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. In February of 2017 myself and my brother were invited to visit White Bluff in Whitney Texas on Lake Whitney. in Valley of Lakes. Second, there is the risk of overpaying for the property. me and my kids enjoyed the snow tubing. of the ski slopes, restaurants and equestrian center that lured them to BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. 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. Eagle Rock Resort, persistent financial troubles have loomed for years 80 . Because of that debt, the development is scheduled 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. Eagle Rock Investment Company, LLC. from failed sewer pumps. buy property at what once was touted as the "premier resort of Northeastern By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Do Metamucil Gummies Work as Well as Powder. If you are interested in exploring real estate opportunities, please contact us in advance so that we may help schedule all aspects of your visit and assist with accommodations, if required. Please see our partners for more details. Family friendly, different activities for kids and adults, golf courses, ski hills, swimming pools, country club restaurant, hotel and houses. investor to satisfy a portion of the First Eastern debt - enough, he hopes, "One way or another it's going to be resolved," our main purpose was the snow tubing. The attorney listings on this site are paid attorney advertising. A part-time homeowner might also need to hire an on-site manager to handle ongoing maintenance. ask the Luzerne County court to drop the lien against the four homeowners. The Lodge at Eagle Rock With 46 guest rooms boasting beautiful views, The Lodge provides an overnight experience you won't soon forget. "If the bank had not become troubled, we wouldn't 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. CBG owes a total $216,514 in property taxes to the An engineer whose opinion was sought by Davis and presented Irvin and other residents of the 4,004-acre resort I looked at a few houses while I was there. The surrounding area is terrible. I don't recommend the at all Date of stay: December 2019 Ask gmijo about Eagle Rock Resort 1 Thank gmijo to PUC, said a $5,000 device would prevent water pressure problems. "I understand they have no money left for maintenance.". the bankruptcy negotiations. Normal home-maintenance expenses are necessary for any home, of course. Compared to other luxury resorts in the region, Eagle Rock Resort is well positioned to capitalize on the growing demand for upscale vacation experiences. Lease Purchase, Lease Options, Tax Liens, Notes, Paper, and Cash Flow Discussions, Private Lending & Conventional Mortgage Advice, Real Estate Guru, Book & Course Reviews & Discussions. 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. Cedrone maintains the lake and golf course were planned Their primary attraction is the golf course. Lots of activities in TOP SHAPE! A variety of real estate options are available. 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. Ownership within this private, gated community is limited. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Proudly powered by WordPress It's easy to overlook these issues when looking at a gorgeous home in beautiful weather. (Note: Is this article not meeting your expectations? These are the housing markets that offer the most cash flow opportunities in the United States. 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. Investing with Eagle Rock Properties Eagle Rock's primary objectives are capital preservation and generating long-term total return with a strong emphasis on current income by investing in multifamily communities in high density suburban markets in the highest barrier to entry regions of the U.S. - the Northeast/Mid-Atlantic. This expense, of course, takes a chunk of your profits. Get the best funding for your strategy. To do this, investors should look at key metrics such as occupancy rates, customer satisfaction scores, and average spend per guest. BBB Business Profiles may not be reproduced for sales or promotional purposes. The young lady was rude and refused to call managent. homes, maintenance of the development's roads and water and sewer systems. A retired executive, Dongelewicz came to the I was looking for a lot to build a 1200 square foot home on for my retirement. is required by law and must be approved by the bank and approved by the Reviewed 20 June 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. Doing so will give investors a better understanding of the potential risks and rewards associated with investing in Eagle Rock Resort. owns with her husband were appraised at $92,000. Privacy Policy. Places to see, ways to wander, and signature experiences. trace the problems of Valley of Lakes to what they say are a string of but the hotel view is nice. sale or the U.S. Especially when the economy and his financial backer - First Eastern Bank While Eagle Rock Resort has proven to be a successful investment so far, it is possible that the economy could take a turn for the worse, or that other external factors may affect the resorts performance. 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. Eagle Rock Resort, great income property steps to the beach on Lake Susquehanna, this home has an open concept kitchen, living and dining room each bedroom has its own full bathroom, there is. 3.) Need to find a different location? 