What Should You Know About Tetherow?
Tetherow is an example of Bend’s newest luxury golf communities. One part that makes it a worthy contender as one of the prime real estate areas of Bend is its Westside location and Proximity to Mt Bachelor. It is adjacent to Deschutes Countrywide Forest and has a total of 700 Acres.
What Makes Tetherow Special?
Besides its location, many of Tetherow’s homesites provide you with glorious, Cascade Mountain perspectives and locations along David McLay Kidd’s commended 18-Hole Golfing Course. Mr. Kidd has built quite a name for himself as the designer of Bandon Dunes, which is regarded by many to be one of the planet’s best courses. He has also been honored with the planning of the new Castle course at St. Andrews.
What comforts Does Tetherow Offer?
Tetherow has finished construction on its 17,000 square foot clubhouse whose amenities include a restaurant , bar, meeting rooms, private members’ locker rooms, lounge area, pro shop, offices and storage facilities. The 18-hole Signature Course has been completed as well as, a 9-hole Executive Practice Course. As Tetherow moves towards completion, extra planned amenities are anticipated to incorporate a Hotel/Lodge, Athletic Facility, as well as a Spa & Wellness Center.
What Possession Opportunities exist in Tetherow?
Tetherow is providing a nice cross section of property possibilities for speculators and householders starting with their 379 custom Homesites. Second , there are the offering of Lodge Houses which are pre-planned 3 and four bedroom units. The Lodge Houses will allow a home-owner to set their unit into the rental overnite lodging program. Eventually a series of Townhomes are planned for those that need a maintenance free lifestyle or perhaps are looking for part time residence in Central Oregon.
What Are The Costs associated Tetherow?
Each neighborhood has their respective homeowner dues. Now the available areas for sale have HOA dues that run from $116 – $130 a month. These dues are billed semi-annually. These dues don’t include Golfing Membership or amenity Privileges. In addition to the HOA dues, all property owners must obtain a Social/Athletic Membership. This entitles owners to have full use of the Clubhouse and Recreational Facilities throughout Tetherow, excluding Golfing . A Social/Athletic membership’s dues are $125.00 a month till the athletic facility is complete, whereupon the monthly dues will be $175.00. Optionally, you can make an application for purchase of a Golfing Membership (You must go through an acceptance process by the members ). Now the cost of Membership is $37,500 and the monthly dues are $475.00 which will not commence until April of 2009.
Moving Forward
Tetherow is moving in the right direction towards changing into a premiere address in Central Oregon. It certainly has its hurdles ahead of it when you consider the current real estate climate. Because this product is adapted to the posh home market, there’s a certain level of commercial buffering that may keep the requirement for this kind of real estate investment solvent. At this time, Tetherow is considering the possibility of bringing in a luxury hotel chain to control operation of the planned Lodge/Hotel. I feel this is a sensible choice given the fact that Bend and the greater Central Oregon does not have an internationally recognized five star hotel chain anywhere.
While visiting Bend, many of these top of the range buyers will stay in a branded 5 star hotel chain if given the option. With Tetherow incorporating such a hotel, this could place plenty of these possible buyers onto the property skyrocketing the likelihood of continued lot and home sales. Additionally Tetherow would get advantages from the further exposure of national/international announcement done by the hotel chain to market itself.
Because there are a number of projects that have not started construction, this unavoidably raises concerns over whether certain facilities will be made or what the finished product may develop into as time goes on. For people who are purchasing for the Golfing experience, this important feature of the project is pretty much completed. For people that require the additional cosseting of a Spa, five star hotel and Fitness Center…time will tell whether these plans come to fruition. I’m going to go out on a limb by mentioning that they will most likely all be built, it is just a matter of when. It would be good to consider too, that as these other amenities become available and the property market shifts to a more acceptable atmosphere, prices will start climbing as well.
Keywords: tetherow bend,tetherow bend or,tetherow com,tetherow golf,tetherow golf bend,tetherow golf club,tetherow golf course,tetherow golf course bend,tetherow oregon,tetherow resort