Guest author, Brad West, is my husband and assists me with my real estate business. He is the designer of PalmCoastHomeShow.com, is licensed in real estate (inactive at this time due to another career), and works in online marketing and communications. He writes about his thoughts on the current meetings and discussions taking place about the Matanzas Woods golf course and the neighborhood’s future.
Matanzas Woods recently had “exploratory” meetings with Jim Cullis of Grand Haven Properties for him to gain a feel for the community’s feelings towards an alternative use (a regional park) for the closed Matanzas Golf Course. The plan, as Mr. Cullis explained, would entail purchasing the land and donating it back to the City for conversion to a regional park. If Mr. Cullis and his company do not feel they can build consensus around the idea and other alternative ideas, they may not proceed with the contract to purchase they are currently engaged in.
One group sprung up immediately with resistance and feels the only means to restore property values and the neighborhood is by re-opening the golf course property. I do not agree, and here is why.
- The current owner, the Golf Group of Palm Coast (owners of the Cypress and Pine Courses), have indicated they have no intention of ever re-opening the course at this time. Click here to read the News Journal article
- It’s estimated that it would take $5+ million to restore the course just to re-open.
- Palm Coast and Flagler County are home to 7 existing courses. All of which have seen declines, and the City-owned Palm Harbor course has lost thousands of dollars over the last few years. It is NOT an economy-thing. It’s an over-saturated market.
- To not consider alternative uses for the property will keep the property in it’s current deteriorating state and ensure property values to continue to be driven down unnecessarily.
There are two main reasons which drive the value of golf course properties up – view and privacy (no homes in one’s back yard). A regional park offers both PLUS it adds in close proximity to outdoor activities for everyone. Likewise, this would revitalize the existing neighborhood adding in it’s own unique element benefiting immediate property owners and Palm Coast as a whole.
Matanzas Woods experienced a couple of negative developer proposals since the closure of the course, and I personally was opposed to each. BUT this is NOT such a situation. The idea and opportunity to bring a regional park and revitalize the golf course property is an excellent opportunity for the neighborhood.
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