Legacy Eagle: Building New Or Buying Resale?

You love the idea of waterfront living in Legacy, but you also want a smart move. Should you build in the latest phase or buy a well‑kept resale and move right in? The answer depends on your timeline, budget, and lot priorities. In this guide, you will compare real costs, timelines, and how lot releases in Terra View affect your options so you can choose with confidence. Let’s dive in.

Legacy in focus

Legacy is a long‑running, master‑planned community in Eagle with ponds and lakes, paved trails, pools and clubhouse, tennis courts, and a 3‑hole practice course. You will find a mix of waterfront and non‑waterfront homes across several phases. For a quick sense of amenities and community layout, review the official overview on the Legacy developer site.

A key update for buyers today is Terra View. The developer indicates large waterfront lots in the earliest phases have sold and is promoting Terra View as a current opportunity, with waterfront lots, its own clubhouse and pool, and an 11‑acre park and splash pad. If waterfront is a must, check Legacy’s lot availability and release updates before you decide to build or buy resale.

Eagle market reality

Across Eagle, published medians vary by source and timeframe. Recent press coverage noted that in some months, new construction sold at higher price points than many resales, which helped push Eagle’s overall median above the one‑million mark. The practical takeaway is simple: medians can shift based on whether new construction is a large share of sales and on the period being measured. See the local context in this recent market write‑up.

In Legacy, that split between new and resale often shows up as higher lot premiums and upgrade budgets on the new‑build side, while resale may offer value per square foot if finishes and floor plan meet your needs.

Build new in Legacy

Lot releases and premiums

Lot inventory in Legacy is managed by phase. When a phase opens, the best locations can move quickly, especially true waterfront. Public snapshots have shown late‑phase single lots priced in the mid six figures. For example, Legacy listings from Sherburne‑Marrs highlighted lots about 0.25 to 0.27 acres in the roughly 345,000 to 575,000 range at that time, with waterfront or view commanding more. You can review an example of Legacy lot snapshots here: Sherburne‑Marrs Legacy page. Always confirm current pricing and availability with the developer or builder.

If your non‑negotiables include waterfront, specific orientation, or an oversized site, Terra View’s phase timing may drive your entire decision. That is why verifying the release calendar early can save you time and stress.

Price framework

Published starting prices for luxury and move‑up plans in Legacy commonly appear in the roughly 800,000 to 1.2 million plus range, depending on builder, plan, and lot. Your total budget should also include a lot premium, design center upgrades, landscaping, and potential site work. In many luxury segments around Eagle, new construction often sells at a higher price per square foot than resale. That lift helps explain why months with a strong share of new builds can pull headline medians higher.

Timelines to plan for

Your schedule is the critical lever. Typical ranges are:

• Spec or near move‑in new homes: often about 6 to 9 months from permit to completion, sometimes less if the home is already well underway. Learn how spec timelines work in this step‑by‑step guide.
• Semi‑custom: plan on 8 to 12 months including design and permitting. A deeper look at custom build timelines is outlined in this builder article.
• Full custom: roughly 12 to 20 months from plan to move‑in, depending on engineering, selections, and change orders.

If you have a firm move date or are relocating on a tight schedule, inventory or resale is usually more reliable than a ground‑up build.

Financing your build

Construction financing works differently than a standard mortgage. Many buyers use a construction‑to‑permanent loan that converts to a regular mortgage at completion. Others use a construction‑only loan and refinance when the home is finished. Review the mechanics of draws, inspections, and rate risk in this construction loan overview.

Government‑backed options like FHA one‑time‑close and VA construction loans exist, though lender availability and underwriting can be more limited. If you are exploring these routes, start early and confirm today’s guidelines with local lenders. Read more about FHA’s program here: FHA construction‑to‑permanent basics.

Builders also cycle incentives through the year. You may see rate buydowns, closing cost help, or design credits, especially on quick move‑in homes or to wrap up a phase. For national context on incentives, review this roundup of buyer deals. Always compare a preferred lender offer against independent quotes, and weigh total cost of funds over the life of the loan.

Inspections and warranties

New homes deserve inspections too. Plan on at least a pre‑drywall and a final inspection to catch issues before walls close and before you take keys. Most builders offer warranty protection that commonly follows a 1‑2‑10 format, which may include one year on workmanship and materials, two years on systems, and ten years on major structural coverage. Confirm exact terms and whether coverage is backed by a third‑party insurer.

Buying resale in Legacy

Why it can make sense

Resale can deliver certainty and speed. You can often close on a standard mortgage and move in quickly, which is a major benefit if you are timing a relocation or coordinating the sale of your current home. Mature landscaping and established streetscapes are appealing, and you may find a larger home at a better price per square foot than a similarly sized new build.

Negotiation is another factor. In a period with more inventory or longer days on market, some sellers may offer concessions for repairs or closing costs. That flexibility can close the gap between resale and new construction pricing.

