View Full Version : Woods At Myrtle Point
Curious99
01-02-2012, 07:32 PM
Anyone buying in Woods at Myrtle Point should be careful. The original New York developer went under in the 1980s. After his bankruptcy the site was owned by the Resolution Trust Corp. and later the FDIC. The County acquired the 200 acre waterfront portion as Myrtle Point Park and PF Summers acquired 300 acres. Summers went under in 2008 after building 20 houses or so and this site could also be Stanly Martin’s Waterloo – it should never have been developed.
The land consists of fine sand and is highly erodible; once the topsoil is removed it flows very easily. It’s expensive to develop and that is why some sites have concrete walls to hold the houses in place.
Before buying, ask one of the families that live there why most of the street lights have been turned off. Also ask the real estate agent to see the plans for the townhouse development. A mean, ugly, quick-buck dense pack without room for a swing set or teeter totter.
libertytyranny
01-02-2012, 07:46 PM
And radon too, I bet!
itsbob
01-02-2012, 07:47 PM
And radon too, I bet!
Hey you're catching on!
And radon too, I bet!
:killingme :killingme :killingme
Baja28
01-02-2012, 09:11 PM
Anyone buying in Woods at Myrtle Point should be careful. The original New York developer went under in the 1980s. After his bankruptcy the site was owned by the Resolution Trust Corp. and later the FDIC. The County acquired the 200 acre waterfront portion as Myrtle Point Park and PF Summers acquired 300 acres. Summers went under in 2008 after building 20 houses or so and this site could also be Stanly Martin’s Waterloo – it should never have been developed.
The land consists of fine sand and is highly erodible; once the topsoil is removed it flows very easily. It’s expensive to develop and that is why some sites have concrete walls to hold the houses in place.
Before buying, ask one of the families that live there why most of the street lights have been turned off. Also ask the real estate agent to see the plans for the townhouse development. A mean, ugly, quick-buck dense pack without room for a swing set or teeter totter.You're not very successful bashing developers are you? http://forums.somd.com/news-current-events/223772-fdr-boondoggle-boulevard.html#post4536588 There are more important things to worry over yanno. :popcorn:
Baja28
01-02-2012, 09:11 PM
And radon too, I bet!I loves me some LT! :love:
shaggydog
01-02-2012, 11:03 PM
Why have the street lights been turned off? At least it's not like Wildewood.
ltown81
01-03-2012, 11:49 PM
Sounds like one of the local greenies who live near the development that have fought it tooth and nail. It would certainly be cheaper to develop if the developers were not having MDE called in every time a bucket full of silt runs the wrong way.
People need to realize that the land WILL be developed, and fighting every company tooth and nail untill they go out of business does nothing but drag it out, and make it more miserable for the neighbors and the people who buy there.
And no..I have nothing to do with any company or interest there.
CrashTest
01-04-2012, 07:12 AM
And no..I have nothing to do with any company or interest there.
But you are amoung those who has to stop at the new traffic light on Rt4 because the brainiacs in Leonardtown keep issuing new building permits without any consideration as to whether or not the current road infrastructure can handle it.
glhs837
01-04-2012, 07:47 AM
Sounds like one of the local greenies who live near the development that have fought it tooth and nail. It would certainly be cheaper to develop if the developers were not having MDE called in every time a bucket full of silt runs the wrong way.
People need to realize that the land WILL be developed, and fighting every company tooth and nail untill they go out of business does nothing but drag it out, and make it more miserable for the neighbors and the people who buy there.
And no..I have nothing to do with any company or interest there.
And the same crowd that talked the county into buying the point, touting all its possible uses as a park, then flipped once the deal was done and insisted that it be retained in its pristine state, although it hasn't been pristine since who knows when, having been a farm. Biggest shell game run in the county for decades. Until now, what with the Lex Park Redevelopment being planned to hook Millison up by subsidizing the revamp of all the out of date facilities.
Curious99
01-04-2012, 07:06 PM
You're not very successful bashing developers are you? http://forums.somd.com/news-current-events/223772-fdr-boondoggle-boulevard.html#post4536588 There are more important things to worry over yanno. :popcorn:
You are right on that, Boondoggle Boulevard was approved by a 3 to 2 vote with a $42M price tag and I doubt a forum post had any effect at all so get out your checkbook. We get Waldorf style sprawl for the higher taxes we pay every year.
ltown81
01-04-2012, 11:25 PM
But you are amoung those who has to stop at the new traffic light on Rt4 because the brainiacs in Leonardtown keep issuing new building permits without any consideration as to whether or not the current road infrastructure can handle it.
I think anyone who has ever tried to leave Patuxent Blvd, or almost hit someone pulling out in front of them knows a light is needed there. That was before they even started building out the "Woods"
CrashTest
01-05-2012, 06:54 AM
I think anyone who has ever tried to leave Patuxent Blvd, or almost hit someone pulling out in front of them knows a light is needed there. That was before they even started building out the "Woods"
A traffic light won't fix Rt 4. Maybe more building permits will?
