My answer to the question would be:
1. Yes, if it is subsidized by some governmental agency (i.e., Bethpage)
2. Yes, if it's in the middle of nowhere (i.e., Links of N.D.) where land prices are ridiculously cheap.
3. Yes, if it is owned by a rich person who doesn't need or want to make money (Rawls.)
Otherwise, no way.
We're talking about a game that is usually played over a minimum of 150 acres. What other leisure activity requires so many natural resources per participant, aside from yachting?