Developer Bart Connelly looks at a sliding glass door March 12 at a home being built at 905 Lakeshore Circle. The home is part of Connelly Development's Lakeshore Estates development in McCook Lake.
Tim Hynds, Sioux City Journal
A spec home under construction at 905 Lakeshore Circle is shown March 12. The home is part of the new Lakeshore Estates in McCook Lake.
Tim Hynds, Sioux City Journal
Developer Bart Connelly is shown March 12 at a home being built at 905 Lakeshore Circle. The house is part of Connelly Development's Lakeshore Estates development in McCook Lake, South Dakota.
NORTH SIOUX CITY -- Construction has begun on a new housing development on one of the last undeveloped tracts of land along McCook Lake.Â
A lakeside home is under construction at the new "Lakeshore Estates" development, while an off-lake speculative house is under construction at the 64-lot housing development. The spec house is listed at $389,000.
The development lies just west of Interstate 29, somewhat north of the North Sioux City Fire Department and the Days Inn hotel. Â
Connelly Development is the project's general contractor, while NAI United will market the development. Developer Bart Connelly, NAI United president Chris Bogenrief and NAI's Nathan Connelly all own stakes in the development.Â
The project is expected to take shape over four phases. Half of the lots of the first phase, including all the lake-adjacent lots, have already been sold, with five off-lake lots remaining on the market.Â
Connelly estimated that all four phases could take four to five years to complete.Â
The lots, which range in price from $61,000 to $82,000, are sizable -- the smallest available are 0.37 acres, while the largest is 0.81 acres. A few of the lake-facing lots, which have already been purchased, are far larger.Â
"These lots are a little larger than typical," Bogenrief said.Â
Bogenrief stressed that the development will have protective covenants in place "protecting this whole development, to protect your values, so that somebody next door doesn't do anything crazy." There are, however, no builder restrictions.
The developers are touting South Dakota's "tax climate" as a major incentive to build and live there.Â
Dan Parks, president of the North Sioux City Council, said the development could be the last chance for buyers to get brand-new homes near McCook Lake, which has been surrounded by other developments over the years.Â
"It's kind of one of the last things left here on the lake, other than buying something, tearing down and rebuilding around the lake," he said.Â
The neighborhood will be connected to a bike trail that connects to the Adams Nature Preserve and Dakota Dunes, and is close to a public boat ramp.Â
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Developer Bart Connelly looks at a sliding glass door March 12 at a home being built at 905 Lakeshore Circle. The home is part of Connelly Development's Lakeshore Estates development in McCook Lake.
Developer Bart Connelly is shown March 12 at a home being built at 905 Lakeshore Circle. The house is part of Connelly Development's Lakeshore Estates development in McCook Lake, South Dakota.
