Abstract
Hedonic price modeling quantified the impact of golf coursefrontage on single-family housing prices at 20 different golfcourses across the Midwestern city of Omaha, Nebraska.Geographic information system analyses tripled a sample of golffrontage sales, which allowed courses to be valued by detailedaccess and ownership types, and for 15 individual courses.Private non-equity courses had the greatest impact on adjacenthousing prices (28%), followed by public courses (15%),municipal courses (9%), and private-equity courses (5%).However, a wide range of price impacts across individual courseswas noted, which indicates the benefits of conducting course-specificanalyses.
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