Flatwater Lake

288th & West Valley Streets, Valley, NE 68064

Flatwater Street of Dreams Image

Street of Dreams September 2021

A Big Thanks to MOBA for all their hard work in arranging this premier homebuilding event. A special thanks to Jaylene Eilenstine and her staff for coordinating such a successful event at Flatwater Lake. 

The participating builders were:

28432 Laurel Cr - Charles Thomas Homes - charlesthomashomes.com

28426 Laurel Cr - Distinct Homes - buildDistinct.com - People's Choice Award

28410 Laurel Cr - Archistructure - archistructure.com - Best Primary Suite, Kitchen, Interior Design, Landscaping, Floor Plan, and Tie for Best Curb Appeal.

28401 Laurel Cr - G Lee Homes - omahasbuilder.com

28409 Laurel Cr - Sierra Homes - sierrahomesomaha.com

28413 Laurel Cr - G Lee Homes - omahasbuilder.com

28417 Laurel Cr - Art of a Craftsman - artofacraftsman.com - Runner-up for Primary Suite, Kitchen, Interior Design, Landscaping, Floor Plan, and Tie for Best Curb Appeal.

The builders presented some of the latest designs and new home products for the Street of Dreams event. 

Homeowners are moving into their custom homes and we hope they have a wonderful Holiday Season in their new home.

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.

VIDEO: Valley Works to Balance...

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 87 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 awaiting OPPD installation of electric and will be ready to build in August 2021. The City of Valley is allowing permitting in this area now. The Piping Plover nests prohibit disturbance in this area until the birds have flown from their nests.

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

HDS Neighborhoods

Flatwater Lake Estates coming 2022 or early 2023

Flatwater Lake Estates, LLC has completed its purchase of the former Lyman-Richey gravel mine—197 acres across the street from Flatwater Lake.

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.  Once connected, the lake will total of 227 acres of water for your boating pleasure.

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 Flatwater Lake Estates. Many common area beaches and park area.

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


    HOA Owner Information Form for Motorized Watercraft and ATV/UTVs
    HOA Rules & Regulations
    • Max Speed for Jet Skis and Boats is 35 MPH
    • Jet Skis allowed – Must be 2010 or newer – Certain hours of use
    • Max of 24’ Boats and 250 HP Outboard Engines - 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 must be completed within twelve (12) months




    Information for Lot and Homeowners

    2022 Piping Plover Report

    If there is an Ornamental Light that is out on your street, please contact OPPD for replacement - https://ww3.oppd.com/report-outage/

    Elevation Certificates and “As-Built” Surveys:
    When you purchase your lot, Flatwater Lake provides a copy of your lot survey for you to submit your plans to the City for construction of your home.  The lots were graded to a level that puts them out of the floodplain.  As the homeowner, you have to also submit an Elevation Certificate to show that your new home will be built to the proper elevation so that your building envelope stays out of the floodplain.  Once you build your home, your bank may also require you to provide an “As-Built” Survey showing your home envelope with elevation depicting it out of the floodplain.  Your builder may be able to order those for you since whomever did your site plan would have laid your home out based on the initial survey given to you for construction permitting.  It may cut some of the cost of an “As-Built” Survey.  Both the Elevation Certificate and “As-Built” Survey would be the homeowner’s cost.  

    Quantum Fiber Introduction

    Quantum Fiber Order Process

    To sign up for fiber optic service through Lumen (CenturyLink), call 515/461-5010 or e-mail Bryce Ferguson at Bryce.Ferguson@Lumen.com and he will assist you with connecting up your service.

    S2 Rolloff’s and Refuse has been selected for trash pickup for $25 per month – please call them at 402/727-6806 to begin service as soon as your home is completed.

    Kori Krause

    Kori Krause

    NP Dodge REALTOR

    Call: 402.679.0007