Middleton - Are The Homes Selling?
 

I took a drive through Middleton. It seems like the home construction and home buying are stagnant. I saw very few residents at the park and on the walking trail. Seems like a ghost town. But, the apartment buildings and Beaumont look to be nearly sold out. I don't get it! Do you think maintenance-free living is the reason? Prices of homes too high? Do they have to pay a bond in Middleton? No interest in frame house construction? Or, just my imagination?

The houses look nice. However, the prices are quite high especially with the current interest rates.

If you add in taxes and insurance, most people in their 20s and 30s cannot afford buying there.

Is the Villages’ bank giving out preferred mortgages?

Here’s my understanding (and please correct me if I’m wrong) - Middleton is being built for the families of people who work within the confines of The Villages. It is not open to families where both parents work outside of The Villages. Though there are some decent paying jobs for workers within The Villages, I would guess most service-level workers within The Villages do not earn enough to qualify to secure and make the necessary mortgage payments to live in Middleton. Those earning minimum or slightly above minimum wage will probably need to continue to rent at apartments slightly outside the bubble.

I am sure the developer did a lot of research into who would be their “target” buyer within Middleton, and thus building homes they feel will sell to this audience, I was just thinking that Middleton will only offer housing to just a certain segment of the overall Villages workforce. Curious what is the size of that segment?

How Many Are Done
 

I’m glad to hear some have moved in, but just because we see 300 roofs doesn’t mean 300 homes are ready for occupancy. The build out does take some time.

Anyone can buy in Middleton regardless of where they work. However, one of the parents must work for The Villages in order for their children to attend the schools.

What if the person/s that own the house decide to no longer work for The Villages - will they have to sell ? Is there a time frame before "eviction" ? Do they get to set the selling price ? etc I thought I read somewhere anyone can buy in Middleton. It is simply removing the age restriction requirement. A good example is a grandparent as a custodian of a grandchild under 19 yrs old.

All good questions, and I’m sure many more questions will arise about Middleton. Will they have deed restrictions (my guess is yes), and if so, how will they read, and how will they differ from the other deeds restrictions within the other CDDs? Time will tell.

The scenario won't happen because you don't have to work for TV to buy there.
As stated in the post above, anyone can buy there.

currently there are only 7 spec houses available. They’ve been selling. I’m always on their website looking at the houses. It’s easy to see what’s selling and what’s not on their website. Under search for homes.

Just check the tax assessor website

More than just working “ for the Villages”.


The Villages of Lake-Sumter, Inc. as a business partnership charter school primarily for the benefit of the children of employees of The Villages of Lake-Sumter, Inc. and those Business Partners who have in the past and continue to participate in the development of The Villages.
Source, The Villages Charter School, web site.

People can see what's available here along with the cost:

(Click on the map in the circle on the lower right)

Homefinder - Middleton

The operational requirements are the same as in the age restricted Villages: bond, amenity fees, deed restrictions, taxes, etc.


Lifestyle - Middleton

I have been through the neighborhood on a couple of Sundays. When we were there the open houses were slammed with people looking. There were good crowds at the pool both times and obviously people who have moved in. It does seem the developer is taking their time and more vacant lots in a neighborhood than what we see in the 55+ neighborhoods. I am sure the developer knows what they are doing and have done extensive research in what the families want. This is a big change for the developer and it probably makes sense to take their time.