What is to become of Farmstead Golf Links after it closes? Some plans are revealed
What has been Farmstead Golf Links for the past 20 years is set to become a high-end residential development featuring a plethora of large lakes, according to the property’s new owner.
Benjy Hardee of A.O. Hardee & Son is the principal owner in a newly created LLC that purchased the course and plans to redevelop it following its scheduled closing on Oct. 31.
Crossroads Lake Front Development, Inc. purchased the course from W.J. McLamb, who will continue to operate the course for the next two months.
Hardee will likely partner with a homebuilder or multiple homebuilders to develop the property, according to Doug Wendel, executive administrator of Hardee Investment Holdings LLC, the parent company of the Crossroads LLC.
“There will be a whole lot of lakes in that project. That’s where the (Lake Front) term comes from,” Wendel said. “It’s going to be very water-oriented, very open, a lot of buffer space. It will be a first-class, high-end development.”
Wendel said the property is already zoned for single family and multifamily housing, and Hardee won’t seek a rezoning.
Details of a potential development including the number of homes is still being planned, Wendel said.
“It’s a beautiful parcel of land, it’s a unique opportunity, and I think it’s going to be a tremendous asset, and I think Mr. Hardee is very excited about this opportunity,” Wendel said. “He does things first class, and I think this is going to be one of those that the whole area can be very proud of when it’s [completed].”
The property is nearly 500 acres and crosses the border at Little River, S.C. and Calabash, N.C. Hardee purchased the undeveloped land around the course a couple years ago and closed on the course late last week.
The property is remaining in the McLamb family in a sense, as the Hardees and McLambs are related going back generations and centuries.
A.O. Hardee & Son Inc. is a general and specialty construction contractor that specializes in site development and road construction, with additional diversification.
Hardee was in the golf business for several years as the owner of River Hills Golf & Country Club in Little River before he sold it to Founders Group International as one of 22 courses purchased by the China-based company between September 2014 and April 2015.
Farmstead’s sales price is approximately $2.85 million, according to online records from the Horry County Register of Deeds and Brunswick County Register of Deeds.
The price for the Horry County portion of the land is listed at $563,000, and the price for the Brunswick County portion is believed to be $2.287 million considering a N.C. revenue stamp excise tax of $4,574 that is charged at $2 per every $1,000 of the sales price.
This story was originally published September 3, 2021 at 5:00 AM.
