Partners Joe Munsch of Evergreen Alliance Golf Ltd. and golf mogul Billy Walters of the Las Vegas-based Walters Golf have put Hilda Allen, president of Hilda W. Allen Real Estate Inc. in Adel, GA, in charge of the sale. "Our seller is very motivated. The partners have other interests. It's not in their portfolio or bailiwick to continue to operate this," she says. "They wanted to shorten the holding period and reduce the holding cost so we chose to market it with an accelerated marketing approach." The sale is set for Aug. 10 at 10 a.m. in the Omni Park West Hotel at 1590 LBJ Freeway in Dallas.

Allen tells GlobeSt.com that she expects two to five bidders based on the interest level from tour appointments. There is no minimum, but the sellers reserve the right to reject an offer. It's also predicted that one buyer will take all.

Based on comps for comparable properties, the course and 6,000-sf clubhouse should yield $3 million to $5 million, with the ante likely to go due to the extra developable land. The course's acreage is leased for the long from the Sabine River Authority of Texas.