What do developers who buy the land around the golf course?
Golf course developers who buy the land around the golf course they build are attempting to: internalize external benefits. Which of the following is true? If average total cost exceeds marginal cost, then average total cost is decreasing.
Are golf courses the best way to re-develop South Florida’s property?
South Florida’s booming housing market has left developers hard pressed to find plots large enough for single-family home developments, making golf courses an optimal option to re-develop.
Why are so many golf courses being converted?
Another reason golf courses conversions have picked up in recent years is due to upkeep costs, explained Jeff Lichtenstein, real estate agent and founder of Echo Fine Properties in Palm Beach Gardens. Sometimes selling is a more attractive option than maintenance.
Can a golf course become a single family home development?
Not all courses end up becoming single-family homes developments. Cities in South Florida have instead re-developed some golf courses into parks, like the former Sunset Golf Course, where the city of Hollywood bought the golf course to prevent it from becoming a campground and instead try to convert it to a nature park.
Who is the chairman of the subdivision golf course committee?
As Chairman of the subdivision’s golf course committee, Rose said some of his neighbors are trying to keep the land from being developed all together, even petitioning the city to try and buy the land. However, he believes that is likely a long shot.
How much did the Volusia County property sell for?
According to the Volusia County Property Appraiser, it was sold back in April to developers for $2.6 million. Rose said although it was a shock to him and his quiet neighborhood, it should not have been.
