Innisbrook Golf Resort, known for hosting the annual Valspar Championship, plans to convert part of its property into a new residential development.
The resort’s owner, Salamander Innisbrook LLC, plans to return part of its land “in response to changing golf course usage trends” and will “adapt one of the existing courses by converting part of the Osprey course North into a newly designed short course, and subsequently redevelop remaining areas for new residential development,” according to Pinellas County documents.
On Tuesday, Pinellas County Commissioners will review a county plan map amendment for 64.1 acres at 36750 U.S. Highway 19 North in Palm Harbor. The commission will also consider a request for an amendment to the master development plan to transfer existing unused residential rights from parts of the property to the plot the owners wish to redevelop.
The proposed amendment consists of 14 separate parcels within the planned residential development district of Innisbrook. Residential development within the Innisbrook community includes condominiums, apartments and single family homes and four golf courses.
Of the 64.1 acres of this modified area, approximately 53.7 acres are modified to create a new parcel, referred to as parcel L, with the remaining parcels, B, D, E, G and H comprising the remainder of the modified area.
If the Density Alteration and Transfer is approved, the Resort Owner may construct a maximum of 180 units.
The local resort’s decision to convert part of the property follows a pattern that many golf destinations are adopting as a way to generate more revenue.