Tuesday, October 30, 2007

Have you always wanted your own golf course?

If so, I have the deal for you. Buy this very good course and you not only become superintendent, director of golf, and all around clubhouse head honcho, but you can be mayor and sheriff as well.

GolflajitasxlargeA few months ago I wrote about unique Lajitas, a resort in the middle of nowhere on the Texas/Mexico border fashioned from an entire historic Old West ghost town. Developers turned it into a luxury resort with a new golf course, spa, and tons of amenities, all while preserving the cowboy character, right down to wooden sidewalks and original saloons.

Well I’m sticking to my guns when I say Lajitas is a fun and one of a kind place, but, at 250 miles from the nearest commercial airport, maybe it was just a tad too hard to get to. The 25,000 acre, 92-room resort went on the auction block last week after the original developer filed for bankruptcy, and for the right price, the golf course ownership dream could be yours. Creditors are hoping for a price of around $20 million (the previous owners have about $14 million in outstanding loans after buying the town for $4.5 million). The sale is being handled by Marcus & Millichap Real Estate Investment Services in Phoenix.

Photo courtesy Lajitas

1 comment:

secate said...

Some of the golf course positions you mentioned in your post are currently filled with hard working dedicated and highly qualified employees who depend on their jobs to support their families. We are still here. We are still working. It seems that you are assuming these positions are just "up for grabs". I have high hopes that a new owner or investor will utilize our knowledge and experience so I can continue to live and work in a place I truly love.