The 795-acre tract in Fairview, N.C., was supposed to be home to the first Tiger Woods-designed golf course in the U.S. back in 2007, but the original development failed and the golf course was never built. The land is listed at $24 million. A representative of The Cliffs released a statement noting that “only a small portion of the land is for sale, and this fraction is not currently owned by The Cliffs.”
A 795-acre tract in Fairview, N.C., that was supposed to be the site of the first Tiger Woods-designed golf course in the U.S. in 2007 is now up for sale after the original development failed, the Asheville, N.C.-based WLOS News 13 reported.
Bluejack National in Montgomery, Texas now has the distinction of being Woods’ first U.S. golf course, which C&RB featured as its January 2016 cover story.
The tract of land is now listed at $24 million, but Michael Posey, one of two brokers listing the site, said the property once sold for $40 million back when real estate was booming and before the housing market fell apart, WLOS reported.
The developer broke ground on the planned Cliffs at High Carolina in 2007, but the 18-hole golf course envisioned inside the huge property, encompassed by mountain ridges, never got off the ground. Only two houses were built on the site, WLOS reported.
Posey knew of the site and reached out to the owner by letter, and that’s how the partnership, after an extensive negotiation, developed. Posey is confident he’ll find a buyer, WLOS reported.
“This is the most beautiful piece of property that is within the closest mountain range to downtown Asheville,” Posey said. “This is going to be marketed to developers who have an instinct for a trophy piece of property like this one is.”
The site also has an eight-acre lake. “It’s rare to see a lake at this elevation,” Posey said, who feels the property would also work for a hotel developer, WLOS reported.
After the release of the story, a representative of The Cliffs issued the following statement:
“On Friday, March 25, the Asheville Citizen-Times ran a story referencing the former Tiger Woods golf course site at The Cliffs at High Carolina, stating the land is now on the market for $24 million. The story included several inaccuracies and in reality, only a small portion of the land is for sale, and this fraction is not currently owned by The Cliffs.
“The Cliffs at High Carolina was an assemblage of separately owned properties, totaling over 2,700 acres. An 800-acre section owned by the Straus family is currently on the market but is only a fraction of the land planned for the original luxury golf community development. The Cliffs will continue to be the largest landholder of property contained within the original Cliffs at High Carolina tract, owning over 1,900 acres.
“The Cliffs has an excellent relationship with the Straus’ and looks forward to engaging with their future neighbors on the High Carolina property.”