From the road it certainly didn't look it. It looks like it's been closed and abandoned for a while new. I don't really know much about it, just last summer someone got in touch with me and I offered to take a couple of pics. I have no personal interest in the site, i.e. I don't have a house there but am certainly willing to help out if I can.
When were you last there?
Personally, I'd be chasing them thru the Turkish courts by this stage to recover my money.
Just to quickly clarify - The place I'm aware of is on the way to Bodrum from the Airport. Once you pass the turn off for Vita Park Golf on the right, then about 2-300 meters on the left is the entrance to the development. There are 2 rows of detatched houses with a show house built about 50 yards in front of them. There is no signage to indicate it is Flamingo Golf Resort. Does that sound right for the place you know?