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Let's consider keeping Twin Lakes country club | Federal Way letters
As a local Realtor and Twin Lakes homeowner, I am in support of Twin Lakes Country Club and Golf Course.
Twin Lakes is a respected community with affordable home values, excellent schools, and nearby shopping and dining that are within walking distance. Even though my home is not on the golf course, I recognize the value the country club and golf course bring to this quiet suburban community.
In promoting Federal Way real estate, I often mention the benefits to potential buyers of living in the Twin Lakes area and include the country club brochure when I broker a Twin Lakes property. Recently, I have heard Twin Lakes residents murmuring about having to "bail out" the country club. While it may seem that way on the surface, there is more to consider in this dilemma.
Closing the country club and golf course will mean declining home values for the entire Twin Lakes Community. Mr. Sato, in a letter to the editor Dec. 2, expressed valid concerns: He mentioned a conservative 5 percent and possibly 10 percent decline in Twin Lakes home values. I believe that home values will decline at least 10 percent, and many of us who study the real estate market feel that decline may be closer to 20 percent or more in all of the Twin Lakes subdivisions.
What does that mean to those of us who own homes in Twin Lakes? Not much if you never plan to sell and not much if you don't care about the stigma of an unsightly and abandoned golf course that runs throughout the various subdivisions. However, when the homeowners sell at some point in the future, they will want as much money as possible. The country club with affordable membership of $25 a month will allow those homeowners to promote their property with benefits of a beautiful swimming pool, tennis courts, a place for gathering with friends and neighbors — and even upgrade their membership for a reasonable price to enjoy golf.
The value that the country club brings in terms of maintaining property values, the social opportunities to make new friends, entertainment, watching televised sports events and golf enhance the quality of life for the community at a very low price.
In today's challenging economy, with the recent significant decrease in real estate, wouldn't you agree that for a mere $25 a month, it makes sense to keep the country club rather than lose even more property value?
Lori DeVore, Federal Way