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    Exquisite Golf Course in Avon Park Title is generated by Realmo AI

    4100 Carter Creek Dr Avon, Avon Park, FL 33825

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    For Sale
    $4,500,000

    Premier 18-hole golf course on 243 acres in Avon Park, FL.

    Type:Other Special Purpose
    Lot size:
    243.00 Acres
    Added:
    May 8, 2026
    Days on Market:
    27
    Last Refresh:
    May 8 at 2:38 pm

    Property Features for 4100 Carter Creek Dr Avon

    General Information

    Standard status
    Active
    Lot size
    243.00 Acres
    Property subtype
    Other Special Purpose

    We can help!

    Listing Contact
    Frank Jermusek
    Frank Jermusek

    Listing agent Frank Jermusek License #20587652

    Listing office SVN | Northco Real Estate Services

    Listing date May 8, 2026

    Source Thebrokerlist

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of SVN | Northco Real Estate Services

    HighLights

    • Turn‑key 18‑hole golf course operation on 243 acres in Central Florida.
    • Award‑winning course design by world‑renowned architect Dave Harmon.
    • High cap rate of 12.43%.
    • Upscale clubhouse with pro shop and recently remodeled Highlands Pub.
    • Extensive practice facilities and maintenance buildings & equipment included.
    • Opportunity to purchase 123 acres of adjacent development land separately.

    Overview

    Highlands Ridge Golf Course is an 18-hole golf course situated in Avon Park, Florida. This golf destination spans 243 acres and features a clubhouse with a pro shop and the Highlands Pub, along with practice facilities and maintenance buildings and equipment. The course, known for its design, plays over 7,100 yards and includes 5 tee boxes with open fairways. Recent capital improvements have been made. The property is located in the Florida Heartland, known for its rolling hills, lakes, and agricultural heritage. Outdoor activities such as fishing, boating, and hiking are popular in the region. Avon Park offers a blend of natural beauty and small-town charm, surrounded by lakes and green spaces like Donaldson Park and Durrah Martin Complex. The area has a rich cultural heritage with historic downtown areas featuring boutiques, art galleries, and local eateries. South Florida State College is also located in Avon Park. The location is 80 miles southeast of Tampa, 80 miles south of Orlando, and 90 miles northeast of Fort Myers. Nearby airports include Punta Gorda Airport (64 miles), Sarasota-Bradenton International Airport (74 miles), Orlando International Airport (77 miles), and Tampa International Airport (92 miles). The golf course was designed by architect Dave Harmon. Also available at a separate sale price is 123 acres of adjacent development land.
    Location Intelligence

    Current Use by Public Records

    Golf courses & driving ...

    Suggested Use

    Food Market Bar & Pub Farmer's Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Avon Park
    County
    Highlands
    State
    Florida
    Longitude
    -81.4227064
    Latitude
    27.5429755

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    FAQs

    What type of property is this?
    Golf course & driving range - Premier 18-hole golf course on 243 acres in Avon Park, FL.
    Where is this golf course & driving range located?
    The property is located at 4100 Carter Creek Dr Avon Avon Park, FL.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Turn‑key 18‑hole golf course operation on 243 acres in Central Florida.; Award‑winning course design by world‑renowned architect Dave Harmon.; High cap rate of 12.43%.
    (952) 820-1615
    We can help!
    Listing Contact
    Frank Jermusek
    Frank Jermusek
    Real Estate License ID: 20587652
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    4100 Carter Creek Dr Avon, Park, FL 33825
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