Kay & Burton Portsea’s Liz Jensen is marketing the sites, accessed via Relph Avenue, at $1.35 million each.
She said they can be inspected by appointment, or from the first hole, at the Portsea course.
Committee member and redevelopment manager Colin Watson said moneys made from the sale are necessary for the Club to proceed with its redevelopment – which he said will generate revenue, and guarantee the Club’s viability into the future.
A new club house with entertainment facilities – to cater for weddings and corporate conferences – will be developed alongside 24 apartments, which will be targeted to holiday makers.
“The decision to sell the blocks was motivated by falling memberships – research confirming that today’s time-poor generation is not investing in memberships to play time-intensive golf,” Mr Watson said.