Designer Lots Topping 200K
 

Noticed some golf course designer lots in the new section of Pinellas are 209K! One even backing to another lot with just a view is 179K. An Ivy with a pool spec is 611K in Gilchrist.

Premium lots are really starting to command PREMIUM prices!

:$::$::$:

Almost sounds like 2006 again. If the shoe fits - buy it.

that is what you call insanity !! Better to buy a resale if they cost that much

Prices have hit bottom with nowhere to go but up.

From all that I have been reading, the housing market is poised for a big rebound.

No way should ANY LOT cost that kind of money. That's taking advantage of people. You can find a beautiful designer or premier already built (some with pools etc) for much less!! Good luck in your search

Do you think your statement holds true for the Villages only, or do you think it will be nationwide.

From what I understand the premium lots, especially the ones on golf courses are extremely desirable to many buyers. They want that wide open view, with the sunsets that are indescribable. If I were in a financial position to purchase a lot with a waterfront and golf course view that's exactly where I would be.

It isn't really taking advantage of anyone. It is what the market will bear.

At this time on Thevillages.com there are six resale designer homes listed above a half a million dollars and three of them are pending.

So resale designers are escalating apparently and also selling.

Here is one I thought was very beautiful.
http://www.thevillages.com/homes/vls...?vlsnum=212690

I don't sell houses. I don't work for the developer. I don't work. I am retired.

I am waiting for my designer to close. It's not difficult to max the price by choosing a golf course lot with a water view with pool, hot tub, large cage, higher end options. After swallowing the lot price, I felt I could not overbuild as it is very beautiful. Dream house, here I come!

More so for TV as it's a Disneyland for 55 and over. Generally speaking, they will rise for the rest of the country but not as dramatically.

I very rarely agree with advertising but in this case it's true, "Absolutely Spectacular!"

WOW - Three are pending. I better not get to close to them as I might get burned. GOD bless those that can afford them.

I agree...not taking advantage of anyone.

It is the buyer's choice to buy or not to buy.

If enough buyers decide not to buy, then it's the seller's choice to either hold the price until someone buys or drop the price.

It's a pretty basic concept. And neither the buyer nor the seller are forced to make a decision.

btw: There is a designer lot on Bureau Path in Gilchrist Unit 211 that has a price of $250k. That's a quarter of a million dollars for the dirt only.

That wouldn't work for me, but it will eventually work for someone else.

So $585K on an executive golf course, no pool, no room to put a pool because the cart path is just outside the lanai. Sure does prove that prices are rising.

That house on Tarpon Boil golf course is absolutely beautiful - but at $585,000 it should be beautiful. I know exactly which house it is and it is impressive.

According to Zillow.com, that house first sold on June 28, 2011, for $445,290 which is a huge increase in less than 2 years.

I assume that when it sold in 2011, it was sold by the Developer to an owner who might have made some improvements and wants to move on to something else. I know that The Villages does not allow "flipping" so a homeowner has to wait at least 1 year before selling for a profit. If you ask me, $140,000 is a mighty good return on the money in less than 2 years.

I wonder what the actual selling price will turn out to be for this house?

Pocket markets are on the way up.
 

From what I have been reading there are pocket markets that have low inventory and high demand that are back in bidding war stage. Everything has gone up a little where I am but houses with view over 3750 sq ft and especially moorage are going nuts. A house down on the water from me was listed a year ago for $950,000 they put it back on the market for $975,000 it just sold for $1,150,000. But normal peoples houses like mine at 2300 sq ft even with view are just bearly getting back to normal not 2006 prices but maybe 2004. I only have 4 bedrooms and no theater or wine room or three car garage. The people who have what my dad use to call REAL money now that the stock market is back up are moving back into realestate. Maybe this is true for people who saw there retirement funds take a hit and finally come back they say hey now I have to buy a lot in the villages while I can.

Sorry I ramble on

:agree:

I did make a general statement in that if I elaborated, some markets will be better than the average but I still say the housing market is starting to recover. Going nuts is another story. Those who have waited to sell their homes should see a general rise in prices.

I hope so for all of us
 

I think you are right or at least I hope so. Listing this summer. We need to get out of the rain.

Do you know the lot size?

