Lake Elmo Approves New Luxury Golf Course Community

The Royal Club Golf Course Homes - Lake ElmoIt wasn’t that long ago when articles starting popping up about golf numbers being down and courses all over the U.S. closing at alarming rates. But don’t tell that to the developers who are planning a new luxury golf community in suburban Lake Elmo.

Earlier today, reports surfaced about the Lake Elmo City Council approving preliminary plans for a 186-acre, 292-lot housing development that will eventually surround the new Royal Golf Club, the former 3M’s Tartan Park golf course. As noted by the Business Journal, The Royal Club community will feature both detached single-family homes and a select number of maintenance-free villa homes, while home builders expected to have a presence in the community include Villa Builders, Gotham Communities, and Pratt Homes.

Combined, the 18-hole golf course and the residential community will encompass 428 acres and have an estimated development cost of $365 million (yes, you read that correctly).

If all goes according to plan, the residential portion of The Royal Club will be built out in four separate phases, with the fourth and final phase not expected to begin construction until 2023.

Right now, villa homes at The Royal Club are projected to price somewhere between $500,000 and $850,000, while luxury single-family homes in the community will be priced anywhere from $750,000 to $1.5 million.

Need to sell your home?

Find out how much it will sell for today!

Check your equity now in 60 seconds
Kris Lindahl Real Estate

Home of the one day listing contract

Leave a comment

Buying a Condo: 4 Reasons Its Better Than a House

Homebuyers are faced with lots of options! Many people might feel stuck when choosing between condos, townhomes, and single-family homes. Detached homes are often the go-to, which causes buyers to overlook many of the amazing condos for sale in their area. Condominiums offer many unique advantages in the great house vs condo debate. They’re often […]

Continue Reading

Best First Home: Single-Family Home vs Townhouse vs Condo

Real estate remains one of the best investments a person can make in their lifetime. The property builds up equity over time, putting the investor’s money to work for them. If they choose to rent the property to someone else, the rent checks pay the mortgage and might even provide passive income over and above […]

Continue Reading

Suburbs Closest to Minneapolis-Saint Paul International Airport: Guide For Frequent Flyers

The city of St. Paul and city of Minneapolis are bustling hubs of culture and commerce. Those who want to live just outside the area while still having easy access to the Minneapolis-St. Paul International Airport (MSP) have many excellent suburbs to explore. From affordable housing and amazing shopping to picturesque parks and historic sites, […]

Continue Reading