Golf view lot cost?

[starflyte1]

Would someone please tell me what premium you pay for a golf front lot? Trying to figure value on a resale. Thanks! Pat

[samhass]

I think it varies. Is it executive or championship? I paid a premium of 185K for the golf front lot in Mallory. (championship) It isn't a huge lot. This was March 2006.

[poromo]

Our salesperson showed us a map of the new lots available for sale and the golf course premiums ranged fro $60K to $173K.

[samhass]

Poromo, what village were they in?

[graciegirl]

Views are where the money is in TV.

I saw the most exquisite view last night when a new friend here allowed us to see her water view in Amelia. The sun was setting and the palms were in silouette on the hill behind the lake she looks out on. The sky had yellows and purples and magenta and grayish blue and it reflected in the water surface. It gave me goosebumps.

That view was priceless.

[l2ridehd]

Golf view lots range from 50K to 100K and golf front can go as high as 200K. Depends on lot size, where it is on the fairway, is the lot big enough for a pool, is it also on a cul-de-sac, executive course or championship course, busy street, etc. etc. I am sure there is someplace but I have not seen any golf view or golf front below 50K. Even a cul-de-sac lot which usually provides a little more back yard privacy has a premium of 15K to 30K even without a golf course view. So as stated before, it's all about how good the view, lot size, privacy it affords and location.

[retiredguy]

Gracie:

Wow, that sounds so great compare to golf course. At night they are pitch black and in the morning dewey. Water view would get my $ as you described.

[villages07]

Lot premiums are the one variable the builder can really tinker with....the cost to build the house is directly related to labor and materials; the lot cost derives from land bought for pretty small $$/acre way back when.

As best I can tell, golf front lot premiums have come way down from their peak in mid 2006. A Gardenia or Lantana designer then, on exec golf course, with a few upgrades might have been 500-525; now, I see them advertised for closer to $450 (may not have quite as many interior upgrades).

[NJblue]

They can vary for sometimes inexplicable reasons. We looked at two lots on the Truman course that were right next to each other. One was 84K, its neighbor was 124K. The more expensive one was a bit wider but both were wide enough for a Lantana with a golf cart garage.

[poromo]

Samhass,
The lots were off the Roosevelt and Truman golf courses near the Colony Cottage recreation center. I believe the village was Hadley.

[chuckinca]

What's the difference between "Golf View" and "Golf Front" lots

What do you call a lot adjacent to the golf course out the back door?

[samhass]

Golf view means you can see the golf course. Golf front means the house sits on or fronts the course.

[swrinfla]

It's ancient history, now, of course, but . . .

When I bought my lot in Sep '04, I paid a premium of $18,000 for being on a cul-de-sac and therefore having a "pie-shaped" lot, and slightly more ground. My most favored alternative was a "standard" lot in Winifred which did offer a small view of the golf course and, beyond, CR466, but was still only a squared off lot. Premium was $50,000!

I quickly opted for my slightly larger piece of ground, with no exciting view, nor any connection to a golf course! I couldn't be happier!

SWR

[Barefoot]

We were told by a Village agent that view lots cost an additional amount of between $50,000 to $200,000, depending on how expansive the view is. IMHO having a view lot is well worth the price.

Championship golf courses are more expensive than Executive. Obviously backing on Lake Sumter would cost way more than backing on a retention pond! We bought a resale Villa on a golf course and very much enjoy watching the golf during the day and the jack rabbits at night. Don't think we'd want a water view because of the potential danger to our dogs from gators.

[clekr]

Having just bought a golf front in Hadley two weeks ago - they can range from 98K to 150K and more. Size of the lot makes difference, though we talking only a few feet, as does the view itself.

[samhass]

You are right Bare. The lots on Lake Sumter are way more. In 2006, many of these on the water and golf course were 450-500K for just the lots. I think in time they will go for far more than that.





We were told by a Village agent that view lots cost an additional amount of between $50,000 to $200,000, depending on how expansive the view is. IMHO having a view lot is well worth the price.

