1104 Club Way Burgaw, NC 28425
MLS#: 30564861
$7,200,000

Property Information

Price
$7,200,000
Acres
388 Acres
Zoning
18 ACRES (+/-) ZONED : O&I , 231 (+/-) ACRES

Location

County
Pender
City
Burgaw
State
NC
Zip
28425
Longitude
-77.9033
Latitude
34.5534

Property Description

This 388 (+/-) acre land portfolio is a great opportunity in the growing town of Burgaw, NC. The acreage is made up of multiple parcels (20) that are being sold together in a single portfolio. The land portfolio includes the old Buccaneer Golf Course ( Also known as the Coastal Carolina Country Club) which has been out of commission since 2005. The golf course land (140 Acres) is zoned PUD-1 and has deed restrictions that it must be used as a golf course. The land surrounding this beautiful golf course property is Zoned R-20 & O&I. These lots do not have any deed restrictions and have access to the Town of Burgaw municipalities in multiple locations. The old Golf course land includes 19 Fairways that in 2005 were considered some of the best greens in the area with beautifully wooded fairways, multiple acre ponds, sophisticated irrigation systems, multiple storage buildings, a clubhouse, and much more. The 249 acres surrounding the golf course have tremendous development potential and is zoned R-20. If the golf course is not going to be used as a golf course in the future, it would make a beautiful nature preserve and community green space. Most of this property portfolio is zoned R-20 ( 231 acres) with the rest being zoned O&I (18 acres) and PUD-1 (140 acres). There is a small .54 acre lot along 117 that is zoned R-20, it has a single-family home on it that is being rented for $500/month. The old clubhouse on the golf course is also being rented to a church for $1500/ month. There are over 104 feet of road frontage on U.S Hwy 117 and 840 feet of road frontage off of Annie P. Faison Rd with access to the Town of Burgaw's municipal water and sewer. Both road accesses provide more than 60 ft of right-of-way required for residential development and more than two entry points onto the property fulfilling Pender County's new residential development fire code. One of the lots has access to a single-family community called Village on Eighteen. This road has access to sewer and water on Ballybunion Lane. The 104-acre tract on the south side of the portfolio was recently cleared for timber. The golf course has endless trails and a few of the fairways are still cleared and manicured. There is a 5-acre pond that has been acclimated and stocked with fish that have been maturing over the last 20 years ( Bass, Brim, & Catfish). This pond would make a beautiful community feature with plenty of mature hardwoods for nature trails and much more. There are more than five large ponds on this property with sophisticated drainage systems and bulkheads. As I mentioned earlier, The majority of this property is zoned R-20 but an adjoining property owned by a local developer has been successfully rezoned from R-20 to R-7 to protect environmental lands. This may be an option but must be discussed with local planning authorities. * The Pender county tax records show that the golf Course land PUD-1 ( 3239-04-2300-0000) consists of 240 Acres. Using the GIS measurement tool I was only able to confirm about 130 acres. A survey will need to be done to resolve this discrepancy. If the tax records are correct then this portfolio is actually 508 acres total. The seller believes there is a discrepancy in the tax records, so we are listing it as 388 acres instead of 508 acres.

Location

No nearby properties found.
Listing Courtesy of Coastal Realty Associates LLC