The Berra's Lake of the Ozarks Real Estate Blog

January 10th, 2018 10:47 AM

2017 was a good year overall for real estate at the Lake of the Ozarks. 

Single Family Waterfront Homes: 950 closed sales in 2017 vs. 744 in 2016. Average sale price is up slightly and bank owned sales were down to 21. 

Single Family Off Water Homes: 984 closed sales vs. 917 in 2016. Average sale price was up nearly 10% and bank owned sales declined by roughly 7%,

New Condo Sales: 32 closings in 2017 vs. 28 in 2016. Average sale prices were up around 15% and there were no new condo bank owned sales.

Resale Condo Sales: 852 in 2017 vs. 696 in 2016. Average values remained stable, but bank owned sales increased.

Villas and Townhomes: 63 closings in 2017; a drop from the 63 sales in 2016. Average prices remained stable and bank owned sales decreased.

Lakefront Lots and Land: 95 closings in 2017 vs. 64 in 2016. Average sale prices were down around 20%. Bank owned sales up only slightly.

Non-Lakefront Land: 193 sales in 2017; down from 227 sales in 2016, Values remained stable, but bank owned sales were up substantially.

Commercial: 59 sales in 2017; down from 82 sales in 2016. Average sales prices remained stable. Bank owned sales dropped by nearly 50%.

Farms: 21 sales in 2017 vs 13 sales in 2016. Average sale prices are lower and there were no bank owned sales.

Overall, transactions were up 14% in 2017 vs. 2016. Volume was up nearly 20% and bank owed sales were down slightly.

These figures are not to be construed as an opinion of value on any individual property. These are lake-wide averages and each home needs to be valued on its own. 

NOTE: Figures are taken from the Bagnell Dam Association of Realtors MLS

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Posted by Mike and Susie Berra on January 10th, 2018 10:47 AMLeave a Comment

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December 27th, 2017 1:11 PM

As you may already know, Berra Real Estate Group, LLC has been listing and selling real estate for many years. We added long term rental properties and vacation property management to our services in recent years. We are pleased to announce we will now be handling commercial rental property at the Lake. We recently became leasing agents for Lakeshore Plaza in Osage Beach. This is a small, but attractive strip center located right next to the Osage Beach Post Office and across the street from the entrance to Lake of the Ozarks State Park. We have office space available, storefronts and an outbuilding formerly used as a small restaurant. Our office rates are $7.00 per square foot annually and our retail spaces are a very competitive $6.00 per square foot. Office space is 1,520 square feet and retail spaces range from 1,920 square feet to over 3,000 square feet. Please check out our website at to view all of our properties. We are currently working on a dedicated site for commercial property.

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Posted by Mike and Susie Berra on December 27th, 2017 1:11 PMLeave a Comment

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September 9th, 2017 1:30 PM

E-909 Harbour Towne, Lake Ozark, MO - $1,500 per month

This 4-bedroom, 4-bath furnished waterfront town-home has a fantastic view of the main channel. Located near the 1.5 mile marker, this condo has crown moulding, recessed lighting, breakfast bar, laminate flooring, a fireplace, covered deck, screened porch and lots of upgrades. Available are a 40' boat slip, a 28' boat slip, a pwc slip and a one car garage. Complex amenities include 2 heated pools, tennis court, clubhouse, lakeside boardwalk, playground, walking trail, wave break, boat trailer parking, and more.

356 Hogan Drive, Four Seasons, MO, $1,500 per month

This 2-level golf course home backs to "the Cove" golf course near #5 and #6 holes. It is a custom built 4-bedroom, 3.5 bath, single family detached home, with over 3,000 square feet of finished living area. There is beautiful kitchen with stainless steel appliances, granite counter-tops and an abundance of cabinet space, along with 2 separate living areas, a fireplace, crown moulding, hardwood flooring, wet bar, main level master suite with jetted tub and huge closet. There is an open deck, a covered deck and a 2 car garage. Four Seasons amenities include 3 stocked interior fishing lakes, tennis courts, 4 pools, campground, 2 playgrounds, skate park, boat storage, community center and a fitness center. (small annual fee for fitness center.).

