Adults-only gated community coming to Oakdale
12/03/2013 6:54 PM
12/03/2013 6:55 PM
The early stages of groundwork have begun near Oakdale’s eastern edge on a gated community for adults only.
The 86 single-family homes will be across from the Oakdale Golf and Country Club on North Stearns Road next to Highway 120-108.
Developer Richard DePonte said he expects to start construction in early spring on the 13-acre project. Eventually, he plans to build on 75 acres there, creating a mix of home types and commercial buildings.
“I’ve been working on this project since 2002,” said DePonte, 48, who grew up in Modesto and now lives in Ripon. He said it took about five years to get the property rezoned and annexed into Oakdale, and then the recession hit.
His Navigator Development company will build the homes, and DePonte said he is financing the project.
The subdivision will be named Villettas at Tesoro, which DePonte said means something similar to “treasured little villas” in Italian.
The 1,600- to 2,300-square-foot houses on full-size lots are expected to be priced in the low to mid-$300,000s. They will all be single-floor, three-bedroom, two-bath homes with designated parking for golf carts.
DePonte said the private neighborhood will include a small clubhouse, pool and perhaps a bocce ball court.
Only residents 55 and older will be allowed to live there.
That’s similar to the Belsera community just up the road on Stearns. That gated community for older adults opened more than a decade ago.
DePonte said he will start accepting names of interested buyers after the first of the year.