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.
Ace Golf to Buy Shuttered Plantation Palms GC
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.
Short Sale Planned for Plantation Palms GC
The 156-acre property in Land O’ Lakes, Fla., closed in May and is listed for $1.2 million, down from $2.2 million in 2011, and includes the 11,000-sq. ft. clubhouse.
A Week Later, Plantation Palms GC Reopens
A sign on the Land O’ Lakes, Fla., property’s clubhouse door that told golfers it was “temporarily closed until further notice” proved accurate, as the 148-acre property has reopened a week later. Jayson Ray, who has co-owned the golf course with Steve McDonald and Mitch Osceola since 2011, told the Tampa Bay Times: “We got some money.”
Plantation Palms GC Closes
Two signs on the clubhouse door of the 18-hole Land O’ Lakes, Fla., golf club told golfers that the property was “temporarily closed until further notice,” though no indication of the closure is made on the club’s website. One of the property’s three co-owners declined to comment on the matter, though county tax records indicate that the club had been struggling financially.