ELIZABETH, Colo. (CBS4) – Spring Valley Golf Club will be auctioned off later this month by Castle Rock-based NavPoint Real Estate Group, according to Business Den. The 240-acre golf course opened in 1998.
The online auction opens on Nov. 19 with a starting bid of $900,000. The 18-hole, par-72 course is currently owned by Haynes Family Limited Partnership.READ MORE: When I See A 50% Chance Of Rain In The Forecast, What Does That Really Mean?
NavPoint principal Matt Call told Business Den the golf course is expected to generate $300,000 in net income this year.READ MORE: Colorado Weather: Monsoon Storms Return Sunday, But Focus Shifts A Bit West
“It’s a very busy place, very popular for outside events,” Call told Business Den. “There’s a booming residential development in and around the golf course; Century Communities has started construction on 200 new homes. I think it’s a great asset in an area that’s booming.”
The property includes a pro shop, clubhouse, restaurant, maintenance facility and excess land available for expansion or development.MORE NEWS: Boat Ramps Closed At Three Western Slope Reservoirs, Closures Expected At Blue Mesa As Water Level Drops