Another home priced over 2,000,000.00

[delima2000]

I was just on the villages web site looking up used homes and found another home for sale at over $2,000,000.00. It is a new listing with address not disclosed. Maybe home values are rising in the villages. Check it out.:a040:

[bike42]

That's 2373 Baypoint Way in Pennecamp. Bought for $1,350,000 in 2011. This one is apparently not being sold furnished ... (The $2,400,000 one in Bridgeport at Miona Shores is extravagantly furnished). It will be interesting to see if these homes sell and at what price.

[cquick]

oh, that home sits right on Lake Miona, with only two other homes. I'll bet the view is beautiful.

[asianthree]

i was in that house when they built it..its nice

[GaryW]

No View in The Villages is worth 2 Mil... No where near 1 Mil. Spend that much for a view, Better be overlooking Central Park.

[graciegirl]

No View in The Villages is worth 2 Mil... No where near 1 Mil. Spend that much for a view, Better be overlooking Central Park.


Given a choice any day of the week I would take any home here over any home overlooking Central Park. I love THIS place.

The 2.4 million dollar home's interior wasn't what I expected to see.

[mickey100]

I see people spending $200,000 for a view. I think that is excessive.

[buggyone]

I see people spending $200,000 for a view. I think that is excessive.

Each to their own. Personally, I would rather spend a lot for a beautiful view than to have lanais real close to me in the back looking directly into mine.

[missypie]

If 2 mil was my housing budget, you bet I'd buy that house.

There is no place else in the world like TV. We feel so blessed.

[mickey100]

Each to their own. Personally, I would rather spend a lot for a beautiful view than to have lanais real close to me in the back looking directly into mine.

You're right. Each to their own. To me, $200,000 for a lot the size of a postage stamp, with neighbors so close in on the sides, is a real rip off. And so many of the views I've seen are problematic - for example, golf course views that have a cart trail nearby, so you're watching carts zoom by the house every 8 minutes. So much for privacy. No thanks.

[graciegirl]

The Fox and the Grapes

Aesop


Once upon a time there was a fox strolling through the woods.
He came upon a grape orchard. There he found a bunch of
beautiful grapes hanging from a high branch. http://www.bedtime.com/assets/images/whtgrapes_falling_w.gif

"Boy those sure would be tasty," he thought to himself.
He backed up and took a running start, and jumped.
He did not get high enough.

He went back to his starting spot and tried again.
He almost got high enough this time, but not quite.

He tried and tried, again and again, but just couldn't get high
enough to grab the grapes.

Finally, he gave up.

As he walked away, he put his nose in the air and said:
"I am sure those grapes are sour."

Moral
IT IS EASY TO SCORN WHAT YOU CANNOT GET.

[deltaguy]

Given a choice any day of the week I would take any home here over any home overlooking Central Park. I love THIS place.

The 2.4 million dollar home's interior wasn't what I expected to see.

Please elaborate. Just what is it that you were expecting that was not there to make it worth 2.4 million? A view of Central Park perhaps?

[graciegirl]

The Fox and the Grapes

Aesop


Once upon a time there was a fox strolling through the woods.
He came upon a grape orchard. There he found a bunch of
beautiful grapes hanging from a high branch. http://www.bedtime.com/assets/images/whtgrapes_falling_w.gif

"Boy those sure would be tasty," he thought to himself.
He backed up and took a running start, and jumped.
He did not get high enough.

He went back to his starting spot and tried again.
He almost got high enough this time, but not quite.

He tried and tried, again and again, but just couldn't get high
enough to grab the grapes.

Finally, he gave up.

As he walked away, he put his nose in the air and said:
"I am sure those grapes are sour."

Moral

IT IS EASY TO SCORN WHAT YOU CANNOT GET.



bump

[ROCKETMAN]

House prices are definitely rising on new and pre-owned. A new courtyard villa south of 466a used to be around $153,000, now $175,000 not furnished or corner villa. I have been watching the pre-owned and they are rising also.

[Dr Winston O Boogie jr]

I have never understood people who want to live in a big city like New York. I, like most people, have the attitude that it's a great place to visit, but I'd never want to live there.

I'd take the Villages any day over Manhattan even with a view of Central Park.

Another thing that always puzzled me was people who live and work in big cities talking about the wonderful views from their windows. I would look out and see a bunch of ugly buildings and filthy alleys. To me, a great view is the Grand Canyon, the White Mountains of New Hampshire, the Everglades. There is no view in any city that compared with those.

