Listings

Property Description

Leisure Investment Properties Group is pleased to exclusively offer the opportunity to acquire Cummings Cove Golf & Country Club in Hendersonville, NC. The par 71 course features 18 distinctly different holes with a memorable 6,415-yard layout. Three unique par 3 holes highlight the back nine; one virtually hangs from a cliff. And, like Baltusrol, home of the PGA Championship, the course finishes with back-to-back par 5s.

The Club features a mountain lodge-style clubhouse, a sports complex with tennis, pickleball, and bocce ball, a fitness center, a casual restaurant, and a dog park. Cummings Cove is well positioned for new ownership to continue to build upon the club’s exceptional reputation. Cummings Cove has everything that makes golfing in the mountains special including elevated tees, tree-lined fairways, lakes, streams, waterfalls and see-forever views.

Investment Highlights

EBITDAx of 7.22 / Cap Rate of 13.86%                                                              

Robert E. Cupp Designed Golf Course                                                               

A sprawling 133-acre golf course                                                                       

Immediate Membership Growth Opportunity                                                      

60-70 homes should be under development shortly                                           

Address Map
20

(UNDER CONTRACT) Cummings Cove Golf & Country Club

20 Cummings Cove Pkwy, Hendersonville, North Carolina

$2,850,000
Basic Details
Status : Available
Price : $2,850,000
Listing Type : Public
Holes : 18
Ownership : Fee Simple
Country : United States
State : North Carolina
City : Hendersonville
Acres : 133
Listing Broker : Leisure Investment Properties Group, LLC
Listing Broker Name : Steven Ekovich
Listing Broker License : NC 165078
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Steve Ekovich
Leisure Investment Properties Group
17539 Darby Lane, Tampa, FL 33558
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