Months after emerging from Chapter 11 bankruptcy, WCI Communities, the Bonita Springs, Fla.-based home builder, put a portfolio of seven golf courses up for sale. The courses — all located within a five-mile radius in the Sun City Center area — have an asking price of $13,725,000.
Marcus & Millichap Real Estate Investment Services was retained by WCI to exclusively market the seven courses, according to Bryn Merrey, regional manager of Marcus & Millichap’s Tampa office.
The seven-course portfolio consists of the two premier 18-hole courses, Scepter Golf Club and Club Renaissance, two 27-hole championship courses Falcon Watch and Sandpiper, two executive courses, Kings Point and Caloosa Greens and the 18-hole North Lakes Golf Club. The portfolio includes all of the golf courses, golf club amenities and all maintenance equipment and facilities.
Built in the 1960s, Sun City Center is located less than 20 miles from the heart of downtown Tampa. It began as an active retirement community with such recreational activities as tennis, swimming, shuffleboard, lawn bowling and golf. Since that time, WCI has grown Sun City Center into a 12,000-plus household development, providing residents with state-of-the-art amenities that include recreation centers, baseball fields, fitness and spa centers and some of the Tampa Bay area’s finest golf courses, designed by architects such as Chip Powell and Ron Garl.
“Even before the portfolio hit the market on April 2, there was significant interest due to the quality of assets, reasonable pricing and the potential for an instant golf footprint in this golf-centric market,” said Steve Ekovich, vice president investments and director of the National Golf and Resort Properties Group of Marcus & Millichap.