Deal includes 100 acres of undeveloped land
DeKalb County – The deal that acquired RiverWatch Golf Course (RiverWatch) in DeKalb County closed for $2.5 Million total, according to paperwork filed with the DeKalb County Property Assessor (DPA). Final Putt, LLC (FP) dealt the championship golf course to Honky Tonk National Golf LLC (HTNG) March 16.
The course cost $1.9 million, and as a part of the deal, Honky Tonk National, LLC also obtained 100 acres of undeveloped land connected to the course for $600,000. The deal includes five parcels, including the security shed and two “special entrances” (plat that performs functions such as a need for both a residential and commercial entrance).
“It’s sold each time the golf course is sold,” according to DPA on the 100 undeveloped acres. “It’s always associated with it.”
The golf course will be renamed Honky Tonk National Golf Club and is now owned by Honky Tonk mogul Steve Smith who also owns Tootsies Orchid Lounge in Nashville, partners with Kid Rock on his “Big Ass Honky Tonk Rock & Roll Steakhouse” and owns Pates Ford Marina in DeKalb County among others.
The course will be closed until May when tee times will return for the public for 90 days before becoming a private club on Aug. 1. This is not Smith’s first foray into the golfing business. He and his wife Leah Smith are also part owners of Old Hickory Golf Club, which they purchased, along with Al Ross, for $2.3 million just over five years ago.
The golf course formerly known as RiverWatch is an 18-hole championship golf course designed by Peter Jacobsen and course architect Jim Hardy. It offers five sets of tees and is played anywhere from 6,850 – 4,629 yards. No membership pricing once RiverWatch is re-christened Honky Tonk National has been announced, but an exclusive golfing experience is right around the corner in the Upper Cumberland.
This is an ongoing story. Check back for details.
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