Bob Parsons, who also serves as the domain registrar and web hosting company’s executive chairman, purchased the 292-acre private golf course and renamed it Scottsdale National Golf Club last month. Since Parsons sold a portion of GoDaddy to a private equity firm in 2011 for $2.25 billion, he has purchased nearly $200 million in Phoenix-area real estate.
GoDaddy founder and executive chairman Bob Parsons is continuing his Phoenix-area real estate buying spree, this time snatching up the Golf Club Scottsdale, the Phoenix (Ariz.) Business Journal reported.
The 292-acre members-only golf course is almost entirely surrounded by the McDowell Mountain Preserve. According to county records, the sales price for the land was $600,000, the Business Journal reported.
Records in the Arizona Corporation Commission and the Maricopa County Recorder’s Office show the transaction took place last month through his newly formed entity, Scottsdale National Golf Club LLC, in which Parsons is a member. The seller was an entity controlled by Crown Golf Properties LP, the Business Journal reported.
Parsons also has changed the course’s name to Scottsdale National Golf Club, the Business Journal reported.
Dan Dahl, who manages Parsons’ real estate portfolio, did not immediately respond the Business Journal’s request for comment.
Parsons, who according to Forbes magazine is the third-richest person in Arizona, sold a portion of GoDaddy to a private equity firm in 2011 for $2.25 billion. Since then, it’s estimated that he’s purchased close to $200 million in Phoenix-area real estate, the Business Journal reported.
“It’s still relatively quiet what (Parsons) is going to do with it,” said Pete Charleston, President of Scottsdale-based GolfLogix, a developer of GPS-based technology for smartphones.
The 18-hole course opened in 2003 and had caps on the number of members it allowed. In 2011, the course slashed the price to join from $110,000 to $25,000 and had only 160 of the 350 total members it allowed, the Business Journal reported.
Local real estate developer Lyle Anderson recently began building a 250-home community dubbed Sierra Reserve near the course, the Business Journal reported.
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