Despite spectacular scenery, the sale of The Lakes and Resort Courses in Genoa Lakes took years.
Both Genoa Lakes golf courses went on the market last week for $14 million.
Chase International broker Mike Dunn said that with the slower season on the way, now is a good time to buy the courses, so new owners can work out how they want to proceed before the arrival of the summer.
“It’s the most spectacular property in the area,” he says. “Genoa is one of the hottest markets in the region and owners will be able to turn it into a phenomenal leisure opportunity. It’s a win-win for our community.
He pointed out that with the final project planned for the two grounds in the near future, the new owners will be able to focus on amenities, such as banquets and weddings.
Although a person only plays golf once or twice a week, additional recreational opportunities will be essential for the future of the courses.
According to genoagolf.com, the two 18-hole golf courses cover 565 acres along the foothills of the Carson Range.
The courses have a clubhouse and supper club with established wedding and banquet facilities.
The southernmost course is on the old Sierra Creek Ranch and was approved in 1989 for 220 homes on 90 acres. Under the approval, the golf course was built first, then the houses. The property has basically reached construction. An effort to increase the number of homes along the South Course was rejected by the district court.
The North Course was built on the former Harvey Gross Ranch which was purchased by pizza entrepreneur Ron Simek in 1986. Approval of the golf course and 312-lot project included the first instance of a developer transferring development rights to a non-contiguous property in Douglas County. . Those rights came from the 900-acre Long Field south of Muller Lane, which is also on the market as part of Christopher Bently’s sale of his Douglas property.
There are 516.46 acres of water rights plus 200 acres of additional rights that can be pumped out during times of drought.
Douglas County’s newest golf course at Clear Creek is within sight of the North Course. To the east is Sunridge Golf Course at the base of the Indian Hills. The Carson Valley Golf Course in Gardnerville complements the five courses located in Carson Valley. Edgewood at Stateline is the county’s sixth course.