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Fun fact, there's a swanky gated community in Florida where you can do just that:

Fly-in communities are actually pretty common as far as aviation stuff goes. There are probably several hundred in the US.

But most of them have runways made for small general aviation bugsmashers, not 707s.

While that sounds like a great concept I'd be worried about the constant lawnmower tier noise that GA planes make over my home.

Then you probably shouldn't buy a house where the biggest selling point is that it's directly connected to a runway.