Gold Canyon Golf Resort: Two Championship Courses w/76ac Development

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  • $34,000,000
  • Active
  • Listing ID : CS1700021
  • Gold Canyon, Pinal, Arizona, United States
  • Mountain
  • 2
  • Golf Course
  • Mountain View
  • Total Lot Size : 376.00 acre (152.16 ha)

THE OFFERING: The entire offering covers over 107,877 square feet of buildings on -/+ 370 acres and includes76 acres of prime development land along two Top Rated 18-hole golfchampionshipcourses plus the world-class Gold Canyon Golf Resort / Hotel & Spa located in the foothills of the spectacular Superstition Mountains in Gold Canyon, Arizona.

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THE OFFERING: The entire offering covers over 107,877 square feet of buildings on -/+ 370 acres and includes76 acres of prime development land along two Top Rated 18-hole golfchampionshipcourses plus the world-class Gold Canyon Golf Resort / Hotel & Spa located in the foothills of the spectacular Superstition Mountains in Gold Canyon, Arizona.

GOLF RESORT HOTEL & SPA: This resort hotel consists of 97 unique, southwest-style casitas, with amenities such as wood burning fireplaces, indoor or outdoor spas, suites, and private patios with panoramic views of the Superstition Mountains. Dining options include Kokopelli and The Ledge restaurants with stunning views and dramatic sunsets. The resort also includes the casual “19th hole” style Bar and Grill, over 10,000 feet of distinctfullservicemeetingandbanquetfacilitiesforfunctions ranging from 10-300, multiple wedding venues, and an exceptional salon and SPA. 107,877 Square Feet of Buildings.

GOLF COURSES: The Resort offers two Top Rated 18-hole, award-winning, Championship golf courses with Pro shop, driving range and practice green. This is “desert golf atits finest” with morethan 64,000 rounds played annually. TheDinosaur Mountaincourse is consistently rated one of the top courses in Arizona, with incredible scenery and dramatic elevation changes. TheSidewindercourseisrated4StarsbyGolfDigest and leads golfers through undulating greens and pristine Sonoran Desert vegetation. Both courses have magnificent views of the Arizona desert and Superstition Mountains plus water cost at Gold Canyon ($160K/yr) is far less than the golf courses in nearby Phoenix and Scottsdale ($1M/yr).

70 ACRES OF PRIMEDEVELOPMENT LAND There are 76 acres of prime land in six parcels that border the fairways of the two golf courses. Many affluent and exclusive homes and neighborhoods already overlook some of the fairways. One of the parcels, Cholla Ridge, consists of 6.7 acres with a final plat already approved for 46, 3-story townhomes. Townhomes along golf courses are in high-demand in Gold Canyon. This is some of the nicest development land in all of Arizona, plus each parcel already has water and sewer.

LOCATION Located just 35 minutes from Phoenix Sky Harbor International Airport, and less than 20 minutes from the Phoenix-MesaGatewayAirport,theGoldCanyonGolfResortis close to metro Phoenix but far enough away to experience the peace and unmatched beauty of the high Sonoran Desert.

OFFERING PRICE: $34,000,000 Has to be sold together: 1.) Golf Resort Hotel & Spa / 107,877 SF of Buildings on 300 AC with 2 Top Rated 18 Hole Championship Golf Courses $16,000,000or$148perSF. 2.) 76 AC Prime Development Land on Fairways $ 18,000,000 or $236,843 per AC or $5.43 per SF.

RANKING ARIZONA: The Best of Business 2017

GOLF COURSE RANKING # 4. RESORT/ HOTEL RANKING # 3

TOFULLY APPRECIATE THE EXTENT OF THE OPPORTUNITY We will be pleased to provide an extensive tour of the entire property. This is a gorgeous setting with strong cash flow and huge upside. You will enjoy the tour!!

1. Parcel F "Cholla Ridge" 6.70 AC with approved final plat for 46 X 3 story Town homes with an average size of 2,629 SF livable space and a garage. You can start construction immediately.

2. Parcel A Size: Approximately 16 Acres zoned commercial and hi density multi family. (CB-1, CB-2, and CR-5).

APN #’s: 104-66-029 Zoned CB2 + CR-5,

APN #104-66-001B Zoned: CB-1,

APN#104-66-001H Zoned: CR-5.

