I agree with the assumption that there is only a miniscule chance that any golf course will disappear in our lifetimes.
However I can vouch for one danger. We paid an additional $60,000 lot premium for "water view". (I live on blue tee box, #2 hole, Erin Glenn nine, Nancy Lopez course.) There is a large pond visible from almost anywhere in the home. For five years it was beautiful and worth every cent. Then it developed a sink hole. Instead of pouring cement into the "throat" and actually fix it, during every dry season, the developer put three loads of sand into the same hole, every year for ten years. Then the developer said the heck with it and left an ugly hole full of weeds and mud.
If you check your deed, the developer has included the fact that any lot premium, charged for your specific view, IS NOT GUARANTEED to remain.
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