New, affordable quality homes starting at $179,000 may sound like a thing of the past.
But at Treadway Ponds, a development of 36 attached cluster homes in Sheffield Lake, $179,000 is the starting point for this new construction opportunity.
“New construction under $200,000 for a two bedroom home and under $250,000 for multiple bedrooms is unheard of in this economy in terms of affordability,” reports developer Mike DeAnna. “At this price range, our thinking is that this is an opportunity for folks who are downsizing to easily get into something new and affordable.”
Treadway Ponds is located at the end of Treadway Blvd. off Lake Road. The popular Amber Oaks restaurant is on the corner of Treadway and Lake Roads. Treadway Ponds sits at the rear of the street, in a wooded enclave next to a quiet public park with walking trails adjacent to the new development. Featured are cluster homes available in 1, 2 or 3 bedroom floor plans with maintenance-free living.
“It is a private community on a private street – there is no through traffic,” says co-developer George Douzos.”It is really a large cul-de-sac with four ponds located within the development.”
The floor plans for the homes feature latitude in construction, with the large, first floor master bedroom able to be reconfigured to share with a sunroom or covered patio, or simply remain as a large master.
18 homes on either side of Treadway Ponds are straddled by two large, interconnected ponds. Two other ponds stand at the entry to the development. The ponds will have fountains and be stocked for catch-and-release fishing.
“These homes are designed with affordability in mind,” said Douzos, owner of 5D Construction, LLC, a well-known west shore building and remodeling firm. “The quality is there. I have construction people who have been with me for 25 years, and also suppliers, who know that cost effectiveness and quality is our goal.”
Treadway Ponds, although smaller, is reminiscent of the popular Avenbury Lakes in Avon with its ranch homes, naturalized setting and nearby walking trail. That is no coincidence as DeAnna was the Sales Manager for the Joe Scaletta development back in the 1990’s.
Douzos and DeAnna have worked together for decades. They know the market for Treadway Ponds, “These homes are perfect for the couple who is downsizing, whose current homes are now bigger than what they need,” said DeAnna.
“These will fit the needs of the first-time buyer or person who doesn’t want to cut the grass or shovel the snow. Those items are included as part of our homeowners association’s low monthly maintenance fee of $125/mo. We also welcome VA and FHA buyers.”
Prospective buyers will also find other benefits in stepping across the county line to nearby Sheffield Lake. Traffic is light, shopping is convenient, and the neighborhoods are quiet. And, the lake and its amenities are easily accessible.
“We envision Treadway Ponds as a place that will be a close-knit neighborhood, where homeowners will become friends,” said Douzos.
To learn more about Treadway Ponds, please visit treadwayponds.com or phone (440) 570-4252.