Starting bid is $900,000.
Spring Valley Golf Club in Elizabeth, just east of Castle Rock, is going to hit the auction block on November 19. The 240-acre property is home to the 18-hole, par-72 golf course, along with a clubhouse, restaurant, pro shop, maintenance facility, and two vacant lots that are zoned for commercial use. Additionally, the property holds historical water and mineral rights that will come with the purchase.
Those interested in the Spring Valley Golf Club can register to bid online. Bidding will start at $900,000, however, keep in mind that a $10,000 deposit is required. The winning bidder must put forth 10 percent of the total purchase price within 24 hours of being accepted, and the full deal must close within 30 days.
Courtesy of Spring Valley Golf Club (Facebook)
The golf course was built in 1998 on part of a large working cattle ranch owned by Ronald L. Haynes, who passed away in 2003. Haynes formed the Haynes Family Limited Partnership, which is currently selling the property. It's a rural, public course and has been a big part of the community, hosting many professional golfing events and qualifiers, as well as high school golf championships, over the years.
Currently, membership will cost about $2,000 per year without carts, and just over $2,500 with golf carts. Non-members can play the full 18-hole course for between $25 and $35.
Spring Valley Golf Club was sold in 2003 to Running Creek Golf LLC and underwent a multimillion-dollar renovation from 2003 to 2005. It was then re-acquired by the Haynes family in 2010, according to agent Matt Call. The family no longer lives in the area and wants to allow the property to go under new ownership. According to Call, there are several interested parties, as this is quite a deal on a property of this type.
What do you think? Will you be hoping to get a bid in on the Spring Valley Golf Club? Sound off the comments below.