Didn't they say Designer homes in Fruitland Park would would be $500K??
 

I just checked out some homes on the Villages website and there are Designer Homes listed in LaBelle starting in the $220's. I was shocked! So much for our rapidly increasing equity........

Is LaBelle in Fruitland Park? I honestly don't know.

I am glad to hear it. That is a reasonable amount and that doesn't of course mean that the range would not extend into the five hundreds for designers as it does now. It is all according to the lot, the size, the view, the additions of course, like it always has.

There are designers now from the lower twos unto the fives.

I think that is a rapidly increasing equity.

If my memory is correct, I think LaBelle is in the original "south of 466a" plan, along with Belle Glade CC and 3 executive golf courses. The Fruitland Park expansion is further east, on the other side of the new (un-opened) executive golf courses.

Apples to oranges.....

Here is the highest priced LaBelle home for sale - Price: $562,061

There are 138 homes listed in the Village of LaBelle with prices over $220K so not sure what the point is. There are only 7 listed $220K or lower.

Everything I see shows our equity is appreciating nicely.

That's what what my salesman told me too about 2 years ago. I didn't believe it [but I sure was hoping]. I think he was repeating was he was told. The salesman find things out when we do. I heard that many times so I guess it's also true.

The price of the house doubling in such a short time with so much building going on and people leaving the villages for one reason or another makes this seem unlikely.

The one I also found hard to believe that also seems true is that the average villager moves 3 times. That's a lot of money in commissions, banking, lawyers and all the little businesses that go into preparing a house for sales.

Keep in mind, I think Fruitland does not have a bond.

I would imagine that the "bond" will just be built into the price of the house.

I wouldn't jump to conclusions. $220k for some designers shouldn't raise any red flags.

LaBelle is not in Fruitland Park. It is in Community Development District 10.

Last week we went to the first evening presentation on CDDs. John Rohan did a wonderful presentation about how our CDDs work, including the history of the development of The Villages, which he has now been with for 22 years. It gives you a new appreciation for this funding vehicle, (both the development bond and the maintenance bond), to keep our local community running and looking beautiful in perpetuity.

John Rohan also mentioned that Fruitland Park will be Community Development District 11, so they will also have a bond.

No, the homes were going to start in the $200,000 range. I remember.

[QUOTE=dotti105;1052762]I just checked out some homes on the Villages website and there are Designer Homes listed in LaBelle starting in the $220's. I was shocked! So much for our rapidly increasing equity........[/QUOTE]


If we want "rapidly increasing equity", or even just to protect all of our investments, we must on this forum;

Quell rumors.

And correct incorrect information.

Every day.

Janmcn said 500K at least twice. Here is the only link I could find saying that... and it was from thevillagesfloridabook.com.

http://www.thevillagesfloridabook.co...ruitland-park/ I read it last night in a link from The Fruitland Park News and can't find it this morning.

[quote=graciegirl;1052850]That would kill TOTV