are buying in Pradera, but not vistancia. You get no access to the community pool. In my opinion they have some of the worst street appeal and floor plans in the area. You get a great deal on the price per square foot on these homes and they do have large yards for the area. That being said they have a lot of space that seems to be overkill for many families in the area. For us personally we were happy to spend $70,000 more for a home with 30% less square footage and a much smaller yard to get the pool access, and the better feel of the Pradera neighborhood, not the gated area of Vistancia which appears to be a ghost town.

I have also been looking at the Pradera area for quites some time. I have been waching two homes beeing built on Sedona drive that back up to the 12th fairway. When I compare these to the Golden homes , these are better homes with more custom features. I know they have been for sale for quite some time and it may be a good time to approach the builder to see if they are negotiable on the price. If what I hear is true it could be a good opportunity....

I agree with Brian. There are great deals to be had in the Vistancia neighborhood and they are the result of some fraudulent dealings. Some of the homes have also been available through the Public Trustee sale. My husband and I have lived in Parker for 12 years. We love the small town feel and the convenience of the location. Are you familiar with the town? We'd be happy to send you some information.

Rich and Donna Foerster
720-530-5553/4

These homes are a GREAT DEAL! We have sold some and have great results with these homes.
There were many, many Golden Design Homes sold to invest0rs a few years ago and now we are seeing the results. Most of these have never been lived in. I saw one that was about $1.2 Mil when sold the first time just go for $420K! These are deals!
Brian
http://www.kennarealestate.com/search-denver-foreclosures.php

I think what you are seeing is the result of the slow down in sales of homes in this price range. While we have seen a strong recovery in the lower priced market under $200,000, the luxury home segment has not yet recovered and sales are still sluggish. Thus there is a lot more inventory in this price range, resulting in some great values, especially from the builders if you're thinking new construction.

Our website has a great property search feature which you can set up your self to receive email alerts of new listings, or contact me and I can set it up for you.

Best Regards,
Marianne Bandy
303-746-7799
ReMax Professionals
Parker, Colorado