50 Acres Sold By Lakeview to Sunnyside for $1.2M


50 Acres Sold By Lakeview to Sunnyside for $1.2M
By Scott Rogers • February 3, 2017
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." Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 22, 2024 (unless otherwise noted).
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