How to buy real estate at Predator Ridge

The real estate office at Predator Ridge was just a 2-minute walk from the main lodge, so I ambled over to check things out.  Realtor Claire Radford was offering an explanation to two potential buyers in the office, showing a 3-D model of the entire property, which, as mentioned before, is rather extensive.

The options seemed endless. There were town homes, single-family houses, estates, and something called “fractional ownership,” which seemed more in my price range. Evidently for $58,000 you can buy vacation time in a town home at The Ridge, just to get you started.

“Hey, for $58,000 in Vancouver you can get part ownership in a garage,” I offered.  The two ladies from Alberta looked at me kind of strange. “You have to win the lottery to buy a house in Vancouver.”

Evidently the economy in Alberta is booming, and real estate prices are high there and rising, but the Okanagan is seen as some sort of promised land in Alberta. Those folks in BC or Alberta with the time, income, pensions or savings are looking at either moving to the Okanagan, or at least buying a chunk of it before prices rise beyond their current affordable levels.

Claire offered to take us all for a tour of the property, so we piled into her van and off we went.  Right around the corner from the real estate office (which itself is centrally located right across the street from the village tennis courts and family playground) we found The Tips.  This may be a term named after golf in some way, but I didn’t ask.  What I found was that The Tips offers “fractional ownership,” which means you only pay for the time you spend on vacation there. You end up owning 1/12th of a home and enjoy the luxury of a property manager taking care of your investment.  Far better than timeshare, I thought.

The Tips features 2-bedroom (both masters) suites finished off with all the top of the line amenities like granite counter tops, spacious sundecks, patios and hot tubs.  You get full membership privileges at two golf courses and fitness centre with its indoor pool, use of your own private golf cart, and access to the deluxe Sparkling Hills Spa just up the road.  Why, could buy up to four weeks ownership and spend your entire summer vacation there.

“All units are fully equipped, including a wine fridge and wine glasses,” Claire pointed out. I noticed that there was no wine in the fridge but kept this observation to myself. Then we hopped in the van to drive on towards the Osprey Green neighbourhood, where a couple of two-bedroom town homes were still for sale.

These units were  1400 square feet overlooking the 7th and 8th holes of the Predator Course with views up the beautiful Coldstream Valley and some spectacular mountain ranges in the distance. The tasteful interiors were finished with hardwood, stone and stainless steel.  Very nice, but it was the views to die for that transfixed me as I stood in the window.  What a way to wake up in the morning! The price for this unit was $409,000, more like $1.5 million if it was located in downtown Vancouver.

Then we were off to Longspoon Ridge (was there a golfer by that name?don’t think so!) to look at the single family houses, or what Predator calls its Signature  Series Homes. These range from 2,400 – 2,700 square feet,  quite luxurious and spacious with easy access to the great outdoors. The Preston design included 4 bedrooms, three bathrooms and  2582 square feet. The  Furber boatsed 4 bedrooms and a den, obviously designed to invite family and friends. The top of the line Ellison design enjoyed 4 bedrooms, den, theatre and four baths, and  3481 square feet, handy in case you felt like throwing a great big party.

“These craftsman-style golf course homes are accented with natural materials like exposed wood beams, stonework and cedar decking,” said Claire. “ Home sites are typically 50 to 65 feet wide, and feature a master bedroom on the   there is quite a range of sizes : 1400 to 1900 on the main – so maybe say that or just leave the square footage out main floor,and a  terrace level walk out.  They offer plenty of storage space and a two-car garage.”

Unfortunately, running out of time and money, we did not venture up the hill to look at the Falcon Point Custom Estate homes, slightly out of my price range, but they sure looked very nice from down below. Back in the van, we drove up to Longspoon Ridge to take in the views.

“Longspoon Ridge is an emerging neighbourhood in a special pocket offering extraordinary views of Lake Okanagan and the Monashee Mountains,” said Claire. “Atop the community is a lovely park offering beautiful vistas and access to our backcountry walks and our Outlook Cabin. We guarantee you won’t find a similar neighbourhood in the north Okanagan with lots like this for sale.”

Homesites here with panoramic north facing views start at $259,000, so if I sold our Vancouver False Creek condo we could buy several and have room leftover to buy barbeque foodstuffs. Fully finished single family homes in this neighbourhood start at $499,000, or the price of a small bungalow way out in the Vancouver suburbs.

“All properties here at Predator Ridge have access to over 1,200 acres of naturally preserved property, 12 kilometres of hiking trails, and all the other amenities at the Okanagan’s premier resort,” said Claire, pulling back into her parking spot at the real estate office. “Plus it’s only about a 15-minute drive to Vernon for shopping and entertainment, or to work if you have an office there.”

“What’s your handicap, Claire?” I asked. “How often do you get out of the office and get to play?”

“Oh, I don’t actually play golf,” she said, smiling sweetly, “I just live here because it’s so beautiful.”

For more information about buying real estate at Predator Ridge, you can contact realtor Claire Radford at any of these numbers:

Toll free:         1.866.578.2233

Office:             250-503-1739

Cell:                250-309-3938

Fax:                 250-503-1759

E:                    cradford@predatorridge.com

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Categories: Buying a piece of Predator Ridge, Tour

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