APN#104-57-002M Zoned: CR-5 PAD

The approximately 16 AC have preliminary Plat for 93 Town homes (could be increased to 150 units with underground parking), and Commercial Development.

Zoning Case: PZ-PD-022-07 (Gold Canyon Condominiums)

3. Parcel D 3.77 AC, zoned commercial. (CB-2), with frontage on Kings Ranch Road and the entrance to the resort.

4. Parcel E Approximately 5.00 AC. part of APN# 104-73-100A Zoned: GR-PAD.

5. Parcel B & C. Approximately 32 AC, zoned GR, (1.25 AC per home site) If the zoning stays the same an AC on the fairways of Dinosour golf course approximately $257,000 or $ 5.90 SF. If it is rezoned to multi family the land is worth a minimum of $800 - $9.50 SF because the subject land is on the sloped fairways of one the most beautiful golf courses in Arizona. . $257,000 AC on the fairways on Dinosour golf course for custom built homes is a in my opinion a very good price. If you rezone it for town homes the value of the land will increase.

I will not give comp's anymore, there are none, because we are talking of apples and oranges, I can not compare a home site on the flat terrain in the valley with a home site on the sloped fairways with unbelievable views in the most beautiful Arizona desert setting on Dinosour gold course.

In my opinion, anybody who buys the resort with the land can, if he wants to, start building town homes and a new multi story hotel building. All the zoning is ready, included are also a fully approved development plan for 46 town homes with an average size of 2,629 SF livable space and a garage, also a preliminary developmental plan for 93 town homes which could be increased to a development plan for 150 plus apartments.

Also there is an opportunity to develop another 50 AC of land for multi-family on the 1 fairway of the Sidewinder course.

Financials are available after the return of the signed Non-Disclosure Agreement (NDA).

• 107,887 Square Feet of Buildings / 376 AC / Two Top Rated Championship Golf Courses

• Golf Resort Hotel & Spa / 97 Casitas / 2 Restaurants / Bars / Conference Center / Wedding Facilities

• 2 X 18 Hole Top Rated Championship Golf Courses with Pro shop, Driving Range, Putting Greens in magnificent Desert and Mountain Setting.

• Included 76 AC Prime Development Land on Fairways.

• Great Investment and Development Opportunity

• in the Path of Growth

• Affluent & Exclusive Neighborhoods

• TWO Top Rated Championship Golf Courses: Dinosaur Mt. Course: Championship Award Winning & World Wide Attraction and Sidewinder Course: Championship Award Winning

• 64,000 Annual Rounds of Golf Played @ Gold Canyon Golf Resort

• Golf Courses total water costs @ $160K / year V.S. $1M in Phoenix & Scottsdale

• Included, "Cholla Ridge" 6.70 AC with final plat for 46 X 3 story Town homes

• Included, Parcel with preliminary Plat for 93 Town homes and Commercial Development

• All 6 development opportunities are on the golf courses, 2 are also on Kings Ranch Road

• Area Growth (DMB/Gateway Airport/Resolution Copper/Other)

• Development Opportunities & Conversions

• Prime Development Land Values

• Great Opportunity to bring in a National Flag Hotel

• Pinal County (Not Incorporated).

http://re.cr

Details
Number of Full Bathrooms 2
Number of Stories 2
Total Interior Area 107,638.68 sq ft (10,000.00 m²)
Total Lot Size 376.00 acre (152.16 ha)
Construction Status Completed
Year Built 1982
Air Condition Type Central
Heating Type Central
Furnished Type Fully
Pool Type In-Ground Pool
Jacuzzi Type Exterior
Parking Type Parking Lot
Number of Parking Spaces 300
Geography
Location Gold Canyon, Pinal, Arizona, United States
Country United States
State Arizona
County Pinal
City/Town Gold Canyon
Zip Code 85118
Location Type Mountain
Geographic Type Desert
View Type Mountain View
Infrastructure
Sewer Available No
Financial/Legal
Price per Air-Conditionable Living Area $3,400.00/m2 ($315.87/sqft)
Price per Square Meter $22.34/m2 ($2.08/sqft)
List Price $34,000,000
Ownership Type Legal Corporation

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