A friend asked us to look for a 3BR, golf course elevated CYV 1600 s/f or more. Ther are none with the villages pre-owned. Is ther a link for MLS?

It is not unusual for golf course lots in TV to have $150-$200,000 premiums.
Nobody is being had. The market dictates the price.
As TV approaches build out we will see even more increases in any lot determined to be premium lot for what ever reason.

There are lots in TV on the shores of Lake Sumter that have had "premiums" of over $600,000.....for the lot!

By the way all of this is nothing but good news for existing residents. Future residents will pay whatever the market dictates, that they can afford....just like the past 100 or so years past.

btk

Here is one I found. Golf course view, three bedroom. not sure of sq. ft. Nope...I looked only 1400 and it's pending. Tried to help.

Properties of The Villages

To see MLS listings there are many realtor websites that you can do searches on. Here are two.
Sally Love and Cindy Wise sell homes in The Villages, Florida
The Villages florida
Also search for villages for sale by owner.

I have no specific measurements.

The eyeball basics: located on an outside curve; decent width and very deep; primarily an eastern exposure; the backyard boundary is not straight lined...more like an arrow head, with one segment abutting a villas wall, and the other segment open to views of a small pond, Hole 5 green and Hole 6 tee box of the Evans Prairie Killdeer championship course (no cart path behind), a smallish water preserve, and a medium distant view of part of the larger preserve on the south side of Pinellas.

The last time I checked, there was a vacant lot on the far end of Bureau from the above for a price of $222k.

Anyone who can afford it, good for them! Happy for all of us as don't you think it helps all of our home values in a way? Golf course and water views are grand and we all can enjoy them from our carts/cars.

I think it also validates P.T. Barnum.

If these prices keep going up it looks like I will have to be a squatter in someones front yard when I retire.
Or live out of my golf cart with my dogs.

Could well be.

A lot of us could be idiots for buying a patch of what used to be useless sandy farm land in a state full of sinkholes,snakes, bugs, alligators, and more lightning strikes than any place else in the country and buying small lots that cost more than those in surrounding communities and far from the beach and in a community dominated by very opinionated old Repub......I mean folks of a certain political persuasion and pooping dogs and people who drive like maniacs..

Works for me!!!

It isn't just the lots - the designer homes just had another bump. The Gardenia went up $1,700 from last month's price, about 7% increase in the last year.

Lots with open space behind, golf course or water are very limited here...in this section -Unit 225 - Village of Pinellas I just quickly counted...~120+ lots and less then 20 are large golf front. Supply and Demand rules again.

. . .and people who have committed the cardinal sin of becoming OLD

As Russ said, it's like 2006 once again.....that's when I bought. If the price of the lot is more than you are willing to pay, I recognize you will not buy it.....others might...it may be very important to them to be located in that particular area. There are other parts of this country where certain lots command premium prices, not just here. No one is being taken advantage of, at least in my opinion.

I agree but be careful once the Fed reserve starts raising interest rates home prices will start to tank and it will be 2008 all over again

Cantwaittoarrive: spot on. The Fed is accused of creating the next fiscal cliff by printing more funny money and surpressing interest rates. Experts believe when they open up rates it is going to be like an oil gusher and they won't be able to stop it. I hope the experts are wrong because it could decimate the bond market. Perhaps the Fed will ease into it all and be able to contain damage??????

The prices here are retuning to 2005-2006 levels. I purchased a home on a championship course and based on comments here I beginning to feel wealthy again. Maybe I should test the market????Hmmmmm

We all just have to try to live with the endangered species. After all, they won't be with us for that much longer.

Now did I call anybody an idiot?

No. And I bet you didn't even think it.

I believe that you are a gentleman and a scholar, your fine intellect is only exceeded by your good looks and you are truly a judge of fine whiskey.

I haven't met you but that is what your diplomacy suggests.;)

Well you've seen my picture, so I know you're wrong about the good looks, but I'll accept the rest! ;)

Wow, Gracie, have you ever thought about going into sales???;)

All those lines are very old ones and I grew up among a big family who were always trading "witticisms". None of my material is my own.

Mack seems like a very reasonable person indeed.

And you C France are PERFECT.

And the Baby Boomers are just starting to retire as The Villages comes near the build out.