It s unrealistic to put an inflated price on a home. If it s priced right, it will sell within a very short time. If it s not, it won t. And properties in places like John s Island, Orchid, Grand Harbor, Windsor - yes, they re selling well because people are buying an environment, an atmosphere. There s a clubhouse, there are activities, whereas a property on a beach road nets a nice home and access to the water, but it lacks other things that command higher prices.
People have to be realistic about things like that.
Development nixed Hurley Builders and Developers Inc. of Palm City got a major reality check last month when members of the Indian River County Commission unanimously rejected their request for a zoning special exception for their proposed development Vero Grove, an upscale community with 167 homes plus a golf course. Not only did residents get up in arms, county staff earlier recommended the exception be refused. County commissioners have sent a pretty clear message, but somehow or another I sense this one could go another round, especially since project developer, Bruce Hurley, claims he and his father have spent seven years and several hundred thousand dollars planning the development. Too much assistance Another reality check for assisted-living firms has some, like Alterra Healthcare and Marriott International Inc., both of which have a major presence here on the Treasure Coast, rethinking earlier expansion plans. In the 1990s, assisted-living facilities became such a popular alternative for senior care that developers pulled out all stops to meet the demand.