Articles

50 Acres Sold By Lakeview to Sunnyside for $1.2M

Lakeview to Sunnyside

   click here for a much larger, more detailed map

Back in 2015, Lakeview decided to sell off as much as 75 acres of their land, moving from a 36 hole golf course to a 27 hole golf course.  Many (myself included) speculated that this land would be purchased by a developer or builder as the land is located in the midst of many upper end single family home neighborhoods.

We were all wrong.

Fifty acres (as shown above) were sold by Lakeview to Sunnyside Retirement Community in January 2017, for $1.2M.  So, it seems, you will not see new roads going in and houses built in that area in the near future.

Some snippets follow from today's Daily News Record article....
  • Jack Broaddus, president and CEO of Sunnyside Communities, said the nonprofit bought the land to protect its existing campus aesthetically, continue to invest under the right circumstances and provide space for potential growth.
     
  • Sunnyside owned about 100 acres before the purchase, Broaddus said, roughly 90 of which is developed.  The deal allows the retirement community to control how the property is used for the time being, he said. The community will develop a master plan for the land, and it should be years before it’s put to full use.
     
  • Until a permanent use is found, he said Sunnyside would maintain the land "like other pieces of our property," and future uses will be in line with senior retirement community living  "It's our intent to continue to expand when needed, or when the market tells us our retirement living options are needed," he said. "We're not planning on putting a racetrack over there."


    Enjoying these articles?

    Get each new one in your inbox.

    Latest articles

    All articles

    We Might Actually Have a Few Homes to View!

    I haven't said that too often over the past five or six years. Since the pandemic, the housing market has ranged from very tight to pretty tight in most price ranges. As…