Rumor but Logically Interesting
 

Rumor (2nd hand) but logically interesting~~

Just wondering if anyone down in the Villages has heard of this – think it strange how I come to Rhode Island and get this Villages news.
Today I met a guy from Kentucky who is here in Rhode Island for training the polo horses at the Middletown polo fields (just outside Newport). He told me that at one time he worked for the Morse family to train and bred their polo ponies. Then he told me how the “family” is going to buy the Padua Farm on Route 301 just north of Route 42. This is an 800 acre farm that has been for sale for the past three years. Just check this place out:
Padua Stables - Ocala Horse Farm | OUTRAGEOUS LUXURY
The farm is values at over 35 million but the family is getting it for just over 12 million. He claimed the family is then going to move the whole polo operation from the Villages to the farm . . . allowing them to then build on the land where the current polo fields are located. (They also own more land in back of the polo grounds. He said they may even move all the families over to the new farm and use all their current lands on 466 as development . . . they could build at least 2,500 more home if they do this. (that would be about a quarter of a billion dollars in profit)
So my question is, has anyone heard any rumors down there?

I have recently heard some rumors but will wait till I get some kind of confirmation before I comment.

I do know that they are slowing the southern movement. Seems the land they will buy is right next to Coleman Prison and they are waiting for all the inmates to turn 55.

Here is a recent thread:

https://www.talkofthevillages.com/fo...-farms-154808/

I don't believe the "family" owns the Polo fields. The Polo Fields are private property owned by individuals nice enough to let people use them like the flying club, walkers, and the soccer club.

Hmmmm. Where does that info come from? In looking at the Sumter County tax records, the parcel listed as 1031 N Buena Vista Blvd is shown as owned by the Villages of Lake-Sumter; and the use description is 'AG Improved W/HX' - not sure of those codes! Notes on the property card indicate "E1/2 OF SW1/4 AND SE1/4 OF NW1/4 LESS THAT PORTION DEEDED IN OR 868 PG 357 (PARCEL 18 & 19)5 LESS THAT PORTION KNOWN AS D.W MATHEWS POLO FIELD PARCEL NO. D10=016 LESS E 410 FT OF S 200 FT OFS1/2 OF SE1/4 OF SW1/4 THEREOF"

And the parcel listed as 700 N Buena Vista Blvd [contingent to 1031] is shown as owned by the Villages of Lake-Sumter; and the use is described as 'Drive In Theatres, Open (03100)'. And this parcel shows as the one referenced above as Parcel No. D10=016.

Both properties have mailing address as 1020 Lake Sumter Landing, The Villages, FL 32162. If I read the cards correctly, both properties were sold/transferred fr Donald W Mathews, Individually and as Trustee to the Villages of Lake-Sumter way back on 1/31/2001. And the map on each site sure looks like the polo field property. And the properties behind what appears to be the polo field property is shown as owned by a private party.

What with the one property description listed as 'drive in, etc' - isn't that why/where the Villages used to hold an annual golf cart drive in movie night?

Fross & Fross occasionly sponsors a drive-in night at a portion of the polo field.

Since I have a hard time believing someone would sell land valued at 35 million for twelve million, I guess I shouldn't believe the rest.

I can confirm this is a rumor that may or may not be true.

:evil6:

That's pretty definite, thanks for the confirmation.

As Dougbee said:
Since I have a hard time believing someone would sell land valued at 35 million for twelve million, I guess I shouldn't believe the rest.

Stand by for more rumors. :popcorn:

Bogey Boy is that a 2007 Allegro Bus in the picture?
Bob

2006. Tiffin makes a great motorhome.

We just sold our 2007 Bus when we moved into the Villages.It was a great MH and hate staying in motel rooms again.
Bob

Nothing stops the Village Developer
 

The Developer will just build around the prison on their way to hooking up the Retiree World to Disney World. :thumbup:

and travelling by air

And he could always incorporate the prison and market it as "Florida's Friendliest Prison" for retiree age prisoners.