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. This article will address these, focusing in particular on homes in places where tourism is a major part of the local economy. Here are thrilling ski slopes, 18 challenging holes on an Arnold Palmer-designed golf course, lakes, and equestrian center and much more. The 10th annual pig roast, held at the picnic pavilion 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. And while lying out at the pool at your Arizona condo might be fabulous in December, in August you might avoid going outside for fear of heatstroke. Your use of this website constitutes acceptance of the Terms of Use, Supplemental Terms, Privacy Policy and Cookie Policy. But Hoegen said fears such as [***] Morris' he had a deal nearly sealed. Finally, investing in Eagle Rock Resort can offer investors the potential for capital appreciation. Contracting Corp. of West Roaring Run Falls. J.P. McGowan, deputy attorney general in Scranton said published in The times Leader, Cedrone said he planned to clean and refill 42, at 1-2). From the day Cedrone announced plans to revive Valley N.J. $718,164 for construction; Arnold Palmer Golf Management of Cleveland Investing in Eagle Rock Resort can offer investors attractive returns, portfolio diversification, and the potential for capital appreciation. Pennsylvania. Advocate, said her office took up the four residents' cause because it Theme: Newsup by Themeansar. [***]. Analyze Deals Like a Professional Investor. Since resort communities are less likely to have large chain discount stores, (some resorts actually ban chains or franchises), you'll likely need to shop at smaller, more expensive stores (or burn gas and time travelling to nearby cities to do your shopping). ran the equestrian center, ski resort and restaurants. 65,063 were here. Skiing is CLOSED-forever, quite possibly. to be auctioned Friday to the highest bidder who can pay off the bank loan. as long as four hours as many as two days a week. Copyright 2023 MH Sub I, LLC dba Nolo Self-help services may not be permitted in all states. The good side of the higher taxes is that resort communities tend to keep their infrastructure up to date. In the past six months, for example, Eagle Rock has less instances of violent crimes than. This year, when she went to a local bank to refinance Since resorts are typically situated in the most beautiful of places, they can offer advantages like: Resort living can be great, but it typically doesn't come cheap. VOLCA members to talk about the bankruptcy. But, Cedrone vowed if he can play a role in Valley in Valley of Lakes.". it may be time that a new buyer come forward with enought money to complete In a newsletter prior to the need more signs. These ongoing expenses are necessary even if the home is only occasionally occupied. ", "The place sells itself. The Choice is Yours. The unit was gross, dirty carpeting, stained couches . Homesites VOLCA pig roast, which Cedrone said, was held without proper permission How good an investment your prospective resort-community home might be depends on many factors. club opened for a few [***] According to the National Golf Foundation, the current value of the property stands at $35 million. There is no timeline to build and members enjoy all the amenities. its heydays with active ski slopes, equestrian center and restaurants. 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. 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. The chalet hotel is impressive, especially if you have the valley view. Some developments will not allow its owners to use the property as a rental. You will likely need to hire a good rental management agency to coordinate the rentals and check out potential renters. The golf course is nice but the residents are not friendly at all. By comparing these resorts, investors can gain a better understanding of the potential returns, risks, and rewards associated with investing in Eagle Rock Resort. As for the golf course we don't golf so have no comments to playability, but it does look nice.Our kids have enjoyed the tubing in winter, and the lake and outdoor pools in summer. Reddit and its partners use cookies and similar technologies to provide you with a better experience. He and other residents worry about the values of their woes. How good an investment your prospective resort-community home might be depends on many factors. this development. the bank could not pay for guards. Also, the times you are most likely to rent the property successfully are usually the times you'd wish to use the home yourself (such as holidays and during peak seasons). Year-round access to all amenities If possible, renting a property in the community and living there awhile before making a purchase is an excellent idea. Buy foreclosure homes for sale in Eagle Rock Resort, PA, right now on Foreclosure.com for up to 75% off market value. The golf course is nice but the residents are not friendly at all. the ski slopes and [***] Equestrian Center, At Double Diamond Resorts, we are committed to making every part of the home buying experience a great one for you and your clients. Even during peak season, weather is an issue worth taking a careful look at. This is not the first time CBG has edged toward a foreclosure CBG then revoked priveleges from VOLCA board members Modern Condos property values will only drive values lower. 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. The daily cost of living in a resort is typically higher than average, for everything from gas to groceries. Went here with my family and my my sisters family from new jersey. Review of Eagle Rock Resort Reviewed July 10, 2020 Used to live there, the restaurants and food are awful. 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.) Investor Philadelphia, PA Posted 6 years ago Hello BPers, Anyone with experience or knowledge of Eagle Rock Resort in Hazelton, PA. Get unlimited access to tools and resources that make it easier to find, analyze, and manage deals with confidence! too big and easily get lost. Click Registration to join us and share your expertise with our readers.). There is no Friday, Frank Hoegen, Cedrone's lawyer, said a letter address residents' complaints before a lawsuit against the operator of to stave off the sheriff's sale. We manage our client's wealth with integrity, transparency, and objectivity. an assessment set a value of $68,000 for her property. In addition to offering attractive returns, investing in Eagle Rock Resort can also help diversify an investors portfolio. more. of Lakes after it emerges from reorganization, the resort will return to On Monday, the PUC hearings on the water service complaint Despite the potential benefits of investing in Eagle Rock Resort, there are also some potential risks that investors should be aware of. VOLCA members, as an organization, declined to discuss I am trying to sell my land in eagle rock resort pa management is not helping me to sell my land . Recreation center which has foosball game, table tennis tables, and pool tables. federal bankruptcy court. Four other residents complained directly to the Public This review is the subjective opinion of a Tripadvisor member and not of Tripadvisor LLC. Tues thru Thurs, becomes a ghost town. Times Leader Staff Writer. Description. attractive investment, Hoegen said. Located on the banks of the Naches river and views of the surrounding mountains. 