I bought a 35 acre subdivision. It was platted in 1982 next to a Corp of Engineers lake, intended to be used by those from the town displaced from the flooding of the lake.
It was originally 15 lots on 40 acres, with only the 3 closest to the main road selling before they realized the ground wouldn't perk!
So in 2019, I bought the remaining 35 acres still subdivided into the 12 lots that never sold. The original subdivision covenants are listed in my deed, but I am the only member of the HOA and therefore the enforcer!
So I gave myself a variance to live in my RV on the property while I built my house!
So Subdivision HOA head, Maintenance head, Landscape head, and head of Sanitation...the jobs are easy, but the pay sucks!
This was kinda a point I made somewhere above, that 72 house lots does not magically mean 72 houses. Depending on their business plan, they might build 2 at the front as demos, and spec homes pretty much right away. Then, again, depending on business model, they spec build others, sell them to builders, or sell them to investors/future home owners. I do know some now, if sold direct to home owner, require starting construction (or atleast getting building permits) within 12 months of closing on the property, to avoid vacant lots. Another thing some do, you have to use their builder, if you buy a lot. Others may only allow certain pre approved models. Others, its not so much that they care, their business model, is spending $1m to turn $620,000 worth of property into 72 $80,000 lots. That does sound real nice, but im guessing they paid $620k for thr raw land, another $50k in design and permitting (the land development, not the houses, thats more), and maybe $2.5M in site work, storm water, roads, ect, for a fair profit of $1.5-2.5m.
I did look on Google Earth are the area north of Goshen, looks like Paradise Valley or similar, and there seems to be a pretty consistent theme; 40-75 homes, single entrance, well buffered, slip lanes or short right turn lanes. Not exactly things of beauty, but fairly basic, functional small subdivisions. Doesn't appear to be any community parks/club houses, ect. Pretty basic, small, boring, subdivisions. Homes appear to be mid range value; moderately sized homes.
