Hotels are the most common form of a resort property and we appraise many of
them. However, resort property can get much more complicated. One such property
that was appraised by American Appraisers was Edgewater Resort at Taylorsville
Lake, Kentucky.
This resort was on a peninsula into the lake and was owned by the Corp of
Engineers. The developer controlled the land through a ground lease for 100 years.
Individual cottages were built and sold to individuals who then "owned" the unit,
albeit a leasehold interest.
The project was comprised of several components including the sale of the units, the
rental income from the rental pool, sewer plant, condominium hotels, common
amenities and future expansion.
Another major project was the appraisal of a baseball tournament facility. The
project would include 10 baseball fields and four soccer fields. The facility would
then host national tournaments for traveling baseball teams.
We appraised a similar facility, except this property facilitated national tournament
play for basketball teams. These national tournament facilities are a recent
phenomenon and very few appraisers are qualified to appraise these types of
facilities. We are now considered to be experts in this type of property and can
handle any type of tournament facility you may be considering.
Marinas are another form of resort property that we enjoy. We appraise marinas
anywhere in the country, from inland lakes to ocean front. These marinas are often
connected to other developments such as condominium complexes, hotels, etc.
Therefore, it is important to hire an appraiser with experience in this type of property.
them. However, resort property can get much more complicated. One such property
that was appraised by American Appraisers was Edgewater Resort at Taylorsville
Lake, Kentucky.
This resort was on a peninsula into the lake and was owned by the Corp of
Engineers. The developer controlled the land through a ground lease for 100 years.
Individual cottages were built and sold to individuals who then "owned" the unit,
albeit a leasehold interest.
The project was comprised of several components including the sale of the units, the
rental income from the rental pool, sewer plant, condominium hotels, common
amenities and future expansion.
Another major project was the appraisal of a baseball tournament facility. The
project would include 10 baseball fields and four soccer fields. The facility would
then host national tournaments for traveling baseball teams.
We appraised a similar facility, except this property facilitated national tournament
play for basketball teams. These national tournament facilities are a recent
phenomenon and very few appraisers are qualified to appraise these types of
facilities. We are now considered to be experts in this type of property and can
handle any type of tournament facility you may be considering.
Marinas are another form of resort property that we enjoy. We appraise marinas
anywhere in the country, from inland lakes to ocean front. These marinas are often
connected to other developments such as condominium complexes, hotels, etc.
Therefore, it is important to hire an appraiser with experience in this type of property.
 | |  | |  | |  | |  | |  |
| Edgewater Resort at Taylorsville Lake Kentucky 127 individual cottages on Taylorsville Lake |
Baseball tournament facilities are a new phenomenon that have taken the nation by storm. With Copperstown
Dream Park in New York, Duquette Sports in Boston and now Edgewater Sports in Taylorsville Kentucky, the
new is out.
Financing a major baseball tournament facility can be a challenge. It is important to hire an appraiser that has
some expertise in this field. If you are building a facility like this, you may have already met resistance from
appraisers who are not familiar with the concept.
We have appraised Edgewater Sports, which is a proposed facility near Louisville Kentucky.
Edgewater Sports, when completed, will feature:
• 10 baseball fields
• 3 soccer fields
• Commercial outlots
• On site housing for teams and coaches, and will have separate accommodations for families and guest
in the Edgewater Resorts property
• Cafeteria facility for teams, which will also serve as a large meeting facility
• Sand volleyball court
• Batting cages
• Miniature golf
In case this project was not complicated enough, the site is located on land leased from the United States
Corp of Engineers.
In addition to Edgewater Sports, we have also appraised Hoops, basketball tournament facility in Louisville
Kentucky in its proposed condition as well as operational.
If you need an appraisal of a sports complex, it is important to work with an appraiser with experience in this
type of property. Please consider American Appraisers Corp for this type of assignment.
Dream Park in New York, Duquette Sports in Boston and now Edgewater Sports in Taylorsville Kentucky, the
new is out.
Financing a major baseball tournament facility can be a challenge. It is important to hire an appraiser that has
some expertise in this field. If you are building a facility like this, you may have already met resistance from
appraisers who are not familiar with the concept.
We have appraised Edgewater Sports, which is a proposed facility near Louisville Kentucky.
Edgewater Sports, when completed, will feature:
• 10 baseball fields
• 3 soccer fields
• Commercial outlots
• On site housing for teams and coaches, and will have separate accommodations for families and guest
in the Edgewater Resorts property
• Cafeteria facility for teams, which will also serve as a large meeting facility
• Sand volleyball court
• Batting cages
• Miniature golf
In case this project was not complicated enough, the site is located on land leased from the United States
Corp of Engineers.
In addition to Edgewater Sports, we have also appraised Hoops, basketball tournament facility in Louisville
Kentucky in its proposed condition as well as operational.
If you need an appraisal of a sports complex, it is important to work with an appraiser with experience in this
type of property. Please consider American Appraisers Corp for this type of assignment.
_American
__Appraisers
___Corporation
__Appraisers
___Corporation
(502) 267-6320 Office
(502) 267-6344 Fax
10507 Watterson Tr., 2nd Flr
Louisville, KY. 40299
(502) 267-6344 Fax
10507 Watterson Tr., 2nd Flr
Louisville, KY. 40299
Nationwide real estate appraisal service
