Joe said:
What I had in mind was if you bought a lot for around $450-500K, you can then build a home through the Watercolor builder program. Through this program a builder such as Monte Hewett can build you one for under $325 sq/ft. You choose one of their plans and skip the $50K in architect fees. I have pricing from Monte Hewitt as of two weeks ago so the home price per sq/ft I am quoting is accurate.
Help me if I am off. Let's say you bought the cheapest lot and they reduced the price slightly, leaving you to pay $450K for the lot. At 2000sf, your cost of the lot per sf of house is $225/sf ($450,000/2,000sf).
Leaving out the arch. costs, and using Monte Hewett's quote to you of $325/sf, you have a price of
$550/sf ($225/sf +$325/sf). Maybe that is close to $500/sf in your book, but not mine. Again this is assuming buying the cheapest lot. There is only one lot in WaterColor priced under $500K, and there are not many priced at that end of the price range. This scenerio also assumes that the min home size is 2,000sf. I would be curious to know the minimum sf home size allowed in Ph IV. Anyone know?
The other price scenero of using $500K for the lot would give you a price of $575 per sf.
In summary, I don't think it would be easy to build a home in WaterColor for $500/sf. Maybe Skier will sell you his for the right price.