Back in the heady days of housing in 2005, Oakwood Shores was rolled out as the premier South County gated community with the region’s largest self-contain lake.Lake front homes with then unique stone floors and second floor master bedroom suites overlooking the water were selling for $895,000.Then the foreclosure crisis pulled the rug out from under new housing developments. Oakwood Shores - which had to go back and redo its lake design to meet stringent state water quality control standards - was trying to take off at the same time housing prices were starting to come down.What followed was the biggest residential property foreclosure in San Joaquin County. Making matters worse over a dozen lenders had a piece of the action making the efforts to get the project on track again complicated and time consuming.The project is ready to go forward again.
Rethinking Oakwood Shores
High-end neighborhood may annex to Manteca