Sarasota, FL (PRWEB) March 05, 2013
Sarasota Bay Real Estate recalled that golf links tied with residential developments proliferated in Florida—particularly in the Sarasota, Naples and Orlando area—during the last two decades or so, mirroring a U.S.-wide trend. It was estimated that 40 percent out of the 3,000 new golf courses built across the U.S. from 1990 to 2003 were linked to residential communities. This percentage was substantially higher than the level in the previous decades when just 18 percent of golf courses developed had residential components. This property development strategy largely stemmed from the rapid growth in the popularity of golf in those years and a foreseen home demand from retiring baby boomers who grew up playing the sport.
The developers’ market expectations, however, didn’t fully materialize, resulting in a surfeit of golf communities during the housing boom, a situation that was exacerbated when the real estate market crash occurred around the mid-2000s. Subsequent years also saw waning in the interest in golf, further depressing demand. Figures from the National Golf Foundation showed that golf players have declined in recent years to around 9 percent of the total population from 11 percent, a trend that led to a downward spiral in country club memberships.
Golf communities, nonetheless, remain superb neighborhoods to live in, Sarasota Bay Real Estate maintained. For one thing, the realty firm noted, country clubs have been reinventing themselves to provide added focus on non-golfers and attract more members and thus also entice prospective residents.
The Founders Golf and Social Club in eastern Sarasota County, for instance, has reduced its membership fees, and is organizing more diverse social and casual events. The club is also now hosting yoga and exercise classes, as well as a tennis program. Following these efforts, the country club has realized a 15 percent increase in its membership.
Enticing home choices at mid-range prices
There’s a sprawling 4,250-square-foot home in the Founders golf community which is currently on the short sales list. This five-bedroom residence was constructed in 2007 and has a base price in the high $700s.
For home options at significantly reduced prices, the Bobcat Trail in North Port between Sarasota and Fort Myers offer some choices in the mid-price range. A two-bedroom residence in this golf community with a floor plan of 1,800-plus square feet is now in the market with an asking price a shade below the $200s. There’s a three-bedroom option too with a floor area of 2,850-plus square feet with a reduced price tag in the mid-$300s.
For another alternative, the Bent Tree Country Club just off Bee Ridge Road in Sarasota has one offering. The asking price of a short-sales listed property at this community has been reduced to around the mid-$200s for its 2,838-square-foot floor area featuring four bedrooms and three baths.
About Sarasota Bay Real Estate
Sarasota Bay Real Estate is a full service real estate brokerage in Sarasota Florida owned by Sarasota real estate broker, Christina Miller, and marketing professional, Roy Hunter. Together they, and their team of well-experienced agents, provide the best-in-class real estate marketing services for the properties in the company’s inventory.
Sarasota Bay Real Estate Internet assets receive more than 1,000 visits from perspective home buyers a day due to the wealth of local community information published by the company. Through a direct feed from the Sarasota MLS, Sarasota Bay Real Estate publishes the most current real estate information on the Internet for the Sarasota, Florida, market.
Contact information for Sarasota Bay Real Estate can be found at SarasotaBayRealEstate.com