Homebuilder D.R. Horton Inc. purchased the 172-acre golf course from Civix Sarasota GC LLC, which bought the property out of foreclosure for $2.2 million in November 2003 and planned a residential development for nearly a decade. The golf course closed in May 2013 to make way for a new development, but D.R. Horton declined to comment on its plan for the property.
Texas-based homebuilder D.R. Horton Inc. has purchased the former Sarasota (Fla.) Golf Club for $7.025 million, the Sarasota Herald-Tribune reported.
Civix Sarasota GC LLC, managed by Wallace R. Devlin, sold the 172-acre course and a related clubhouse after planning a residential development there for nearly a decade, the Herald-Tribune reported.
Civix Sarasota bought the club—one of the oldest and most affordable public courses in Southwest Florida—out of foreclosure from Wells Fargo for $2.2 million in November 2003, the Herald-Tribune reported.
The 52-year-old golf course closed on Memorial Day 2013 to make way for a new housing development, ending a decade-long battle between Devlin and residents who live alongside the links, the Herald-Tribune reported.
Officials from D.R. Horton declined to comment to the Herald-Tribune on the specifics of its plan for the former golf club.
Prior to Devlin’s purchase, a number of other owners planned to replace the course with housing. The property is zoned for residential development, the Herald-Tribune reported.
Miami-based home builder Lennar Homes considered building houses on the property more than a decade ago, and in the mid-2000s national builder Centex Homes also planned to buy the course to develop 106 estate-sized houses, the Herald-Tribune reported.
Local homeowners filed suit to block that development, though, and Centex eventually dropped its bid, the Herald-Tribune reported.