SOURCE: Schrader Real Estate & Auction Company

Schrader Real Estate & Auction Company

December 11, 2009 11:57 ET

Lake Templene Golf Course, Land, Home Sites to Sell in Jan. 9 Auction

CENTREVILLE, MI--(Marketwire - December 11, 2009) - The Island Hills Golf Club property, along with adjoining land, home sites and a home, will sell at auction on Saturday, January 9 with Schrader Real Estate and Auction Company managing the sale.

The 18-hole, par-72 golf course has been rated by Golf Digest as one of Michigan's top courses and received a four-star rating by Golf Digest's "Places to Play." It has a Ray Hearn design with strategic use of greens and bunkers and includes holes fronting the water of Lake Templene, a 1,000-acre private lake.

Bidders will be offered several options, including bidding on the entire course or on parts of it, according to Rex Schrader, president of the auction company.

"This is an outstanding golf course with a great reputation, but offering the property in tracts will make it possible for someone who might prefer to use some or all of the golf course land for other types of development," said Schrader. "In addition to the course, there will be other development land, including waterfront and wooded recreational tracts."

Also included in the auction will be 51 home sites, 21 of which are located directly on the lake, and 18 of which have views of the golf course. The three-bedroom home is located on the lake. Eighteen of the sites will sell absolute, with no minimum bid or reserve. Many of the sites will sell with reserves that are less than 25 percent of previous asking prices.

In all, the auction will include approximately 240 acres, with more than 14,000 feet of waterfront.

The auction will begin at 10 a.m. at Centreville Elementary School. Individuals interested in additional information about the property may contact Schrader at 800-451-2709 or visit the company's web site at www.schraderauction.com.

Schrader Real Estate and Auction Company, Inc., based in Columbia City, Ind., is the nation's leading auctioneer of agricultural, recreational, development and other types of land throughout the United States. More Schrader releases.

Contact Information

  • For more information:
    Carl Carter
    205.823.3273