A personal golf membership that sits lower than 15 miles from Pebble Seaside alongside the Monterey Peninsula was offered for almost $10 million, in keeping with a narrative within the Monterey Herald.
The Membership at Pasadera was bought from a gaggle of native buyers by Live performance Golf Companions. The Jack Nicklaus-designed observe is a 6,673-yard, par-71 golf course, which carries a 73.7 course score and a slope of 143.
CBS Sports activities broadcaster Jim Nantz, who bought a house within the space greater than a decade in the past, had excessive reward for the course.
“The Membership at Pasadera is among the underrated gems of California golf,” mentioned Nantz. “The membership and course are completely spectacular.”
(Picture courtesy Live performance Golf Companions)
This marks the primary California buy for the Florida-based Live performance Golf Companions, which now owns 33 properties, together with The Membership at Longview in Charlotte, N.C.; The Membership at Renaissance in Ft. Myers, Florida; White Manor Nation Membership in Philadelphia; and The Muttontown Membership on Lengthy Island, N.Y.
“We’re thrilled to welcome The Membership at Pasadera, a wonderfully crafted golf course and premier membership positioned in one in every of golf’s elite international locations, into the Live performance Golf household,” mentioned Live performance Golf Companions Senior Vice President Jordan Peace. “Our dedication to safeguarding the wealthy heritage of this membership aligns seamlessly with our overarching mission.”
Right here’s extra from the Herald:
The Membership at Pasadera golf course and nation membership is the centerpiece of the 565-acre, 250-home Pasadera Group. It opened in 2000 at a value of $42 million, and was purchased 10 years later by HNA Group, a Chinese language conglomerate, for about $7.5 million after the unique house owners, Pasadera Nation Membership, LLC., filed for Chapter 11 chapter. It had been in discussions with the Trump Group a few potential sale, although the deal fell by in December 2008 over mortgage situations and the specter of lawsuits. In late 2018, a gaggle of native buyers bought Nicklaus Membership Monterey for about $3.2 million and renamed it The Membership at Pasadera.
(Picture courtesy Live performance Golf Companions)
