Edgewater neighborhood growing in popularity for young homebuyers
I thought it is only appropriate for me to re-blog this post. Edgewater is a small community tucked under the shadow of the hot Highlands area. This town's location is pretty sweet; within minutes of downtown and the foothills and accessibility is prime. This area is growing! Thanks Celia for the info and history.
The Edgewater neighborhood, located on the western edge of Sloan's Lake, is growing in popularity for young home buyers due to its accessibility to downtown Denver and affordable home pricing. Edgewater got its start as a cluster of fishing shacks in the early 1900's, but has since grown to a full town with its' own style and energy.
Edgewater Park, overlooking Sloan's Lake is a great place for kids to play and hang out, for adults to meet and greet each other, and for dogs to run (on leash of course) near the water's edge. Watch the video below for a quirky explanation of some of the park's unique features.
The town's mayor, city council and business people feel that Edgewater's time has come to create a true neighborhood character. Based on the location of the park and lake, and the well-attended Dragon Boat Festival held each summer on the lake, the community is working toward becoming more kids and family oriented.
In a recent article published in the North Denver Tribune, Mayor Bonnie McNulty said she’s gratified that the commercial area is nearly full, and the city has a “positive energy” with young people purchasing property and moving in. “I live on 25th Avenue, and I see a lot of people walking by with their kids and dogs,” she said.
The center of business activity is located on 25th Avenue, with The Edgewater Coffee Company, US Thai, The Village Restaurant and Providence Tavern serving as anchoring shops for residents and tourists alike. A recent survey by CityData found that the median income of Edgewater residents was slightly lower than that of Denver ($40,321 vs. $46,410) and the average home price was also lower at $189,823 vs. $244,600. This means that first time homebuyers will have more buying power in Edgewater than in other Denver neighborhoods, but may not have all of the public amenities that larger cities have.
Believing in the future of Edgewater as a great neighborhood to raise your family may take a little vision, but might pay off in the future. With a full-time city manager now in place, and a business development plan supported by residents, Edgewater should increase its home values in the next five years.
Celia Sellers, CDPE
www.denverneighborhoodhomes.com
www.denverdeals.wordpress.com
303-921-3199
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