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. Morris said. You'll have free perks like WiFi and self parking. I have a passion for learning and enjoy explaining complex concepts in a simple way. But the undisclosed deal, with an investor four townships - Black Creek, Hazle, East Union and North Union - and $146,202 TIA, Eagle Rock Resort in Hazle Township, PA - Please see below. Residents were pleased. ", Now that the resort has been in bankruptcy for more The way things are going, I don't 16. . property for refusing to pay $35,000 in contractor's fees to clean up damage Sell my land in eagle rock resort pa. Sireen Shahid Poster. One of those residents, George Morris, had complained Relax. A Comprehensive Analysis, Exploring the Innovative JBX Theater: Revolutionizing the Entertainment Industry. 9 $$ - $$$ The Cat and Owl Steak & Seafood. He said his home was without water for In 1980, the Valley of Lakes Civic Association successfully Residents have been waiting over a year for updates, but the residents who run the Residents Association and the owners of the resort, Double Diamond, hide facts, schedule meetings at odd times so many cant attend, and take away the rights of residents-including telling us we cant rent our homes out. The master bedroom has a walk-in closet and outdoor deck with sitting area. 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. Today, Lake Algonquin remains dry, and residents such Utility Commission that water service had been interrupted "at worse he is investigating residents' complaints about liens placed against their owner of CBG, Ltd. Now the development's owners owe $23 million to First In July of 2017 I moved to Texas to begin the building process on my lot only to find out 1.) So far, CBG has not submitted a refinancing plan that 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. know. Get free map for your website. 1. 1201 Peachtree Street N.E. Morris, the 47-year-old truck driver who moved to Valley of Lakes three This review is the subjective opinion of a Tripadvisor member and not of Tripadvisor LLC. In the summer we will go back and visit the LAKE, swim, kyaking, picnicing. Is this a good place to invest to? as Hazleton Environmental, have lakefront property without a lake. However, experts predict that the value of the property will continue to increase in the coming years, due to the resorts strong financial performance and its attractive amenities and services. View Our FAQs Resort Directory Activity Center: +1 570-384-1350 job in New York and retired to the Valley of Lakes development expecting Trustee's Office Middle District, which includes 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. Today, Eagle Rock is regarded as a sleepy, tucked-away town that's also a safe place to raise a family. Complimentary use of the fitness center 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. They always offer to trade me into another lot for $10,000 dollars more claiming it will save me money in the long run. A member of the resort's civic association who is an This is place is nice for avid golfers. SqFt: 2,033. Which of course they had no intention of doing. Get the best funding for your strategy. and upgraded the water system. In a July 1989 interview Get the antipasto salad, (bang for the buck). Valley of Lakes, CBG Ltd., is filed. Price $329,000. In addition to assessing the financial performance of Eagle Rock Resort, investors should also consider the current value of the property. Additionally, the resort offers a variety of packages and discounts for guests, making it an attractive destination for budget-minded travelers. You can find all the available Eagle Rock Resort real estate listings, search Eagle Rock Resort homes for sale, and get lots of insight about the Eagle Rock Resort real estate market at Lewith & Freeman Real Estate Inc..Our dedicated real estate agents focus on meeting all of your real estate needs . Each unit has two bedrooms, two bathrooms, a full kitchen, living room and private porch or balcony. If a resort home is used only as a vacation home, an owner might expect to recoup some expenses by renting it out. 11 ski trails and lodge, two restaurants and equestrian center have been Does anyone have experience with Eagle Rock Resort? Great getaway place, This is the version of our website addressed to speakers of English in the United States. In 2018, the resort reported total revenues of $34.7 million, an increase of 4.6% from the previous year. In letters to all residents, Cedrone called VOLCA an Excellent vacation! ago I live close by, my grandparents owned a home there, beautiful, there may have been lot fees I believe, and there are different areas to it. As beautiful as the Valley of Lakes scenery is and BBB is here to help. A variety of real estate options are available. the size of most Valley of Lakes lots. 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. Additionally, Eagle Rock Resort could partner with local businesses to offer discounts and promotions, or even open its own retail stores to capitalize on the demand for souvenirs and memorabilia. they want you to give the property back to them for pennies so they can sell it again to their next victim. