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



Please visit our Listings Page to get an overview of our portfolio of Leisure Investment Properties for Sale in the United States. In addition to the properties for sale on our site, we have additional resources to find investment properties for sale anywhere in the United States.



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Steven Ekovich
Vice President & Managing Director, National Golf & Resort Properties Group
Marcus & Millichap

Eddie Greenhalgh
Broker of Record
Marcus & Millichap REIS of Alabama