(1) Is not less than 500 acres of contiguous land area;
(2) Is located either within a county where the sale of alcoholic beverages is authorized or within a county that has one or more municipalities where the sale of alcoholic beverages is authorized, but outside the corporate limits of any municipality;
(3) Has at least 200 residential sites, platted and recorded in the office of the clerk of the superior court of the county as a residential subdivision;
(4) Has streets that were or will be built with private funds and are or will be maintained by private funds of the developers or property owners within the development; and
(5) Has a social club with:
(A) An 18 hole golf course of regulation size;
(B) A restaurant or eatery used exclusively for the purpose of preparing and serving meals, with a seating capacity of at least 60 patrons;
(C) A golf or social club membership and has at least 200 paid-up members who have paid a membership fee for family or individual membership;
(D) A membership policy whereby membership is not denied or limited by an applicant's race, color, creed, sex, religion, or national origin; and
(E) A full-time management staff for the social activities of the club, including the management of the premises where food and drink are sold.
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