For Sale
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Property summary
This exceptional 300-acre property, situated on the shores of Lake Templene in Centreville, Michigan, presents a unique investment opportunity. The property includes an 18-hole championship golf course designed by award-winning architect Raymond Hearn, featuring an upscale clubhouse with dining and event facilities. Three luxurious golf villas currently operate as "stay and play" accommodations, with approvals in place for at least nine more. The development potential is significant, encompassing 139 residential lots and one commercial lot, allowing for expansion of residential units, additional lodging, and enhanced amenities. This prime location, midway between Chicago and Detroit, offers unparalleled access to a large and affluent market. Millions have been invested in creating a luxury experience, positioning Island Hills to become a premier residential community in St. Joseph County. The existing infrastructure, including the well-regarded golf course and established lodging, provides a solid foundation for future growth and profitability. This is a rare chance to acquire a fully operational golf resort with substantial development potential. The asking price is $3,949,000.
Property profile
VerifiedCap rate & NOI
Current use
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Golf Course
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Centreville market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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