Golf course is still actively managed by an individual but all buildings and equipment are getting old and considered to have little to no value. Value is in the housing development potential unless someone wants to revitalize the course. The current owner said he makes about $85k on the course but used to make over $100k when he put more time and effort into running it (No business books available). He currently charges $10 per 9 holes with a cart. 3 Working wells on site.
Do not go to site unannounced, Seller’s significant other does not know he is selling. Must schedule with us for viewing.
Houses in the bordering neighborhoods were built in the 80s and 90s and are selling for $130-$145 per square foot.
Potential buyers will need to check with the county for development potential. Zoned PUD. Future land use is mostly Rural Transition. Borders housing development. Off County Road 44 in Lake County.
Parcel Number: 311826000300001300 & 311826000400001700.
Seller Financing Terms
- Price: 450,000.
- Down: 100,000.
- Pmt: 1,000. per month for 60 months
- Balloon: 290,000. in 60 months