Golf community real estate prices tend to follow the old saw about location, location, location. Those communities that set out to distinguish themselves in terms of amenities, such as The Cliffs Communities in the nether regions of South Carolina, might defy the conventional wisdom but, generally speaking, golf communities in remote locations do not command anything approaching top prices for homes and land.
        One of our favorite "out there" golf communities is Savannah Lakes Village in rural McCormick, SC. The nearest town of consequential size is Greenwood, S.C., about a half hour away; Aiken and Augusta, GA, lie a solid hour to the south. It is about eight minutes from the front entrance of Savannah Lakes -– no guarded gate needed out in these parts –- to the only supermarket in the area, McCormick's Food Lion. But at 4,000 acres, 2,000 residents and with two clubhouses and dozens of activities, the community has plenty to offer without having to stray too far. And prices are about as remote from "expensive" as you can get.
SLVMonticellohomebeyondgreenSavannah Lakes features many homes facing the golf course and/or Lake Thurmond, with prices that begin in the $200s.
        That includes one of the most reasonable golf memberships anywhere. Every property owner in Savannah Lakes Village becomes a member of the club at no extra initiation fee and can pick and choose which of the communities many amenities they want to use. For example, golfers can either pay to play for modest green fee rates ($36 with cart) or $3,000 for unlimited play throughout the year. If you own your own cart, the combined rate for 18 holes is just $32 if you choose to pay as you go. Homeowner association dues are just $101 per month; if you combine full-membership of $3,000 and HOA fees of $1,200 per year, the total monthly carrying charges are just $350. That leaves plenty of room for those who might want to use Savannah Lakes' Activities Center with its indoor and outdoor pools, fitness facilities, bowling alley ($3 per game) and bocce court. For those who play tennis, that is an extra fee but comparably modest.

        We recently predicted that Chinese businesspeople would soon add as many as 20 golf courses to their portfolio of 13 clubs already purchased in the Myrtle Beach, SC, area. We speculated that a U.S. visa program that rewards foreign interests who invest in U.S. businesses that employ more than 10 people was the driver (pardon the pun). Not for nothing, those same Chinese businesses that purchased the original 13 golf courses also bought 100 homes in the Myrtle Beach area.
        Now, according to a recent New York Times feature, the interest in Myrtle Beach could have a different root reason –- a Chinese government crackdown on the operation of golf courses. As part of an ongoing campaign against systemic corruption among China's government officials, Premier Xi Jinping and his government have shuttered 66 golf clubs that had been built illegally. Since 2004, according to the Times report, golf course construction in China has been banned for environmental reasons related to "unrestrained development." Developers and local municipalities essentially ignored the ban for much the same reasons, money; the developers tied the golf to adjacent high-rise luxury buildings they sold to China's new millionaires, and the municipalities found the tax revenues were just too lush to ignore.
        But now more than 15 officials are under investigation for accepting bribes and other crimes and misdemeanors related to business done on the golf course, and any developer who undertakes to build a new layout will find it hard to identify investors. Those Chinese millionaires who have become infected by the bourgeois game of golf are now left to invest in other places where they can play.  Welcome to Myrtle Beach.
GrandeDunessandyapproachChinese businesspeople purchased an undeveloped section of the Grande Dunes Resort for $5 million. Could the Resort's popular and excellent golf course be next?