As we have noted here a few times before, smart money is on the prowl for quality golf courses with surrounding real estate potential. Golf communities are being seen as good investments not just by developers experienced in building and managing such developments, but also by deep-pocketed investment firms who look at all areas of investment and put their money where the opportunities seem best. The benefit to buyers is that home prices in a formerly “damaged” golf community are still low, but they won’t be for long once the owner invests in a meaningful and visible way.

        Included in our mailbox last week was a flyer from Auction.com touting an upcoming online auction of lots in some very familiar golf communities in the Carolinas. Coincidentally, stuck among lots in the Cliffs Communities, The Reserve at Lake Keowee, and Bear Lake Reserve near Sylva, NC, were a couple of properties just 1½ miles from our Connecticut home.