Personally I'd not go with a direct water view. In the Villages that usually means "view of a retention pond" and those can dry out or become very low during droughts, increasing mosquito activity and a view of dead fish on the banks. If you go with a golf course view, make sure your house won't be too close to the destination of a slice. Some homes have to put protective shields over their windows just for the purpose and you can see the dings on their siding from where balls have hit them.
Being in a neighborhood that HAS a water or golf view is awesome. You get to see it, but not have to live directly in line of the occasional unfortunate results of it.
If you go for an older home, getting it inspected is an absolute must. Also, you'll want to check with ARC on any exterior modifications, make sure they've been approved. Things like an unusual color of the house or shutters, any landscaping features, driveway expansions or surface paint, and similar. The last thing you need is to move into your gorgeous home, and some freak in the area submits a complaint that your entire sidewalk layout was never approved and you end up having to dig it up and rebuild a new one that complies with their restrictions.
For the area you're looking, you probably won't need to spend $700k. You could probably find a spacious, well-kept home in excellent condition for under $500k. Largo and Sabal Chase have quite a few options right now.
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