Centaur sells Panther National golf resort for record $191M
The developer cashed out the amenity and the remaining dirt in one move, backed by a $115M JPMorgan loan.
Centaur Holdings sold Panther National, its championship golf club and a slug of unsold home lots in Palm Beach Gardens, for $191 million to Texas-based Ohana Real Estate Investors, the largest South Florida golf course trade so far this year.
Why it matters
For developers, the deal is a clean read on how to exit an amenity-driven community. Centaur, an affiliate of a Switzerland-based holding company, built the golf and the neighborhood around it, then sold the clubhouse asset and the remaining dirt together rather than grinding out lot sales for another decade. Bundling the operating golf resort with about 150 unsold parcels let a single institutional buyer underwrite one number, and it hands Centaur a liquidity event at the top of a luxury cycle. In a market where finished lots move slowly, selling the amenity and the inventory as one package is a faster path to capital than retail lot-by-lot.
For the buyer, Ohana is stepping into a nearly built-out luxury community with pricing power. Homes in the 218-unit Panther Community carry price tags above $1 million, so the remaining lots are not a value play, they are the tail end of a proven product.
The numbers
The $191 million deal covers the 392-acre property at 10391 Panther National Boulevard, including the 18-hole championship course, a nine-hole par-three course and roughly 150 unsold lots. JPMorgan Chase provided a $115 million mortgage, financing about 60% of the price and signaling that lenders will still write big checks against golf-anchored resi in the right ZIP code.
What’s next
Watch whether Ohana holds the golf operation or repositions the remaining lots, because that choice sets the pace for the last phase of Panther Community. For developers, the takeaway is that a bundled amenity-plus-inventory exit can clear when lot-by-lot sales stall. Track it on the South Florida hub.