Golf Course Sells at Discounted Price

TAMARAC, FL-Sabal Palm Golf Course in Tamarac, west of Fort Lauderdale, has sold for $2.08 million. That's $1.71 million less than it sold for eight years ago.

By Pat Taylor | December 07, 2001 at 01:01 AM

The deal was financed by a $1.25 million mortgage given to Park HG president Bradley P. Dressler as an individual, according to Integra Realty Resources, AREEA/South Florida, a Miami real estate research organization.

The golf course sold for $1.5 million in 1986, $3.8 million in 1990 and $3.79 million in 1993. The facility offers a limited pro shop but no country club amenities. The course caters to the price-conscious golfer offering rates far below other area courses.

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

1 Blackstone Says Tariffs Are Affecting CRE Investment

2 CRE's Women of Influence 2025

3 Economists Continue Raising the Likelihood of Tougher Economic Times

4 Amazon Signs One of Midtown Manhattan's Largest Office Deals Since Pandemic

5 CRE Spreads Widen as Tariffs Drive Lenders to Tighten Credit

Real Estate
GlobeSt. ELITE Women of Influence (WOI) 2025
July 21, 2025 - Denver

GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.
More Information
Real Estate
GlobeSt. Multifamily Fall 2025
October 15, 2025 - Los Angeles

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
More Information
Workers' Compensation Risk Management Award for Excellence Nominations
May 05, 2025 - Nomination Deadline

The 2025 Workers Comp Risk Management Award for Excellence honors outstanding loss control, safety and return-to-work programs.
More Information

Real Estate Markets That Could Win in Several Tariff Scenarios

By Kristen Smithberg | April 22, 2025

A Transwestern analysis said opportunities could be available for well-positioned industrial and multifamily assets.

Real Estate Markets That Could Win in Several Tariff Scenarios

Prologis Expects Increased Warehouse Demand Because of Tariffs and Trade Wars

By Erik Sherman | April 21, 2025

Where some big names in CRE see concern over strategic and operational uncertainty, the logistics giant looks for opportunity.

Prologis Expects Increased Warehouse Demand Because of Tariffs and Trade Wars

Solano County Cities Ink Deal to Annex California Forever Land

By Jack Rogers | April 21, 2025

Billionaire-backed effort to build new city eyes creation of a shipbuilding hub.

Solano County Cities Ink Deal to Annex California Forever Land

Leveling Up: Choosing the Best Renters Insurance Partner for Your Multifamily Housing Portfolio link

Guide

Sponsored by Assurant

Leveling Up: Choosing the Best Renters Insurance Partner for Your Multifamily Housing Portfolio

Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.

Browse More Resources ›

The Return to Office: Recovery Still Underway link

Guide

Sponsored by Placer.ai

The Return to Office: Recovery Still Underway

Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!

Browse More Resources ›

The State of Commercial Property Management Technology in 2025 link

Report

Sponsored by Building Engines

The State of Commercial Property Management Technology in 2025

Commercial property teams are navigating changing times where technology plays a crucial role in operations, tenant satisfaction, and sustainability. This report, based on insights from 370 industry professionals, reveals the biggest priorities, challenges, and opportunities for CRE technology adoption in 2025. Don’t miss it.

Browse More Resources ›