Flatwater Lake

288th & West Valley Street, Valley, NE 68064

Flatwater Street of Dreams Image

Street of Dreams coming 2021  

MOBA has been producing the Street of Dreams for 35 years. Flatwater Lake is hosting the 2021 Street of Dreams earmarked for August 28 through September 12, 2021.

  • August 28, 2021 – Industry Night
  • August 29 – September 12, 2021—General Admission

Street of Dreams attracts over 20,000 people to see the latest designs and new home products.

Build Your Dream Home on Flatwater Lake

Hidden away from the stresses of life is Flatwater Lake which encapsulates the LIVE WORK PLAY lifestyle that today’s professionals and families are looking for.

Neighborhood schools, shopping, restaurants, and a sports complex are a short distance to the planned residences which gives Flatwater Lake a small town feel while still offering convenient accessibility to the Omaha Metro Area:

  • 12.8 Miles (14 Min) to Village Pointe
  • 23.8 Miles (31 Min) to Midtown Crossing
  • 25.5 Miles (27 Min) to Horsemen’s Park Horse Track
  • 29.2 Miles (37 Min) to Eppley Airfield
  • 31.3 Miles (32 Min) to TD Ameritrade Park and Old Market
  • 52.9 Miles (55 Min) to Husker Stadium

Flatwater Lake features 131 waterfront lots with a beach and boat ramp area. These lakefront lots that welcome boaters are situated on 80 acres of spring-fed water.

  • Phase 1 – East Bay is complete and ready to build.
  • Phase 2 – The 1st island is complete and ready to build.
  • Phase 3 – The 2nd island’s infrastructure is in the process of being installed and will be ready to build in April 2021.

HDS is the project’s master developer. Please call or email for parcel availability and pricing.

Flatwater Lake Estates coming 2022 or early 2023

Hampton Development Services has contracted the former Lyman-Richey gravel mine—197 acres. The lake includes 110 acres of water.

There will be two off lake areas of homes and villas with close beach access. Two lakes for the price of one lot.

The Flatwater Lake Estates and Flatwater Lake lakes will be connected with a bridge over West Valley Street for boat traffic both ways.

Concession and Beaches: There will be an event and food venue area with a large beach and docks for community fun in the expansion into the Lyman-Richey Lake. Many common area beaches and park area.

HOA Rules &
Review Form
Restrictive Covenants
  • 1600 SF Minimum – Ranch-style home
  • 1800 SF Minimum – 1.5 or 2 story home
  • 10% Brick or Stone front on the roadside
  • Lighted Address Numbers on home
  • House Setbacks – 20′ Front, 25′ Rear, and 5′ from each side
  • HOA Dues Paid at Closing – $600 per year – Common Areas: Cul-de-Sacs, Landscaping, and Lake Management
  • Elected HOA Board to manage HOA after development is complete
  • Plan Review Fee – $1,500 / Refundable Cleanup Deposit – $1,500
  • $1,200 facility fee paid to Flat Water Lake at closing
  • Specific type of tree per Street Tree Plan – Buyer to pay for tree at closing
  • Buyer to install sidewalk on their lot


HOA Rules & Regulations
  • Jet Skis allowed – Must be 2010 or newer – Certain hours of use
  • Max of 22.5’ Boats - To be approved by HOA
  • Towables for Kids – 15 MPH (For kids 12 & under)
  • Only one boat on the water per lot during peak times
  • Construction of all residences must be started within eighteen (18) months of the date that the Lot was originally purchased from the Declarant
  • Once construction starts on a Lot, the construction process should be completed within eighteen (18) months



Architectural Review Form

Download Form

Kori Krause

Kori Krause


Call: 402.679.0007