Winchester Country Club, Community Up for Sale
THE MEADOW VISTA, CALIF., PROPERTY INCLUDES 1,170 ACRES WITH A GOLF COURSE CO-DESIGNED BY ROBERT TRENT JONES SR. AND JR., A 35,000-SQ. FT. CLUBHOUSE, A 3,200-SQ. FT. FITNESS CENTER, A SWIM AND TENNIS CENTER, AND TRAILS. THE SALE ALSO INCLUDES 35 FINISHED RESIDENTIAL LOTS AND 164 ACRES FOR FUTURE DEVELOPMENTS.
Winchester Country Club and its accompanying development in Meadow Vista, Calif., are on the market.
The 1,170-acre property includes a golf course, clubhouse, and the remaining development interest, which is 35 finished lots and approximately 164 acres of land reserved for future developments.
The famed golf course is one of seven in the world co-designed by renowned architects Robert Trent Jones Sr. & Jr together. Other amenities include a 35,000-sq. ft. castle-like clubhouse, 3,200-sq. ft. recently renovated fitness center, a swim and tennis center with a junior Olympic-sized pool and three tennis courts, as well as hiking, biking and equestrian trails totaling 18 miles. The Perimeter Trail is one of the club’s top amenities and is nearly 5 miles in length.
The 35 finished lots currently retail for an average $291,543 per lot. Along with the remaining 164 acres yet to be developed, projected lot proceeds to the new owner could surpass $50 million.
The Leisure Investment Properties Group of Marcus & Millichap Real Estate Investment Services is accepting offers on the community, and is asking interested parties to submit formal interest over the next 30 days.
“Winchester is the ultimate lifestyle destination, readily accessible to the popular destinations in Sacramento, the San Francisco Bay Area, Napa Valley, Lake Tahoe and more,” said Terence Vanek, Marcus & Millichap partner and lead agent. “The seller invested substantial capital to restore Winchester as one of the great golf communities in Northern California. It is an irreplaceable asset that is now ready for a new owner with experience in residential development to be uniquely successful.”
Source article link: https://clubandresortbusiness.com/2018/02/winchester-cc-community-sale/