High-end land development - need advice

[Scott Shelton]

I'm a fairly new real estate agent. Through my connections I've partnered with a gentleman who owns about 60 acres of land on a golf course, all with deep water access. He wants $50 million for these 60 acres for someone to come in and add onto an established community, or place high-end multi-family units. 

He wants me to:

1. find buyer(s)

2. do it discretely, without marketing

How should I go about this? Who should I contact? What do I need to know about the land so as to sound educated when interacting with these investors?

[Hai Loc]

wow  welcome to real estate. If I were in your shoes I would not take this project on myself. I know you are giving away a lot of your piece of the pie but its better to get it done right vs taking advice on BP. 

So the deal will be $50M in exchange for the golf course with a contingency that houses will be built? Why would he care when he is walking away for $50M? I think I am missing something here

So he basically wants you to market his property privately. I would suggest you make him sign an exclusive agreement so he is tied with you.. or else its an open market and you can do a lot of work for nothing..

First of all you need to know if the golf course has zoning to build high end homes.. how many homes per acres? is he out to lunch with his asking price?

Good luck