Sprawling Felicita Resort in Dauphin County listed for $17.5M
Richard Angino says the dream is over and it's time to sell Felicita Resort in Middle Paxton Township.
The 78-year-old Harrisburg attorney and real estate investor has listed the sprawling Dauphin County resort with Bo Mangam of Landmark Commercial Realty for $17.5 million.
Angino has run the resort property with his wife, Alice, 80, for more than two decades, having invested about $40 million over the years to upgrade and expand it for future development.
But after weathering the last recession and dealing with lending issues tied to a credit rating fight, Angino said the couple has faced reality and believe now is the right time to move on from Felicita.
"You reach a point where taxes are several hundred thousand dollars every year," he said. "I don't want to have more responsibilities than I can handle at this time."
The Anginos hoped to build a sustainable green community on the resort, which had an operating golf course until 2014, as well as lodging and a restaurant/catering facility that closed last year. But their plans were never fully realized.
"You get older and you've got to do something with all of this land," said Angino, who hopes the listing will attract established resort developers and operators who see opportunity to continue developing the property.
"We think if someone else develops it, a part of our dream will be fulfilled," Angino said.
The couple started investing in that area in 1971 with 55 acres, which they purchased to build a home. Over the years, they acquired adjacent land along Fishing Creek Valley Road, culminating in 1997, when they bought the 335 acres of Blue Mountain Golf Club for about $2.8 million for Felicita.
The sale includes 684 acres with a golf course and clubhouse, along with other course facilities. It also includes a restaurant/catering facility that was used for special events, a spa property with treatment rooms, fitness center, a heated swimming pool and other amenities; and five lodging buildings with 40 total rooms.
The Anginos are retaining about 75 acres where they still live.
Mangam has launched a worldwide marketing campaign for the property. She believes its proximity to major cities along the East Coast will make it attractive to buyers. The prospect of developing lots for residential uses also will be a plus in a tight housing market.
"My goal is to identify a buyer who would take advantage of the seller's offering and will expand the resort to another level," she said. "Felicita could end up as the most beautiful multi-use regional resort in the eastern part of the U.S."
Angino said he sees opportunities for senior living at the secluded resort, which sits a few miles away from Route 22/322 with little development around it. He also said he envisions the golf course being converted to something like Central Park because of its gardens.
"It is an ideal place. It was a dream," he said.