Landeavor Building Momentum At Bogue Watch Marina Community

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Dec 05, 2014, 09:32 ET

NEWPORT, N.C., Dec. 5, 2014 /PRNewswire/ -- Landeavor LLC is building momentum at Bogue Watch, the 196-acre gated marina community near Morehead City on North Carolina's Crystal Coast.

The Tampa-based real estate development and investment company has announced two major developments at the community this month, including the coming of one of the nation's top 100 home builders and the start of construction of a private marina on the IntraCoastal Waterway.

Caviness and Cates has begun construction of three model homes in Bogue Watch, with completion expected by spring 2015. The company plans to deliver up to 25 new homes in the community, including 12 in 2015, according to sales and marketing director Joy Cooper.

The homes are designed for the booming retiree market, featuring downstairs master suites with oversized walk-in showers and closets, two upstairs bedrooms plus bonus room, gourmet kitchens, hardwood floors and open and spacious floorplans. The homes range in size from 1,980 to 2,800 square feet, with prices starting at under $300,000.

"Landeavor is the main reason we're coming to Bogue Watch," Cooper said. "It's an established coastal community with outstanding amenities in a great waterfront location, backed by a developer with the vision and capital strength to make it successful."

"We're excited to have a builder of this stature choose Bogue Watch," said Dave Mason, vice president of development at Landeavor. "Builder magazine has ranked Caviness and Cates in the Top 100 for the last six years, and it's a tremendous validation to have them at our community."

Construction is also underway on the community's 29-slip private marina, with five day slips and the remainder for lease and ultimate purchase by community residents, Mason announced. Also underway is a boat storage facility, a kayak launch and a custom-designed children's playground with a nautical theme, Mason said.

"The marina is the first of our waterfront amenities and provides our residents the opportunity to enjoy of the benefits of the Bogue Sound and the Intracoastal Waterway," Mason said. "It's a significant milestone for Bogue Watch."

Landeavor also plans to launch a major marketing campaign for the community next year, aimed primarily at Northeastern and Midwest retirees and pre-retirees, Mason said. "We believe there's tremendous potential to attract the retiree and pre-retiree buyer to the Crystal Coast," he said.

Bogue Watch features 194 homesites, priced from $70,000 to over $200,000 for waterfront sites. Home prices begin at $280,000, with prime waterfront homes up to $750,000, Mason said.

About Landeavor LLC: Based in Tampa, Landeavor LLC is a full-service real estate development and investment company specializing in master-planned communities. Founded in 2007, it combines extensive real estate development, investment and management experience with strong capital backing. Since its founding, it has acquired more than $130 million in land in five states and eight distinct markets.