GL Homes to pay $17M for Lake Worth golf course

The builder's plans at Fountains Country Club include its first multifamily project

Jun.June 04, 2016 11:15 AM

Sunrise-based GL Homes has a deal to pay $17 million for a golf course at Fountains Country Club in Lake Worth.

GL Homes would build as many as 200 single-family homes priced from $400,000 to $600,000 there, plus 250 to 300 rental apartments — the builder’s first multifamily project.

Fountains Country Club is an 865-acre property bordered on the south by Lantana Road and on the north by Lake Worth Road. The 1970s-era development has three golf courses and 1,763 homes, a mix of houses, villas, townhouses and condos.

The club’s board wants to close one of three golf courses to reduce expenses and offset the impact of declining club membership, part of a broader decline in the popularity of golf.

GL Homes just reached an agreement with the club’s board to buy two parcels on the north golf course totaling 40 to 44 acres. [Sun-Sentinel] — Mike Seemuth

Related Articles

Delray Trails and Mike Nunziata

13th Floor closes on 120-acre golf course for active adult community

The Mid in Lake Worth Beach

Affiliated Development snags $35M loan for Lake Worth apartments

From left: Ben Bruner and David Emihovich of Katz & Associates with the Sam's Club at 7233 North Seacrest Boulevard (Credit: Google Maps)

Walmart sells former Sam’s Club in Lake Worth

Toll Brothers CEO Douglas C. Yearley, Jr. and Jupiter Country Club

Toll Brothers putts Jupiter golf course over to ClubCorp for $8M

FCP’s Palm Beach County portfolio and Bruce Gago

FCP pays $86M for three Palm Beach County apartment communities

Glenn Straub and the Palm Beach Polo and Country Club property (Credit: Google Maps)

Glenn Straub sells piece of Wellington polo club after failed development attempt

Ken Stiles and The Westerra development site in Sunrise (Credit: Stiles Corp.)

Stiles sells site of planned Sunrise mixed-use project

Brent Baker and a rendering of Oak Tree Golf Course

Pulte pays $31M for Oakland Park golf course