Outside investors, Matanzas sale, splitting up Cypress and Pines courses.
Palm Coast, FL – August 25, 2014 –My rumor antennas are quivering. After hearing on and off for months about the on again/off again sale of the Matanzas Golf Course I can now say for certain that something is probably going to happen at the Pines and Cypress too. The Pines Golf Course, the Cypress Course and the closed Matanzas course, collectively known as The Grand Club, are owned by Golf Group of Palm Coast LLC.
As the story is related to GoToby.com, two new “investors” from North Carolina are now in the Grand Club picture. There is apparently an interim agreement with the new group having an option to buy the Pine Course. Beginning early next year, Golf Group LLC will operate the Cypress Course while the new group will take over Pine Lakes.
The Matanzas Course is still rumored to be under contract for a reported $200,000. A few previous closing dates have been rescheduled. I understand that the potential buyer has asked for a boundary survey before closing.
In what is perhaps a related matter, Golf Group of Palm Coast filed a Quit Claim Deed on a vacant single-family lot at 166 Laramie Drive to Henry Angle. Angle is listed as one of three Managers of Golf Group of Palm Coast LLC. The lot is located behind the 18th tee of the closed Matanzas Golf Course.
Rumor: (noun) A current story or statement without confirmation or certainty as to facts