MASHPEE, Mass – Despite the fact that Massachusetts tax laws are unfavorable to millionaires and deep-pocketed investors, it will be interesting news to golf aficionados to find out who the next owner of iconic Club of New Seabury will be. The one-of-a-kind, 1,500-acre oceanfront property overlooking Vineyard Sound featuring two exceptional 18-hole golf courses – once upon a time called “Pebble Beach of the East” – is For Sale.
According to the Florida-based real estate company with the listing the asking price is “market bid, with the process confidential between the principals.” The Assessor Office records at Mashpee Town Hall show Club at New Seabury a/k/a 95 Shore Drive West owned by New Seabury Properties LLC with LAND VALUE: $8,646,700 and BUILDING VALUE: $5,267,900 TOTAL $13,914,600, but the future transaction qualifies as a megadeal, and is expected to sell for north of $20 million. The club is owned by New Seabury Properties LLC, an affiliate of billionaire Carl Icahn’s company since 1998.
The Club at New Seabury is a private oceanfront beach and golf resort community featuring two 18-hole championship courses located on Cape Cod, about halfway between Falmouth and Hyannis, facing Nantucket Sound only 20 nautical miles to Martha’s Vineyard to the South.
Spread across 2.5 square miles, this sophisticated community of over 1,800 residential properties consists of primarily summer homes for wealthy families featuring private beach access. Property and residence options include single-family homes, condominiums and villas and according to realtor.com the median home price in the New Seabury ZIP code is $2.6 million.
Sitting on the elevated landscape above the Atlantic Ocean is the community’s 42,000-square-foot clubhouse, with graceful ocean view dining rooms providing casual meals and gourmet fare. The club’s “Diamond Membership” requires a $75,000 initiation fee, $18,000 annual dues and $2,000 food and beverage minimum.
In addition, the clubhouse includes a 19th hole restaurant called 75 Shore, a full-service golf shop, locker rooms and one-of-a-kind ocean views from several verandas. Only a short drive down Shore Drive is a private beach and cabana with two pools, 14-acre driving range/practice facility, state-of-the-art fitness center, tennis, bocce and pickleball courts with active participation from among 1,000 members.
GOLF
A pair of renowned golf courses at Club of New Seabury will take your game to new levels of enjoyment and skill. The iconic Ocean Course, designed by William Mitchell and recently renovated by Bruce Hepner, is a seaside masterpiece with five sets of tees to accommodate any golfer. Hole No. 2, No. 3, and No. 4 border Vineyard Sound. Thirty years ago, a golf writer labeled the historic New England golf property as “Pebble Beach of the East.”
The Dunes Course is an impressive 18-hole par 70 course highlighted with notable landscape changes settled next to a multi-million-dollar gallery of mansions bordering the property.
AMENITIES
• 2 championship golf courses
• 18 holes Ocean Course
• 18 holes Dunes Course
• 42,000 sq. ft. clubhouse
• 14-acre golf practice facility
• Oceanview casual and fine dining
• State-of-the-art athletic facility
• Private beach
• 2 pools with cabana
• 16 tennis courts
• 8 pickleball courts
• Hobby and activity clubs
• Concierge service
“TROPHY PROPERTY”
“Club at New Seabury represents to the new owner an extraordinarily rare opportunity to acquire a premier, private club in a world-call destination. Diamond (Golf) Membership is nearly fully subscribed with a waitlist anticipated within the next few years. The Club’s location, asset quality, diverse amenity offering and active and supportive membership create the potential for considerable near and long-term bottom-line growth.” (As described by the Florida-based listing real estate broker brochure.)
(For more information please contact: Tom @ New England dot Golf at teetalk@aol.com.)
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