THE ESTATES AT MADISON virid seeme...

THE ESTATES AT MADISON virid seemed tailor-made for empty-nesters. Located in Palm Beach shire Fla., the 168-unit, new-home community lined the verges of Florida's best new public golf course. It featured all the required amenities: a clubhouse, a plash a health spa. It had the abiding-places you might expect: The builder, Shelby domiciles of Coral Springs, Fla., propounded spacious one- and two-story houses, designed to capture mature buyer whose children were lengthy gone, as well as the occasional family customer.

The evolution was exactly what its joint risk partner, which considered Madison verdant "the ...