Pasco's high-end home sales expected to double
July 7, 2003
TRINITY, FLA. - The Champions' Club, an exclusive golf-course community
being developed in southwest Pasco County, is expected to more than double
the annual number of high-end homes being built in the county, says one
residential-real-estate expert.
According to Marvin Rose, president of Rose Residential Reports, which
tracks new-home construction in the Tampa Bay area, The Champions' Club
should generate annual sales of between 25 and 30 homes priced at more than
$500,000 including homesite. If that goal is reached, he says, the community
would surpass the 21 new Pasco County homes sold in that price range during
2002.
From 1999 through 2001, just 32 new homes costing $500,000 or more were
sold in Pasco County. In 1999, seven homes in that price range were sold,
while nine were built in 2000 and 16 in 2001, Rose says.
Contributing to this increased high-end demand, Rose explains, is the
fact that northern Pinellas County, essentially, is built out, particularly
in the high end. Moreover, home buyers migrating northward to Pasco County
from Pinellas and Hillsborough counties have found no new golf-course
communities in this price range.
"Because of tighter government regulations and water restrictions, new
golf-course communities are extremely rare," explains Rose, who conducted a
feasability study for The Champions' Club. "The Champions' Club is the
exception because it is being developed along the fairways of an existing
championship golf course."
The Champions' Club overlooks the 18-hole championship golf course at Fox
Hollow Golf Club, which opened in 1994. The championship golf course is the
last one designed and built by world-renowned golf-course architect Robert
Trent Jones Sr.
More than half of this community's 368 homesites will border the golf
course, while many others will overlook lakes or heavily wooded conservation
areas.
The Champions' Club will comprise seven Mediterranean-themed villages.
Homes in some villages must provide at least 2,700 square feet of living
space, while other villages require homes with a minimum of 3,500 square
feet of living space. Residential pricing will range from the $400s to more
than $2 million including homesite.
Homes in The Champions' Club will be built by some of the best-known
homebuilding companies in the Tampa Bay area. Land work here is nearly
complete, and new-home construction will begin soon.
The Champions' Club will feature a $2 million, 10,000-square-foot,
Mediterranean-style clubhouse that will provide an intimate lounge, dining
room, fully equipped fitness center, his-and-her locker facilities, a
resort-style pool, sun deck, and tennis courts. Community activities here
will be coordinated by a club concierge.
The Champions' Club adjoins the $1.5 billion master-planned community of
Trinity, one of the largest communities of its kind in the Tampa Bay area.
Both communities are being developed by Adam Smith Enterprises.
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Additional information about The Champions’ Club may be obtained at (727)
375-2800, (888) 944-2800, or by using our Information
Request Form.
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