Lake Havasu City-AZ is considered by many of the most desirable communities to own either suburban real estate or a complete home. Originally built as a military stop, this area was identified in 1958 by Robert P. McCulloch as a potential paradise for retirees and vacationers who were looking for water activities but did not want to travel the distance to the coast. The acquisition of several thousand acres and the subsequent development of this area with the involvement of business districts, entertainment zones and residential pockets turned Lake Havasu into an area of interest for families of retirement age. McCulloch largely noted this demographically and historically sold all the land he controlled.
The idea of bringing tourists to an isolated area in Arizona needed some form of attraction, and McCulloch knew what to do. He bought a real London bridge and transported it in parts for reconstruction in the city, closing a narrow canal that separated the small island from the mainland. This project served to create an easy transportation route to the other side of the river, which usually requires a trip of more than 30 miles, as well as attracting tourists like no other in the state. Lake Havasu immediately set off from the residential boat community to a thriving tourist destination, drawing thousands of visitors every year. The tourism business has flourished and continues to do so, as the real resident community continues to grow as well as the number of tourists.
Property in Lake Havasu is quite desirable due to the fact that those who are looking for annual leave may own the property and rent it for non-working people who come to the city at different times of the year or for the “spring break” that has become incredibly popular. This area is now recognized as the most popular spring break destination in Arizona, attracting hundreds of thousands of students each year to enjoy the river. This is quite beneficial for property owners, who during this period can rent their houses many times the typical monthly rent, simply because of the lack of housing and huge demand. Others in the area are looking for home ownership because the labor market is stable even during a recession. Over the past ten years, Lake Havasu has done a good job with real estate values and job creation due to the fact that the community is constantly growing and needs new positions of service.
Lake Havasu City remains one of the main destinations in the southwestern United States for water sports and boating, as well as the sensation of a small city.
