Talk of The Villages Florida - View Single Post - It feels like two completely different housing markets in the villages.
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Old 01-29-2025, 01:13 PM
BigDawgInLakeDenham BigDawgInLakeDenham is offline
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Default The so called lotteries

We live at the southern end of the existing villages and heard about possible lotteries from our villages agent while shopping here in the summer of 2023. The lots we were viewing were in "The Enclave" and the 2 best were about $300k just for the dirt lot. We realized we were too poor and moved on. There are multi million dollar homes sandwiched together there now. Since then we heard new residents talking more about lotteries and apparently now on the west side of Turnpike, lotteries are a common thing....while OP points out there are thousands of homes available in the market. We chose a prebuilt 3/3 designer home on a pond with a huge yard and no lottery. There are probably 100k homesites over on the new side and there will be something for anyone that can afford "The Lifestyle" lol. I shake my head whenever I hear someone fearing the lottery.

That being said....I whole heartedly believe that these lotteries are a fabrication created to instill a "buyers frenzy" so to speak. Villagers are competitive and everyone wants the best available. The developers are taking advantage of their potential buyers' need for instant gratification and can take a so-so lot and make it attractive when the agent says "so many people want this lot, or home, that there's a lottery and you better put your name and deposit in now". Next day...."oh you got it".

OP mentioned Verandas....most veranda homes don't have a view because it's walled in....but occasionally there are a few. We went over to Shadeybrook and looked at a designer veranda on a preserve and also the shallow creek golf course....had a weirdly shaped huge backyard lol. It was basically the new version of the gardenia model. $800k and I hated the neighborhood because the streets were very tight and the homes seemed closer together. Made us love our home even more. You can find a new home if you want it with a villages agent that knows exactly what you want and they can alert you to lots and homes that will be coming onto the market. We got our home because I found it the morning it was put on the market. Best wishes whatever you decide