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Posted by Mike and Susie Berra on September 9th, 2017 1:30 PMLeave a Comment

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Here are the sales statistics for Lake area properties from January 1, 2017 through August 24, 2017.

Waterfront home sales transactions are at 598 closed vs. 439 at this time last year. Total sales volume is up nearly $60,000,000 compared to 2016. Bank owned home sales declined by 22%.

The number of off-water home sales has increased from 584 to 621, and the total sales volume is over $13,000,000 higher than last year.  Bank owned home sales are down slightly.

New condo sales have increased by 20% with the dollar volume up about the same amount. No bank owned new condo sales so far this year.

The number of resale condos has jumped from 436 to 523. and the total dollar volume is up nearly $14,000,000. Bank owned sales are stable compared to 2016.

The number of villa and town home sales has decreased by roughly 19% and total dollar volume is down by $3,000,000. Bank owned sales have decreased by 50%.

Lakefront lot sales have increased from 34 to 59 compared to the same dates in 2016. Sales volume is up approximately $2.5 million. Bank owned waterfront lot sales numbered 5 so far this year.

Non lakefront land sales have numbered 110 compared to 169 last year. Total volume is down over $2.5 million. Bank owned off-water land sales have tripled.

The number of commercial sales has declined from 45 to 34 compared to last year. Bank owned sales remained constant at 5.

Farms sales went from 10 in 2016 to 12 this year. Total volume was similar and there have been no bank owned sales.

Overall, there have been 2,016 closed sales in 2017 vs. 1,782 last year. Total sales volume is up roughly $79,000,000.

These figures are only an indicator of numbers of sales and dollar volume of those sales. This is not to be construed as an indicator of individual property values. That can only be ascertained on a case by case study. If you want to know the market value of your property, we will be happy to help.

*Note: All sales figures are taken from the Bagnell Dam Association of Realtors MLS.

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Posted by Mike and Susie Berra on August 25th, 2017 1:11 PMLeave a Comment

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May 18th, 2017 8:44 AM

Get rid of these...

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May 10th, 2017 2:10 PM
From Lake Expo...April 28, 2017Cabin Construction Begins On Horseshoe BendCabin Construction Begins On Horseshoe BendCabin Construction Begins On Horseshoe Bend

CAMDEN COUNTY, Mo. — A project on Horseshoe Bend finally has the go-ahead, after being held up for two years in court.

Rental cabins planned by developer Gary Prewitt are under construction following a Cole County judge’s ruling.  

Judge Jon E. Beetem dismissed a case brought against Yellowstone Lot LLC over the recent issuance of building permits by the Camden County Planning and Zoning Department. Beetem also dropped a previous case involving a land-disturbance permit that had held up the project for more than 18 months.

In 2015 the Camden County Planning and Zoning Commission approved commercial zoning on 30 acres of previously unzoned land on Bittersweet Road. The county commission affirmed that decision, clearing the way for development of rental cabins and other amenities on the property. A lawsuit brought by homeowners in the general area of the property derailed the project until now.

Property owner Eugene Enowski of Enowski Farms Inc. said the ruling affirms Camden County planning and zoning decisions. “We went through the process, spent time and money to do things right. The planning and zoning and county commissions gave their approval and then we were delayed for two years by frivolous litigation. I’m glad to get back to work on the project.”

Prewitt says the lawsuit that delayed the project will have no impact on plans going forward. “There are those on Horseshoe Bend who only like the rules when things go their way,” Prewitt said. “The zoning and planning process on this property were strictly in line with Camden County regulations. We went beyond what was required in creating a clean, wooded space to serve as a privacy buffer between the neighborhood and the new development. Still, there were those who believe it is their right to tell private property owners what to do on their own property and are willing to waste time and money on frivolous court action. Now, we will go forward to create a special Lake of the Ozarks experience for our visitors and generate revenue for Camden County.”

The first two of as many as 40 high-end rental cabins are currently under construction at the site that has been manicured into a park-like setting. Green space has been left around the perimeter of the property. 

