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.

After receiving a letter, reportedly from a disgruntled employee, that league players at the Florida municipal course were each putting $20 into a pot that would be divided among those shooting low rounds or winning other competitions, local police looked into possible violations of statutes that prohibit the “operation of a gambling house” and the “promotion of games in connection with the sale of a product or service.” After the investigation was forwarded to the Florida State’s Attorney Office, the club’s Course Manager/Director of Golf told league players they would have to stop the practice and retained an attorney to protect himself personally against possible felony charges.