Tradeoffs to budget for

Resale means inherited wear and tear. System replacements, cosmetic updates, and renovation to match your taste can offset the purchase savings. If you want a specific lot feature, such as true waterfront, access depends on what is listed at the moment. When the developer has already sold prime lots, you may need patience to catch the right resale.

Pros and cons summary

Building new

Advantages

• Personalization from plan to finishes, with more flexibility if you go semi‑custom or full custom.
• New systems and energy performance that reduce near‑term maintenance and can lower utility costs.
• Warranty coverage that helps protect you if something is not right after move‑in.

Watchouts

• Longer, less certain timelines. Calendar risk increases if you have a fixed move date.
• Higher up‑front costs for lot premiums, upgrades, landscaping, and interest during construction.
• Resale uncertainty tied to very specific design choices or varying builder quality.

Buying resale

Advantages

• Faster move‑in with standard financing and established landscaping.
• Potentially better price per square foot if finishes already match your wish list.
• More room to negotiate price and concessions when conditions allow.

Watchouts

• Renovation and system replacement costs can add up and should be planned early.
• Fewer options to pick an exact lot, orientation, or view unless the right home is on the market.

Decision checklist

Work through these questions to clarify your best path in Legacy:

• Timeline strictness. Do you have a firm move date, or can you float several months for construction?
• Lot priorities. Is waterfront or a specific orientation non‑negotiable? Check Legacy’s phase and lot updates first.
• True total cost. For new, model base price, lot premium, design upgrades, site work, landscaping, and carry costs. For resale, add renovations, systems, and any desired layout changes.
• Financing readiness. Are you well positioned for a construction‑to‑permanent loan, or is a straightforward mortgage the better fit?
• Representation plan. Builder sales teams represent the builder. Register your buyer’s agent on your first visit so they can negotiate incentives, review contracts, and manage inspections.

Budgeting the right way

When you compare apples to apples, use a line‑item approach:

• New construction

  • Base house price plus lot premium
  • Design center upgrades and any structural options
  • Site work and utility fees, if not already included
  • Landscaping and fencing per HOA guidelines
  • Construction interest and carry costs until you close

• Resale

  • Purchase price and standard closing costs
  • Inspection findings and a realistic repair budget
  • System ages to monitor: roof, HVAC, water heater, windows
  • Cosmetic updates to meet your standards
  • Landscape refresh if needed

HOA dues vary by sub‑neighborhood in Legacy. Past examples have shown figures near the mid‑four digits annually, with some enclaves higher. Always review current CC&Rs, design standards, and budgets early so your plan and finishes align with neighborhood guidelines.

Your next steps in Legacy

1. Start with the source. Review Legacy’s lot map and release timing so you know what is truly available today.

2. Bring your agent from the first tour. Builder registration often happens at your initial visit, and your agent represents your interests on pricing, incentives, and contract language.

3. Get the right pre‑approval. Match your financing to your path, and compare any preferred‑lender incentives to independent quotes. Use this construction loan primer if you are weighing one‑time close vs two‑close.

4. Ask for transparent estimates. Request a written breakdown of base price, lot premium, upgrades, site costs, change‑order fees, and a milestone timeline.

5. Confirm warranties and HOA terms. Know the warranty structure and whether structural coverage is insurance‑backed. Get CC&Rs and architectural guidelines early.

6. Plan inspections. Schedule pre‑drywall and final inspections even on a brand‑new home.

If you are weighing build versus resale in Legacy and want a clear path tailored to your goals, connect with Georgie Pitron for a personal consultation and a step‑by‑step plan.

FAQs

How long does building a home in Legacy take?

• Plan on about 6 to 9 months for a spec or inventory home already in progress, 8 to 12 months for a semi‑custom build, and 12 to 20 months for a full custom home, depending on design, permitting, and change orders.

Are builders in Eagle offering incentives right now?

• Many builders offer incentives like rate buydowns, closing cost help, or design credits, especially on quick move‑in homes or near phase closeouts. Always ask for current incentives and compare them to independent lender offers. For national context, see this overview of buyer deals.

What makes Terra View notable within Legacy?

• Terra View is a newer phase highlighted by the developer for waterfront lot opportunities and community amenities, including a clubhouse, pool, plus an 11‑acre park and splash pad. Check current lot availability for exact options.

How do HOA dues work in Legacy?

• Dues vary by sub‑neighborhood and amenity set. Past examples have shown annual figures in the mid‑four digits, with some enclaves higher. Always verify current budgets, design standards, and any transfer fees before you commit.

Do I need a buyer’s agent when building in Legacy?

• Yes. The on‑site sales team represents the builder. A buyer’s agent looks out for you, helps register you with the builder, negotiates incentives and upgrades, coordinates inspections, and reviews contract details so your interests are protected.