Fore! Today's Golf Course View May Be Tomorrow's Back Of House View
More and more, it's tough to be a golf course, especially those placed in prime residential turf. Between a glut of area courses and tighter wallets over the last few years, black ink quickly became red ink, and prospective golf course operator buyers are scarce. On the other hand, home developers looking for land AREN'T scarce. Mason's Crooked Tree community is just the latest area community to wave goodbye to the premium paid for views of rolling greens and duffers.
When Crooked Tree Golf Course shut down last year they hoped to preserve the golf course, but there were no takers. However, with prime buildable land in Mason School District scarce and demand for Mason new construction homes high, it's obvious why the appeal is strong for developers! And that's the current plan, hundreds of homes to replace the fairways and greens of Crooked Tree golf course (and this isn't the first golf course & community to suffer a similar fate).
Obviously, the existing residents of Crooked Tree aren't happy about the plans. Hearings will be held, there will be arguments to stop the development due to increased traffic, decrease in property values, etc. Frankly, at best, we expect the residents may be able to delay the development, perhaps even get a few concessions from the builder. But we don't think this new construction freight train will be stopped. It's capitalism at work. Supply and demand.
So be forewarned, ANY time you buy a home for the view, especially when you're paying a premium for that view, you need to consider, can the view disappear? Views controlled by private ownership are always subject to change.
Serving Mason home buyers and home sellers,
Liz and Bill aka BLiz
Serving Warren County Ohio & Adjacent Areas
The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747
William (Bill) Spear, CRS, Ohio License SAL.2004011109 Kentucky 77938
Ask for us by name if you visit the office!
Two locations: Lebanon & Mason, OH
Bill Direct: 513-520-5305
Liz Direct: 513-265-3004
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Our Website: www.LizTour.com
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