Structural and locational characteristics are known to affect housing prices, and numerous studies have explored many of these characteristics. However very little empirical information was available on the effect of golf course location for improved property. Two recent studies find that building on a golf course adds 7 to 8 percent to the value of property. However, we find that for a private development on a barrier island, building a villa or single family home on a golf course does not have any significant impact on price. Specific locational factors may explain this unexpected result.
Pompe, Jeffrey J. and Rinehart, James R.
"The Effect of Golf Course Location on Housing Value,"
The Coastal Business Journal: Vol. 1:
1, Article 1.
Available at: https://digitalcommons.coastal.edu/cbj/vol1/iss1/1
Advertising and Promotion Management Commons, Curriculum and Instruction Commons, E-Commerce Commons, Economics Commons, Higher Education Commons, Hospitality Administration and Management Commons, Marketing Commons, Real Estate Commons, Recreation Business Commons, Tourism and Travel Commons