The same parties involved in the cabin-property lawsuit are also involved in a suit against Camden County Planning and Zoning and Glacier Park Investments LLC for the proper zoning of the Lazy Gators property at the end of Horseshoe Bend.


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Posted by Mike and Susie Berra on May 10th, 2017 2:10 PMLeave a Comment

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From 4/24/2017...

The vacation rentals bill that Missouri lawmakers and the lodging industry are pushing through Jefferson City is a bait-and-switch.

House Bill 608 begins by stating cities and counties in Missouri would be prohibited from banning the short-term (less than 31 days) rental of homes—a nationwide economic phenomenon facilitated by websites such as AirBnB and VRBO. But then the bill lays out a regulatory framework for cities and counties to apply to those home rentals; many realtors and homeowners are saying this "cure" is worse than the disease.

The American Hotel & Lodging Association says new regulations on the peer-to-peer homesharing industry would level the playing field. Sadly, Missouri lawmakers appear to be taking the lodging industry's cues. The Missouri House of Representatives is loaded with Republicans: a party that has historically run on a platform of deregulation and less governmental involvement in people’s lives and business operations. But now Missourians are hearing those legislators talk about “reasonable regulations” and praise a “regulatory framework” that is supposedly good for business. 

With the opposition from Missouri REALTORS—which represents more than 20,000 realtors across the state—HB 608 has met with some stout resistance. And the outcry grows louder each day; even a member of the Drury family (of the Missouri-based Drury Hotels chain) has pushed back against the bill, according to a source in Jefferson City. The bill has angered hoteliers by preventing an outright ban on vacation home rentals, but has also angered realtors and homeowners by creating a regulatory framework they find onerous. It appears HB 608 is running out of friends.

The problem with having a supermajority is there's no one else to blame when your stupid ideas turn out to be horribly unpopular. 

At first blush, “reasonable regulations” sound… well, reasonable. But Missouri realtors and vacation homeowners know that’s just clever wordplay meant to obscure the fact that corporate lobbying interests are writing bills meant to stifle competition and innovation.

That’s because normal citizens know the truth that lawmakers try to ignore: “reasonable regulations” don’t hurt the businesses that are already established, since they’re the ones who get to define what’s “reasonable.” And what’s reasonable, to them, is anything that keeps them on top and throws obstacles at their competition or at any disruptive business models that might topple them in the future.

Every business loves to regulate their competition, and the “sharing economy” is disrupting the traditional hotel/motel business model. The lodging industry players will stop it if they can, and recently published documents show they have a plan.

At the Lake of the Ozarks, whose economy depends upon tourism, homeowners who rent to vacationers are watching in disbelief as their elected representatives support the bill, while using language and catchphrases that sound strangely similar to the corporations that penned the original version.

The Missouri Hotel and Lodging Association, Expedia, and even AirBnB have backed the bill, which (surprise, surprise!) opens the door to requirements that would place individual homeowners who rent on a short-term basis under stricter regulations than any hotel in the state.

This isn’t a level playing field: it’s a field slanted in favor of last year’s champion. Missouri homeowners are angry, and some are ready to send their lawmakers to the sidelines.

In 2016, Expedia worked to try and bring legal definition and regulation to the vacation rental sphere. But citizens pushed back, and as the bill grotesquely morphed in the final days of the legislative session, the people managed to kill it.

But in 2017, Expedia is back, with Missouri State Rep. Sonya Anderson leading the charge. Anderson’s district in the Springfield area includes an Expedia facility that employs several hundred people.

Expedia—according to a source familiar with the company’s operations—prefers to approach lawmakers, becoming influencers and advisors in crafting legislation that carves out legal definitions and model regulations. 

Nobody blames Expedia for wanting to make profits, but the company sees cozying up to government as the best way to do it. That’s called “crony capitalism.” Simultaneously at work is the American Hotel and Lodging Association, whose members provide Expedia with much of its revenue. Proponents of the bill insist (and insist… and insist…) that it would prohibit cities and counties from banning short-term home rentals. And indeed, it does appear the bill would do that. But HB 608 doesn’t stop there: it also spells out an eerily specific list of “reasonable regulations” that cities and counties could enact if they see fit.

