Investment group busy Grande Dunes in Myrtle Beach

A Raleigh, North Carolina-based investment group has purchased Grande Dunes, a golf community in Myrtle Beach, South Carolina that was begun by Burroughs & Chapin just after the turn of the most recent century.

For an undisclosed price, LStar Management has acquired a 2,200-acre spread that includes, among other things, a marina, a waterfront café, 770 acres of developable property and an 18-hole, Nick Price “signature” golf course. (The track, which is private, was co-designed by Craig Schreiner.)

“It’s really a one-of-a-kind facility,” LStar’s managing partner, Steve Vining, told the Myrtle Beach Sun News. “It was just a great opportunity, frankly.”

LStar has appointed McConnell Golf to oversee the golf course and other operations at Grande Dunes. McConnell owns seven golf properties in the Carolinas (among them Treyburn Country Club in Durham, North Carolina and Musgrove Mill Golf Club in Clinton, South Carolina) but the contract at Grande Dunes is the first for its recently established management wing.

LStar didn’t buy Grande Dunes’ 18-hole Resort course, which is still owned by B&C.

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