Terra Vista Realty The Best Real Estate Value in Florida!
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Terra Vista Realty The Best Real Estate Value in Florida!
In this article I am going to discuss why Terra Vista Realty is a better value versus other planned communities. With that being said, I have picked three such communities to compare Terra Vista Realty. They have a lot of similarities and there are differences but after reading the comparison, you will see how Terra Vista matches up.
Before I start the comparison, I want to mention something when it comes to planned communities or just general real estate in Florida. Interstate 4 divides the state almost in half and is a dividing line in real estate also. Most of the planned communities that are south of I4 are much higher end versus the communities that are north of I4. I commonly refer this area as the value corridor versus South Florida. With that being said, if you are in the position, the communities down there are incredible with amenities inside and outside the gates but if you are looking to stretch your dollar a bit, you need to consider putting Terra Vista Realty on your must see list. The good news is the weather is not much different.
The first community that I am going to compare Terra Vista Realty too is Frenchman’s Creek in North Palm Beach. OK, before you say I am losing it, the reason for the comparison is because Terra Vista’s amenities are on par with Frenchman’s Creek’s amenities inside the gate. Of course, Frenchman’s Creek location is superior but the point I want to make is that the only communities that have amenities that compare are the super high end communities in both Southeast Florida and Southwest Florida. Yes, Terra Vista’s amenities are that amazing. With that being said, to compare the resales in each community, an apple to apple comparison of square footage and condition of home you are looking at over $200.00 a square foot for a home in Frenchman’s while the average square foot pricing for basically the same home is $125.00 to $150.00. Again, Frenchman’s Creek is an awesome planned community but if you want value, it would behoove of you to come take a look at Terra Vista before you buy.
Skyview Golf Club- Terra Vista
Now for The Villages. Before I start the comparison between Terra Vista Realty and The Villages, I want to mention that The Villages is a great place but Terra Vista has some advantages. First off, the amenities at Terra Vista are so much nicer and they are less crowded. The other advantage is that all of Terra Vista’s homes are of block construction versus The Villages has mostly frame construction. It is not the end of the world but insurance rates will be lower with a block home. Plus there is less chance of having termites with a block home. Of course The Villages has so much more entertainment, retail options, and you are able to drive your golf cart all over but Terra Vista is more laid back and is much more hassle free. If you like, waiting 20 minutes for an ice cream cone, The Villages is the place for you. But if you want higher end amenities, nicer curb appeal in your neighborhoods, incredible beauty inside and out of your community, and be closer to the water, you need to put Terra Vista Realty on your must see list. Before I go into the price comparison, I am going to mention that the fees are roughly the same for both while The Villages has a CDD Bond attached to the cost of your home. (The upcoming comparisons, do not take the cost of the CDD Bond into account.) Now for what you have been waiting for, the cost per square foot comparison. It is a bit harder to compare apples to apples because Terra Vista Realty’s homes are block and have barrel tile roofs while The Villages homes are frame and have asphalt roofs but as I mentioned above the average resale home in Terra Vista is $125.00 to $150.00 while a typical resale in The Villages is going to be between $160.00 to $190.00.
Compare the pictures
SIDE DISCUSSION- Every buyer that comes into contact with me always asks about foreclosures and short sales. Please see my blog on the subject. Also, there is a feeling more and more that you can do most of the work yourself, why? As a buyer, my expert services are complimentary. Please see my blog on this.
Bela Vita Spa and Fitness Center- Terra Vista (45,000 sq ft with Indoor Pool)
For the last comparison, I am going use On Top of the World/Stone Creek which are right next to each other in Ocala. Since, Terra Vista residents have to go to Ocala for most of their big box shopping so it gives that advantage to OTOTHW but just like The Villages comparison, Terra Vista’s overall location is much prettier and it is closer to the water. (It is a 25 minute drive to Ocala from TV) Now, when you start comparing curb appeal of the overall development and the neighborhoods, there is absolutely no comparison and this does not bring into account the amenities. Just like the curb appeal, the amenities at Terra Vista are much nicer and the fees are very similar. But the reason I am comparing OTOTW with Terra Vista Realty is to show you that there is not much difference in price per square foot. OTOTW typical resale is in the neighborhood of $100.00 to $110.00 while Terra Vista’s is $125.00. Bottom line, for a few more dollars you are getting a much nicer community and the fees are very similar.
PS- A gated community not of interest, check out Pine Ridge Estates Homes
Terra Vista’s Activity Center
Lower Cost of Living
After you take into account the cost of real estate there are a few other costs that will vary throughout the state including the two biggest which are taxes and insurance. The reason I mention those two costs is because they are significantly cheaper when you live in Terra Vista Realty. The reason why is because taxes are higher where there is more population because there are more services needed. It is as simple as that. The other cost that varies throughout the state is insurance rates because of flooding, sink holes, and risk of hurricanes. Since Terra Vista is 250 feet above sea level, the flood insurance component on your home owners policy is significantly less versus most other areas of the state. Also contributing to the lower cost of insurance here is there are virtually no sink holes and the risk of hurricanes is lower in this area which contributes to a lower insurance rate. The bottom line is that your bottom line expenses are less here but you are not sacrificing lifestyle or quality of home.
Where Do You Find Hills This Close to The Water in Florida? (That’s Why They Call it “The Water Lovers Florida”)
As you can see, when you compare the weather, low risk of hurricanes, lower flood insurance, and cost of living numbers, Terra Vista Realty is an incredible value and if a planned community is in your future, you need to fill out the form below and let’s plan a visit.
The 5 Best Spots to Watch a Sunset
Load up your cooler and pack the wine glasses, here are the five best spots to watch a sunset.
Skyview Driving Range- You can get here by golf cart.
Fort Island Trail Beach
Cedar Key- Worth the drive and you can watch it from a few restaurants
Sea Grass Resort in Homosassa- Great view from the Tiki Bar
Your Own Back Yard……..
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