[DougB]

Originally Posted by dotti105

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........

C'mon Dotti, you seriously have nothing else to worry about?

[Gordon82]

Originally Posted by Bonanza

What am I not understanding?

What does Community Development District 10 have to do with not having a bond? How can Fruitland Park have a bond all of a sudden, when up to this point (before TV started builting there), they never have permitted a bond?

I thought it was the county, not the CDD, that determined if there was a bond or not. Fruitland Park is in Lake County I believe, and that would be the reason it does not have a bond if that is the case. Sumter County has bonds, so any home built there would have a bond.

[graciegirl]

Originally Posted by Gordon82

I thought it was the county, not the CDD, that determined if there was a bond or not. Fruitland Park is in Lake County I believe, and that would be the reason it does not have a bond if that is the case. Sumter County has bonds, so any home built there would have a bond.

Not ANY home. That is how The Villages market their homes and Sumter County allows it. The Villages make up a large part of Sumter County. Some would say they control Sumter County. Works for me.

[Villager Joyce]

[quote=graciegirl;1052850]

Originally Posted by dotti105

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.

Does this mean I can no longer tell people we have alligators in the swimming pools, mosquitoes so big they need landing lights, and we are only 10 minutes from a beach?

[looneycat]

[quote=Villager Joyce;1052859]

Originally Posted by graciegirl

Does this mean I can no longer tell people we have alligators in the swimming pools, mosquitoes so big they need landing lights, and we are only 10 minutes from a beach?

well I have not been bitten by a mosquito in the 8 years here, and we are about 35 minutes from gulf coast 'beaches', the alligators on the other hand......

[dotti105]

Jayhawk, you did more research than I. I just looked at inventory starting at the lowest prices and was surprised to see several LaBelle homes in the bottom range.

Like others, I was not sure where the line is between Fruitland Park and LaBelle.

Not trying to be "Chicken Little", but simply surprised that designers were priced so low in the new areas of construction.

[kstew43]

Originally Posted by dotti105

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........

actually you can get a Jasmin for $214...... and a court yard 2/2 for $185........ that just might be why the resales are not selling...you can buy new cheaper....and LaBell does have a bond they are not in Lake County.

[CFrance]

Originally Posted by kstew43

actually you can get a Jasmin for $214...... that just might be why the resales are not selling...

The Jasmine is very small compared to other designer models--1576 sq. ft. of actual living space. The master bath and closet are very much smaller than most designers.

The area quoted is not in Fruitland Park. The developer never said designers outside of FP would be $500K. And it is true that there are no bonds in FP, so the bond would be built into the price of the house.

But everything is driven by what people will pay. We shall see what designers sell for in FP after they've been on the market for a bit. I think it is a nice area, being off to the side yet close to shopping. I wouldn't pay $500K for a designer, but that is just what the developer told FP when making their proposal. The final price could be less.

[Dr Winston O Boogie jr]

[quote=looneycat;1052916]

Originally Posted by Villager Joyce

well I have not been bitten by a mosquito in the 8 years here, and we are about 35 minutes from gulf coast 'beaches', the alligators on the other hand......

What Gulf Coast Beach do you go to that is only 35 minutes. Every time we got to one it's a two hour drive.

Never been bit by a mosquito in three years and have only seen one alligator.

[dbussone]

Originally Posted by Bonanza

What am I not understanding?



What does Community Development District 10 have to do with not having a bond? How can Fruitland Park have a bond all of a sudden, when up to this point (before TV started builting there), they never have permitted a bond?

Lake County does not permit the sale of bonds by the developer, while Sumter does.

[Jayhawk]

Dr Winston O Boogie jr wrote - What Gulf Coast Beach do you go to that is only 35 minutes. Every time we got to one it's a two hour drive.

Never been bit by a mosquito in three years and have only seen one alligator.

Crystal River gulf beaches are about 35-40 miles from Brownwood.

Two Florida Beaches near Crystal River| VisitFlorida.com

[janmcn]

Originally Posted by dotti105

Jayhawk, you did more research than I. I just looked at inventory starting at the lowest prices and was surprised to see several LaBelle homes in the bottom range.

Like others, I was not sure where the line is between Fruitland Park and LaBelle.

Not trying to be "Chicken Little", but simply surprised that designers were priced so low in the new areas of construction.

No homes in Fruitland Park are on the market yet, according to The Villages website. There will probably be an announcement in the paper once they become available.

[Waverunner]

Community Development Districts are allowed by Florida law. (Not a county by county regulation.) There are other existing non-Villages Community Development Districts in Lake County. The Florida law (I recollect) came about sometime in the early 80's. According to John Rohan, the section of The Villages that is known as the historical section, began development before this law came about, and before The Villages knew enough about what they were doing in this area. This is why TV does not have an existing CDD in Lake County. He specifically said that the Fruitland Park development in TV will be CDD 11.

[yabbadu]

Originally Posted by dbussone

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

LaBelle is not part of Fruitland Park.

That being said if you are driving west on 466A you will see they are buiding homes in the NEW Fruitland Park area at the far east end of the new development. They are Vinyl and Stucco. Also, there are Courtyard Villas being built. Have not read if this is going to be the lower priced models in the Fruitland Park development.

[JoMar]

I believe that CDD's do not equal bonds. One is a form of government, the other a form of financing. You can have either with the other.