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Abe

Can Parks Influence the Values of Residential Properties?

Asmall area(55 acres)is being developed into a park.  It is situated in a high end country club development $400,000 to $2,000,000, which has no commercial establishments, and its cencus is primarily "empty nesters".  Will an active park(ballfields, etc.,) increase or decrease the values of the properties,or would a passive park(walking trails) be more desirable?


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120 helpful answers

Conservation: Paying more and getting less.

 An active park (ball fields etc.) will bring traffic, children, noise, and vandalism. I certainly wouldn't pay that kind of money for anything close to it.

Posted 2009-05-03T00:36:36Z

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