Naples golf club for sale, 'best and final offers' encouraged
In the week's top commercial real estate news, Port Charlotte apartments sell for $66.5 million, and an experimental Tampa redevelopment gets a new leasing agent.
The long game: The Pulte Home Co. has put the Golf Club of the Everglades on Vanderbilt Beach Road up for sale. In a letter emailed last week, Pulte says it is considering a “potential sale” and set the parameters of how to bid on the club. It also provided a detailed six-step outline on how the process will work. In the letter, signed by Scott Brooks, Pulte’s director of real estate, the company says it is looking for “a discerning purchaser who shares our commitment to preserving the historical exclusivity of the club” and that will work with the community around it. The letter does not state a price and Brooks did not answer questions about how much the company seeks for it. He does write that “we encourage interested parties to submit their best and final offers. In addition to price and terms of the offer, consideration will be given to the individual group, or company that we believe will be the best custodian for the preservation of Golf Club of the Everglades.” The private club is at 8835 Vanderbilt Beach Road. It sits on 261 acres and is surrounded by Pulte’s Greyhawk community. Rees Jones Inc. designed the course.
Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.
Your free article limit has been reached this month. Subscribe now for unlimited digital access to our award-winning business news. Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.