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Tuesday, July 21, 2009

Cautious optimism, and bargains, on Daufuskie Island

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    As reported a few days ago here, the Melrose Course at the former Daufuskie Island Resort has re-opened for play in the wake of the vacation spot's closing earlier this year.  A local realtor has told me that the course is in splendid shape, but that amenities are a bit limited; the restaurant is open only for special occasions but plans are to start serving food on a daily basis.
    Mike Kuss of Daufuskie Properties Realty says he has heard some "boat talk" that a few parties are interested in purchasing the resort.  I contacted Mike after Daufuskie Properties sent me an email showing some impressively low priced developer lots within walking a short walk of the Atlantic Ocean beach. The four lots in the Oakridge section are priced between $115,000 and $185,000 and, together, comprise about 3.5 acres.  Mike indicates these are about ½ off previous prices, before the resort's financial problems.
    If a reputable, stable organization buys the resort, these properties could turn out to be quite a bargain.  Until then, the limited, but regular, ferry schedule and the lack of any amenities at the resort may scare off some.  But for those intrepid golfers who want to play an early Nicklaus gem of a golf course, the advice from someone who has played it is to pack a sandwich, hop the ferry and have at it.
    If you would like me to put you in touch with Mike, contact me and will do so immediately.    

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Larry Gavrich

This blog was conceived and is published by me, Larry Gavrich, a former corporate communications executive who founded HomeOnTheCourse, LLC, in 2005.  Our firm advises baby boomers and others seeking a lifestyle in which golf is a major component.  My wife Connie and I own a home in Connecticut (not on a golf course) and a condo at Pawleys Plantation in Pawleys Island, SC, on a Jack Nicklaus layout.  We began our search for our home on the course more than 15 years ago, and the challenges of the search inspired me to research golf communities and write objective reviews of them.