A. Quang Do and Gary Grudnitski (1995) analyze the effect of having a house placed directly on a golf course. Their study was done using data from a suburb of San Diego, CA. They choose certain houses located directly on golf courses, and near golf courses (properties that are across the street perhaps, but do not border the golf course). Then, to control for the effects of any other location specific factors, they choose certain houses from areas not near golf courses. Using these houses they arranged a grid to collect their data. The features they include in their regressions were age (years), number of bathrooms, number of bedrooms, total square footage of the house, number of fireplaces, lot size (square feet), time on the market (days), a dummy variable indicating if the property has a tin roof, a dummy variable indicating if the
property has central air conditioning, and finally a dummy variable indicating if the house is on a golf course. They found that property on golf courses are about 7.6% more valuable.