Centaur Holdings has cashed out of its splashy Panther National golf community in Palm Beach Gardens, selling the 392-acre property to an entity tied to Ohana Real Estate Investors for $191.2 million. The deal covers an 18-hole championship course, a nine-hole par-3 layout and roughly 150 unsold home lots inside the gated Panther neighborhood, effectively handing the remaining build-out and clubhouse program to a new institutional player at a time when buyers are still paying up for amenity-heavy, golf-centered living.
Sale details and buyer
According to the South Florida Business Journal, Centaur sold the 392-acre Panther National property to an entity linked to Ohana Real Estate Investors for $191.2 million. The publication reports that the package included the championship course, the nine-hole par-3 and about 150 remaining home sites that have yet to be sold.
Financing and project timeline
In 2024 Centaur lined up roughly $160 million in financing from Sunrise Realty Trust and affiliated entities to refinance construction debt and bankroll the second phase of Panther National, as detailed by Sunrise Realty Trust. That financing disclosure describes Panther National as a 392-acre gated community with about 218 planned residences and an 18-hole championship course that opened in November 2023.
The buyer also took on a $115 million mortgage from JPMorgan Chase Bank, and the purchase price works out to roughly $488,000 per acre, according to The Real Deal. For a high-end South Florida golf community, that is a serious tab for dirt and fairways.
Why buyers still pay up
Industry figures suggest the real estate component around the tees and greens is still the main draw. The National Golf Foundation estimates that roughly 3,200 U.S. golf facilities have an associated real estate element, nearly 23 percent of the national supply, and notes that homes on golf courses have historically commanded about a 15 percent price premium. Those kinds of numbers help explain why institutional capital keeps circling branded, amenity-rich developments in Florida's luxury housing market.
What is next for Panther National
Ohana now steps in to control the remaining lots and the clubhouse program. Prior reporting and developer materials describe the lifestyle clubhouse as roughly 58,000 to 60,000 square feet and scheduled to open this fall, with a restaurant, wine bar, fitness center, event lawn and retail space. Finishing that facility will be central to marketing the remaining homes and memberships, according to Sunrise Realty Trust. For current residents and would-be buyers, the handoff puts responsibility for final build-out and membership operations on a new owner while Centaur exits the local stage.
