212 Pine Ridge Drive, Godfrey, IL 62035 For Sale

Creek at Lakewood Estates is a boutique, gated townhome development consisting of four newly constructed luxury units, with the builder maintaining long-term ownership of a fifth unit within the community.

This builder-led structure ensures superior construction quality, long-term alignment, and increased buyer confidence. The project is designed to meet strong demand for modern, low-maintenance housing in the Godfrey/Alton submarket.

• Builder-Retained Ownership (Rare Alignment Play)
• GC retains 1 unit, ensuring vested interest in quality and long-term value
• Gated Community Premium
• Limited supply of gated residential product in this submarket
• Strong Price Positioning ($450K–$475K Target)
• Positioned at top of local comps with new construction premium
• Flexible Exit Strategy
  • Sell individually (primary strategy)
  • Hold as rental portfolio (backup strategy)

• Low Density / High Appeal
• Only 4 units offered — boutique exclusivity
• Pre-Sale Opportunity
• Buyers can secure units before completion

PROPERTY OVERVIEW

Project Name: Creek at Lakewood Estates

Total Units: 5 (4 for sale + 1 retained by builder)

Unit Type: Townhome / Condo Style

Estimated Size: ~2,750 SF per unit

Configuration:

• 3 Bedrooms + Loft + Office Option
• 2.5–3 Bathrooms
• Open Living Room + Kitchen
• Basement (Finished/Unfinished options)
• Balcony (Master Level)
• 2-Car Garage
• Optional Heated Driveway

Community Features:

• Gated entrance
• Shared private drive
• Modern exterior elevations
• HOA structure (if implemented)
• Optional - Pool

Projected Sales (Per Unit)

• Low: $450,000
• High: $475,000

Total Sellout (4 Units)

• Low Case: $1,800,000
• High Case: $1,900,000

Estimated Construction Costs (Per Unit)

• Target Build Cost: $200,000 – $260,000

Total Construction Cost (4 Units)

• Low: $800,000
• High: $1,040,000