Which type of real estate typically includes recreational areas and facilities?

The type of real estate that typically includes recreational areas and facilities is special purpose property. This category is designed to serve specific needs and often encompasses properties that are used for recreational purposes, such as parks, golf courses, sports complexes, and community centers. These properties are not regularly traded in the typical real estate market but are essential for community services and recreational activities.

Special purpose properties have unique characteristics, which means they often require specialized knowledge to appraise and insure. Their primary purpose is to meet specific community or public needs, differentiating them from other types of real estate that may serve more general residential, agricultural, or commercial functions.