I think that it's absurd that people pay $2,000,000 for a tiny apartment in NYC where they have no land, no backyard, no fresh air. I had a friend that paid $800,000 for a studio apartment on 21st street. When I went to visit, he would show me his view of the Empire State building. You sort of had to stick your head halfway out the window and turn to the left. All I could think about was what kind of beautiful house with landscaping and gardens and a garage and basement that you could buy in my old neighborhood in Massachusetts for that kind of money.

Oh well each to their own, I guess.

Anyroad, I don't think that anyone is paying $2,000,000 for the view alone. It looks like a gorgeous home with a great lanai and a wonderful yard. It has several bedrooms and bathrooms and looks like a wonderful place to live and to have company stay over.

[GaryW]

Please elaborate. Just what is it that you were expecting that was not there to make it worth 2.4 million? A view of Central Park perhaps?


I am for a view, but there is no view worth that around here. Just MHO now!! I understand that location location and location drive up the price. But for that much greenback action, Need alot more house for me to up that many dead ones...
Brother in Law just bought a house on Lake Toho for 650,000. Much bigger and nicer with Lake View....
Man after watching Million Dollar Listing New York Central Park or SoHo for that price.

[Bavarian]

Each to their own. Personally, I would rather spend a lot for a beautiful view than to have lanais real close to me in the back looking directly into mine.

Ditto

[CFrance]

If I had 2.4 mil to spend on a house, I would have the best of both worlds--one house in TV and one in Tuscany or Umbria or Andaluca or Perigord or, or, or...

[ilovetv]

No View in The Villages is worth 2 Mil... No where near 1 Mil. Spend that much for a view, Better be overlooking Central Park.

No way.

An ocean view, YES, but the other thread about coastal (required) flood insurance premiums rising by 600-700% is making TV look better all the time for buyers.

[Madelaine Amee]

For that sort of money, I would have one on Nantucket and one on Snell Island or Coffee Pot Bayou.

[deltaguy]

I have never understood people who want to live in a big city like New York. I, like most people, have the attitude that it's a great place to visit, but I'd never want to live there.

I'd take the Villages any day over Manhattan even with a view of Central Park.

Another thing that always puzzled me was people who live and work in big cities talking about the wonderful views from their windows. I would look out and see a bunch of ugly buildings and filthy alleys. To me, a great view is the Grand Canyon, the White Mountains of New Hampshire, the Everglades. There is no view in any city that compared with those.

I think that it's absurd that people pay $2,000,000 for a tiny apartment in NYC where they have no land, no backyard, no fresh air. I had a friend that paid $800,000 for a studio apartment on 21st street. When I went to visit, he would show me his view of the Empire State building. You sort of had to stick your head halfway out the window and turn to the left. All I could think about was what kind of beautiful house with landscaping and gardens and a garage and basement that you could buy in my old neighborhood in Massachusetts for that kind of money.

Oh well each to their own, I guess.

Anyroad, I don't think that anyone is paying $2,000,000 for the view alone. It looks like a gorgeous home with a great lanai and a wonderful yard. It has several bedrooms and bathrooms and looks like a wonderful place to live and to have company stay over.

You are outnumbered in your opinion by about 8,000,000 to 1.

[murray607]

House prices are definitely rising on new and pre-owned. A new courtyard villa south of 466a used to be around $153,000, now $175,000 not furnished or corner villa. I have been watching the pre-owned and they are rising also.

No Patio Villas under $150,000 now and some are in the $180,000's and no discounts.

Looks like a 7-10% rise in price in a past year

[CFrance]

Please elaborate. Just what is it that you were expecting that was not there to make it worth 2.4 million? A view of Central Park perhaps?

I looked at the picturesand listing for that house--the first one, which I believe was the 2.4 million one. I thought for that price it was on too small of a lot, and the interior needed a lot of updating, especially the paint colors. At least one of the living spaces was very narrow and very dark, and that could not be changed without moving walls, which is costly. The statues in the pool looked too... I don't know. Rococo? If you wanted to remove them, how? Are they cemented down?

It seemed very out-of-current style ornate and would need work.

I don't think Central Park view had anything to do with GG's assessment. I think it was more the style of the house... Although I too would take Central Park if I had the income to make living in NYC easy-- taxi money, gym money, a winter house in the tropics, and lots and lots of dining-out funds.

[janmcn]

No Patio Villas under $150,000 now and some are in the $180,000's and no discounts.

Looks like a 7-10% rise in price in a past year


People can ask whatever price they want, whether it's $180,000 for a patio villa or $2.4 million for a mansion. How many people are willing to pay those prices remains to be seen.

