A local developer has bought an uncompleted housing development just south of Drayton Harbor and plans to begin home construction within six weeks.
Brady Mayson bought the unfinished development on Shintaffer Road between Drayton Harbor Road and Lincoln Road for $1.2 million, according to county records. Mayson plans to call the new development Herons Wood, based on its proximity to a nearby heron rookery.
Mayson, originally from Canada, has been in the land development business for 21 years. His first major project in the area was the Hawthorne Meadows development in Custer, west of the Grandview Golf Course.
Mayson said he plans to build 2,150-to-3,500-square-foot homes on the 13 lots within Herons Wood, which will be a gated community. Brian Southwick, the Windermere listing agent for the property, expects the homes to start at $419,000.
Each lot will have 1 or more acres of land, with about 30 acres of natural buffer area and trails throughout the development.
“The natural aesthetic of the place is what sold me,” Mayson said.
The development already has underground utilities installed and a central road running through the community. Based on today’s economy, Mayson said a developer would have to take in about $50,000 per acre to recoup the costs of installing the utilities already part of the Herons Wood community.
Mayson said he plans to focus on selling homes rather than bare lots. He said he feels the housing market is slowly recovering, but said selling bare acreage would still be difficult.
“I have no confidence selling lots,” Mayson said.
Both Southwick and Mayson agree the homes, once built, will garner a significant amount of interest. Because of the 1 or more acres per lot, Southwick said the Herons Wood homes will attract a completely different type of buyer than the Semiahmoo developments or the recently purchased Marin condominiums.
“We’re very excited about the project,” Southwick said.