Golf investor group buys Plantation Palms

BUYER: M.J.S. Golf Group LLC (principals: Mitchell Osceola, Steve McDonald and Jayson Ray), Davie

SELLER: Plantation Palms Golf Club LLC

PROPERTY: 23253 Plantation Palms Blvd., Land O' Lakes

PRICE: $2.18 million

LAW FIRM ON DEED: Glenn Rasmussen Fogarty & Hooker, Tampa

PLANS, DESCRIPTION: Davie-based M.J.S. Golf Group LLC purchased the 18-hole semi-private Plantation Palms Golf Club for $2.18 million.

The price equated to $120,833 per hole.

“The price was right for it,” says one of the owners, Steve McDonald. “We plan to ease into it offering more food and beverage offerings and theme nights. We will also be kicking off a membership drive and making a few minor irrigation changes to the course.”

Plantation Palms is the first golf course acquisition for the partnership, which is trying to buy and manage several other courses. The group's management company, Ha-Sho-Be Golf, has applied to manage the Arrowhead Golf Course in Davie.

“We're planning to go slow, but over the next few years we want to [own or manage] between three and four,” says Mitch Osceola, another owner. “That's one reason we want to be make sure we do this right; Plantations Palms will be our flagship.”

M.J.S. Golf Group mortgaged the property to Native America Bank for $2.18 million.