SOLD: Limestone Springs Golf Club with Developable Land Component
Birmingham, AL


Price: $2,950,000

Down Payment:
Year Built: 1999
Total Acreage: 626 MOL Total Acres

Property Overview

Holes: 18
Yardage: 6,987
Type: Semi-Private
Par: 72
Rating: 139.0
Slope: 74
Property Vital Data





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Investment Highlights

18-Hole Championship Golf Course Designed by Jerry Pate & Rated 4.5 Stars by Golf Digest
Non-Golf Amenities Include Mountain Top Pool,
Separate Banquet Building with a Full Kitchen and a Grille Restaurant
& Bar Located within the Clubhouse
Golf Club Offered at 1.29x GRM (Gross Revenue Multiplier) from appx. $1.4M of Revenue in 2013
Includes 221.4 Acres Developable Land with Plans for 205 Homes - Priced at ONLY $3,388 per Acre
Includes 19 Single-Family Lots Priced at 28.9% of Current Retail Value


 
 
 

 

 
 
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EXCLUSIVELY LISTED BY:

Steven Ekovich
Vice President & Managing Director, National Golf & Resort Properties Group
Marcus & Millichap
813-387-4791
Steven.Ekovich@marcusmillichap.com

Eddie Greenhalgh
Broker of Record
Marcus & Millichap REIS of Alabama