Random Am thoughts. WC & WS are both outstanding communities. From the basic site engineering onwards WC & WS are both communities to be proud of. St Joe developed first class properties with all the amenities one could ask for. Ok, so some of you will disagree, the basic Disney-ish premise of WC & WS is sound and more importantly, it sells. To those who purchased first in those communities, and subsequently flipped, go my congratulations. To be that astute is a testament to sound judgment. My hat goes off to those who purchased a lot for 200k and flipped it for 400k a few months later. To the second generation owners who flipped again, my hat is off to you as well. What now appears to be happening is that third or fourth generation owner may be in for that preverbal rude awakening. To me, they hit the "Is it really worth that much category" sometime in late 2004, not 2005 or 2006. Infrastructure costs, incurred in WC & WS around 1999 - 2003 were paid off handsomely during the first go round of lottery winners. My point is, the underlying property value in WC & WS far outstripped there current value. Valuating your property at what its worth in say 10 or even 50 years is an interesting concept just not one most normal people agree with. Yes you do get those who have the funds and don?t care. The old adage A fool and his money are soon parted comes to my mind. Those who feel that way are few and far apart.
As an FYI,,, The WC HOA fees do not cover a gym membership, same story for property maintenance such as pine straw (no lawns per-say in WC) and pest control, they are all extra.
As an FYI,,, The WC HOA fees do not cover a gym membership, same story for property maintenance such as pine straw (no lawns per-say in WC) and pest control, they are all extra.