The asking price for WCI's golf course portfolio is $13,725,000, says Chris Karamitsos, co-founder of the National Golf and Resort Properties Group at Marcus & Millichap in Tampa which has been retained to represent the company. He says that anyone interested in buying one of these courses, or the whole portfolio, should go to the company website--nationalgolfgroup.com--for more information about the properties.

Built in the 1960s, Sun City Center is a retirement community near Tampa, which is centered around golf, says Karamitsos. Included among the courses up for sale are two 18-hole courses, Scepter Golf Club and Club Renaissance, and two 27-hole champion courses, Falcon Watch and Sandpiper.

WCI, which is now a private company, has eliminated more than $2 billion worth of debt and liabilities. Still, the company will use the cash it expects to receive from selling the golf courses to operate, says Karamitsos. He emphasizes, however, that there is no debt on any of the golf courses WCI is selling. "No one needs to be paid off," he says.