Home sales have opened for a new subdivision on a quiet road near Lake Lonely in Saratoga Springs that’s looking to blend sustainable design with the natural landscape.
Prices for the homes, custom designed by Phinney Design Group, start at $1 million and could go up to $6 million. Scott Varley of Keller Williams Capital District is the real estate agent handling the sales. The 14-lot development, called Riley Farm, comes from Kenneth Scott, a biotech investor. Scott bought the 80-acre former farm in the 1980s when he first moved his family to Saratoga Springs. They have lived here part time for the last three decades.
A few years back he tried to sell the 35-acre property off Kaydeross Avenue East. An agent suggested Scott develop the land into a subdivision instead. It took Scott six years to get the approvals in place, and a few years to find the right builder to fulfill his vision for the neighborhood.
“What I’d like to see here is artwork,” Scott said of his vision for the development. “Let this be a piece of art when it’s finished. And I think that with this team, we’re going to achieve that. The demand so far seems huge.”
