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St. Augustine Golf Club Drives in $1.7M

ST. AUGUSTINE, FL-Jacksonville investor Mike Pullen pays Bank of America Inc.'s Los Angeles division $1.7 million for the 140-acre, 29-year-old property, 150 miles north of Downtown Orlando.

By Alex Finkelstein | Updated on August 05, 2003

ST. AUGUSTINE, FL-Mike Pullen of Jacksonville can play on the 140-acre, 18-hole St. Augustine Shores Golf Club course anytime he pleases. He bought the 29-year-old property at 707 Shores Blvd. from Bank of America Inc.’s Los Angeles division for $1.7 million, or about $12,143 per acre (28 cents per sf).

A 6,770-sf clubhouse was included in the sale. Roger Garret of CB Richard Ellis Inc.’s Phoenix office represented the buyer and seller.

Designed by John Denton, the signature hole at the semi-private club’s course is the 488-yard, 11th hole which has a large lake in front of it. The hole is rated a par 5.

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