SLO County Golf, Wine & Real EstateGolf, Wine & Real Estate News and Events Blog
Central Coast Golf CommunitiesSaturday, January 14, 2006 Few areas in the United States offer the geographical diversity, pristine air and ideal climate of California's Central Coast. Offering mountains, beaches, lakes, rolling hills, vineyards and top-notch, year-round golf, the Central Coast has it all. It's no wonder that San Luis Obispo County's golf communities have become a desired retirement destination, even over traditional, and hotter, places like Florida and Arizona. If you are in the market for your first golf course home and want to golf year-round in a comfortable weather on uncrowded courses, you can narrow your search to the Central Coast. The next major consideration is price range. A home on a golf course in San Luis Obispo County can range anywhere from $600,000 to $2 million (and beyond). Price is dictated by location and the quality and classification of golf course. A home located on the course costs significantly more than one off of it. A home located on the course with a view of the water or mountains commands an even higher price. And there's more. A house on the left side of a fairway is going to cost a bit more than one on the right because the majority of golfers are slicers. You also want to avoid buying a lot at the 150 yard marker, because that is where most balls land. And generally as a rule of thumb, homes near the green are about 10 to 15 percent more expensive than those by tee boxes. Location and price are considerations that may seem like no-brainers to some. But many first-time golf course home buyers are not privy to the various classifications that dictate access, initiation fees and dues. A semiprivate golf course is typically open to the paying public, but extends preferred tee times, tournament services and/or range privileges to members who pay annual or monthly dues. Private clubs come in two varieties: equity and non-equity. Equity clubs are actually owned by the members, and members can sell their memberships (oftentimes for a profit) should they decide to relocate. Non-equity clubs are owned by a third party and the members are not responsible for paying for major renovations and improvements. See our Real Estate page for a listing of quality golf communities available in San Luis Obispo County, including The Woodlands in Nipomo, Cypress Ridge in Arroyo Grande, and San Luis Obispo Country Club in Edna Valley. |
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