[Normal]

Originally Posted by golfing eagles

Colony was there as early as 2007-09. Pine Ridge was built about 2015-16. When Colony was built, BV between Seabreeze and 466A was a dirt road.

Great advice, buy now, then wait 10 years to move in maybe?

Yes, Dabney is isolated and I love it. Except for shopping. There’s no traffic, it’s quiet. I drove up to the northside near Wildwood and it was crazy up there.

[Rainger99]

Originally Posted by DrMack

We bought and built in Dabney, it looks long term for isolation. The only movement we see anymore is contractor trucks. Your answer, it IS to far from most things. We will look to sell in about 11 months. That’s how long you need to keep the home if you buy. Our eyes are now on a condo in Clearwater.

I think you only have to wait 11 months if you make a profit on the sale. There are so many new homes still for sale in Dabney that I doubt people will buy a pre-owned home for more than a new home - especially when they should be selling new homes in Eastport in less than 11 months.

My purchase agreement said:

Buyer agrees not to sell, convey or transfer the property for a period of one year following the closing of this transaction. In the event buyer sells, conveys or transfers the property during this period, then buyer agrees to forfeit any and all profits from such a sale to the Seller. Profits shall be defined as the gross sales proceeds from any sale during the no sale period less the gross purchase price of this transaction.

As I read that (and I am not a lawyer), if you bought a house for $500,000 and made $150,000 in improvements and sold it for $800,000 in the first year, you would lose the entire $300,000. You wouldn't get credit for any improvements and your gross purchase price would take into account any closing fees such as real estate agents, lawyer fees, etc.!

[kansasr]

Originally Posted by golfing eagles

Clearwater??? Enjoy the traffic (ie: parking).

Clearly you haven't been on Morse heading towards FL44 or tried parking in Magnolia Plaza lately!

[frayedends]

There is a resale house in Lake Denham that was listed recently for something like $865. I believe it was originally sold about $640 in August of last year. Not sure how they are getting by the 1 year issue unless it doesn’t close till then. No pool was added and not a lot of upgrades were visible on the outside nor inside from the listing pics. It’s 2274 sq ft. Never lived in as far as I can tell. It’s already under agreement and I was very surprised. I thought there was no way they would get that much. It went under agreement quick so I assume they got close to asking. View/preserve sites are apparently already profitable even while interior homes are being discounted.

Homefinder - The Villages(R) Homes and Villas for Sale

[golfing eagles]

Originally Posted by kansasr

Clearly you haven't been on Morse heading towards FL44 or tried parking in Magnolia Plaza lately!

Yes, I have. Nothing like Rt 19 St. Pete--->Clearwater. And certainly nothing like the LIE at rush hour

[Normal]

Originally Posted by golfing eagles

Yes, I have. Nothing like Rt 19 St. Pete--->Clearwater. And certainly nothing like the LIE at rush hour

Traffic here up by 42 and 441 and traffic on 75 towards Ocala can get pretty bad. But the traffic on 19 from 7-900 in the morning and 430-6 in the afternoons is horrid. The rest of the time the road isn’t that bad. If I can I’ll pass on the 19 from Newport Richey down to Tampa I do. The Suncoast tollway is better. I think the 54 is worse from Wesley Chapel to Trinity. Clearwater beach is a little better than the city of Clearwater though.

[MarioNappa]

Originally Posted by MrFitness

I will be visiting in 2 weeks and will likely purchase a Patio in either Dabney or Moultrie Creek. I can save about $30k in Dabney when considering bond. Maybe more when considering future costs of building materials if I wait even longer.

For those who purchased in the newer sections (Lake Denham, Dabney); does the drive north get old ? Are you worried that you will feel cut off as new development goes south on the other side of the turnpike ?

I've seen some people state they think another cart connection will be built (maybe CR470) in the future. Aside from Lake Denham and Dabney residents, who would that really benefit (so why would they bother building it) ? Is more development going to happen south of Dabney north/east of the turnpike ?

The Villages purchased land south of Dabney and north of the Turnpike so we can assume that they will build on it at some time. If you look at the agenda packet for the Feb 12 meeting for the Leesburg City Commission, you will see in it maps for Secret Promise and this other section of land north of the turnpike that will be incorporated into TV in May.

