[Bonanza]

I just read where Gov. Rick Scott has approved funds for the widening of 466A -- specifically the three mile stretch bordering the new Villages of Fruitland Park.

A quote from the article read:

The Villages will be paying for CR 466A improvement
on the end by its new development."

I wonder if any of these "Villages" costs will be borne by the new residents of the Fruitland Villages, and if any of those monies will be included in their bond. If that be the case, I wouldn't be surprised. We've paid for all the other infrastructure here.

[billethkid]

the bond is for infrastructure!

[njbchbum]

Lake County homes at present do not hatv a bond. Will the new homes in Lake COunty have one?

[janmcn]

Originally Posted by njbchbum

Lake County homes at present do not hatv a bond. Will the new homes in Lake COunty have one?

No bonds will be attached to the new homes to be built in Fruitland Park. All the infrastructure costs will be rolled into the price of the homes. That is why designer homes will start at $500,000, CYV's will be in the $200,000's, and the sky is the limit for premier homes.

[glgene]

Originally Posted by janmcn

No bonds will be attached to the new homes to be built in Fruitland Park. All the infrastructure costs will be rolled into the price of the homes. That is why designer homes will start at $500,000, CYV's will be in the $200,000's, and the sky is the limit for premier homes.

Are you sure designer homes will "start" at $500,000? Are the lot sizes larger, or what?

[janmcn]

Originally Posted by glgene

Are you sure designer homes will "start" at $500,000? Are the lot sizes larger, or what?

That's what has been reported. I couldn't find the exact thread. If you do a search at the top for Fruitland Park development, you will find several threads on this topic. Of course, this is all subject to change depending on how well they sell.

[mulligan]

Not larger lots. No bond. Bonds not allowed in Lake county, so the infrastructure costs are included in the house price.

[e-flyer]

$20-30K for the typical Bond to cover infrastructure vs. $200K and higher infrastructure charges on the Village of Fruitland Park new designer home….wow, I'll take the Bond. Something just doesn't jive???

[graciegirl]

We are very good at reporting rumors and unsubstantiated information on this forum. I have found that wait and see is a good idea. When they sold the cottages previously used for lifestyle visits on Lake Sumter near the square they priced them too high and had to reduce them to sell them.


They are certainly going to get as much out of the new homes built in the new area as they can, that is business, but their consumer group are savvy folks too. It has to be some of the most desirable real estate in the country, being the last new homes to be built in the fastest growing area in all of the U.S.


THAT won't harm any of our home values. Nice to see them go up instead of down as has been the situation for several years throughout this country.


We will see, we will see. Part of the fun of this place.

[ssmith]

I heard it from more than one realtor while we were there in April, that the new homes would be 500k.

:-( we soon will not be able to even consider moving there cause once the Developer starts charging that then the existing homeowners increase their prices too. I don't blame them....but we really are holding on by a thread to be able to move there some day. Thant;s what we get for living within our means LOL!!

[SoccerCoach]

Gracie, love your post. So refreshing to see a "wait & see" approach. Sound business practice is sound business, and it comes through experience. I feel the Morse family fully understands. Let's just sit back and watch the wonders appear.

[dewilson58]

Originally Posted by e-flyer

$20-30K for the typical Bond to cover infrastructure vs. $200K and higher infrastructure charges on the Village of Fruitland Park new designer home….wow, I'll take the Bond. Something just doesn't jive???

I just got a quote to move my house for $50k.

Good bye Pinellas, hello Fruitland Park, hello $150k profit.

[mulligan]

I'd be willing to bet that you'll see some new model designers and villas that will justify the new pricing. In addition, the new home construction won't start 'til after the first of the year, so several price increases will have occurred.

[slipcovers]

There a currently over 500 new and used DESIGNER homes for sale on The Villages.com real estate. Not counting MLS listings. Many have been for sale for 6 months or more. Adding another 2000 doesn't seem to make sense. Villas seem to sell fast and are very popular to snowbirds, but I hear they are not building anymore. Something is wrong with this picture, or am I way off? Bigger houses, large lots= less people= crowd control.

[Bonanza]

Originally Posted by graciegirl

We are very good at reporting rumors and unsubstantiated information on this forum. I have found that wait and see is a good idea. When they sold the cottages previously used for lifestyle visits on Lake Sumter near the square they priced them too high and had to reduce them to sell them.


They are certainly going to get as much out of the new homes built in the new area as they can, that is business, but their consumer group are savvy folks too. It has to be some of the most desirable real estate in the country, being the last new homes to be built in the fastest growing area in all of the U.S.


THAT won't harm any of our home values. Nice to see them go up instead of down as has been the situation for several years throughout this country.


We will see, we will see. Part of the fun of this place.

Gracie . . . Seeing how Morse just seems to go on and on, I can't believe that the new Fruitland Park development will be the last in the area that he will be doing.

Although it isn't The Villages, just look at that huge parcel just south of 466 on the west side of 301 with which he's currently involved.

I see other close-by large parcels of land for sale and see dollar signs in Morse's pupils.

Yup -- we just have to play the wait-and-see game. I just hope the counties involved can keep up with their part of the infrastructure which seems to be slow in happening and at a snail's pace when they finally begin.