LAKE OF THE OZARKS, Mo. — A new, luxury 12-story condo complex at the Lake of the Ozarks is nearing completion, and developers say there will be nothing like it at the Lake.

The development is being completed by St. Louis-based real estate development company Cypress at the Lake, Inc. and is located at the 12 Mile Marker on the Lake of the Ozarks. The Cypress at the Lake will offer five-star, resort-style amenities including an on-site concierge, private pool and lakeside cabanas, and an indoor/outdoor wine bar along with other entertaining areas throughout.

"Not only is this building the exclusive high-rise complex in the area, but its steel and concrete construction, exemplary amenities and prime location on a main channel peninsula make it a perfect investment for a second home. The expansive floorplans rival those of a lakefront home, but without the maintenance and upkeep that comes with it. If you only have 72 hours at the lake, we want to make sure you enjoy every one of them when you are here," says Dan Stegmann, a partner with Cypress at the Lake, Inc.

The Cypress is the completion of a project that began in 2005 under the name “Majestic Pointe.” Developers obtained more than $20 million in financing but the project ground to a halt and the loans were defaulted in 2007.

The Cypress is the only building in the area that boasts lakefront views from over 12 stories high with structured underground parking for residents. The amenities are similar to what one might find at a first-class resort: lake access via two high-speed elevators, a resident lobby and lounge equipped with an espresso bar, a state-of-the-art fitness center overlooking the water, an infinity pool located at the tip of the peninsula with unobstructed lake views, manicured lawn areas with fire pits and seating, a covered outdoor entertaining area with flat screen TVs and a wine bar, along with a pet-friendly atmosphere and dedicated dog run.

There are an ample number of boat slips available ranging in size from personal watercrafts to 50+ feet in length. Breakwaters create a protected marina from the main channel of the Lake of the Ozarks.

The limited collection of 61 residences range in size from nearly 1,800 sq. feet, three bedroom, three bathroom models, to extraordinary penthouse units reminiscent of those found in large metropolitan areas. Each residence enjoys floor-to-ceiling lakefront glass, which bathes the interior in natural light. In addition, the oversized, screened lakefront terraces help to create a naturally elegant resort-style living experience high above anything else found at the lake.

Pricing will range from the high $200,000s to over $2,000,000, and residences will be available for tour and purchase by appointment only starting in the Spring of 2018.

Complex History

Originally touted as a “luxury condominium development,” the original plan for Majestic Pointe consisted of seven buildings with 220 units, ranging from 1,600 to 3,000 square feet. Building 5, which contained 24 units, was completed sometime around 2005, as was a pool, garages and boat docks. Those units were sold, but only two units were completed inside. The second building, which is 10 stories high, included a penthouse condominium, which sold for $1.6 million, and a bottom floor unit, which was to be used as a sales office.

But the project hit hard times. Work ground to a halt. Contractors were left in the lurch, and the bank foreclosed on the property. It sat vacant for years, as boaters passing by the prime piece of real estate wondered whether it would ever be finished. Now rebranded, the condos are nearly ready to be revealed to the public. Cypress at the Lake has been working quietly on the project for awhile now, and they plan to have the luxury condos ready for tours by the spring of 2018.

For more information, please visit www.CypressAtTheLake.com.

About Cypress at the Lake, Inc.:

Cypress at the Lake, Inc. is a resort community development company based in St. Louis, MO. The principals of Cypress at the Lake, Inc. have worked in real estate acquisition, development, and construction for 40+ years, and have completed numerous commercial and resort developments spanning from the Midwest to Southwest Florida.