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you will never be home and sunsets are a reason to get outside and enjoy
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Thanks to all
Thanks to everyone for their opinions! We were up in TV on Monday and looked a number of homes. Have not pulled the trigger yet, but stay tuned. We do have the paralysis of analysis technique , but we settle on March 5, 2021 (some rent back) so they will throw us out soon......LOL
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Enjoy life
You should enjoy life purchase something you like and don't worry about it. if you can afford $500 to $700,000 for a house on a golf course. Then if they decide to develop it really doesn't matter if you lose 50 or 100,000 10 years from today because all your home values will have going up. And even if it doesn't you'll just sell and move somewhere else that's what people do in life. Meanwhile you have had 10 years of a great retirement. Welcome to Central Florida home of zero income taxes lots of golf and lots of golf carts
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It happened when we lived in Palm Coast. Matanzas Woods golf course was closed & it turned into weeds. I don't know what they did with the land. It happens quite often if there is no money to keep the course open.
They had 4 golf courses. When you joined your membership included all 4 courses. You paid one time initial fee. The courses were sold. They closed Matanzas Woods, another the City purchased & made it into a public golf course. Your membership was stopped. If you wanted to join a course you had to put down another one time initial fee. You never know. Housing developments with minimum 3 acres size can be turned into a townhouse complex just by changing the restrictions on the property. Look at a project as large as the pipeline just shutdown with an executive order. Quote:
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In the Leesburg area of Silver Lake, a Country Club and course closed a few years ago. There were nice homes around the course. It’s now a goat grazing area. It can happen. That said, I’m not saying that’s going to happen here in The Villages (not during our lifetime) and would take “book” on that.
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When we were young, many Boomers were too busy to golf. So many Villagers have taken up golf at retirement. IF the demand changes, it will be after we are gone. (don't forget all the "i can't get a tee time" threads) |
Idevelioer thinks in years to come it will decrease. Someone charted championship courses built north middle and south . The curve shows steady decline .
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If the value of a GC lot is $300,000 or so then What is the value of a Courtyard Villa Lot fronting on the Golf Course....with water...Does it matter if it is Championship or Executive?
Not many for sale between 466 and 44 |
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There are 2 CYVs for sale on a golf course lot between 466 and 44, one is $289K in Belvedere and the other $364K in Mallory Square. There are 2 between 466 and 42 and there is 1 below 44, that one is in McClure and has a 2 car garage and is $354K. |
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