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Pinehurst Resort Purchases the Pitt Golf Links in Aberdeen

By
Real Estate Agent with Dawn Crawley Realty

On Monday - Feb. 14 the Pinehurst Resort owned by the Dedman family purchased the Pit Golf Links in Aberdeen. Some speculate this may be a renewal of the Resorts plan to build a golf Village in the town of Aberdeen.

Pinehurst New Golf CourseThe Pit was purchased by a Charlotte man as a foreclosure recently for $1.08 mil. The purchase price by the Pinehurst Resort was not disclosed.

Currently the plans for the Pitt as a part of Pinehurst has not been decided. An analysis of the course and the surrounding area will be investigated. It is unknown if it will be a resort course such as the #8 course - open to the members of the Pinehurst Country Club or both. It is also questioned as to the possibility that there could be memberships to those outside Pinehurst property owners as is currently the case for Pinehurst memberships.

Ten years ago the Pinehurst Resort planned on building a golf village with two 18 hole golf courses, a 100+ room hotel, and a lodge and clubhouse. There was also to be commercial and residential development. It was decided after 9/11 that there was too much economic uncertainty so the plan was scraped.

It will remain to be seen if this purchased of the Pit will renew these plans for a golf village in Aberdeen by the Pinehurst Resort.

Find All Pinehurst Area Golf Homes.

Roy Kelley
Retired - Gaithersburg, MD

Thanks for sharing. Many golf courses are having financial difficulties. A foreclosed golf course in Frederick, Maryland was just sold to new investors last week.

 Life is good when there are flowers to photograph.

Feb 20, 2011 12:21 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Dawn --- nicely done.   You have provided great information for anyone living or wanting to purchase in the Pinehurst area.

Feb 20, 2011 02:47 AM
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Dawn, interesting speculation, there.  I hope that whatever is decided, it will bring jobs to your area. 

Feb 20, 2011 05:42 AM
Dawn Crawley
Dawn Crawley Realty - Pinehurst, NC
Find Pinehurst Homes

As always Roy, it is nice to hear from you. It is unfortnate that many courses areound the country failed. Not too many here, but there were some.

Micheal - thanks for your kink comments and taking the time to read my blog!

 

Hey Juli - I agree - jobs are the answer.

Feb 20, 2011 08:01 AM
Anja Kerstens, 669.270.8034
Compass - Morgan Hill, CA
GRI, NHCB, CDPE, CHS. Silicon Valley Homes

Interesting information of the other side of the country.  Aberdeen in the title caught my attention.  Eagle Ridge is a golf course community with a public golf course with models and streets named after famous golf courses in Scotland.  Aberdeen is one of them  We have an Aberdeen street and Aberdeen model built by Shapell Industries.  

The financial health of private golf course communities are very often crucial to the property values in these communities.

Feb 21, 2011 01:08 PM
Joshua Zargari
MJ Decorators Workshop LI staging and home decorating - Lynbrook, NY
MJ Decorators Workshop

Many people who lived well, are cutting costs to survive...

 

Feb 21, 2011 09:40 PM
Dawn Crawley
Dawn Crawley Realty - Pinehurst, NC
Find Pinehurst Homes

So true Joshua - do see things turning around?

Feb 22, 2011 03:37 AM