The course in an 821-home community in Land O’Lakes, Fla. closed two years ago and was listed as a short sale for $1.2 million, but the U.S. Department of the Interior approved the sale to Ace for $700,000. Members of the Plantation Palms Homeowners Association agreed to buy social memberships to the club for the next several years, accepting a $15-a-month surcharge on their association dues in exchange for discounts and other perks at the country club.

The Land O’ Lakes, Fla., golf course closed two years ago, and the owner/operator bought the property for $700,000 in a deal that could close in May. Repairs to the golf course are expected to cost a minimum of $1.5 million, and Plantation Palms Homeowners Association members have agreed to buy social memberships to the club for the next several years.