Breaking ground in 2018, The Signature Collection is Old Greenwood’s newest exclusive enclave of 16 luxury cabins on Sutter’s Trail. This highly sought after floorplan designed by Zehren Architecture boasting 4 beds, 4.5 baths and 3271 square feet, takes a contemporary approach to the overwhelmingly popular classic 4-bedroom single family residence seen throughout the community’s fractional ownership program.
The developer, Paradigm 8 has quite literally shifted the paradigm from golf seasonal purchases at Old Greenwood cresting the $2M mark, to offering a unique, new approach to owning new construction, on golf course, without the hassles of traditional construction.
And with now only one site remaining out of the first 10 released in phase 1…The Signature Collection stands to be one of the most successful projects in pre-sale mode for the region in recent history.
Through economies of scale and a commercial grade development approach to the project, they are able to offer the Signature Home Collection residences (Home #12 as an example) at over a $600k savings relative to a similarly sized Old Greenwood or Gray’s Crossing custom homes.
This equates to a 36% or greater cash savings, not to mention the added value of their pre-sale incentives, including Tahoe Mountain Club initiation fees paid ($13,500,) 12 months of TMC and OG HOA dues paid ($7,200,) as well as a hot tub and fire pit upgrade ($12,000).
Above the shear cost savings vs. traditional building costs for consumers is the intangible benefit of not having to spend the precious time necessary to coordinate and build a home, especially in a place where you don’t live full time.
Experts say that building a home requires an owner to make 10,000+ decisions through the design and construction process. P-8 has taken care of almost all of those decisions, with the opportunity to select and customize finishes and buyer options during the pre-sale period.
Remaining in Phase 1 and to be completed this summer is homesite #12 listed for $1,575,000. I’ll update you with phase 2 pricing, rumored to be rolling out in the coming weeks, with price tags inevitably increasing for the 6 remaining lots and as we approach what is lining up to be a busy summer season at Old Greenwood.