[mickey100]

Yes. Starting to feel like housing is in a bubble that could burst again like 2003 - 2006.

[Villages PL]

Some people, who move to The Villages, may have a net worth of 5, 10, 20, 30 million or more. So it may be that spending 2 million on a home is not that big of a decision. They might consider it a bargain.

[sgiamp1]

That's 2373 Baypoint Way in Pennecamp. Bought for $1,350,000 in 2011. This one is apparently not being sold furnished ... (The $2,400,000 one in Bridgeport at Miona Shores is extravagantly furnished). It will be interesting to see if these homes sell and at what price.

Can you please tell me where you found 2373 Baypoint Way listed? I took a ride past it today and didn't see anything to indicate it is for sale. I also checked Realtor.com and couldn't find anything there either. Thanks

[DougB]

You are outnumbered in your opinion by about 8,000,000 to 1.

Make that 8,000,000 to 2. I'm with Dr. O Boogie on this one.

[DonH57]

Some people love big cities and some don't.Even if I had the money I would never ever buy real estate in Manhattan or any big city. I do very much enjoy visiting NYC every chance I get. It is one of my favorites. I have to also side with Winston O Boogie as well.

[Steve & Deanna]

Oh well, everyone has wants and some needs. Personally, if I had the money, I doubt I'd spend $2M on a home.....but that's us.

[renielarson]

I'd never consider a house on Lake Miona ever being worth $2,000,000 with the lake being only 418 acres. You are paying for the view and maybe a little fishing if that's what you do. However, a house on Tellico Lake in Tennessee is a different story. The recreational lake has 15,560 acres of surface, is beautiful and lined with thick foliage and trees. Eventually, we hope to have another home built there as we are boaters and think this is the best place for investment.

[mickey100]

You think like I do. There are plenty of places, wonderful locations with a lot to offer, where you'll get more bang for the buck for that level of $$.

[graciegirl]

As my sweet husband will say, the market sets the price. If people think that the view from that home is one of the best in The Villages and they have the money to buy it, they will buy it, and I am pretty danged sure they will have the money to buy it too.

Beauty is in the eye of the beholder and worth is established by the buyer.

but I am pretty sure of this too, that home will NOT sell for that price OR anywhere near it unless they have it professionally staged, it does not show like a two million dollar home inside. It could be spectacular, in my opinon. C France's assessment was correct as usual.

I am speaking of it as a commodity now, and mean no ill will to the folks who lived in it and loved it the way it is decorated.

Big fan of HGTV, don'tcha know?

Here is MY guess of it's worth, when staged properly. 1.4million. You can ask anything, what it sells for is another thing.

[GaryW]

One thing I know about people with lots of money,, they did not get it by spending it just because they had it. THey got it by being smart with what they spend and on what,,,, A view is a view, but if the house does not dictate 2.4 mil then you have problems.

[mickey100]

One thing I know about people with lots of money,, they did not get it by spending it just because they had it. THey got it by being smart with what they spend and on what,,,, A view is a view, but if the house does not dictate 2.4 mil then you have problems.

Exactly. If you take a 400k home and try to sell it for 2.4 mil you are essentially saying the view/lot is worth 2 million. I havent seen one place in The Villages that could make that claim, although our resident sales person will probably argue otherwise.

[graciegirl]

Exactly. If you take a 400k home and try to sell it for 2.4 mil you are essentially saying the view/lot is worth 2 million. I havent seen one place in The Villages that could make that claim, although our resident sales person (??? are you thinking I am a sales person? I am not. The people who know me, know that)will probably argue otherwise.



2 West 67th Street #1213DE, New York NY - Trulia (http://www.trulia.com/property/3119680046-2-W-67th-St-1213DE-New-York-NY-10023)

I ask all of you, which would YOU choose between the house on Lake Miona and this drab place?

[GaryW]

I want this one.
3907 Oceanshore Blvd - Palm Coast, FL - Hammock Dunes - MLS 547688 - 386 Real Estate (http://www.386realestate.com/listing/3907-oceanshore-blvd/palm-coast/florida/32137/547688/)

I mean if you are just throwing views out there..... The house has to be worth the investment, No way is that lot or view worth 1-2 mill. for 2.4 mil, then you are saying that house alone is 1 Mil. Then the lot has to be 1.5 Mill. Not seeing it.

With that being said, The Villages is a great and amazing place. But got to look at the big picture. JUST MHO

[Dr Winston O Boogie jr]

You are outnumbered in your opinion by about 8,000,000 to 1.

In fact the people that live in NYC are outnumbered by about 40,000,000 to 1.

