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How much did Doyle pay for the golf course?

The $3.8 million Doyle paid for the course, in Florida’s third-biggest market, is slightly more than the average purchase price ($3.1 million) for the 114 golf course sales tracked by Leisure Investment Properties Group last year. And the majority of transactions in the current environment involve first-time buyers, like Doyle.

When did PGA National Resort and Spa change hands?

PGA National Resort & Spa and its five golf courses previously changed hands in 2006 for $170 million and the property is now up for sale again. Beyond the golf courses, one of which hosts the PGA Tour’s Honda Classic, the luxury resort features 339 hotel rooms, a 40,000-square-foot spa, 42,000 square feet of meeting space, restaurants, and has invested $89 million in renovations since the 2006 sale.

What advice does Harbin give to first time buyers?

Harbin has several words of wisdom for first-time buyers. For the owner who’s already closed a sale and is now making plans for their new course, her advice is not to get “in front” of the revenue.

How much is Eagle Marsh?

Price: $4.9 million. Eagle Marsh is a Tommy Fazio-designed public course spread across 256 acres in an affluent, gated community in the heart of the Treasure Coast. The closest golf course to Hutchinson Island and its beaches, it is a premier South Florida golf destination.

Where did Dan Doyle Jr. play golf?

E very day for almost 20 years, Dan Doyle Jr. passed the same public golf course near Tampa, Fla., while driving his kids to school or heading to the office. The town-owned Belleview Biltmore Golf Club in Bellaire was the venue at which Doyle learned to play the game as a youngster and he’d frequently feel pangs of disappointment ...

Is the golf course market oversupplied?

D o profitable opportunities exist? Yes , but th e reality is that the golf course market is oversupplied, the byproduct of more than 4,000 courses being built from 1986–2005. It’s why course closures have outweighed new course construction for the past decade. While some closures are attributable to mismanagement, too few golfers, or too much competition, this trend has been largely driven by residential and commercial real estate, and the demand for land.