Case #1: Existing Woodmont Homes Equity Plunge

A true scenario: A home owner on 83rd street loved their home and view so much, they invested another $200K, bring the total cost of ownership to over $650K. Lennar builds homes in this beautiful view on 55 foot lots at $230K per home. Lennar offers "No Closing Cost and No Money Down." Do you think the price of this home on 83rd street would increase, stay the same, or plunge? Well, Woodmont Country Club Inc would tell this homeowner, with a storm water drainage ditch they would have a similar valued view (lake view comparable to golf course view) so their equity should remain the same! HELLO! Pass the Kool-Aid please!

A Lennar development would destroy our home values. Below is what Lennar is currently offering prospective homebuyers in Miami.

 

Case #2: City Places 83rd Street Homes In Danger

The presentation below analyzes the impact to 83rd St. The developer is planning up to 32 single dwellings homes in parcel G. Measuring from the property line at 7901 NW 83rd St to Southgate the distance is 300 feet. Per the slide below, this leaves 35ft per house to build on. During the planning board hearing, the developer stated the lots would be 110 feet by 55-60 feet. With no site plan, the home owners can only speculate how we will be further dishonored by Woodmont Country Club which has the full support of the City of Tamarac

 


This plan puts 83rd street in a hurricane evacuation zone. During heavy rains, canals overflow causing flood damage to our homes. Add hurricane winds to this equation and 83rd street will be destroyed. The city would be responsible for placing our homes in a hazard. Our risk to damage now becomes a "not if, but when" situation. In addition to destroying our homes, stagnant canals present other hazards. They become a cesspool of chemicals and other environmental issues; they smell and they are a breeding ground for mosquitoes and other insects. Canals such as these, which are very close to the property line, will place our young children in danger of accidental drowning.

 

Placing canals around the homes leave no place to walk. Notice below that the property line is only 6.5 feet from the pool enclosure. Per the developer's artist drawings below (lower left of picture), the slope to the canal (which they call a lake) begins at the property line. The residents on 83rd streets would have to walk in the slope of the canal to get around to the small park area. Can you believe this! What were they thinking?

 

HOW LOW WILL THEY GO? Notice in the pictures below, the pools and patios were airbrushed out to make the canals look more pleasing, less threatening. This is disingenuous at best.

 

The developer is stating that we have a choice between a lake or a recreation area as shown below

 

However, when you compare the developers map (below, right) and the Google map (below, left) to put in the maximum number of houses, the developer must fill in existing storm water drainage areas. They must have these canals to compensate for the loss of existing drainage areas. Since there are no site plans, everything we see is just smoke and mirrors. They will figure it out later once they destroy the golf course after fast tracking this thru the city/county/state. Then the city, in trying to avoid embarrassment, would cave in to the new demands of Woodmont Country Club. And the equity of our property will continue to be transfered to the owner of Woodmont Country Club.