On the island of Kiawah in South Carolina, a selected number of houses is seated on a golf course and A … (+)
Like golf itself, the landscape of golf real estate experiences a renaissance, driven by a perfect storm of factors that extend far beyond the traditional attraction of a lifestyle of links. While the sight of houses along the Fairways will probably not excite most golfers in the middle of the round, the dream of having goods alongside a course or in a residential golf community is extremely at high demand.
This resurgence is obvious in golf communities across the country, from the coastal shores of South Carolina to the country of the hills of Texas and the Hawaiian islands.
Take the island of Kiawah, where 2024 marked the most successful year in the history of the holiday island, with more than a billion dollars in total sales volume in 447 transactions, even exceeding the peak of The era coche in 2021. The average sale price reached $ 3.8 million, with 20 houses sales exceeding $ 5 million on the island of Kiawah, which has five resorts and two private provisions, one third on the way.
“The continuous strength of the real estate market on the island of Kiawah solidifies our conviction more than the desire to be part of this exceptional community is much more durable than a cyclic trend,” explains Chris Randolph, director of South Street Partners.
Real estate sales on Kiawah Island All previous real estate files in 2024, with more than a billion dollars … (+)
Fundamental change
A key element at stake is a fundamental change in the way people see these communities.
Rob Duckett, president of operations at South streetobserved a significant transformation of residential models. “There was this migration to these package communities, and Covid increased demand,” said Duckett, pointing to an example towards Palmetto Bluff in South Carolina. % to 40% only five years ago and from 20% when opened.
Palmetto Bluff opened a short reversible course called Crossroads at the beginning of 2024 and more recently Plans revealed For a new 18 -hole lesson designed by Bill Coore and Ben Crenshaw which will anchor the third village in the community. The new offers could help Palmetto Bluffe to exceed what was a record year in 2024, with more than $ 384 million in sales, just $ 7 million from the historic total of the community in 2021.
May River’s course at Palmetto Bluff, which recently added a short course (Carrefour) and … (+)
And the trend extends far beyond the south-east of the United States
While the prestigious Enclave Enclave from South Carolina of Kiawah Timbers has been sold since 2021 due to increased demand – with northeast buyers in particular in search of golf all year round and other outdoor activities – Timbers Kauai In Hawaii, record sales due to new offers. This ranges from shared property interests in the Hokuala private residence club to full property residences in Timbers Kauai and vacant lots in a new subdivision for families to build a dream house on the island of the garden.
Most recent Laola nani Luxury row houses along the 15th signing hole of the ocean course designed by Jack Nicklaus, which traces the coast of Ninini bay, varies from $ 6.1 million to $ 7.5 million.
An interior view of the Laola Nani residences which are along the Fairway of the Oceanic Course at … (+)
Prices have “gradually increased in all areas in all offers,” said Debbie Edgerton, senior sales director at Hokuala Real Estate, who attributes this success to more than golf equipment. “Buyers really like the community and the” ohana “sensation of Timbers Kauai. to the property. »»
On the big island of Hawaii, the residential community by the sea of 1,260 acres of Hokuli’a on the Kona coast has also experienced its strongest year to date, with an average selling price of 4 to 6 Millions of dollars. Not far from the recently renovated Jack Nicklaus signature course, Hokuli’a launched new real estate options which include 20 plots by the sea that the price authorization of $ 4.25 million at 7.5 million Dollars and come with agricultural easements for owners to plant crops such as fruit or coffee.
Evolution of golf communities
The evolution of these communities is illustrated with Reynolds Lake Ocone In Georgia, a real estate property of 12,000 acres in halfway at Atlanta and Augusta.
Reynolds has seven courses, four of which are open to the public game as well as to the guests of the ritz-carlton surprise. The other three, including the Newly open Richland Of course, are private options for some of the 4,000 families of community members.
“We have seen almost a complete reversal of our members in a demographic and psychographic manner in the past 10 years,” said Dave Short, main vice-president of sales, marketing and strategic planning. “It was not the 65 -year -old guy who found GM after 30 years who wants to play six days a week. It is their permanent place.”
The New Richland course in Reynolds Lake Ocone is the most recent in the vast lake station … (+)
In Texas Hill Country, real estate development of golf and lake Horshoe Bay continues to grow and develop, with $ 350 million from new recently updated equipment.
The prices of the sale real estate in Horseshoe Bay increased by 12% in 2024, the offers covering a wide range, condos of the waters which have been sold for more than two years to a new luxury development called attentive Hill who is in a founding campaign. There are 92 homesites in the 24 -hour guard community, each including a subscription during private rock of the Horseshoe Bay Club which is estimated at more than $ 200,000. The design of Jack Nicklaus is the course reserved for members of the community which also has three resorts designed by Robert Trent Jones, Sr.
Stacey Persinger, director general of members of the Horseshoe Bay club, said that the sharp increase in interest is mainly motivated by urban professionals and families seeking a stay of the congestion of urban life. Rather, they continue a full lifestyle that mixes luxury with leisure and natural beauty.
The community of Horseshoe Bay in Texas Hill Country has four golf courses, including three Robert … (+)
A stay of city life
“But it’s more than equipment – it’s a change of lifestyle,” said persinger. “More people are negotiating city stress for the tranquility of the country of the hills, not only looking for a getaway but a community. The Horseshoe Bay club Responds to this request with a robust social scene, an exclusive dining room and a dynamic and active subscription. »»
About half an hour in the east, the Loraloma Private Club and the domains outside Austin have recently unveiled 29 homesites along its new course designed by David McLay Kidd, its first in the south of the United States , these fill sites, at the price between $ 1.13 million and 1.83 million dollars, reflect more approaching approach to the development of GOFL current golf than boom years in the 1990s and the early 2000s .
According to the National Golf FoundationAlthough the development of the American golf course remains limited compared to the previous decades, the construction of new routes has been at its highest levels for more than a decade. Among the prices under construction or planning, 42% have a housing component – in particular higher than 25% of the Golf Golf offer global linked to real estate.
The impact on the value of the properties is significant, NGF’s research showing that houses on golf courses are experiencing an average bump of 15% of the value of the property.
Florida leads the nation to golf communities, with more than 500 residential golf developments, followed by California, Texas, Arizona, North Carolina and South Carolina.
Among the most recent real estate golf offers in the state of Sunshine is Cabot citrus farmsA Four dishes destination This has a limited number of golf chalets by two and four bedrooms as well as a next selection of two -story fairway houses. Prices start at $ 1.8 million for chalets, which are grouped in a small district between lessons near the main club house which is under construction and $ 3.7 million for fairway houses which are located near of 10th Perch lesson hole.
The Cabot Citrus Farms golf chalets start at just under 2 million dollars for the 2 -bedroom version.
This new era in the interest of residential golf and the new development reflects wider societal changes: increased flexibility in the workplace, a renewed appreciation for outdoor leisure and a desire for community connection in the post-payance world .
Although these communities extend to seasonal pensions in paradise all year round, they continue to attract older golfers with more time, money and inclination to engage with the game as well as A more diverse and younger demography. The common point is that everyone is not only looking for a place to play golf, but a full lifestyle that balances leisure, social commitment and freedom to work from anywhere.