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Field Guide to Golf Courses

Several aspects—design, development, appraisal and impact—of golf courses are explored in this field guide. This guide also explores the question of how golf courses and nature can coexist. Find out how and why developers using native vegetation, wildlife habitats, organic fertilizers, and environmentally challenged sites in their golf courses, in the featured content below.


Can Golf Courses and Nature Coexist? 

Golf and resorts: Why golf is still relevant (hospitality.net, Aug. 2010).

Organic golf course lets the weeds grow (Mother Nature Network, Aug. 18, 2010).

Golf Journal: Why We Play Golf Outdoors—After Years of Keeping Nature at Bay, the Game has Swung Back to Welcoming the Wild (Wall Street Journal, June 5, 2010).  Q

"Code Blue" for U.S. Golf Course Development" "Code Green for Sustainable Golf Course Redevelopment (Journal of Sustainable Real Estate, May 2010).

Course construction: native spaces (Golf Course Industry, Jan. 26, 2010).


Appraisals

The Million Dollar View: A Study of Golf Course, Mountain, and Lake Lots (The Appraisal Journal, Spring 2010). Q

Why assessors need to take a mulligan (National Real Estate Investor, Aug. 1, 2008).

Golf property tax assessments valuation and case law (golfprop.com, June 23, 2008).

Appraising "golf course" homes (Appraisal Scoop, Sept. 22, 2006).

Segmentation of golf course markets (Assessment Journal, Jan. 2003). Q

Mass appraisal of golf courses (Assessment Journal, July/Aug. 1999). Q

Recreational property: golf course (Assessment Journal, July/Aug. 1999). Q

Land valuation: golf course (Assessment Journal, May/June 1999). Q

Challenges in the appraisal of private golf clubs (The Appraisal Journal, Oct. 1998).  Q

Valuing private golf courses: where did that money go? (Assessment Journal, Sept./Oct. 1998). Q


Impact on Property Value

Rock Creek Golf Course owners push for land-use change (PortlandTribune, July 31, 2008).

Golf courses make good neighbors, until owners want to sell (startribune.com, Feb. 4, 2008).

Measuring the impact of parks on property values (Departments of Park, Recreation and Tourism Resources, and Geography).

Golf course communities: the effect of course type on housing prices (The Appraisal Journal, Apr. 2003). Q

Adjusting the value of houses located on a golf course (The Appraisal Journal, July 1997). Q


Useful Websites

www.golfappraisers.org — The Society of Golf Appraisers

www.gcbaa.org — Golf Course Builders Association of America

www.ascga.org — American Society of Golf Course Architects

www.ngcoa.org — National Golf Course Owners Association

www.ngf.org — National Golf Foundation

www.gcsaa.org — Golf Course Superintendents Association of America

www.usga.org — United States Golf Association


eBooks & Other Resources

Books, Videos, Research Reports & More

The resources below are available for loan through Information Central. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Information Central at 800-874-6500 for assistance.

Analysis and Valuation of Golf Courses and Country Clubs (Chicago, IL: Appraisal Institute, 2003). GV 975 Ap6

Golf Course Development in Residential Communities (Washington, D.C.: Urban Land Institute, 2001). GV 975 M91

Golf Course Development and Real Estate (Washington, D.C.: Urban Land Institute, 1994). GV 975 Ur1

Guidelines for Financing a Golf Course (Jupiter, FL: National Golf Foundation, 1994). GV 975 N21g

Golf Course Developments: Selected References (Washington, D.C.: Urban Land Institute, 1992). GV 975 UrL

Planning and Developing a Golf Range Complex (Jupiter, FL: National Golf Foundation, 1992). GV 975 N21p

Guidelines for Planning, Building and Operating a Golf Range (Jupiter, FL: National Golf Foundation, 1992). GV 975 N21g

Field Guides & More

These field guides and other resources in the Virtual Library may also be of interest:

Field Guide to Business Value

Field Guide to Commercial Property Management

Field Guide to Investing in Real Estate

InfoCentral Blog


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The inclusion of links on this field guide does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked in this field guide complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.