In 1895, he made an arrangement to purchase about 598 acres of land for about $1.25 per acre to create a health resort in the Sandhills. Mr. Tufts wanted a "first class" plan for his new resort and contacted a land planning firm in Brookline, Massachusetts that was headed by Frederick Law Olmstead, designer of Central Park in New York City and the Biltmore Estate in Asheville. In about three weeks time, the plan for the Village of Pinehurst was formed. Mr. Tufts then hired Donald Ross in 1900 to be responsible for development of golf.

For many years, Pinehurst was a privately held resort under sole proprietorship of the Tufts family. In 1920, a corporate form of ownership was established when a charter for Pinehurst, Inc. was obtained. By the late 1960's the shareholders of Pinehurst, Inc. decided to sell the resort property to Diamondhead Corporation. Over the next decade, Diamondhead created about 7,000 lots or units for sale with membership rights to the Pinehurst resort facilities. Infrastructure to support these lots (roads, water, sewer, etc.) was also constructed at this time. In 1980, pursuant to an Order of Incorporation, the Village of Pinehurst became an incorporated municipality. Since then ownership of the resort property has changed hands several times and the world-renowned golf courses have been developed and expanded under each owner. In 1996, The Village of Pinehurst and Pinehurst Resort had the distinct pleasure of being given National Landmark status for their historical, significant role in U.S. golf history.

Search and view properties for sale in Pinehurst

May 01, 2010 through to May 31, 2010 there were 20 Single Family Homes Sold. Average Sales Price of $257,988. Average Days on Market (DOM) was 146. During the same time there were 53 New Listings entering the market with the Average Asking Price $518,936. Currently there are 458 homes listed sale for sale with the Average Asking Price $519,903.

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