This is your chance to own 65.8± breathtaking acres featuring rolling hills, open green space, and the convenience of downtown. Located in New Albany, Indiana, this prime real estate and includes pro shop, parking lot, outbuildings, and maintenance garages making it a fantastic opportunity for redevelopment or investment. Large open parcels like this, in a downtown area, rarely become available! The property is currently operated as the Historic New Albany Country Club Golf Course. Rolling hills, captivating views, and scenic park-like setting make this property ideal for multi-use and residential development* Highlights: • 65.8 acres of open green space in downtown New Albany. • Zoned MDR, OS, and FP. • Potential for partial redevelopment while continuing golf course operations—possibly as an executive course—offering *significant golf course tax benefits. • Leaseback option available to help reduce buyer's holding costs through lease payments, property maintenance, and special golf course tax credits. • No option contracts. • Virtual showings and live spatial-video tours available. Contact Sharon Handy for details. *Any redevelopment, future use determinations, or zoning/re-zoning approvals are the sole responsibility of the buyer. Outcomes cannot be predicted and are not guaranteed by the seller.
Sold for $1,335,000 on 11/24/25
$1,335,000
1706 Graybrook Lane, New Albany, IN 47150
--beds
--baths
65.82Acres
Unimproved Land
Built in ----
65.82 Acres Lot
$-- Zestimate®
$--/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 03, 2025 at 07:29am
Listed by:
Sharon Handy,
Real Estate Go To
Bought with:
Paul R Kiger II, RB14035922
Coldwell Banker McMahan
Sarah Ring, RB14044569
Coldwell Banker McMahan
Source: SIRA,MLS#: 2025012899
Originating MLS: Southern Indiana REALTORS Association
Facts & features
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Has view: Yes
- View description: Golf Course
- Frontage type: Golf Course
Lot
- Size: 65.82 Acres
- Features: On Golf Course, Near Golf Course
Details
- Additional structures: Barn(s), Garage(s), Other, Shed(s)
- Parcel number: 0086120001
- Zoning: Residential,Specialty Dis
- Zoning description: Residential,Specialty District
Utilities & green energy
- Sewer: Public Sewer
- Water: Connected, Public
Community & neighborhood
Location
- Region: New Albany
Other
Other facts
- Listing terms: Conventional,Contract,Other
- Road surface type: Paved