What are master-planned communities?

 A master-planned community refers to a large-scale residential plan offering a myriad of commercial and recreational amenities, from lakes, parks, and bike paths to stores and restaurants, golf courses, tennis courts, and playgrounds.  Some neighborhoods of this type may even have malls, schools, and office parks, clearly distinguishing them from your typical subdivisions, explains real estate firm Investar USA.

In terms of space covered or taken, the average master-planned community is normally sprawled over 2,500 acres of land.  It is its own self-contained environment strategically located in an urban or suburban area.  It can be distinguished in a way that multiple subdivisions are present and have their own unique features, characteristics, and target market.  For example, one area can have a niche market composed of retirees. 

While housing prices and the sizes of lots may vary depending on their location within the neighborhood, all residents of master-planned communities will have access to the amenities.  In most cases, these are made available exclusively to residents and guests. 

Nowadays, developers of these master-planned communities are seeing how partnering with adjacent land owners can improve sales and name recognition, explains Investar USA.  Already grand in scale, these communities are ready for further expansion to offer more unique features attractive amenities to prospective buyers.  All in all, the self-contained nature of master-planned communities is in line with the rise of mixed-use development in many major cities and hubs. 

Real estate firm Investar USA has over 30 years of experience in construction, renovation, and repositioning.  For more information on the company and its services, go to this