An iconic Lake of the Ozarks hotspot will be redeveloped into high-end waterfront condos: Topsider Condominiums are now available for reservation. What was once the most popular destination at Lake of the Ozarks for drinks and dancing will now be the hottest condo complex.
The condos will exude luxury, with a contemporary-modern theme and a look-and-feel like no other development at the Lake. Developers are planning a resort-like feel, with unique design, a zero-entry pool, and a resort-themed pool at the clubhouse, where 1980s Topsider glitz and glam will give tribute to the site's unique history. Units will start at 3-bedroom, 3-bathroom, 1,550 square feet, with an array of high-end options and upgrades available. Units will start in the low-300s, and multiple buildings are planned, all Tier-1.
The vision is cast by the investor trio of Stuart Dabbs, Chris Ahring, and Richard Friend. Dabbs is a seasoned developer at the Lake, with Fountain View Landing and Lands End condos in his portfolio. Lands End, Dabbs points out, was “the most successful condo development in Osage Beach in the last 20 years.”
Dabbs says the nostalgia and history of Topsider, the nightclub that drew Lake of the Ozarks revelers for 50 years, make this project particularly special. “It’s definitely a place I spent a lot of money over the past 30 years!” he laughed, adding he was a VIP cardholder at the nightclub in its heyday. The memories are “near and dear to me, as they are many others that visited the Lake,” he said.
The appeal of Topsider Condominiums is obvious. The site is located in the heart of Osage Beach, surrounded by the majority of the Lake area’s amenities by land and water. The condos will be nestled in a cove next to the Grand Glaize Bridge, near where the Glaize Arm joins the Lake of the Ozarks main channel. It’s a popular area for boaters, but it’s also designated No-Wake on summer weekends, which keeps waters calm and docks protected.
Dabbs also points out because of the location and amenities these units will also be ideal for income-producing short-term rentals. “A lot of developments down here struggle with that,” he said. “It’s going to be written in the bylaws that it’s short-term rental friendly.” That’s appealing to buyers who see not only a luxurious place to vacation, but also the chance to bring income from the property to help offset the cost.
The timing of the development couldn’t be better. The Lake’s condo market is facing low inventory and high demand: at any given time, fewer than 100 condo units were on the market in 2020, and the average condo price crested $200k for the first time ever at the Lake this year.
For construction to begin, developers have to get half of the first building reserved: 20 units at $5,000 per reservation. Site work has already begun, but once those 20 condos are reserved, they’ll start digging footings.