Boise investor to auction 18-hole golf resort Main Idaho Real Estate Insights

An 18-hole golf course resort in central Idaho will be sold to the highest bidder in October.

Real estate auctioneer Larry Flynn says the Boise investor who owns MeadowCreek Golf Resort in New Meadows, Idaho has decided to auction the property and focus on other developments.

Investor Carey McNeal previously considered selling the Idaho resort for $7.5 million, Flynn says, but has now decided to auction the property instead of going through the lengthy process of finding a buyer.

The lowest bid for the golf resort - which includes a restaurant, bar, outdoor pool and spa - has been set at $3.5 million. The property will be auctioned Oct. 3.


MeadowCreek Golf Resort

One MeadowCreek Court

New Meadows, Idaho 83654
County: Adams


MeadowCreek Golf Resort
Entrance on 45th Parallel - (198 KB)
  For Sale Active  
Property Use Type: Investment
Type: Sport & Entertainment
Golf Related
Building Size: 14,500 SF
Lot Size: 187.00 Acres
Price: $3,500,000
Price/SF: $241.38
Year Built: 1981
Date Last Verified: 8/21/2008
Property ID: 13918051

Property Description:
MeadowCreek is an 18 hole championship golf course, par 72, 6,696 yards, slope 130, rating 71 on 135 acres inside a masterplanned community of 436 privately owned lots. Built in 1980, designed by Bob Baldach, California's doyen of design. Fully operational resort with experienced and dedicated managment and staff. A turn key opportunity for an investor or operating company. Includes 14,500 sq ft clubhouse with upscale restaurant (Ernie's Steakhouse at The 45th Parallel - the area's finest - leased to a proven operator), bar, pro shop, locker rooms, cart storage, 72 Club Cars, maintenence facility and equipment, outdoor pool, spa, poolside restaurant (The Osprey) and fitness facility. 20 developed lots are included. Significant development opportunities for additional condos, cottages, hotel or fractional ownership project. Water rights are transferred with property and have continuous preference since 1914.

Location Description:
Located between the Payette and the Boise National Forests on the 45th Parallel, halfway between the Equator and the North Pole in central Idaho. At 3,868 ft above sea level, this mountain valley resort community is 120 miles north of Boise, the Idaho state capitol and third largest MSA in the Northwest behind, Seattle and Portland. Lewiston, Idaho is 140 miles north. Brundage Mountain Ski Resort is only 15 miles away and visible from property. The all new Tamarack Resort is 35 miles South and is the first four season ski, golf and lake resort to be built in North America in over 20 years. The lake resort town of McCall is 15 miles southeast.

Property Types: Golf Related
Residential (land)
  Commercial/Other (land)


Posted by tlangford at 8/30/2008 4:09:00 AM
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