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REAL ESTATE
From the RealEstateJournal Archives

Homes Located
In Vacation Communities

by Eileen P. Gunn
From The Wall Street Journal Online
July 14, 2005

Vacation communities that combine the space and privacy of a second home with the services and facilities of a luxury resort are becoming increasingly popular, according to real-estate agents and developers. Here are three homes in vacation communities for under $6 million.

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PLACE/PRICE: White Sulphur Springs, W.Va / $5.8 million

PROPERTY TAX*: $4,240 per year

THE PROPERTY: 10,284 square feet; 5 bedrooms, 5 full baths, 3.5 baths

DESCRIPTION: Rustic lodge-style home built in 2004 is furnished and has three stone fireplaces, a heated garage, wine cellar and small screening room.

NOTABLE: In addition to a private golf course, pool, spa, lodge and on-staff naturalist, residents can use the golf courses, sports facilities and restaurants at The Greenbrier resort that shares the property.

* * *

[photo]

PLACE/PRICE: Lake Las Vegas, Nev. / $5.8 million

PROPERTY TAX*: $15,985 per year

THE PROPERTY: 7,524 square feet; 5 bedrooms, 5 full baths, 1.5 bath

DESCRIPTION: Built in 2002, the red-tile-roofed house is furnished, and has a large gourmet kitchen, built-in pool and spa, and views of Lake Las Vegas and nearby mountains.

NOTABLE: Full-time concierge can turn on the air conditioning and fill the refrigerator prior to owner's arrival; The community has a helipad, marina, social clubs, shops, restaurants and golf courses on site.

* * *

[photo]

PLACE/PRICE: Ocean Reef, Key Largo, Fla. / $5.99 million

PROPERTY TAX*: $11,520 per year

THE PROPERTY: 6,800 square feet, 6 bedrooms, 6 full baths, 1.5 bath

DESCRIPTION: This Mediterranean-style home built in 2003 has a large kitchen with butler's pantry, formal dining room, family room and a pool with waterfront views.

NOTABLE: The community has seven restaurants, 24-hour room service to your boat or house, two golf courses, a private airport and access to both bay and ocean for water sports.

Notes: *Current owner's payment

Sources: Greenbrier Sporting Club; Lake Las Vegas, Prudential Americana; Russell Post Properties

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