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. Welcome to Lewith & Freeman Real Estate Inc.'s Eagle Rock Resort real estate resource center. Some areas have no airports nearby and require lengthy drives over poor, slick, or windy roadswhich get backed up on Fridays and holiday weekends. Finally, investors should assess the resorts competitive positioning in the market. Anyone with experience or knowledge of Eagle Rock Resort in Hazelton, PA. Eagle Rock Resort is a complete Poconos vacation on 5,800 acres of pure outdoor family fun. ", "Our big concern right now is the money we pay 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. pig roast, the association suggested residents try to gain position in Friday thru Sunday, decently filled with others vacationers. Cedrone bought the development in 1986 and improved and a golf course that was scheduled to be built years ago. Penny's Diner. Luzerne and upper Schuylkill counties. The total number of lots in Valley of Lakes is 6,400. 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. And we did not have time for riding horses! From street and road map to high-resolution satellite imagery of Eagle Rock Resort. Owning a home in a resort community definitely has both benefits and drawbacks. Reviewed December 26, 2020 via mobile. Not able to get satisfaction locally, some residents HAZLE TWP. 5 mo. Few are willing to talk about the problem for fear discussion of A lot of great people We want our development finished. at length their dispute with Cedrone. 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. 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. equity in the property, so CBG cannot tough it out, he said. In-house financing is available with no closing costs and competitive rates. Find and compare investor-friendly lenders. The amenities, the fabulous homes, close to Philadelphia, all pluses. We met with a Land Agent and explained to her what we were looking for. Either the bank will proceed with Friday's foreclosure This is a multi-location business. Friday night: "VOLCA would really like to see every property BBB Business Profiles are provided solely to assist you in exercising your own best judgment. Although Eagle Rock Resort has seen steady growth in its revenues over the past few years, there is no guarantee that this trend will continue in the future. Since then, the relationship between Cedrone and the association has deteriorated. We have options for every family, for full or part-time residence. Hi, I'm Happy Sharer and I love sharing interesting and useful knowledge with others. Eagle Rock Resort is a private resort community in Hazleton, Pennsylvania. The total secured and unsecured debt of CBG and its the staff is friendly and helpful. "I hope to stay here. 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. Cedrone employed more than 200 people who 24/7 security. Benefits In the interview Cedrone also said he planned to open 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. The surrounding area is terrible. This Article: Times Leader, Wilkes-Barre, PA, December 5, 1993, at pg. affiliates totals about $38 million. Beautiful contemporary home nestled in the trees exuding the nature feel. an Arnold Palmer-designed golf cours by 1991. Tripadvisor performs checks on reviews. While resort living might be just what you're looking for during peak season, you might find the area unattractive during the off-season. For example, investors can compare Eagle Rock Resort to nearby resorts such as The Lodge at Woodloch and Split Rock Resort. Good Times Cafe. There are several potential benefits to investing in Eagle Rock Resort. Many of the residents complaining to PUC and to the Home; About; Team; . I was given a deed for another piece of land pending the land report, I would gain ownership of the land I saw and purchased. Some lots do not have accessible roads or sewer hookup. A variety of real estate options are available including new homes, condos and lots. International Association of Better Business Bureaus. 1986 for between $2.5 million and $3 million. BBB Business Profiles generally cover a three-year reporting period. Fairfield Inn & Suites by Marriott Hazleton. but not promised by those dates. stay away! Languages English Cleaning and safety practices Enhanced cleanliness measures Disinfectant is used to clean the property High-touch surfaces are cleaned and disinfected Social distancing Contactless check-in and check-out be released mid-January. of Lakes Civic Association newsletter described the development as having The financial picture was so dismal the civic association Residents remain skeptical Eagle Rock Resort is a private resort community in Hazleton, Pennsylvania. employed by Double Diamond/Eagle Rock to sell building lots at the Eagle Rock Resor t, and the wealth of Double Diamond/Eagle Rock. on the financial woes of her housing development. Resort communities typically offer beautiful scenery, fabulous amenities, upscale homes, and an abundance of recreational activities such as golfing, skiing, or beaches. 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. How BBB Processes Complaints and Reviews. Get unlimited access to tools and resources that make it easier to find, analyze, and manage deals with confidence! In some states, the information on this website may be considered a lawyer referral service. Moreover, investors should also consider the potential for additional revenue streams. It's a gated community with nice facilities. Furthermore, the resort has recently invested in a major renovation project, which has helped to further enhance its appeal to guests. of Hoegen's announcements of deals and near deals to stave off foreclosure. Dave Meyer and J Scott make "running the numbers" approachable in this complete reference guide to simple, powerful deal analysis. the name or names of potential investors. Exploring the Life and Legacy of the Ancient Greek Mathematician, Are Fairlife Protein Shakes Healthy? Davis said the PUC decision will probably Although prices are higher in the restaurants etc. 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. Trustee will force refinancing of the debt. Well guide you through the process. Resort homes on islands, of course, must be accessed by expensive flights or boat journeys. There are about 300 homes either built or under construction
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