RI’s Most Exclusive Sports Club Carnegie Abbey Goes Up for Auction
Friday, November 02, 2018
Carnegie Abbey was first marketed in 2000 the initiation fee was $120,000 per member and the price went up from there.
Today, the Club House and related building are assessed at $4,371,300 by the Town of Portsmouth.
“Less than a year after opening, Carnegie Abbey, the exclusive and outstanding new $40 million golf course and sporting club retreat created here by British entrepreneur, conservationist and America's Cup challenger (1983), Peter de Savary, will host a challenge between the Ryder Cup captains on June 19, 2001,” claimed Carnegie Abbey’s website at the time.
“European Captain Sam Torrance and U.S. Captain Curtis Strange will play head-to-head in a prelude to the Ryder Cup tournament taking place next September at The Belfry in North Warwickshire, England. The Carnegie Abbey event will be televised in October on Shell's Wonderful World of Golf on ESPN,” said the club.
Founder Peter de Savary said when launching the club, “We try to achieve a distinctive lifestyle while enjoying traditional Scottish style golf and other sporting activities within the spirit and camaraderie of good fellowship."
He later sold the site and a number of financial issues hit the club.
The bidder’s tour of the auction is scheduled for November 27, 2018.
More details below.
125 Cory's Ln., Portsmouth, RI 02871 (for mapping & GPS enter 300 Willow Ln.)
Auction Reference No.:
12/04/18 02:00 PM
MORTGAGEE'S FORECLOSURE AUCTION
Prestigious Country Club with 18-Hole Donald Steel Links Golf Course
With Spectacular Views of Narragansett Bay
Land for Potential Development, Clubhouse, Marina, Equestrian Center, Liquor License
Leasehold & Fee Interests in "The Carnegie Abbey Club"
Minutes from Newport Shops, Restaurants & Beaches
Bidder Tour: Tuesday, November 27 (2pm-4pm)
Auction Location: Golf Clubhouse at 125 Cory's Ln., Portsmouth, RI (for mapping & GPS enter 300 Willow Ln.)
RI LIC #RES.0026070