18-hole golf course east of Castle Rock to be auctioned off


Golf club and ball in grass

CASTLE ROCK– Spring Valley Golf Club will soon take a swing onto the auction block.

The 240-acre golf course in Elizabeth, which is east of Castle Rock about 40 miles from downtown Denver, will be auctioned off later this month by Castle Rock-based NavPoint Real Estate Group, on behalf of current owner Haynes Family Limited Partnership.

The 18-hole, par-72 course in Elbert County opened in 1998, and was built on what had been part of a working cattle ranch. The property includes a clubhouse, restaurant, maintenance facility and pro shop, as well as two vacant parcels adjacent to the course.

Under the current ownership, golfers can purchase an annual membership for $1,925 sans golf carts, or $2,530 with unlimited cart rental. Nonmembers can play the full 18 holes for between $25 and $35.

The auction will accept bids starting Nov. 19 and ending on Nov. 21, Call said. Bidding starts at $900,000 and requires a $10,000 deposit.

The winning bidder will need to provide 10 percent of the total purchase price within 24 hours, and the full transaction must close in 30 days, Call said.

Read more at BusinessDen.com

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