Unfortunately we seem to have a need for this. :police::a20:

All very funny!:1rotfl:

I have a feeling it's only the owners that think the property is worth that much. It was just offered at auction, and the highest bid was single digit million. Further "meetings" were to go on with the bidders.

Padua Stables did not sell during an auction held at the farm on Thursday | Ocala.com

Perhaps one of the bidders was the Morse family. That's a rumor started by moi!

It would be interesting to figure out how many of the rumors in the past few years about property acquisitions/development, etc., have turned out to be true. If anyone heard a rumor that turned out to be true, let's hear it! My untrustworthy recollection is that a lot of them came to be.

That auction was in 2012.

Ah yes! But the economy has just gone crazy since then.

This farm has been for sale for quite some time and put up for auction maybe 2 years ago with no sale. The owner moved operations to Kentucky maybe 5 years ago.

Perhaps its a fire sale. As for the polo fields I was told, a common statement here in TV, that the developer was sold the Polo property as long as Polo was played there for 99 years....If this is true the 99 years are not up yet.

If it was sold for twelve million, no doubt that a valid appraisal would value it at that price or less . You can ask any amount , but if there is no buyer at that level , then that is not the value.

Value of Property
 

The value of something is what someone is willing to pay for it.

Sentimental value excluded.

The Polo fields are owned by "The Villages of Lake Sumter'

Which is controlled by The Developer.

I still don't know one person, who knows what the developer, is going to do.

Until something happens, it's all speculation. IMHO

That pretty much sums it all up.

And posters on TOTV are provided with endless wild rumors and speculation which makes for an interesting Forum! :blahblahblah::blahblahblah::blahblahblah: :024:

The Developer does NOT own the polo fields but some family members are involved in the ownership. The latest rumor is that the normal operations will be at Padua with the games still played at the present polo fields. This would still allow the development of several thousand acres for the building of homes.

Warren - What is the source of your claim that "The Developer does not own the polo fields..."?

In looking at the Sumter County tax records, the parcel listed as 1031 N Buena Vista Blvd is shown as owned by the Villages of Lake-Sumter; and the parcel listed as 700 N Buena Vista Blvd [contingent to 1031] is shown as owned by the Villages of Lake-Sumter. Both properties have a mailing address as 1020 Lake Sumter Landing, The Villages, FL 32162. And if I read the cards correctly, both properties were sold/transferred fr Donald W Mathews, Individually and as Trustee to the Villages of Lake-Sumter way back on 1/31/2001.

Has something transpired that has not been updated on the property cards?

The Villages of Lake Sumter, Inc. (TVLSI)is the developer and that is the captioned in the IRS filings on the bond issue. I have been referring to TVLSI for sometime on these pages because some posters have such an affinity for the developer that if you said developer and a negative followed they became highly offended so I chose the commercialized and proper entity to emphasis that the comments were not personal but business

farmland
 

Central florida farm land according to OP it has been for sale for 3 years at 35 million... 12 million for a central florida farm seems like a good offer to me

I'll believe the new homes rumor, when I see bulldozers, grading the land.

Don't you love this rumor mill? Unfortunately sometimes they come true. What will be, will be. Que sera. I will still have my friends, my neighbors and my wonderful life here. As things get more crowded in the season I get food to go or, scary, I cook! I still live in Paradise.

This Rumor is not true.
 

According to the online news this morning.


"A much-circulated email in The Villages suggesting that the Morse family plans to pull up its polo stakes and move its ponies to Padua Stables is a rumor, according to Gary Lester of The Villages.
Lester made the comment in a Villages Homeowners Association town hall meeting on Tuesday.
He said The Villages and the Morses have no interest in Padua Stables.
At Welcome Wednesday, District officials also addressed the well-discussed rumor of the family purchasing the horse farm on U.S. 301 in Marion County indicating it is nothing more than a rumor with no validity, according to a VHA representative who regularly attends the weekly Welcome Wednesday meetings at the District Office at Lake Sumter Landing.
District officials indicated it is not a District matter, but reiterated Lester’s statements of the previous day."

Gracie, you are letting the facts get in the way of a good rumor.....this is not how this site works!!:doh: