Dunegrass Golf Course Changes Hands
Dominator Golf, LLC recently acquired property at 200 Wild Dunes Way in Old Orchard Beach including the18-hole Dunegrass Golf Course, practice range, club house consisting of a restaurant, pro shop and banquet center, and some developable lots. The sale was brokered by Charlie Craig of NAI The Dunham Group (http://www.dunham-group.com/) and Dan Hourihan of DWH Realty.
New owner Domenic Puglaires plans improve upon the course’s high playing standards while making the course more accessible to the public through attractive daily greens fees.
Puglaires, who currently resides in North Andover, Massachusetts, is an entrepreneur and proven business owner with strong ties to Maine. He summers at Granite Point in Biddeford and is planning to move to the area full time in the near future.
Dunegrass, which has been open since 1998, is a public course set on 300 acres of coastal terrain. The clubhouse at Dunegrass serves as a venue for several weddings, private parties, and corporate events each year.
Tags: Dunegrass, Golf Course Sales, maine commercial real estate, Maine Golf, Old Orchard Beach
September 11th, 2009 at 11:32 am
I am researching the Dunsgrass sale as a possible comp for a property I am appraising here in New Hampshire. Per the town, the course sold for $1,827,858. Can you confirm? How much equipment did it include? and how many rounds were played. Was there much interest? Thank you for any help you can offer.
November 12th, 2009 at 11:45 am
Actually, on our records we have the sale price at $4,000,000 which included the golf course, club house and banquet center. The date of the transaction was 3/11/09. But unfortunately thats all I know about the sale. You can contact the broker, Charlie Craig, for more information. His email is charlescraig@dunham-group.com and the phone number here is 207-773-7100.