Owner Mike McCaw hopes to identify a new owner for the Cincinnati, Ohio property by summer, but is still preparing the Arthur Hills-designed course for the 2018 season. The club is surrounded by a community of over 600 homes and a conservation easement would prohibit its sale for further home development.
Changes could be coming to the Legendary Run Golf Course in Clermont County, Ohio, the Cincinnati Enquirer reported.
Golf course owners McCaw Investments Ltd., announced plans on January 16 to sell the course, the Enquirer reported, with an asking price of $2.4 million.
Since its development in 1996 by Mike McCaw, the course has been a top attraction in the county’s Pierce Township, the Enquirer reported. The course has an appraised value of just over $1 million, according to the Clermont County Auditor’s website.
The sale will not affect the 2018 golf season, the Enquirer reported. McCaw, in a press release, said he hopes to identify a new owner by summer, but is also preparing to operate the course for the season.
Designed by Arthur Hills, Legendary Run is a championship course that is 7,100 yards from its back tees and includes nine lakes, heavy woods, and rolling hills, according to its website. It’s surrounded by the Legendary Run community, which includes a mix of family homes, patio homes, and condominiums.
Golf Property Analysts (GPA) of Conshohocken, Pa. is marketing the property.
“GPA is one of the leading appraisal and brokerage firms in the country,” McCaw said in the release. “We believe their expertise will prove valuable in both marketing the course as well as assisting potential buyers in obtaining financing and developing a positioning strategy for the course.”
While it is believed that the course will be more attractive to a local or regional buyer, it is being marketed nationally, McCaw added.
Pierce Township Trustee Bonnie Batchler said she’s heard rumors over the past few months that the golf course might be for sale, the Enquirer reported.
There are concerns in the community about the future of the golf course and other possible uses for the land, Township Administrator Loretta Rokey added. And Rokey noted that it was important for residents to know that the course has a conservation easement on it.
“It’s not available for sale for more houses,” she said. “That’s important for people to understand.”
Since 2000, Bob Pautke and his wife, Linda, have lived in Legendary Run on the golf course. There are some concerns about the next owner, but overall there’s a trust of McCaw, the Enquirer reported.
“Mike has been a good neighbor,” he said of McCaw. “I know that in talking to him recently, his interest is in finding a buyer who is interested in maintaining the level of the course and in being a community neighbor. Because that business is neighboring over 610 homes.”
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