![House in Cheviot Hills, Los Angeles](https://upload.wikimedia.org/wikipedia/commons/7/74/House_in_Cheviot_Hills%2C_Los_Angeles.JPG)
The term golf property is used to describe a
niche
Niche may refer to:
Science
*Developmental niche, a concept for understanding the cultural context of child development
*Ecological niche, a term describing the relational position of an organism's species
*Niche differentiation, in ecology, the ...
in the property market: residential real estate linked to a
golf course
A golf course is the grounds on which the sport of golf is played. It consists of a series of holes, each consisting of a tee box, a fairway, the rough and other hazards, and a green with a cylindrical hole in the ground, known as a "cup". Th ...
. Golf property can be in the ownership of the golf course or in proximity to the golf course. The idea of combining the design of a golf course with a subdivision housing property originated in the US and is now found in many parts of the world.
In the United States, there are over 2,000 golf courses with surrounding residential properties. Homes, townhouses, and condos make up the majority of golf properties in the US. In recent years, the concept has gone global with golf communities stretching from Dubai to Australia. Legendary golfers such as Jack Nicklaus,
Arnold Palmer
Arnold Daniel Palmer (September 10, 1929 – September 25, 2016) was an American professional golfer who is widely regarded as one of the greatest and most charismatic players in the sport's history. Dating back to 1955, he won numerous ev ...
, and Greg Norman have played a key role in the increased rate of development through partnership with national and global home builders including
Lennar
Lennar Corporation is a home construction company based in the census-designated place of Fontainebleau, Florida, with a Miami postal address. In 2021, the company was the second-largest home construction company in the United States based on the ...
,
Toll Brothers
Toll Brothers is a company which designs, builds, markets, sells, and arranges financing for residential and commercial properties in the United States. In 2020, the company was the fifth largest home builder in the United States, based on home ...
, and others.
Niche real estate
Niche real estate refers to specialized sectors of the property market. Examples include income property, garden real estate, condos, equestrian property, vacation property, farm property, golf property, golf course redevelopment, waterfront ho ...
refers to specialized sectors of the
property market. Examples include income property,
garden real estate
Niche real estate refers to specialized sectors of the property market. Examples include income property, garden real estate, condos, equestrian property, vacation property, farm property, golf property, golf course redevelopment, waterfront ho ...
,
condos
A condominium (or condo for short) is an ownership structure whereby a building is divided into several units that are each separately owned, surrounded by common areas that are jointly owned. The term can be applied to the building or complex ...
,
equestrian property A horse community or equestrian community is a planned real estate development or community where people live with their horses on their property or at a facility within the rural or suburban development, with a shared trails network for pleasure r ...
,
vacation property
A holiday cottage, holiday home, vacation home, or vacation property is accommodation used for holiday vacations, corporate travel, and temporary housing often for less than 30 days. Such properties are typically small homes, such as cottag ...
,
farm property,
golf property
The term golf property is used to describe a niche in the property market: residential real estate linked to a golf course. Golf property can be in the ownership of the golf course or in proximity to the golf course. The idea of combining the des ...
,
golf course redevelopment
Redevelopment is any new construction on a site that has pre-existing uses. It represents a process of land development uses to revitalize the physical, economic and social fabric of urban space.
Description
Variations on redevelopment include:
...
,
waterfront homes,
beach houses
A beach is a landform alongside a body of water which consists of loose particles. The particles composing a beach are typically made from rock, such as sand, gravel, shingle, pebbles, etc., or biological sources, such as mollusc she ...
and
luxury homes. These are categories in which potential buyers think about the property they seek.
{{DEFAULTSORT:Golf Property
Luxury real estate
Golf terminology