For Sale: the incorporated, and still inhabited, 62.5-acre village of Golfview, Fla., home to 62 families (all of whom are looking forward to the windfall). Asking price: About $35 million.

Golfview, only three miles from the center of West Palm Beach, recently celebrated its 50th anniversary. Most of the 210 residents realize that if things go well, they may not celebrate another one.

Here's why: Little Golfview has voted to sell itself to the highest bidder.

Golfview was chartered on June 11, 1937, and its first residents were George and Neva Mae Brockway, who owned a cottage there. On July 4 of the same year, the Brockways went to their vacation place for the holiday and decided to move there permanently.

Neva Mae Brockway still lives in that same cottage, which sits on a large lot that was the site of the town's birthday party on June 14. Her son, Robert, lives next door.

In the beginning, the then-remote hamlet was located near little Grace Morrison Field, named after a local pioneer aviatrix who gave flying lessons in propeller-driven planes.

In 1934, the Works Progress Administration built a golf course nearby that became the West Palm Beach Country Club. (The clubhouse became -- and still is -- one of Golfview's residences.) But during World War II, the government condemned much of the golf course to expand the airport for military use.

Today, Morrison Field is Palm Beach International Airport. And the traffic -- both air and ground -- has picked up considerably. Two major highways surround little Golfview, and a new airport terminal under construction will double passenger capacity by next year, according to Dean Turney, Golfview's town manager.

As a result, the area surrounding the airport is becoming a commercial hub, with 2 million square feet of office space already planned.

Because the area around the growing airport has increased in commercial value so much, little Golfview took a giant step two years ago and voted to sell itself, in toto, to the highest bidder.

The asking price is $35 million, with the sale to be handled by Boose, Casey, Sicklin and O'Connell, a law firm specializing in land sales, and attorney Al Cone Sr., a Golfview resident.

Golfview residents think the land might better be used for a convention center, hotel or the sort of light industry that often springs up on the fringes of an airport.

Increasingly, residential neighborhoods, including some in the Washington area, that feel they are being overrun by commercial development have opted to sell their land and homes en masse rather than continue to try to cope with traffic and commercial ventures in their midst. But Golfview's venture, because it encompasses the entire town, is highly unusual.

It's not that Golfview wasn't lovely in its day.

Michael D. Lebedecker, a lawyer and resident, said: "We have a little tiny town hall with a steeple. Lots of trees. Everybody in the town has a job; the former mayor was the veterinarian who lives across the street from me. They put me in charge of zoning variances -- probably because I built a big wooden shed behind my house."

Golfview does not have a school system (Palm Beach County runs the area's public school system), but it does get a share of county taxes and can apply for federal matching funds.

The town's business is carried out by Mayor John Socht, a Golfview resident, and Town Manager Turney, who isn't. Turney's administrative assistant, Tina Porter, described the village as "very pretty," although it has no ocean frontage. "Golfview is run just like any town, only smaller," she said.

Reporters from the Miami Herald and the Palm Beach Post went to Golfview's birthday party and quoted nostalgic remarks by people who said it was a shame that the town may not celebrate another anniversary.

But Lebedecker says that "actually the town is very happy to see it happen because we're all going to get a lot of money."

The amount each homeowner will receive depends on the square footage of his lot as well as overall property values, which range from $60,000 to $300,000, Turney said.

The average homeowner's property is worth about $100,000 by itself, but Turney said he expects that such a property will yield about $300,000 as part of a sale of the whole town.

Lebedecker, a retired U.S. Navy officer who holds a law degree from Catholic University, moved to Golfview from Springfield, Va. From his law offices in West Palm Beach, he explained how the town went about its plans:

"About two years ago, at a town meeting, a nonprofit corporation was formed by all the town residents, empowered to sell the town. When a contract is signed, the town council will revote to rezone it commercial, and then the money realized from the sale will be split up on a very interesting basis:

"In order to protect a person with a large lot with a relatively inexpensive house on it, as compared to someone with an expensive house on a small lot, each homeowner will get a certain amount per square foot as determined by selling price plus twice the assessed value of the improvements. That formula will determine what share of the selling price each owner gets. An independent appraiser appraised the whole town at the same time.

"Additionally, each property owner signed an agreement submitting their property to this plan. This is a covenant that goes with the deed and is then recorded in public records, covenants that run with the property {for seven years}."

Lebedecker said that officers of the corporation are empowered to go out and find a buyer and that any buyer must agree to deal only through that corporation. "The exception," Lebedecker said, "is Robert Brockway, who is a trustee for his mother's property, part of which is presently commercial, with a little gas station and so forth. To safeguard the trust, that property might be negotiated separately."

Golfview is revising its land-use plan, required under Florida law, so that it can arrange the sale as commercial property.

"Right now, the land-use plan says it's going to be residential," Turney said. "Now the land-use plan is being revised to allow residential areas to convert to nonresidential use." That would occur only when the town is sold.

"Every morning I wake up and think, 'Today might be the day I'll be rich,' " said Lebedecker.

But he also believes the town is not "being marketed aggressively. There are no major buyers in Florida. We need the Japanese or an Arab to come in and buy the town -- they are investing in real estate. The big investors are in Boston or New York or Washington or overseas."

Turney, who has served as Golfview town manager for about five years, observed: "All in all, it's a relatively tight-knit community. In a sense, it's kind of a shame that this municipality is considered ancient already. Right now it's still a nice place to live, if it weren't for the noise."