Best of luck
The old sign announcing the Chico Beach Cottages said something like “Coming in Spring 2010” or “Available in Spring 2010.” Construction finally started a couple of weeks ago. The new sign (see photo) doesn’t mention the missed deadline, but a flyer available at the site states that completion is now targeted for Spring 2011. It also advises that only 5 of the 7 homes to be clustered on the roughly 1-acre site, which are priced from the mid-$500s, are left. I learned this on my bike ride today.
The waterfront project is located on the northwest side of Dyes Inlet, just before Chico Way dead ends into Newberry Hill Road, about a half-mile south of Silverdale. It’s a high-rent area due to the view and location. The home just to the north of the project is valued at more than $760,000 on the county tax rolls. I will miss the heavily wooded lot that’s been clear cut to make room for the cottages. But it will be interesting to see if the project can live up to its own marketing: “Once in-a-lifetime opportunity to own a new, legacy waterfront home in Kitsap’s first ‘pocket neighborhood’ cottage community!” More important whether the long-delayed construction start means local real estate professionals think Central Kitsap is emerging from the housing slump.
Mud Bay Blog 