Why It Worked:
It's the only gated, fully amenitized, terrace and townhome community located directly on the banks of the Hudson River—and just a 47-minute express train ride from Manhattan.
One-, two-, and three-bedroom, Nantucket-style units feature high ceilings, oversized windows, private balconies, and one- or two-car garages.
Jitney service to Croton-Harmon train station; express train to Grand Central Station takes less than an hour.
Amenities include two outdoor pools with whirlpool spas, tennis courts, two clubhouses, and access to an adjacent 160-slip marina.
Most of the townhomes and first-floor terrace homes have basements for additional storage space; many offer views of the Hudson River.
The basement, at garden level of townhomes, includes a club room, bedroom, full bath, walk-in closet, and storage space.
Project: Discovery Cove at Half Moon Bay, Croton-on-Hudson, N.Y.; Sales started: January 2002; Sales through December 2003: 144; Units planned: 158;
Price: $362,042 to $1,714,542;
Unit size: 900 to 2,500 square feet;
Builder/Developer: Spectrum Communities, Valhalla, N.Y.;
Architect: Minno & Wasko, Lambertville, N.J.;
Landscape architect: Hawk Design, Charlestown, Mass.;
Interior designer: Lita Dirks and Co., Englewood. Colo.
Learn more about markets featured in this article: Manhattan, KS.