S. Lang, Home Buyer in Saint Louis, MO

I'm thinking about buying a second home in Vasari CC. Does anyone know that neighborhood well? It seems

Asked by S. Lang, Saint Louis, MO Wed Mar 5, 2008

like there are quite a few renters and I am afraid it will affect the value of the property.

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5
Hi Lang,

Vasari Country Club in Bonita Springs is a bundled golf course community. A bundled golf course community is one where when you purchase a residence there you also receive deeded rights to the golf course and country club. Therefore, you do not have to pay any golf or country club initiation fees. Your annual dues are actually paid through the annual master homeowners association fee.

Over the past few years many people bought properties in not only Vasari CC but other subdivisions with the idea of possibly flipping them for a substantial profit. In order to cover carrying costs until the real estate market improves (actually, it is improving) rented the residences.

The community was built by the Taylor Woodrow Company, which also built Stonebridge Country Club in North Naples and many of the coach homes in Mediterra also located on Livingston Road.

The location of Vasari Country Club is superb as it is located about 6 miles from either Delnor Wiggins State Park and Bonita Beach, North Naples Regional Park, grocery shopping, restaurants, health care facilities, and easy access to and from I-75 from either the Bonita Beach Road exit (#115) or Immokalee Road exit (#111).

I would not be concerned about the number of renters in Vasari as there are rules and regulations which govern the community and have been strictly enforced to ensure properties values are not adversely affected.

One of the downsides to Vasari is that some residences are located in such a manner that highway noise can be heard along the east boundary of the development.
1 vote Thank Flag Link Thu Jun 12, 2008
Why are you looking to buy a second unit in a high fee type community like Vasari. The cash flow isn't there for an investment. If you would like to buy an investment home call Justin Helmus with Keller Williams Elite Realty 239-850-6175. He specializes in helping clients like you find the best investments.
0 votes Thank Flag Link Wed May 30, 2012
IT IS THE PITS. They do not acknowledge decent golfers.If you are plus 70, it may work for you.The owners only respect age 70, female golfers, (expect a 5 plus hour round) and that is on a fast round! You will probably be "yelled at" If you are a male ,you do not fit their criteria.The golf pros and staff are great (to bad they are stuck here), it is the stuffy owners who try and make this course something that it in not. The greens stink as well, They make every excuse possible (we have been there plus 3 years and almost bought) They hate renters. Check out their minutes (this will tell you everything you want to know) they want to have the authority to personally ticket people who live there.Thank God , we we saw what "VaSorry" really was. Advice to anyone,stay away! The Vulchers who bought for nothing want to make this course something that it is not. As a person who has been there for years, I say stay away. you will be happy anywhere else!
0 votes Thank Flag Link Sat Aug 27, 2011
Hi there, Vasari Country Club is a great community and is in a great location for anything and everything you would want from the beaches, golf, dining, activites, etc. The rentals that you speak of are a great way for homeowners who may have stretched themselves to re-coup some monies back through the rental program. Being afraid that renters would affect your value of your property is a legitimate concern, but one should look at the advantage rather than a negative to the homeowner. Why is this you ask? Because when homeowners purchase properties, they want to be assured that they are in a location and price range that could be rented should they decide to live somewhere else for a few months ago. We have a large amount of buyers who purchase homes as second, third, fourth or even their fifith homes. So, positive cash flow is always better than none. :0) Renting your property when you are not using the property, is what we suggest here in Florida. We are a wonderful state and a paradise that promotes just that, to buy and enjoy your property, and when you are not here, let someone else enjoy paradise. So, you should not be afraid of decreased value. Thanks, Mary
0 votes Thank Flag Link Mon Jun 9, 2008
There are a lot of renters because there were so many people whom bought in the community in order to flip the property then found out they could not sell yet. The bottom line is it is a really nice community, in a good location and will be fine for the future. Make sure you get a good current market price as we are now at unbelievable prices.
0 votes Thank Flag Link Wed Mar 5, 2008
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