EXHIBIT 23.3
 
                      CONSENT OF INDEPENDENT ACCOUNTANTS
   
  We hereby consent to the use in the Prospectus constituting part of this
Amendment No. 1 to Registration Statement on Form S-4 of Cobblestone Holdings,
Inc. of our report dated July 26, 1996 relating to the financial statements of
Sweetwater Golf Partnership, which appears in such Prospectus. We also consent
to the reference to us under the heading "Experts" in such Prospectus.     
 
PRICE WATERHOUSE LLP
 
Houston, Texas
   
September 16, 1996