ORLANDO, FL. – Stirling Sotheby’s International Realty’s Commercial Division recently negotiated the $1.5 Million sale of Tomoka Oaks Golf and Country Club (top left photo) at 20 Tomoka Oaks Blvd. in Ormond Beach.
Mark Arnold (middle right photo), International Commercial Investment Specialist at Stirling Sotheby’s International Realty, negotiated the transaction representing the seller, Putnam State Bank, based in Palatka.
Arnold said an Orlando area investment partnership purchased the property, which consists of an historic 18-hole golf course built in 1965 and 144 acres including 33 acres for future residential development.
Tomoka Oaks is complemented by magnificent Oaks throughout the established residential community in Ormond Beach. The prime location, in-town gentile and proximity to the beach have long attracted seasonal residents to the community, Arnold said.
“We fully expect the new ownership to bring the course and facilities back to the premier conditions of its storied past,” he said.
Stirling Sotheby’s International Realty’s marketing efforts attracted extensive interest from area investors and developers as well as prospective buyers interested in golf course ownership and land development from across the country as well as international buyers, Arnold added.
“The level of interest speaks highly of the attractiveness and future of the Ormond Beach area,” said Arnold.
For more information, contact:
Mark Arnold, International Commercial Investment Specialist, Stirling Sotheby’s International Realty, 407-588-1260 marnold@stirlingsir.com
Roger Soderstrom, Owner/Founder Stirling Commercial Group, 407-588-1260;
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142
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