Talk of The Villages Florida - The Villages purchase another 900 acres

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Quote:

Originally Posted by HandyGrandpap (Post 2201234)

This will be a game changer for those of us in TV's. The value of propertty/home values $$ are function of supply and demand. The supply side appears that it will not stop for many years. ...

,

I agree with your second and third sentence, however not with your first sentence. This isn't a "game changer". This is a continuation of the same game they've always played.

One of the aspects of owning a place in TV that I wrestled with for several years was the fact that if I wanted to sell some day, I would in essence be selling in competition with the developer. Eventually I wrapped myself around that reality, accepted it, and did what I wanted to do, figuring I could survive a "worst case" scenario, that likely wouldn't be all that bad anyway.

At my stage in life, I will do what I want if I can afford it, and not worry about where the chips will fall in a decade or two. I think we'll be OK.

Plans for the new land acquisition could also include retail, commercial, or non-age restricted housing. Non of that would require connectivity to The Villages age restricted area. It's all speculation.

After reading TOTV for years, the developer finally bought land for a Villages COSTCO

The Morse family is doing it right! It’s exciting to see the growth.

Quote:

Originally Posted by westernrider75 (Post 2201344)

According to the article the property is about one and a half miles from the property owned in Lessburg!

AKA the new walking trail

Quote:

Originally Posted by jimkerr (Post 2201391)

The Morse family is doing it right! It’s exciting to see the growth.

Totally agree, it's fun to be part of it.

Joe

It’s an exciting time to be part of The Villages for sure - as a younger retiree, I can’t wait to watch as all the new development unfolds over the next 20-30 years.

Translation (for at least some who object): "I have my little slice of heaven, now slam the door shut!"

Quote:

Originally Posted by Two Bills (Post 2201267)

Maybe an upmarket, real gated community.

I’d be interested. Tired already of surrounding communities mooching off our multi modal paths, courts & pools. Maybe it would have a no short term rental clause too! That would be perfect. Guess I am dreaming…

Do like the idea of a separate Villages II concept. Can only wish.

Quote:

Originally Posted by HandyGrandpap (Post 2201234)

This will be a game changer for those of us in TV's. The value of propertty/home values $$ are function of supply and demand. The supply side appears that it will not stop for many years.

Suspect there will not be a private egress physcial connection between the new purchase and TV's, other than public highway. The new purchased will be packaged as a new concept.
Suspect more land will be purchased to enable the new area to provide the growth (new homes) that supports $$ the family
Current parcel could support around 6,000 homes
Anticipate, guess, build out of TV (extraction of $'s for the family) to be completed ahead of the new concept as in the interim more land will be secured and infrastructure built out,

I suspect that the developer already owns a number of properties between this new purchase and The Villages. There is a lot of open land between the two. Highway 44, it seems, may indeed be our Mason Dixon Line between the Villages North and The Villages South. It will be a VERY long drive down to the bottom part by golf cart, and I don’t expect the 100,000 new residents to come to Spanish Springs for the music and dancing.

Quote:

Originally Posted by Altavia (Post 2201206)

The Villages developer buys 900 acres in Mascotte – GrowthSpotter

The Villages developer buys 900 acres in Mascotte

By Katie Sartoris
Growthspotter
Mar 23, 2023 at 11:12 am

The Villages could be planning another major expansion into Lake County — this time in the City of Mascotte.

The mega-retirement community, under the LLC Buffalo Hide and Cattle Company, bought land from real estate firm Maury L. Carter & Associates for $7 million earlier this month, according to Lake County property records. The 900-acre property sits west of State Road 33, South of Austin Merritt Road and east of Honeycut Road.

The Villages’ land purchase in Mascotte comes as the community is expanding, but it is unclear at this point what is planned for the property, as no plans have been submitted yet, said Max Spann, the city’s planner.

Daryl Carter, president of Maury L. Carter and Associates, confirmed that the property was sold and that he represented the seller and was the broker. He said he could not comment on the buyer or their intentions with the property.

According to the firm’s website, the property is currently zoned as rural residential and allows for one dwelling per acre, which would mean around 900 homes could be built. A rezoning would be required to build more homes at a higher density.

Currently, The Villages spans three counties — Lake, Sumter and Marion — and several cities including Fruitland Park, Lady Lake, Leesburg, Wildwood and Coleman. It’s the nation’s largest and fastest growing retirement community, boasting a population of more than 138,000. And it continues to climb.

In 2018, Leesburg sold about 1,200 acres to The Villages to build The Villages of West Lake. Plans call for more than 3,200 homes and a $100 million, nearly 250-acre mixed-use district, complete with a regional hospital. Construction started in August 2022.

The Villages’ newly purchased property in Mascotte appears to be about a mile and a half southwest of the property it owns in Leesburg.

The Villages is also building in Coleman and expanding further into Wildwood.

RCLCO, a leading real estate consulting group, named The Villages No. 1 in its list of the country’s top 50 master-planned communities. In 2022, the group reported, 3,923 homes were sold in The Villages, the most of any master-planned community in the nation.

That No. 1 spot isn’t new for The Villages, either. The community topped the same list in 2021, 2020 and 2019, with 4,004, 2,453 and 2,429 homes sold, respectively.

Appreciate all the detail. You obviously are on top of this. Pretty interesting. But these figures always throw me. So RCLCO says the Villages sold 3932 homes last year. Is that just new construction? Villages Realtors generally quote that they build about 1000 homes a month. So those numbers work But then they also sell a lot of resales, and MLS also sells a healthy number of resales. What does that 3932 actually represent? Thanks

Quote:

Originally Posted by kansasr (Post 2201202)

This purchase is not adjacent to any property the Villages currently owns and separated by a lot of individual properties that would have to be acquired in order to do so.

They probably already have their hooks in much of that land already, albeit owned under different land trusts. In Florida, it’s next to impossible to determine the actual “owner” of Florida land trusts. It’s how Disney did it…

Would anybody care if the XYZ company out of Dallas bought the 900 acres?

It will soon be 20 years here. Experiencing TV growing from 30,000 to 130,000. Has it affected our lifestyle? Yes.....it has become better. Once critical mass population achieved national brands started opening businesses here.

More traffic? yes....so what! Takes and extra 5 minutes out of a retired schedule....not a big deal.

T-times....never had a problem to date.

Crowded restaurants? Just go after the early birds....no problem.

The lifestyle we bought 20 years ago is still being enjoyed today!

Quote:

Originally Posted by jimkerr (Post 2201391)

The Morse family is doing it right! It’s exciting to see the growth.

I agree, everything they do is quality

Manifest destiny

Quote:

Originally Posted by tvbound (Post 2201307)

not really surprising, given that da family is getting larger, with ever so many more mouths to feed - and palms stretched out. It wouldn't even surprise me to hear that at some point in the not to distant future, that a large portion (all?) of the existing sprawl gets sold and they start fresh somewhere else (like in the area of this new purchase?).

As anyone who made it to upper management in a previous life knows, the larger the entity/responsibility, the larger the headaches and time/effort/attention suck. It's not out of the realm of possibility, that the elder morse children may have designs on wanting to totally retire themselves at some point and hand off what has proved to be a winning formula, to the younger generations...who can start all over in a different location.

As someone else mentioned previously though, makes no never mind to us as it will be our kids choice to sell or stay in what might be by that time, the 5th largest city in florida. Lol.

westward hooh