BH Group Acquires Wellington Golf Course for $20.8M

Aventura-based BH Group has successfully acquired the former Polo West Golf Course in Wellington for $20.8 million, concluding a transaction that required litigation to force the sale. The development company, led by Liat and Isaac Toledano, filed suit in December against an entity controlled by seller Glenn Straub to compel completion of the deal.

The 150.5-acre property at 2470 Greenview Cove Drive represents a significant redevelopment opportunity in Palm Beach County. BH Group intends to create a luxury single-family residential community on the site, which previously hosted PGA Tour events and featured polo fields and croquet lawns before falling into disrepair.

Property records confirm the transaction closed following a court-approved settlement agreement reached May 11, with both parties covering their respective legal costs. The golf course had remained shuttered and overgrown for years, drawing code violations from Wellington officials over maintenance and permitting issues spanning decades.

Straub, owner of Palm Beach Polo & Country Club, had reacquired the Wellington property from veterinarian Scott Swerdlin, who originally purchased it from Straub for $16 million in 2019. The developer's previous attempts to redevelop the course were unsuccessful, leaving the valuable acreage underutilized in one of South Florida's most desirable markets.

BH Group brings substantial experience to the project through its current partnership with homebuilding giant Lennar on the Greenview at Presidential development. That 103-home luxury project near North Miami Beach and Aventura broke ground last year, with residences priced between $2.5 million and $3.5 million.

The company has established itself as a significant player in South Florida's development sector through collaborations with major firms including Related Group, Pebb Enterprises, and Kolter. Recent projects span mixed-use developments, hotels, and condominium complexes across the region.

Last week, BH Group achieved another milestone when the Riviera Beach City Council approved zoning changes for Gallery at Marina Village. The 20-story, 418-unit apartment project near the Port of Palm Beach represents a joint venture with Related Group and Tezral Partners, demonstrating BH Group's expanding portfolio across multiple property sectors.

The Wellington acquisition positions BH Group to capitalize on strong demand for luxury housing in Palm Beach County, where affluent buyers continue seeking premium residential options. The former golf course's substantial acreage provides flexibility for creating an exclusive community that could command premium pricing similar to the company's other projects.