7037 Lamotte Drive sold for $827,050 in August 2024. The same address sold again in November 2025 for $1,649,900, nearly double in about fifteen months. That's not a fluke and it's not a market swing. It's a luxury flip, a 1970s lake home taken down to the studs and rebuilt, and it's becoming the story of Lamotte Drive and several other original-cabin streets on this lake.
Why this is happening now
A meaningful share of the homes on Centerville Lake were built in the 1960s and 70s, back when a lake home meant a cabin, not a year-round luxury residence. Land like this doesn't come up often, and buyers who want true Centerville Lake frontage have increasingly decided it's smarter to buy an aging structure for the lot and rebuild than to wait years for a modern home to hit the market. I'm seeing this happen more now than at any point I can point to on this lake, and Lamotte Drive's numbers are the clearest example of it.
What this means if you own a 1970s-era home here
If your home is one of the original builds from this era, the land under it may be worth more to a buyer planning a full rebuild than your home's current condition alone would suggest. That changes how a listing like this should be priced and marketed, closer to a lot-value conversation with the existing structure as a bonus, not a straight comp against other finished, move-in-ready homes.
What this means if you're buying
A teardown strategy on Lamotte Drive or a similar original-cabin street can get you true Centerville Lake frontage for less upfront than buying an already-finished luxury home, with the tradeoff being the time, cost, and process of a full rebuild. Worth running the real numbers on both paths before you decide.
The lake behind it
Lamotte Drive sits along Centerville Lake, 445 acres with a maximum depth of about 19 feet. The lake is officially listed as impaired for excess phosphorus, with historical clarity readings under 1.1 meters for most of its monitored record. The Rice Creek Watershed District completed a $1,057,000 alum treatment project on June 30, 2026, targeting the sediment phosphorus behind that impairment, with results expected to hold for 15 to 20 years and clarity already climbing toward 1.3 to 1.5 meters since treatment began. The lake falls within the Centennial School District, and the Rice Creek Chain of Lakes Park Reserve sits on the opposite shoreline, giving residents trail and open space access without it bordering their own lot directly.
Quick Answers
Why did a Lamotte Drive home nearly double in value between 2024 and 2025? It was a luxury flip, an original 1970s lake home rebuilt to a modern standard. That kind of teardown-and-rebuild is happening more often now on Centerville Lake's older streets than at any point in recent years.
Is a 1970s lake home on Centerville Lake worth rebuilding? For the right lot, often yes. Land on this lake doesn't come up often, and buyers are increasingly valuing original-era homes for what can be built on the lot rather than the existing structure's condition.
What school district serves Lamotte Drive? Centennial School District.
If you own a 1970s-era home on Lamotte Drive or a similar street, or you're considering buying one to rebuild, I can walk you through what that math actually looks like for your specific lot.
I've personally been part of 6 closed transactions on Centerville Lake since 2020, including 3 of the top 4 highest-priced sales on the lake. The top sale on that list was listed at $1,890,000, a gorgeous home. Take a look: video walkthrough and video walkthrough.
