What the Retirement Community Property Market is Like

Before you invest in property in a 55+ retirement community, consider whether it's a sound idea.

Golf carts parked in a lot.
(Image credit: Getty Images)

Bob Anckaitis had no intention of moving to Florida’s well-known retirement community, The Villages. Ten years ago, while on a family trip to Disney World with their kids and grandchildren, the retired U.S. Army officer and his wife, Kathy, decided to stay in Florida for an extended visit.

“We saw an ad about a preview week for The Villages,” Anckaitis recalls. He and Kathy had no plans to buy a place, but that changed when they settled into their vacation home. "It was $120 a night for five different home designs, so we booked a 2-bedroom/2-bathroom cottage. It was outfitted with a golf cart, two bikes, tickets to shows at the arts center. By the end of our stay, I was walking around saying ‘Wow, this place is pretty great.’ ‘’

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Contributing writer

Laura Vecsey is a former sports and political columnist for major daily newspapers in Seattle, Baltimore, Albany NY and Harrisburg PA. She has also done extensive writing about real estate with Zillow, StreetEasy, Keller Williams and eXp Realty. She has contributed to numerous news publications (The New York Times, The Guardian, AARP, DC Report) and is a licensed real estate agent in Saratoga Springs, NY.