Dr Smurfit (81) said in a recent interview with the Sunday Business Post that his advancing years had informed his and his family’s decision to sell the K Club now.
The businessman said there had already been significant interest in the K Club, which he added had cost some €200m (£179m) to develop.
Located on the banks of the River Liffey in Straffan, Co Kildare, it opened as a luxury hotel in 1991 and was Ireland’s first AA Five Red Star Property.
Sitting on a 550-acre estate, the resort is made up of a 134-bedroom hotel and two 18-hole championship golf courses designed by the late Arnold Palmer.
The original house and estate was developed in 1832 by the Barton wine family.
Modelled on a French chateau, the sprawling five-star golf resort still retains many of its original architectural features, artwork and antiques.
The K Club estate features a Victorian walled garden and fishing on the River Liffey, which runs through the resort.
Agent Savills Ireland is handling the sale of the property. Director of hotels and leisure at Savills Ireland, Tom Barrett, said: “The K Club is one of the leading hotel and golf resorts in the world.”