Each lot comes with a lifetime golf membership valued at $20,000 for play on the Tullymore and St. Ives Golf Clubs.
With a simpler new name, Tullymore Golf Resort, Stanwood, Mich., and with 10 months of solid home sales, the fast growing Mid-Michigan recreational community is launching a new real estate program that it hopes will keep it moving forward in 2012.
Last May the resort kicked off a unique sales concept in which homeowners traded in hard-to-sell properties for new homes at Tullymore. The resort paid the owners the appraised value of their old homes in return for buying new ones at Tullymore.
“That program worked out very well,” said Terry Schieber, Tullymore’s Chief Executive Officer. “Since last May we sold 13 homes for more than $5 million and we have only two left in that inventory. We want to keep that momentum going”
The new sales program Schieber announced is for building lots priced at $49,000 each, with two major incentives. Each lot comes with a lifetime golf membership valued at $20,000 for play on the Tullymore and St. Ives Golf Clubs. Buyers can further reduce their cash outlay if they build on their lots within two years using Tullymore’s building company for construction.
In less than four years of ownership brothers Richard, Robert, and Ronald Marino and their uncle, Peter J. Ministrelli have transformed the two adjoining golf clubs and a 44-suite inn, located south of Big Rapids, into an attractive golf destinations.
The developers have invested more than $51 million in new construction and amenities at Tullymore. The dramatic $10 million clubhouse opened three years ago. The owners renovated the 44-room inn adjacent to the St. Ives course. The restaurant in the St. Ives clubhouse was remade into a sports bar and grill. Last year a 10-bedroom lodge designed for golfers or small corporate group retreats was completed near the Tullymore clubhouse.
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