And don't forget, the vast majority of those people living their do not have penthouse views overlooking Central Park.

[graciegirl]

I want this one.
3907 Oceanshore Blvd - Palm Coast, FL - Hammock Dunes - MLS 547688 - 386 Real Estate (http://www.386realestate.com/listing/3907-oceanshore-blvd/palm-coast/florida/32137/547688/)

I mean if you are just throwing views out there..... The house has to be worth the investment, No way is that lot or view worth 1-2 mill. for 2.4 mil, then you are saying that house alone is 1 Mil. Then the lot has to be 1.5 Mill. Not seeing it.

With that being said, The Villages is a great and amazing place. But got to look at the big picture. JUST MHO


A home is worth what a person is willing to pay for it.

[Dr Winston O Boogie jr]

A home is worth what a person is willing to pay for it.


BINGO!

And not just a home. That is true of everything that we buy and sell.

[mickey100]

I want this one.
3907 Oceanshore Blvd - Palm Coast, FL - Hammock Dunes - MLS 547688 - 386 Real Estate (http://www.386realestate.com/listing/3907-oceanshore-blvd/palm-coast/florida/32137/547688/)

I mean if you are just throwing views out there..... The house has to be worth the investment, No way is that lot or view worth 1-2 mill. for 2.4 mil, then you are saying that house alone is 1 Mil. Then the lot has to be 1.5 Mill. Not seeing it.

With that being said, The Villages is a great and amazing place. But got to look at the big picture. JUST MHO

Yes, some people are able to look at the big picture, and some people are caught up in their little Villages bubble. We all have seen much nicer views, nicer homes, for less money elsewhere. For us, the value of a home has to include a certain level of quality to warrant that type of price. We just haven't seen a house or view with that level yet, not in The Villages.

[graciegirl]

It would be so much fun for you to go shopping, look for a nice home somewhere.

We who are caught up in the "Little Village Bubble" have among us some of the brightest and most successful by all standards, of people who live anywhere. People who have bought here and choose to stay here are not dummies.

The homes are very easy to sell and to gain a profit from at this point. If someone stays here and that someone is terribly unhappy, that is their choice.

I do not understand the constant negative hammering. I have to believe that we are as satisfied and as happy as our own personality allows us to be. I cannot see how anyone could constantly belittle this wonderful place. I cannot understand.

[murray607]

It would be so much fun to go shopping, look for a nice home somewhere.

We who are caught up in the "Little Village Bubble" have among us some of the brightest and most successful by all standards, of people who live anywhere. People who have bought here and choose to stay here are not dummies.

The homes are very easy to sell and to gain a profit from at this point. If someone stays here and that someone is terribly unhappy, that is their choice.

I do not understand the constant negative hammering. I have to believe that we are as satisfied and as happy as our own personality allows us to be. I cannot see how anyone could constantly belittle this wonderful place. I cannot understand.

I agree Gracie, the Villages homes will always be marketable and with the developer still building, there is a relative degree of stability in new home prices. Yes they are rising but not by huge amounts.

Home sales seem to be recovering in FL and prices will always go up as demand increases.

We bought in Kissimmee after the bubble burst. In 2010 we bought our condo (which had sold for $347,500 in 2006) for $63,000 fully furnished, significantly below pre-bubble price. The market had recovered significantly by this past January and we sold for $80,000. Now, I see same size condos in the same community selling for closer to $90,000. The shortage of housing in the Orlando area has been driving prices up.

However, I feel the Villages is different. There does not appear to be a shortage of housing and the increases in prices of new homes are because of other costs (materials, labor etc). And as new home prices increase so do the prices of pre-owned homes.

I think an investment in a property in TV is a sound investment, perhaps not absolutely recession proof, but like any good investment there will be ups and downs in marketability but will any long time owner say their property is now worth less than they paid for it? I would say few, if any.

The exciting thing is that we know people want to purchase a home and live in TV because of what it is, not just for future value.

[mickey100]

I think an investment in a property in TV is a sound investment, perhaps not absolutely recession proof, but like any good investment there will be ups and downs in marketability but will any long time owner say their property is now worth less than they paid for it? I would say few, if any.

There are people who bought in 2006 who might disagree with that. And since they were selling 400+ homes per month, there could be quite a few. I agree that the prices probably didn't drop as much as other places, such as Orlando and Naples, and they have recovered pretty well, although perhaps not up to 2006 levels.

If you like The Villages, and want to retire here, fine. If you're looking to make an investment for a profit, there are so many variables in the housing market, experts are saying that housing is a crummy investment.