Golf property
Encyclopedia
The term golf property is used to describe a niche
in the property market: residential real estate linked to a golf course
. Golf property can be in the ownership of the golf course or in proximity to the golf course. The idea of combining the design of a golf course with a subdivision housing property originated in the USA and is now found in many parts of the world.
In the United States, there are over 2,000 golf courses with surrounding residential properties. Homes, townhomes and condos make up the majority of golf properties in the US. In recent years, the concept has gone global with golf communities stretching from Dubai to Australia. Legendary golfers such as Jack Nicklaus, Arnold Palmer and Greg Norman have played a key role in the increased rate of development through partnership with national and global home builders including Lennar, Toll Brothers
, and others.
Niche real estate
A niche is specialized sector of the property market. Examples include income property, garden real estate, condos, equestrian property, vacation property, farm property, golf property, waterfront homes, beach houses and luxury homes. These are often categories in which potential buyers think...
in the property market: residential real estate linked to a golf course
Golf course
A golf course comprises a series of holes, each consisting of a teeing ground, fairway, rough and other hazards, and a green with a flagstick and cup, all designed for the game of golf. A standard round of golf consists of playing 18 holes, thus most golf courses have this number of holes...
. Golf property can be in the ownership of the golf course or in proximity to the golf course. The idea of combining the design of a golf course with a subdivision housing property originated in the USA and is now found in many parts of the world.
In the United States, there are over 2,000 golf courses with surrounding residential properties. Homes, townhomes and condos make up the majority of golf properties in the US. In recent years, the concept has gone global with golf communities stretching from Dubai to Australia. Legendary golfers such as Jack Nicklaus, Arnold Palmer and Greg Norman have played a key role in the increased rate of development through partnership with national and global home builders including Lennar, Toll Brothers
Toll Brothers
Toll Brothers is a Horsham, Pennsylvania based luxury homes builder.-Company Overview:Toll Brothers is a residential and commercial real estate development company with communities in 50 markets throughout 19 states...
, and others.