Posted on December 1, 2014 - 03:10 PM
by john kavazanjian
Real estate built on Golf courses with high equity membership buy ins and annual fees are selling at severe discounts to attract buyers. Here in Delray Beach the Seagate Hotel recently purchased the Hamlet golf course and club house so they could add to their Beach club, Hotel and market their services as a full amenity resort.
This has taken most of the price pressure off the homes in the Hamlet community. This was a win for both parties. Similar situations or opportunities do not always exist. So be careful when buying in these communities and make sure you want to play enough to make it worthwhile and what happens in the future if the land is not kept up and used for a golf course.
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