There are also plans to widen Rt. 470 from the Sumter-Lake County line to route 27, but there is no indication whether that will include a golf cart lane or even two additional lanes over the turnpike. The cost estimate seemed too low for that, but plans may change to include widening of the bridge. Since Central Parkway now does not have a golf cart lane, it is not likely to have one over the Turnpike.

Dabney will have TV to the northwest, west, and south, but there will never be TV to the east since that land is mostly developed. You have to decide if that's a good or bad thing. You will be very close to the Turnpike and access to towns south and east and also only 45 minutes from the airport. You can easily escape the bubble from Dabney; you just have to decide how important that is to you.

[JMintzer]

Originally Posted by Altavia

What was it like in Pine Hills/Pine Ridge in the beginning?

Some of that area is 8+ mi from Sumter/Brownwood.

Was Colony Plaza already there?

Try just under 6 miles (to Brownwood) to just over 6 miles (to Lake Sumter), from the farthest point on Moyer Loop...

[kansasr]

Originally Posted by MarioNappa

The Villages purchased land south of Dabney and north of the Turnpike so we can assume that they will build on it at some time. If you look at the agenda packet for the Feb 12 meeting for the Leesburg City Commission, you will see in it maps for Secret Promise and this other section of land north of the turnpike that will be incorporated into TV in May.

There are also plans to widen Rt. 470 from the Sumter-Lake County line to route 27, but there is no indication whether that will include a golf cart lane or even two additional lanes over the turnpike. The cost estimate seemed too low for that, but plans may change to include widening of the bridge. Since Central Parkway now does not have a golf cart lane, it is not likely to have one over the Turnpike.

Dabney will have TV to the northwest, west, and south, but there will never be TV to the east since that land is mostly developed. You have to decide if that's a good or bad thing. You will be very close to the Turnpike and access to towns south and east and also only 45 minutes from the airport. You can easily escape the bubble from Dabney; you just have to decide how important that is to you.

The Developer does own about 500 acres south of Dabney/Lake Denham and east/north of the Turnpike under the name RAPID INFILTRATION BASIN INFRASTRUCTURE & TRANSMISSION LLC. One only knows what they plan to do with this.

The "Secret Promise" purchase that you refer to is actually on the other side (west/south) of the Turnpike and abuts all of the Developer property on the Sumter County side. No need for any additional bridges or tunnels to access this from the rest of the Villages.

[Normal]

Buying in Dabney would be one of the dumbest real estate moves ever. If you want to move to the Villages, hold off. The real estate location is the worst.

[frayedends]

Originally Posted by Normal

Buying in Dabney would be one of the dumbest real estate moves ever. If you want to move to the Villages, hold off. The real estate location is the worst.

What are you basing this on? I just posted an example in lake Denham of a 200K profit in under a year.

[CarlR33]

Originally Posted by frayedends

What are you basing this on? I just posted an example in lake Denham of a 200K profit in under a year.

It was a Debbie Downer post from a real estate investor trying to capitalize, LOL

[Rainger99]

Originally Posted by frayedends

There is a resale house in Lake Denham that was listed recently for something like $865. I believe it was originally sold about $640 in August of last year. Not sure how they are getting by the 1 year issue unless it doesn’t close till then. No pool was added and not a lot of upgrades were visible on the outside nor inside from the listing pics. It’s 2274 sq ft. Never lived in as far as I can tell. It’s already under agreement and I was very surprised. I thought there was no way they would get that much. It went under agreement quick so I assume they got close to asking. View/preserve sites are apparently already profitable even while interior homes are being discounted.

Homefinder - The Villages(R) Homes and Villas for Sale

It was originally bought on July 24, 2023.

According to the website, closing to take place after July 25th.

[Rainger99]

Originally Posted by frayedends

What are you basing this on? I just posted an example in lake Denham of a 200K profit in under a year.

From looking at the Villages' website, it appears that almost all of the view sites in Dabney have been sold. The problem is properties that are not view sites. The demand for them seems to have slowed.