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Rainmaker
545,213
Peter Mohylsky, SoWal Is HOME.
Gulf Place @ 30A - Santa Rosa Beach, FL
Let me help you find your path to the beach.

Interesting question, let me sleep on it and get back to you later this week

Feb 13, 2019 07:41 PM
Ambassador
3,148,366
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

This has happened in my area and there are both short & long-term effects - from impacting home values to massive HOA litigation. 

Feb 13, 2019 09:02 PM
Rainmaker
4,274,507
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Joshua,

That is a huge question, and no doubt will cause an effect...So many possibilites, and no doubt legal issues will pop up i the mess.  A

Feb 13, 2019 07:53 PM
Rainmaker
3,212,921
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Too many variables for a meaningful answer let alone one that is specific.  

Feb 13, 2019 07:36 PM
Rainmaker
2,936,322
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I don't know... I've never thought much about it or had any reason to look into this issue. But I would guess some major legal issues arise that impact the HOA/homeowners in a community.

Feb 14, 2019 04:26 AM
Rainmaker
1,387,013
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

We have a golf course in my town, with some very nice and expensive homes built there. I'd bet there would be multiple issues from those home owners, specifically. I'm not sure it would impact home values in the rest of the town.

Feb 14, 2019 03:29 AM
Ambassador
4,005,723
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

How often do these close?  Seems like if they were to that point the neighborhood may already be in decline.

Feb 13, 2019 08:38 PM
Rainmaker
603,240
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

HMMMM... I have a listing on the edge of a golf course that is under contract with a buyer who does not play golf so... I don't really see that it would impact this location at all.  Now a neighborhood specifically built as a golf community is most likely a whole other story. 

Feb 14, 2019 04:55 AM
Rainmaker
3,130,994
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Prices will decline until an alternative plan is implemented, but prices may never recover to operational golf course days!

Feb 14, 2019 03:30 AM
Rainmaker
724,804
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

None really from what I've seen in this area, but it could vary depending on the size and design of the golf course.

Feb 14, 2019 03:06 AM
Rainmaker
719,586
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

No idea. 

Feb 14, 2019 07:08 AM
Rainmaker
995,143
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

 Don't have a clue. 

Feb 14, 2019 06:28 AM
Rainmaker
2,413,880
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Values stabilize and then increase....No downsides if the city and the developer improve the areas that service it....

Feb 14, 2019 06:21 AM
Rainmaker
5,219,555
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Negative.

We have a couple of closed courses in our area.

Feb 14, 2019 04:53 AM
Rainmaker
2,925,064
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I have never seen a gold course close, but it could have a short term decline until it is re purchased, redone and then a sharp increase again

Feb 14, 2019 04:47 AM
Rainmaker
737,061
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Short and long term effect. It a tangible asset of beneficial to the real estate in the community. What do you think the effect will be?

When it closes? Here in Florida, that is NOT unheard of. Thing is, before it closes there will have been long enduring issues that the locals are fully aware. The answer to the closes question is directly to what will occupy that vacated space. 10,000 townhouses may prove problematic. 3,000 estate homes will be a good problem to have.

Every owner in the effected neighborhood will be militant and vigilant to comprise property owner rights. Call in the lawyers.

Feb 14, 2019 08:00 AM
Rainmaker
2,754,307
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

As we all know - real estate is local. What happens in my local real estate market and another market would not be the same. 

Feb 14, 2019 07:59 AM
Rainmaker
1,512,008
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

It is major although the exact financial impact is evidenced by the market sales numbers when compared to before and after the close, provided all other market influences remain static.

Feb 14, 2019 07:18 AM
Rainmaker
975,928
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

In our area probably nothing. 

Feb 14, 2019 05:25 AM
Rainmaker
4,001,401
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

We had one close out East, and the homeowners took a beating value wise.

Feb 18, 2019 06:42 AM
Rainmaker
3,975,208
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have no idea

Feb 17, 2019 04:15 PM
Rainer
36,788
Kris Collis
Smart Way America Realty - East Stroudsburg, PA
Buy & Sell with Professional Results you Expect

A golf course that is not financially viable and located in a home-owner's association might consider providing membership to the public.  That has worked in some instances in this area.

Feb 16, 2019 10:36 AM
Rainmaker
641,525
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

If the golf course when out of business it is questionable that it added to the value of the neighborhood to begin with. We have seen golf course acreage developed into homes or preserved as open space. Bad for the golfers but there are not enough golfers to sustain the operations of the golf courses...so...evolution takes place.

Feb 15, 2019 11:30 AM
Rainmaker
3,037,874
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I have never seen a golf course close.

 

Feb 15, 2019 08:43 AM
Rainmaker
4,431,606
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No idea.

Feb 14, 2019 05:02 PM
Ambassador
1,596,508
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Depends on what they build on it.

Feb 14, 2019 04:56 PM
Rainmaker
4,830,919
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

our golf courses won't close down...and they close the golf course from nov through april....

Feb 14, 2019 10:52 AM
Rainmaker
1,813,055
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Good question 

Feb 14, 2019 09:37 AM
Rainmaker
4,796,409
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It can be problematic.

Feb 14, 2019 08:58 AM
Rainmaker
1,204,273
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

No idea, haven't seen this happen.  My guess is that any added value or desireability from the proximity to the course will be gone.  This could cause prices to drop somewhat.  Questions as to the future of the land will arise.  Maybe some litigation, depending on how the course closed.

Feb 14, 2019 08:40 AM
Rainmaker
1,495,710
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Somebody just asked this a while ago .... was it you?

I think that you have a location adjustment coming. You still have no neighbors behind you but they might turn the course into townhouses & wreck your jacked up ($) view.

I'd be pissed if it happened & it almost did but I sold the house way before the course was having financial problems.

Feb 14, 2019 08:14 AM