Poconos Real Estate Blog

Bought! Arrowhead Lakes Vacation Investment Property With Instant Income

A family from Lansdale closed on their new vacation home on Friday - a lovely little contemporary, fully
furnished & equipped, and only a block from the Minisink Pool and Tennis Complex. The house is in great condition, is very clean and boasts three generous bedrooms, two full bathrooms and the obligatory Pocono screened porch. We were able to negotiate a very fair price for the home at 8 Moshannon Drive, $162,000.

These folks contacted me late last year as a result of them reading the Poconos Real Estate Blog, and we have worked to find them just the right place. We began by looking at several different communities within reasonable distance from the Northeast Extension of the Turnpike, as that is the route they take to the Poconos. We visited Towamensing Trails, Indian Mountain Lakes, Locust Lake Village and other amenity-rich communities. After evaluating their options they settled on Arrowhead Lakes because of the fact that it is a gated community, and because it has three pools. This appealed to them because they figured the pools would be less crowded.

The greatest thing about this buy for them is, in my opinion anyway, that the property came with a tenant for the summer, so there is instant cash flow of a few thousand dollars! According to the listing agent, the previous owner had rented the property so often that after awhile he had to purchase ANOTHER property in order to have something available for his own personal use once in a while. Lucky for my Lansdale buyers, the seller decided now was the time to liquidate an asset!

Arrowhead does quite a brisk business in the short-term, vacation rental department. My source tells me that this past Saturday, which as the last Saturday in June officially kicks off 'the season', there were 86 groups checking in to their rented homes in the community. The community is becoming very well known to summer tourists from the Philadelphia and New York areas as an affordable alternative to destinations reached by air.

To begin your search for the perfect second home or vacation investment property in Arrowhead Lakes or in other communities in the Poconos, email me at info@lisasanderson.com, or call me at 888.794.5589 x103.

Breakfast at Arrowhead Lake

I showed homes at Arrowhead Lake yesterday and saw that they had an all-you-can-eat breakfast at the Clubhouse for $5.00 per person. By the looks of the parking lot they were doing a pretty brisk business. I think some of the cars were parked there for the sledding hill out back, but there were many smiling faces going in and out of the building.  What a nice way to get the residents and guests out to meet each other!

Anyone out there know how they organize this event? Do they have it catered or do they have volunteer cooks? How was the food? Please click on the 'comment' button immediately below this post and tell us all what you know!

Photos, MLS Listings & More: Arrowhead Lake Community

Whether you are looking for the lakefront home of your dreams, a little weekend getaway place, or a piece of property to invest in for a future or immediate build, Arrowhead Lake may be a good choice for you.  I am happy to provide you with automated MLS listings of houses or properties in Arrowhead or any other Pocono community-just send me an email with your wish-list and I will set it up!  You will receive an email each day a new property that meets your needs becomes available, keeping you constantly updated on what is on the market.  What better way to keep an eye on prices and inventory levels?  These reports are not the bare-bones ones that you get on other sites either-they contain the full property specifications one needs to properly evaluate all the choices.  And they are available only from an area real estate specialist like me!!

Community Map - Arrowhead Lake, PA

Here is a handy map of Arrowhead Lake Community Association which shows the location of the pools, lakes, beaches and entrances.  I love reading the street names - many of them are of Native American origin like many place names across Monroe County, PA.

Affordable Vacation Property

I just listed a fabulous little vacation home in Arrowhead Lake...it's very affordable, clean and in great condition.  Please contact me if you'd like more details.

Land still affordable in Arrowhead...

Building lots are selling well up in Arrowhead Lake and I see many new homes going up in there, but it's still a good time to buy these properties:  prices are very reasonable compared to other areas of the county, and many of these lots have central sewer.  The Community's sewer hook-up rebate program that is available right now, which reduces the cost of building by several thousand dollars, sweetens the deal even more!

A Vacation Home in Arrowhead Lake is a Good Choice

Arrowhead Lake in Pocono Lake, Monroe County, PA, is (still) one of my favorite places to take vacation home buyers.  Whether one is looking for a low priced chalet, or a plush lakefront property, this lake community has something for everyone.  It is located in close proximity to several ski areas, such as Jack Frost/Big Boulder and Camelback, as well as to shopping (The Crossings!), the new slots parlor to open later this year, and various other Pocono draws.  Plus, there are pools, lakes with beaches, tennis courts and playgrounds on-site, for a variety of year round amusements.  Rustic in nature, with many of the roads remaining unpaved, it has held its charm as a getaway place despite the steady growth in homes built there-I love going there in the summer to see people walking or riding their golf carts to the beach or pool, floaties in tow, smiles on their faces!  There is a laid back atmosphere there that is very appealing the New York and Philadelphia market that it attracts, even if it is just a hair too far for many of those wishing to live here and commute to work. 

Properties do pretty well as rentals/investments here, too, and it is not unusual for a property to be sold with lease commitments already in place, or with a strong rental-client base to pass on to the new owner, as visitors tend to want to return year after year.  This gives a prospective purchaser a good opportunity to 'try out' the area before making the commitment to buy...CLICK HERE to see some short term rentals available in Arrowhead, which are good to check out if you want to come up for the weekend, or just want to see what kind of rents these homes demand.