Jan. 27, 2011
Origins of Greatness
Legacy, the once super-hyped master planned community in Idaho backed by Mia Hamm, Jack Nicklaus, Mark Spitz and Jim Courier is emerging from its three year recession slumber. We predict it will once again rise to glory, although it will look much different than the original planners envisioned. Back in 2006, the marketing pieces boasted that Legacy will be a collection of sports academies including golf, swimming, tennis and soccer.
Legacy’s plan was to feature a World Cup-sized soccer field, a remarkable Nicklaus-designed golf practice facility, an Olympic-sized signature swimming pool, indoor and outdoor tennis courts, and 8 miles of walking and biking paths. Mia Hamm, an original spokesperson for the project became a household name as a member of the U.S. Soccer team that won the 1999 World Cup and Olympic gold medals in 1996 and 2004.
Legacy originally started as an 18-hole Nicklaus golf course community. However, that idea was halted with resistance from community officials who feared the development would bring in too much traffic. In the end, the city of Eagle toned down the 18-hole course to three holes. (A practice course.)
Fast forward to 2011; a new owner, Marty Goldsmith with Horseshoe Flats Development (and a group of investors have) have bought the 590 acre subdivision out of receivership and plan to have Phase 2 ready for homebuilders in the next couple of months. The abandoned lawn tractor on the practice green, which has set on the course for three years will soon be removed. It is reported the infrastructure for the development, including the impressive subdivision entry monument cost over $14 million dollars. The new owners bought their phases at a fraction of that cost. This is what guarantees that the project will be profitable. (The original investment of the infrastructure will not need to be paid back.)
The plan for the new Legacy is offer more amenities within the community than most other Treasure Valley neighborhoods. A mix of custom and semi-custom builders will purchase lots that will be specific to each phase. It’s also being reported that the first of many lakes will be excavated soon, including one that will be 7 acres and be surrounded by homes with docks allowing for boating and paddle boarding. Mark our words, the day will come in the next few years where Legacy Boise real estate will be some of Idaho's finest.
Search for available Legacy homes. This list is updated every 15 minutes from information provided by the Boise MLS.
-Alei Merrill at Accel Realty Partners