Mequon Country Club in Milwaukee, Wisc. has a new owner.

The 27-hole championship golf course and private country club in Ozaukee County, the northern suburban area of Milwaukee, was scooped up by a local investor for $1.5 million.

Some of the 48-year-old course's holes famously wind along the scenic Milwaukee River. The club is also known for its sizable clubhouse and banquet facility, swimming pool and six tennis courts.

The club will likely get a makeover under the new owner.

ClubLink paid $7.2 million in cash for the 54-hole Palm-Aire Country Club in Pompano Beach, Fla.

ClubLink is a relatively new player in the saturated golf state, entering the market in September 2010 with the purchase of five 18-hole equivalent championship courses and two 18-hole equivalent academy courses in Sun City Center, located south of Tampa.

Who said the sales market for golf courses is slow? In the Midwest, four distressed properties are about to go under contract.

The clubs, located in Missouri, Kansas and Texas, are being listed by Insight Golf's Jon Knudson and Roger Garrett, who started CB Richard Ellis' golf brokerage division back in 1989.

The duo teamed up to launch Scottsdale, Ariz.-based Insight in 2008 and touts themselves as some of the top go-to brokers for golf sales in the U.S.

Hilda W. Allen Real Estate company brokered its twelfth deal of the year, helping to sell Falls Village Golf Club in Durham, N.C.

Falls Village is an 18-hole course that opened in 1999, carved through scenic pines and hardwood trees. The bank-owned property traded hands to a private individual in the golf management business that scooped it up with all cash on Oct. 18.