Augusta Ranch Golf Club

East Mesa, Ariz.
BUYER: Your Source Golf
SELLER: A.R. Development LLC
PRICE: $1.8 million   

An 18-hole executive course, the daily fee Augusta Ranch was purchased by a company led by Don Rea, who had taken over management in late 2007. Rea is expected to focus on growing play at the 85-acre course designed by Bill Phillips. It currently hosts about 37,000 rounds per year. Greens fees at the property range from $9 for nine holes to $13 for 18 holes. A.R. Development, an affiliate of developer Communities Southwest, sold the course as part of a decision to exit the golf business and focus solely on land development.

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