Housing developer Mungo Homes purchased the Little River, S.C., property with plans to close the golf course on March 1 for apparent redevelopment. A plan to redevelop the property and its 6,500-yard Russell Breeden golf course back in 2006 ultimately did not come to fruition following the housing market crash.
Cypress Bay Golf Club in Little River, S.C., has been sold to a housing developer, and the course is scheduled to shut down at the end of February for apparent redevelopment, the Myrtle Beach (S.C.) Sun reported.
Mungo Homes, which is based in Columbia and has a pair of existing developments on the Grand Strand, has purchased the course, the Sun reported.
General Manager Gene Blanton said the 6,500-yard Russell Breeden design, which opened in 1972, will remain open until March 1, the Sun reported.
“The course has been sold to a developer,” Blanton said. “They were ready to close it down now, but in order to treat our customers and employees right, we wanted [the employees] to be able to make arrangements to apply at other places.”
Cypress Bay is on the low end of green fees in the Myrtle Beach golf market, and the course’s greens, fairways and tee boxes have been overseeded to keep them green this winter, the Sun reported.
“The course is in the best shape it’s been since we’ve been here and we’ll keep it that way until we close,” said Blanton, who expects to move to the 27-hole Wild Wing Plantation in a position to be determined, as the two courses have common owners that include Grand Strand residents Ralph Teal and Gilford Edwards.
Their group purchased Cypress Bay a few years ago from a group of local investors who acquired it in the mid-2000s and submitted a redevelopment plan in 2006 to Horry County that never came to fruition following the housing market crash, the Sun reported.
The golf course is zoned as a planned development district, and there is already housing and condominiums around several holes, the Sun reported.
Cypress Bay will be the first full 18-hole course to close for planned redevelopment in the area since 2007. Approximately 20 18-hole equivalent courses closed between 2005 and 2007 for planned redevelopment, and many remain undeveloped, including the former 54-hole Bay Tree Plantation a few miles from Cypress Bay, the Sun reported.