Expedia says those “reasonable regulations” help everyone win, keep customers safe, and prevent the kinds of bad experiences that lead to community backlash and further regulation or banning of the activity. In an email sent out to customers, Expedia’s vacation home rental website HomeAway wrote, “HB608 seeks to balances [sic] your property rights with the responsibility to be a good neighbor and consider the interests of communities.”

No thanks. Being a good neighbor is important, but does anyone really think lawmakers are the ones to help us do it?

Last week, amid outcry from constituents, legislators were frantically adding amendments, trying to salvage HB 608. Those amendments have certainly cleared up a few things, but the bill still contains a host of suggested regulations. The regulatory framework just got shored up a bit.

Missouri homeowners don’t need Expedia, AirBnB, lawmakers, or anyone else telling them how to use their own private property. There are plenty of laws on the books that already deal with public nuisances, trespassing, theft, and pretty much any other concern a community might have about those rowdy vacationers renting the house up the street.

If Expedia cares so much about communities and the quality of short-term rentals, why don’t they regulate themselves and their property owners who list at HomeAway and VRBO? Of course every home should have smoke detectors in living areas. But we don’t need Expedia to tell lawmakers to force homeowners to install smoke detectors.

Passing regulations to help businesses succeed is like holding someone’s head underwater to help them breathe. Lawmakers should give the people of Missouri a hand, and drown HB 608 instead.

This is an editorial from editorial staff. April 24, 2017

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Posted by Mike and Susie Berra on April 25th, 2017 10:48 AMLeave a Comment

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April 12th, 2017 8:49 AM

If you are in the mood for a great hamburger and frozen custard, you have to stop by Pappy's Pit Stop. Recently opened on Highway 5 in Sunrise Beach in the old Sugar Shack location. Big menu, drive-thru, indoor and outdoor seating, and wonderful new owners. Have fun!

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March 24th, 2017 4:38 PM

With the most recent Arrowhead Centre Osage Beach TIF project barely off the ground, another is in the wings.

The board of aldermen last week approved a resolution advancing a TIF application for Osage Beach Commons on to the city's TIF Commission, which will review the application, hold a public hearing and then make a recommendation to the board.

The hearing will be held at 6 p.m. Thursday, May 11, at the City Hall. The hearing is open for public comment.

The long-rumored development of 13.7 acres on the east side of Osage Beach Parkway near Osage Premium Outlets through the Tax Increment Financing process is now in the TIF tunnel.

The $30.4 million project would be located where Golden Door Motel is currently operating, and where the now-vacant Jake's Steak and Fish is located. The area currently is zoned General Commercial District, which suits the proposed development.

The area includes approximately 10 acres of vacant or unimproved land that includes two abandoned, single family homes.

While no specific retail businesses have been announced, the TIF application calls for a modern shopping center comprised of four buildings of about 131,000 square feet, one out-lot and 672 parking spaces. The exact types of uses, building locations and sizes are yet to be determined, although rumors of a hobby store and one or more restaurants persist.

The redevelopment project is estimated to begin construction in the third quarter of 2017 and completed by the spring of 2019.

Lake News Online..3/23/2017

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Posted by Mike and Susie Berra on March 24th, 2017 4:38 PMLeave a Comment

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March 8th, 2017 12:51 PM
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*Redhead Lakeside Grill is looking to open a new waterfront restaurant at the edge of a cave on the Big Niangua. It would be on the north side of the Highway 5 Niangua Bridge in the old Forever Houseboat Rental Co. location.

*Big Thunder Marine is building a new showroom on Bagnell Dam Blvd. and it is said to be "the nicest showroom at the Lake". 

*New upscale apartments to be built on "O"Road by the owner of Coconuts Caribbean Beach Bar and Grill. 6 month leases will be available to help house the restaurants seasonal workers.

*The Resort at Port Arrowhead will reopen this spring after major renovations.

*Highways MM, TT and part of F on Shawnee Bend are scheduled for a 2 foot widening and new overlay.

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