When I played the Spring Island golf community’s Old Tabby Links a few years ago, I thought it was one of the best of the many excellent layouts in the Carolinas. It was an odd feeling, touting an Arnold Palmer design; to that point, I loved The King but was not very fond of his golf designs. But Old Tabby turned me around. Its conditions were impeccable, its layout thoughtful and put to good use all the live oaks and adjacent marshland, entirely natural, unlike most Palmer golf designs I had played.

        Old Tabby is closed now, but not to worry if you have designs on playing the golf course during a visit to look at Spring Island’s upscale properties. Arnie’s design group is adding high-tech irrigation systems, improving the bunkering and shifting a few greens here and there.  The grand re-opening of Old Tabby is slated for October. Brad Klein, the Golfweek magazine golf architecture writer, visited Old Tabby to check out the renovations. You can read his story at Golfweek’s website. You can read my original review of Old Tabby by clicking here.

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It is hard to conceive that Old Tabby could be much better, but Arnold Palmer Design is hard at work to make it so.  The results debut in October.

        According to USA Today and Zillow.com, the Internet real estate site that keeps tabs on home prices nationwide, “housing has turned the corner from its five-year slump."  Zillow Chief Economist Stan Humphries said that the rise in home prices for four straight months signals that the nation “has hit a bottom in home values.”

        If you have been waiting for a bottom in markets like Phoenix and Florida, the time to pull the trigger may be at hand, according to Zillow. The real estate service forecasts that prices in Phoenix will lead all markets Zillow covers, rising nearly 10% in the next year. Miami follows at 6.1%.

        There is some evidence that the most popular Florida golf community areas are following suit.  Realtors we work with on the Gulf Coast of Florida point to the shrinking number of homes for sale and increased buyer

Prices for golf community homes in Sarasota, Bradenton and Naples are beginning to rise.

interest as strong evidence the bottom has been reached. While guiding me on a tour of six golf communities in the Bradenton area earlier today, local Realtor Dennis Boyle indicated that the inventory of local homes for sale had dropped to less than a five-month supply; that is lower than what housing experts typically consider "balanced."  In short, supply is down and demand is building, a rich formula for sales price increases.

        Another member of our Realtor network, Jeff Feldman in Naples, says that prices in some communities there had dropped more than 70% from their highs in 2006, to late 1990s levels. Now, he says, they have begun the steep climb back and have reached 2002/03 levels.

        In a matter of weeks, we will begin listing more than 100 golf homes for sale in Sarasota/Bradenton and Naples at our companion web site, GolfHomesListed. Those golf communities will include:

 

In Sarasota/Bradenton….

Lakewood Ranch

Prestancia (TPC golf course)

River Strand at Heritage Harbour

Palm-Aire

Laurel Oak

 

In Naples…

Heritage Bay

Vineyards

Imperial Golf Estates

Olde Cypress

Mediterra

        If you would like information now on any of these fine golf communities or on these Florida markets, please contact us and we will be pleased to put you in touch with Dennis and/or Jeff.