Championship golf courses are more expensive than Executive. Obviously backing on Lake Sumter would cost way more than backing on a retention pond! We bought a resale Villa on a golf course and very much enjoy watching the golf during the day and the jack rabbits at night. Don't think we'd want a water view because of the potential danger to our dogs from gators.

[Barefoot]

You are right Bare. The lots on Lake Sumter are way more. In 2006, many of these on the water and golf course were 450-500K for just the lots. I think in time they will go for far more than that.

I'm not suprised at the cost of lots on Lake Sumter. That has to be the nicest view in all of The Villages!

[starflyte1]

Thanks for all the replies! We are looking at re-sales and knowing what the lot is worth helps to justify the cost.

[starflyte1]

barefoot at last, The villa you purchased sounds like something we would love!

Right now, we are flipping back and forth between a house and a villa, but one thing is for certain-it must be golf front. My husband did tell me today that if I really wanted the house I have been watching for a week, to make an offer. But, it is not my #1 floor plan choice, so will have to pass. But, at least he forced me to stop obsessing about it. :) Now, about that villa I have been watching.......

[Sidney Lanier]

samhass, I'm not clear what you mean by 'golf view.' Would that include a house, say, across a road or down the street from a golf course from which you can still see the golf course?

We bought a resale with houses behind us, meaning no view other than what my wife refers to as our 'citrus grove' plus the other screening plants that the previous owners had a landscaper put in. However, our little street of six houses has a bend exactly in the middle of the block, and with us being house #3, right on the bend, although we are the smallest Designer on the street, we along with #4 next door have the largest lots because of the pie shape. We didn't plan it this way; it's just how it happened to work out.

Now I wonder if on this small street we and the house next door are considered to be on, comparatively speaking, premium lots compared with houses #1, 2, 5, and 6. Interesting....


Golf view means you can see the golf course. Golf front means the house sits on or fronts the course.

[downeaster]

Beware of "Golf View". I have seen for sale signs including a "Golf View" tag and the only way to view the golf course is from outside the house and looking across a street. One such house is on a corner lot and one side, windowless, Golf View side, is on a heavily travelled street. I have seen others where you would have to look across a street between other houses to get a glimpse of the golf course.
There is one big advantage, chances of getting hit by an errant golf ball are slim.

DC

[Barefoot]

Beware of "Golf View". I have seen for sale signs including a "Golf View" tag and the only way to view the golf course is from outside the house and looking across a street.

I've actually seen The Villages advertise those kinds of houses as Golf Peek. The Sales Department can be quite inventive.

I think if you want a view from your back lanai, you have to buy "golf front". In my opinion, the premium is worth it. At night it is quiet and private, and just beautiful. One morning we woke up to sandhill cranes stutting their stuff. Magic.

[l2ridehd]

Golf view can mean many different things and you have to decide if the premium is worth the view you get. I have a golf view that I paid for. It is where a street makes a curve away from the course and the street behind me curves away from the course as well. So the home to my right facing the course is golf front and the one to my left on the next street over is golf front. I am golf view as my pie shaped lot misses the course by 21 feet. So for me, I have the best of everything. I am far enough away from the cart path to not hear the early AM golfers, close enough to see them, have several live oaks between me and the course, have a great view of the lake across the Heron course and not subjected to errant golf balls. I can see the course from the living room, master bedroom, and guest bedroom. Best views of course and lake are from the lanai and pool. And yes this lot was a significant premium. However for me it was perfect. Someone else may feel that being directly on the course is required. Or has to be a championship course. Or some other criteria that means a lot to you the buyer.

Golf view can also mean its on the other side of a busy road and traffic noise and carts are an issue. Personally I would not pay a premium for this, but someone else will. The lots are the most significant variable in the price of homes. Yes enhancements also add cost, but the lot difference can be as little as 10K or as much as 200K and probably more. It's view, location,size and they all impact the lot price which in turn impacts the home price.

[samhass]

If you lived on a lot of acreage or in a very private setting before, you may find you need to purchase a home that is golf front or has nothing behind it. If you lived in a condo, you may not care a fig about having that space. I need the illusion of wide open spaces. I think otherwise I'd have to head back to the hills of Pa or buy a big farm outside TV.