Steven Ekovich, Executive Managing Director, just announced the sale of Pinewild Country Club of Pinehurst. Christopher Karamitsos, Senior Managing Director, was the lead advisor for the transaction.
The property was sold for $19,750,000 (combined golf course and the land). The Leisure Investment Properties Group, a renowned industry leader in golf course and marina sales nationwide, served as the Golf Advisors for the purchase. The group has sold over 200 golf courses, marinas and other leisure - lifestyle investment properties in the past few years.
Located just one mile from the quaint and historic Village of Pinehurst, this gated golf course community offers residents a gracious and private lifestyle. Pinewild features two 18-hole championship courses, the Gene Hamm designed Magnolia Course and the Gary Player designed Holly Course, along with the Azalea, a 9-hole par 3 course.
In addition to golf, the club boasts a world-class practice facility and golf academy, a 25-meter Olympic swimming pool & children’s wading pool, 4 Har-Tru tennis courts and a centrally located clubhouse which houses the pro shop, locker rooms, dining rooms, snack bar and a spectacular patio overlooking the Magnolia course.
Included in the sale was an additional 500 +/- acres of land for residential development. Based on current density, new ownership has the potential to develop 1000+ future residential sites. As is, there are over 900 homes existing within the community with home values ranging between $325,000 - $1,750,000.
This is the first year of the Veteran Business Expo, and it grew out of Fayetteville PWC’s Economic Impact Program, which focuses on expanding access and opportunity in public-sector contracting while strengthening the local economy. It builds off th
Lynlene Apiary and Crafts is owned and operated by mother-daughter duo Carolyn Kleinert and Jolene Kleinert. They are certified apiarists and sell honey, candles made with beeswax, soaps and other crafts at local farmers markets. Photos by GFBJ.Lynle
Big T’s has been a local favorite of Hope Mills since 2000 when Timmy (Big T) and Donna Gray first opened right on Hope Mills Lake. It is a seasonal restaurant, so many of Big T’s loyal customers were happy to hear they would now be open year-round, seven days a week.
