Preston Lake no longer underwater

Preston Lake, a large (500-ish unit) mixed use development east of Harrisonburg began selling homes in 2008, was foreclosed on by Wells Fargo in 2011, and was then acquired by a developer out of Maryland in 2012.

Here are a few updates of what has been happening since the new developer has taken over....

• As shown above, the lake has been drained and is being repaired, as there seemed to have been a leak that was preventing it from staying full.
   
  
• Not shown above, a new brick wall is being built along the edge of Preston Lake at Massanetta Springs Road, which will be accompanied by a revamped entrance.
   
  
• A new model home has been built that showcases what the new builder is offering.
   
  
• A variety of new models of homes are being advertised.... 
• The Cottage Collection (1847-2334 SF) starting in the mid $300K's
• The Vista Collection (2965-3226 SF) starting in the high $400K's
• The Estate Collection (3238-4056 SF) starting in the low $500K's
• The Charleston Townhome Collection (1763-1897 SF) starting in the high $200K's
  

Take a drive through Preston Lake sometime soon to see the changes that are under way, and if you have questions, feel free to email (scott@HarrisonburgHousingToday.com) or call me (540-578-0102).

Some Preston Lake reading material from the archives....

• Details of Sale of Preston Lake Subdivision (Dec 2012)
       
  
• Preston Lake Acquired By Neighboring Property Owner (Development Company from Maryland) (Dec 2012)
   
  
• Preston Lake Foreclosure Finalized: Land Transfers To Wells Fargo, Homeowners Association (Feb 2011)
   
  
• Preston Lake Foreclosure Auction Results In $3.5M Sale To Wells Fargo (Feb 2011)
   
  
• Preston Lake Headed To Foreclosure? (Jan 2011)
   
  
• Sales Updates at Preston Lake in Harrisonburg, VA (Jul 2010)