How much is your dream retirement home worth to you? Your budget likely depends on the features that matter most—whether that’s a waterfront view, space for horses and gardening, or being close to a city and its amenities. Everyone’s vision for the ideal 55+ lifestyle is different, and your “must haves” will shape where and how you choose to live.
New construction communities offer the chance to build your dream home from the ground up. Within these communities, premium homesites stand out for their desirable features—such as prime location, larger lot size, scenic views, unique topography, or proximity to key amenities. Because of these advantages, they typically come with a higher price tag, which may show up in the lot cost, home price, or both.
Understanding what makes these lots more valuable can help you make a confident decision. Let’s take a closer look at what sets premium homesites apart and why they’re in such high demand in many 55+ communities.
How are premium homesites priced?
Premium homesites are priced based on their value over other lots in the community. The exact percentage will vary between similar premium lots. However, prospective buyers can expect to pay more for prime locations. Typically, the additional price of a premium lot is added as a one-time cost to the total purchase price of the home. This is appealing to many prospective buyers as a fixed cost is easier to manage than an increased mortgage or monthly due.
Why is a premium homesite priced higher?
The wealth of amenities and curb appeal offered by premium lots sets these sites at a higher price point than the surrounding homes. Key reasons why premium lots are more expensive in 55+ communities include:
Views and Scenery
When planning for retirement, a home with a postcard-esque view is top-of-mind for most prospective home buyers. Unfortunately, visions of ocean waves and mountains do come at a higher price tag. Many retirees find the increased cost of a premium homesite to be worth the investment in breathtaking scenery. For example, you’ll find many waterfront lots in new construction areas of Naples, Florida—a premiere location for active retirement communities.
Amenities
The best amenities come with the best lots in active adult communities. Homes adjacent or attached to prime amenities like lakes, onsite spas within walking distance, and boat docks offer an elevated retirement experience. A good way to determine how valuable these amenities are for you is to take note of how often you’ll utilize these resources. Nearby golf courses are at the top of the list for in-demand premium homesites. If considering a higher price point for a more desirable lot, consider negotiating small details like complimentary membership fees.
Accessibility
Accessibility in terms of premium lots generally refers to two considerations: ease of access and proximity to recreation opportunities.
Regarding ease of access, topography often defines premium lots. Accessibility could refer to flat, level terrain that is easy to get in and out of. This may also include well-maintained paths and walkways. The ability to drive, walk, and access your home and its surroundings with ease is especially valuable when it comes to considering any long-term needs to make life easier and hassle-free. A good topographic location also safeguards your home from natural disasters and reduces maintenance.
The second type of accessibility that will raise the price point of your dream home is access to recreation. This may include land that overlaps public trails, fishing access, and parks. Lots that are a part of these natural amenities are premium due to their closeness to the best natural features that active 55+ communities can offer. You’ll find many of these lots in places like Colorado and Arizona.
Space
We’d all like just a bit more space to enjoy the freedom of homeownership. A larger driveway, a generous garden and patio, or additional street parking may designate a lot as premium. These comforts often make up for the price in convenience alone. Additional space between neighbors is an attractive feature as well, offering peace and seclusion within the best 55+ communities.
Location Relative to Community
Want to be at the heart of it all? Or do you prefer a home set back from the hustle and bustle of a lively neighborhood?
A premium lot is determined by the position of the site within the community. It’s a good idea to ask questions about future construction plans or work closely with a retirement realtor to ensure you’re getting the value you’ve prioritized. A premium lot set in a central location can limit walking distance to nearby amenities like clubhouses and social venues. By contrast, if your ideal retirement is a bit quieter, other premium lots might be further from the main community hub. How much value the right location adds to your retirement experience is determined by your lifestyle, priorities, and, of course, your budget.
Finding the Right Homesite for You
So how much would you pay to live in your dream home? For the right price, you can build the home of your dreams on a premium lot in an up-and-coming 55+ community. Enjoy scenic vistas, nearby amenities, or just enough space from your neighbors. If these features sound like top qualities in your future retirement home, it’s a good idea to begin pricing premium homesites in your desired retirement destinations well in advance.
Check out our helpful buyer’s guide to learn more. The team at 55places is here to guide you through the retirement real estate journey every step of the way.
