I also like the Bridges in RSF, but the prices are exorbitant. There are about 28 homes (roughly 10% of the community) for sale, but there has not been a sale in almost 4 months. In my opinion, prices will come down.
In 2010, it seemed like homes in the Bridges were selling for at least a $500K premium over other high end areas like covenant RSF, fairbanks ranch, cielo, crosby, santaluz, etc. The price of the lots is part of the problem, ranging from $1.2 -3.2 mil. As much as I like the Bridges, I would only spend that kind of money on a lot near the ocean. Not sure that the builder has much to do with the high prices at this point. There are only a few empty lots left, and almost all of the 28 homes listed are resales.
Anyone know whether the initiation fee for golf is still $350K? At one point, monthly membership dues were $1500-1800/month. I do not understand where all that money goes. Any guesses about how much it costs to maintain a nice 18 hole course? Assuming 200 golf members, this club brings in $300K a month. Let’s assume $180K a month to maintain the course (or $10K per hole a month). That still leaves $120K a month for the clubhouse and other expenses. Seems very excessive to me.
