Country club golf course

Palm Springs, CA (Riverside County)

Country club golf course

Asking Price:$5,600,000

Cash Flow:N/A

Gross Revenue:$2,779,500

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:N/A

Established:N/A

Country club golf course

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Business Description

Total land is approx 153 acres. 960 residential homes owners are the extra income source and developers are welcome for extra land. Already 960 condominium had been built around golf course. Current annual gross income is $2,779,500 including the extra income $460,000 from residential home owners
in this community.
Qualified buyers only will be invited.
joseph@newstarrealty.com 213-272-6726

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
N/A
Facilities:
Golf Set against spectacular panoramic views of the Santa Rosa and San Jacinto Mountains, The Country Club is delight for any golfer. The par 72, championship golf course enjoys the splendor of mature trees and lush landscaping. The unique design features spacious fairways and enlarged greens. Strategic locations of the many lakes and sand bunkers, as well as a choice of four tee placements on every hole, provides a challenge for both the professional and novice golfer alike. Complete practice facilities are available to perfect your skills for the adventure that awaits you on this course. Tennis 13 Lighted Tennis Courts and an expansive 1500 Seat - Lighted Stadium Court. All courts have been newly resurfaced in the fall of 2015 to meet the exact standard and specs (dark purple interior & green exterior) to perfectly match the Indian Wells Tennis Garden Courts just 1/2 mile away- One of the very finest and socially welcoming tennis court layout & spectator friendly designs, and w one of the large tennis clubhouse facilities in the Palm Springs. Tennis club has played host to many of the largest regional, national and international tennis events in California including: The Palm Springs International Tennis Championships, Home owners . Common Interest Residential Development consisting of 960 individually owned homes situtated on or near our golf course. The Resorts homeowners are an important part of this community, participating in the Men's Golf Club, the Women Golf Club, and the Lady Putters, among other activities. Homeowners are entitled to golf, pro shop, and food and beverage discounts, as well as preferred tee times and other amenities.
Growth & Expansion:
Operating expense can be reduced so much if owner operated this facilities by him/herself
Support & Training:
Seller will do
Reason for Selling:
To be retired

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Joseph Kim

Business Listed By:
Joseph Kim

New Star Realty

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