Luxury Golf Course - Real Estate News
$68 Million Dollar Listing - Most Expensive Active Naples Lease in MLS
Property Description
The Wilderness Country Club Land Lease is now available for purchase. The Land Lease encompasses all of the Wilderness Golf Course Lands, along with all the land beneath the road ways, amenities, entry gate and beneath the New Club House that is approved for construction, approximately 150 +/- Acres. (See exhibit showing Land Lease Area in Yellow) The Land Lease Payment currently is $751,500.00 +/- Dollars Per Year, the payment is adjusted every 5 years, based on the Cost-Of-Living Index for those past 5 years, next adjustment will occur in May of 2023. The Land Lease expires / terminates on June 17th, 2072 whereby all lands contained in the Land Lease will revert to the ownership of the then owner of the Land Lease. The attached exhibits Demonstrate Development Possibilities for either Condominiums or Single-Family Lots (Development can Occur Only With The Permission of the Residents of the Wilderness Country Club and its Board of Directors and proper transfer of development property). See attached Exhibits and Property Highlights.
Wilderness Country Club Land Lease - $68 Million
Contributed by Paul Adams, Realtor - Downing Frye Realty, Inc.
Listing information and property description courtesy of William Raveis Real Estate.