CrashTest
01-05-2012, 06:59 AM
I drove down there last night. Looks like Stanley Martin has already bailed. I guess these guys think they can turn a profit.
The Woods at Myrtle Point | Curtis Homes (http://www.curtisnet.com/community/woods-at-myrtle-point/)
glhs837
01-05-2012, 07:24 AM
A traffic light won't fix Rt 4. Maybe more building permits will?
The only thing that's going to "fix" route 4 is a redesign to accommodate the amount of traffic on it, and to not allow crossovers. Same basic thing they did with Chancellors Run. We refuse to train drivers, and when they screw up, we call it an accident, and refuse to punish those who drive poorly. So we must now make roads idiot proof, since we refuse to fix the idiots.
And maybe the new guys can make a profit, since i assume they got a smoking deal. Market comes back up at all, they might do okay. Maybe not, but business is about taking a risk:)
glhs837
01-05-2012, 07:55 AM
I drove down there last night. Looks like Stanley Martin has already bailed. I guess these guys think they can turn a profit.
The Woods at Myrtle Point | Curtis Homes (http://www.curtisnet.com/community/woods-at-myrtle-point/)
Hmmm, looks like they bought just the "developed" section, there are still 2 183 acres parcels that PF Summers still owns, but Curtis bought the section thats done in a lot of separate transactions, some open multi acre parcels not yet broken into lots (3.8 acres for 508K, 2.6 acres for 503K, some lots with house they got for the mid 200s and turned and sold for mid-high threes, 1/4 lots with no houses on them yet.
So if Pf Summers took the whole thing as a loss, then Curtis got a good enough deal to make money, provided they can sell the houses, which it appears they are. 2,800 square feet on a dead end road surrounded by woods, for the mid 300s? Some folks will still jump on that, I suppose.
CrashTest
01-05-2012, 08:12 AM
Hmmm, looks like they bought just the "developed" section, there are still 2 183 acres parcels that PF Summers still owns, but Curtis bought the section thats done in a lot of separate transactions, some open multi acre parcels not yet broken into lots (3.8 acres for 508K, 2.6 acres for 503K, some lots with house they got for the mid 200s and turned and sold for mid-high threes, 1/4 lots with no houses on them yet.
So if Pf Summers took the whole thing as a loss, then Curtis got a good enough deal to make money, provided they can sell the houses, which it appears they are. 2,800 square feet on a dead end road surrounded by woods, for the mid 300s? Some folks will still jump on that, I suppose.
I read about the dubious soil conditions down there years ago when I was shopping for a new crib. For me, I wouldn't pay a penny for a house that might be floating down the Patuxent River in a few years. And for the builder, there's usually long term structural warranties that they have to honor (if they want to stay in business). Good luck with that.
glhs837
01-05-2012, 08:20 AM
Oh, hell, I wouldnt buy there:) As for the warranty thing, piffle, once the troubles start, you go under as that LLC and resurface later on as another company. When I was looking, I looked at a lot of models all over the county, and usually, under the initial prettiness, the work seemed sloppy to me, and floor layouts seemed more made to impress a buyer than work for living in. That was one factor in me buying a home built in the 80s vice a new one in a subdivision.
Curious99
01-06-2012, 08:56 AM
Sounds like one of the local greenies who live near the development that have fought it tooth and nail. It would certainly be cheaper to develop if the developers were not having MDE called in every time a bucket full of silt runs the wrong way.
People need to realize that the land WILL be developed, and fighting every company tooth and nail untill they go out of business does nothing but drag it out, and make it more miserable for the neighbors and the people who buy there.
And no..I have nothing to do with any company or interest there.
More like truck loads of silt. Check out these pictures Woods At Myrtle Point Pictures (http://mysite.verizon.net/restmd30/) I’m sure the waterman and folks downstream don’t appreciate it.
CrashTest
01-06-2012, 10:48 AM
More like truck loads of silt. Check out these pictures Woods At Myrtle Point Pictures (http://mysite.verizon.net/restmd30/) I’m sure the waterman and folks downstream don’t appreciate it.
I guess when local Govt tells them to pound sand, they'll have plenty of it to pound. Afterall, local Govt issued the building permits.
ltown81
01-08-2012, 04:47 AM
The whole warranty thing is a sham no matter what. We looked at some development Curtis had when we first moved down here, and basically you bought the home from them, and then they had a builder that was a different LLC that baought the home and warrantied it.
The builder with the best chance of making the Woods work was PF Summers. They had success building in rough terrain in other developments, and really had success. With the Woods they sunk a crap ton of money into site work, and kept getting delayed by people reporting them over every little thing. By the time they were ready to build, the housing market tanked, and stuck it to them. Basically they had a huge development they sank a lot of money into, and now could not sell at the volume or price they expected which led to the company going under. At least that is what I surmise without having any first hand knowlege.
I know this much..I have seen homes from Curtis, QBH, Stanley Martin, and PF Summers, and I would rather have a PF Summers home out of the three. Much nicer and complete design and construction. It was a shame they failed.
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