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Carelton Park Townhomes close to completion

August 12th, 2008 · No Comments

Townhomes continue to show up all over Magnolia, and one of the most visible projects in The Village will see residents move in as early as October.  The 15 three-story townhomes are located on West Lynn Street across from Bartells.

These homes have attraced lots of attention as they grew up from the former parking lot.  They are currently on the market starting at $1.2 million.  The homes are large, with 3 bedrooms, 3.5 bathrooms, 2 car garage and luxury details throughout including Sub Zero appliances, Wolf ranges, built in wine cooler and high tech wiring. The homes start at 2,500 square feet and each one has a private elevator. 

The developer is Tm Homes, owned by Magnolia resident Tim McHugh, who has 28 years experience in home building. McHugh said he expects buyers to be people from the area who want to be free of home maintenance and have the ability to walk to services. He admits he is concerned about the downturn in the housing market but believes many Magnolia residents are living in homes that have increased in value and can afford the new townhomes.  So far one home has been sold and three have been reserved.

For Magnolia residents who miss the mailbox that had to be moved to make room for the townhomes, the developer says the post office was going to move the mailbox to its new location in the parking lot of Magnolia Park anyway.

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