News & Media
NEW YORK – Millennials, born between 1981 and 1996, are increasingly moving to private golf communities, even if they don’t play golf.
Gabrielle Sloan and her husband purchased a $660,000 three-bedroom, roughly 1,960-square-foot, ranch house on approximately 0.25 acres that backs up to the course at Tequesta Country Club in Tequesta, saying “We loved how family-friendly the neighborhood is. That lifestyle is something we wanted.”
These homeowners are looking for more for their money, and many are tired of paying more for less in the city. Others like the lifestyle, with many of them driving around the neighborhood in golf carts together.
Before the pandemic, private golf communities had seen a decline in interest, but after the pandemic, golf play rose, with more rounds played in 2023 than any other year on record, according to the National Golf Foundation.
Private golf clubs have been working to transform into amenity-rich communities with fitness centers, dining and social programming, sports facilities and pools in addition to the golf course, according to Jason Becker, co-founder and CEO of Golf Life Navigators.
Tequesta Country Club, for instance, has an 18-hole golf course, tennis courts, dining, and a clubhouse where Redfin says that the median home sale price was $750,000 in February 2024.
Source: Wall Street Journal (04/18/24) Flint, Jessica
© Copyright 2024 Smithbucklin
