Sense of place and well-being are two concepts considered to explore relationships between people and the physical environment. Sense of place is viewed as a multi-dimensional concept stressing cognitive (i.e. beliefs and perceptions), affective (i.e. emotions and feelings), and conative (i.e. behavioural intentions, and dependence) dimensions. This research evaluates the importance of sense of place in relationship to the quality of the neighborhood, and the well-being of the community as perceived by elders residing independently in neighborhoods. This paper investigates the effects of quality of neighborhood on sense of place and well-being as perceived by elders in the community. The purpose of the paper is to gain insight into the interaction between physical quality of neighborhood, well-being and sense of place. Results portray the perceptions of 200 elderly neighborhood residents to the shrinking of space, losses in community and physical decline of old age. The results balance these worries against the subjects' sense of place and find a strong desire to age in place in familiar settings in which there are known social and resource connections. The investigation illustrates the power of sense place for aging adults, and the need to recognize its importance in public policy, practice, advocacy, urban and architectural design, and research.