It is very weak. I have been following some properties for over a year and have seen nothing but relentless price declines. The biggest problem with the subdivision is the extremely high monthly HOA fees (minimum $695.00) plus the equity membership requirement $40K. On top of that, the association recently passed another one time assessment. High HOAs community are just radioactive in this market. While some properties are great values, that gain is entirely canceled out by the never ending extra fixed costs.

As a buyer, I am completely avoiding Plantation because of the extremely high monthly HOA fees which run about $1000 a month. I would rather put that extra money every month into my mortgage.

The Plantation is an extremely nice golf course and beach club community in Ponte Vedra Beach and has building lots available. There is one "garden lot" remaining at $165,000 and fourteen lots in the south area (Muirfield Dr) that range from $200,000 to $500,000. These are owned by a builder who requires that he build the house. Considering current market conditions the owner might be willing to sell the lots outright but it would be difficult to stay within your $1 million price point. You are right in that there is little new construction but the existing homes on the market are for the most part, up to date and well cared for.