On average, startup costs for developing a mini-golf course run about $150,000-$250,000. For larger courses, startup costs may run up to $500,000. The biggest variable in start-up costs is the price of the land, which can differ drastically depending on the state.
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On average, startup costs for developing a mini-golf course run about $150,000-$250,000. For larger courses, startup costs may run up to $500,000. The biggest variable in start-up costs is the price of the land, which can differ drastically depending on the state.
Desert Highlands (480-585-7444) is another club that costs a bit less. When you buy one of the 575 properties at Desert Highlands, off Happy Valley Road in North Scottsdale, you can also buy a golf membership for $75,000. It's a non-equity membership.
A well-planned solidly built mini-golf course in your backyard – even if simple and small – increases the financial value of your property. Although, remember to keep your construction in proper maintenance and shield it against direct sunlight and rainfall, e.g., with weather-resistant tarpaulin.
We'll start with one club that isn't even built yet. The Golf Club of Scottsdale (480-443-8868) will be an equity club limited to 265 members. Memberships cost $200,000 now, but will go up once the course is built, according to managing partner Mark Isakson of Scottsdale.
The most coveted tee times in Phoenix-Scottsdale can cost $150 onwards up to $300-plus during the peak golf season from January-March (tee times are usually the most costly during the PGA Tour's Waste Management Phoenix Open, which often coincides with the Super Bowl).
There's no place in the world that offers desert golf quite like Arizona, hosting some of the best courses in the USA such as TPC Scottsdale and Grayhawk Golf Club.
These 4 Scottsdale courses were ranked by Phoenix Business Journal as the Most Challenging Golf Courses in Arizona: 1. Desert Mountain – Sitting at the top of the list, Desert Mountain's Chiricahua course boasts a Slope Rating of 151.
Arizona is one of the best states in the country for golf, thanks to its dry climate and more days a year of sunshine than most states. It's also an ideal retreat for golfers to visit during the harsh winter months, as Arizona tends to be temperate during the fall and winter.
The gold-plated places are mainly in North Scottsdale and range from about $100,000 to $225,000 to join, though some big names cost less. After that, monthly fees cost from about $400 to $700. Many clubs require you to buy a lot or house in a development before buying a membership.
The initiation fee is $225,000. If you buy a resale house, the membership fee is usually included in the price of the home because almost all homeowners are members. Monthly fees are $525. These are equity memberships; so you get back something when you sell your house.
Desert Mountain. Desert Mountain (480-595-4000) is a complex of five - soon to be six - courses in North Scottsdale built over the past 15 years in an area of exclusive homes developed by builder Lyle Anderson. Jack Nicklaus' design firm laid out all the courses.
The Estancia Club (480-585-7373), on a dramatic rocky piece of property off Dynamite Boulevard, at the base of Pinnacle Peak in Scottsdale, was designed by Tom Fazio and developed by Discovery Land Co. of San Francisco.
Arizona offers a virtual quagmire of private-club options where you can easily sink that fortune. Probably the best advice is to find a Realtor who can guide you through the twists and turns of the system so that you end up with what you want.
Real estate is all about due diligence. Down payments are large sums of money and shouldn’t be taken lightly, which means that any wise aspiring golf course owner will take the time to conduct thorough research on every property they’re eyeing.
It is one thing to have ideas about returning a mismanaged course to its former grandeur, but it another to execute a well-developed plan. Follow these steps to formulate your strategy before taking action.
This blog is not investment advice and we aren’t advocating a golf course as a great investment, but we have attorneys that specialize in golf course laws in Arizona. The attorneys at MacQueen & Gottlieb are ready to guide you through the process of buying, owning and operating a golf course in Arizona.