Ever dreamed of owning an island resort? Now’s your chance. The Drummond Island Resort and Conference Center is for sale.
The 1,500-acre property includes 7,800 feet of shoreline frontage on Lake Huron, a 40-unit condominium hotel, 18-hole championship golf course, private hunt club including a sporting clays and skeet course, private marina, private airplane hangar, ORV park with miles of trails, multiple dining facilities, and individual cabins and cottages throughout the property.
The property was originally developed by Domino’s Pizza founder, Tom Monahan, who reportedly invested over $30 million dollars into the development prior to his sale of the property. Princeton Enterprises of Bloomfield Hills, on behalf of a privately held investment partnership that now owns the property, has also made significant improvements to the championship golf course called The Rock as well as additional improvements to other assets. Princeton Enterprises has retained Birmingham-based Franklin Property Corporation to market the property for sale.
“It is truly a unique property and opportunity with a wide range of appeal due to the quality of the real estate and location. It is one of the few properties I am aware of that is accessible by car, boat or plane,” says Andrew Milia, president of Franklin Property Corporation.
“Based on the assets as well as the charm and the beauty of the island itself, we expect interest from a number of different types of investors or groups including hospitality or resort owners, golf course operators and marina operators as well as corporations, colleges or large non-profits such as churches or corporations for use as a retreat center. We have even had some inquiries from wealthy families for personal family compounds.”
For more information on the offering, potential buyers can contact Whitney Findlay at (248) 539-3332, wfindlay@franklinpropertycorp.com.
