Eagle Ridge Surpasses Expectations in 2005 Home Sales

(Raleigh, NC)- Eagle Ridge Golf Community, a premier Wakefield Development Community in Southern Wake County, is proud to announce that their home sales were up a phenomenal 76 percent in 2005. The community generated home sales of over $40,500,000 million on 150 homes in 2005.

“We are very pleased with the response and success of Eagle Ridge,” said John Myers, president of Wakefield Development Company. “The community provides residents exceptional value and location and we foresee continued success for Eagle Ridge in 2006.”

The beautiful golf course community spreads over more than 500 acres with over 140 acres of lakes and natural wooded preserves. The community offers residents the opportunity to enjoy the luxuries of a semi-private golf course, swim and racquet club including a junior Olympic-size swimming pool, cabana and children’s wading pool, and tennis courts. The Eagle Ridge clubhouse is perfectly situated on the 18th hole and has a spectacular view of the lake. The clubhouse encompasses over 5,000 square feet with a fully equipped golf pro shop, men and women’s locker rooms.  In addition, a full-service restaurant and bar allows golfers and members to relax and enjoy a delicious dinner in a comfortable environment.                                                    

Eagle Ridge offers a diverse collection of traditional and transitional homes plus custom built executive homes starting in the $160s to the $500s. Residents can choose from several well-known builders including, KB Homes, M/I Homes, Logan American Homes, K. Hovnanian as well as team of six custom builders.                                                                                                                                                            

Excitement Building at Eagle Ridge

Eagle Ridge is flying high. The 530-acre golf community in Southern Wake County has already surpassed its sales totals for all of last year, welcoming 76 families and generating over $17 million in new home sales through October of this year.

That's 11 sales and nearly $6 million more than the community recorded in all of 2003, and there's still two months to go in 2004.

Eagle Ridge is now home to nearly 340 families and has generated over $76 million in sales since its grand opening in 1999, according to Polly Jenkins of Wakefield Development Company, the community's developer.

What's behind the rise of Eagle Ridge ? ?Sales really started to pick up when we opened our new clubhouse and pro shop in April,? Jenkins said. ?The momentum started to build right away, and we've been going at a record pace ever since.?

The community is showing no signs of slowing down, Jenkins said, with over 200 new homes scheduled for completion over the next 18 to 24 months.

Two new neighborhoods are opening this fall, and several new builders are expected on the community's custom builder team for its Whitworth Estates custom neighborhood.

KB Homes is opening Ryders Retreat, featuring 102 homes priced from $150,000 to $200,000. The homes will feature fairway or lake locations, or golf and lake views, Jenkins said.

KHovnian is opening Woods Bluff, featuring 82 homes priced from $240,000 to $300,000. Woods Bluff homes are designed in the Craftsman style offering side-entry garages and wrap porches, with fairway locations and excellent views of the course and the new clubhouse, she said.

The new builders to the Eagle Ridge custom team include Cambridge Builders of Clayton, Central Carolina , Inc. and MCH Custom Homes of Raleigh , and Dillon Construction of Wendell.

Eagle Ridge boasts an array of amenities on par with the Triangle's top communities. Its new $1.2 million clubhouse encompasses over 5,000 square feet, with a fully equipped pro shop, bar and grill, 150-seat banquet area, and men's and women's locker rooms.

The Eagle Ridge golf course ? designed by former US Open champion Tom Kite and award-winning architect Bob Cupp ? has emerged as one of the most popular courses in the Triangle since opening for play in 2001, attracting over 21,000 rounds so far this year.

The course stretches nearly 7,000 yards across the foothills of southern Wake County . It is ranked among the best daily-fee courses in the Research Triangle, and its bentgrass greens are considered among the best in the state.

Eagle Ridge began selling memberships last year, and now has 80 members. Initiation fee is currently set at $3,700, with monthly dues of $125 for full golf members.

Eagle Ridge amenities also include a members swim complex and tennis courts, children's playground, plus a 42-acre nature preserve.

Eagle Ridge is one of six communities Wakefield Development Company has underway in Wake County . The others are Wakefield Plantation, Bedford at Falls River , Cornerstone, Edgewater and Delta Ridge. The company is launching Mackintosh at the Lake in Burlington this fall, featuring over 1,800 new homes; and coming in 2005 to Cary is Twin Lakes

For information on Eagle Ridge call the sales model at 919.661.1777 or visit the website www.eagleridgehome.com.

Eagle Ridge Clubhouse Sets
May 27 Grand Opening

Eagle Ridge, the 608-acre golf community in Garner, will celebrate the grand opening of its new $1.2 million clubhouse at a May 27 reception from 5:30 to 7:30 pm.

The celebration will feature Garner Mayor Sam Bridges, Garner Chamber of Commerce officials and Steve Sandler and John Myers of Wakefield Development Company of Raleigh, the community?s developer.

?Our new clubhouse is the crowning touch to one of the premier golf communities in Wake County,? Myers said. ?It elevates Eagle Ridge to a whole new level of prominence in the Triangle, and there?s no question it will help accelerate new home sales in the community.?

The Eagle Ridge Clubhouse encompasses over 5,000 square feet, with a fully equipped golf pro shop, bar and grill, 150-seat banquet area, and men?s and women?s locker rooms.

Designed by US Open champion Tom Kite and award-winning architect Bob Cupp, the Eagle Ridge golf course has emerged as one of the most popular courses in the Triangle since opening for play in 2001.

?We?re averaging over 2,500 rounds per month so far in 2004, about 15 percent above last year?s pace,? course manager Lynn Fuller said. ?That?s a real tribute to our staff headed by head pro Michael Ward and superintendent Torrey Boman.?

The Eagle Ridge course stretches nearly 7,000 yards across the foothills of southern Wake County. It is ranked among the best daily-fee courses in the Research Triangle, and its bentgrass greens are considered among the best in the state.

Eagle Ridge began selling memberships last year, and now has more than 100 members, Fuller said. Initiation fee is currently set at $3,700, with monthly dues of $125 for full golf members. Initiation and monthly fees are expected to increase later this year, he said.

The Eagle Ridge community is enjoying its best year since opening in 2000, welcoming over 35 families and generating nearly $2 million in new home sales through the first four months of 2004. It is currently home to over 300 families.

Eagle Ridge is one of six communities Wakefield Development Company has underway in Wake County. The others are Wakefield Plantation, Bedford at Falls River, Cornerstone, Edgewater and Delta Ridge. The company plans to launch Mackintosh at the Lake in Burlington this fall, featuring over 1,800 new homes.