Winchester Country Club, bank-owned since its 2008 foreclosure, was purchased earlier this month by Real Capital Solutions, a Colorado-based real estate investor of distressed assets.
The new owners bought 136 remaining home sites that range between one and six acres, the 225-acre golf course and the 35,000-square-foot clubhouse.
In a letter to the semiprivate club's members, RCS said its "plan is to complete the development and restore the vision of Winchester as one of the greatest golf communities in Northern California."
Rocklin's Mandarich Developments has been retained to sell home sites, develop unfinished sites and build a limited number of custom homes. Mandarich is also the developer of The Orchard at Penryn Park.
The Meadow Vista community consists of 409 home sites over 1,170 acres 161 homes have been built, company owner Gary Mandarich said.
"(The sale is) going to be good news for both the residential and golfing community," Winchester general manager John Welch said.
The club has 207 members, Welch said, but the course has been open to the public during selected hours since its foreclosure. Fees for golf with a cart and range privileges are between $55 and $95 depending on the day.
If all goes according to plan, the course will one day return to private status, according to all parties involved.
"If you look at the nature of the course, the number of lots, the qualities (that original developer C.C.) Myers envisioned, it's got exclusive private golf club written all over it," Welch said.
Refurbishing of the clubhouse and the construction of a sales office within will be among the first orders of business. Deferred maintenance on cart paths, bunkers and drainage will then be addressed. RCS representatives said they have already spoken to a dozen companies interested in managing the course and clubhouse, and a decision is expected within two months.
Whitney Oaks gets serious
It has been seven years since the Sacramento area was an annual stop for a major professional golf tour.
The minitours also have largely avoided the area, which is surprising and disheartening in such a golf-centric region.
That will change this year with Whitney Oaks scheduled to host an All-American Tour event in July and the Northern California Open in September.
The United Auburn Indian Community, the owner of Thunder Valley Casino, bought Whitney Oaks in April. Soliciting professional events is part of the new owner's big picture, tribe spokesman Doug Elmets said.
"They're absolutely intent on taking Whitney Oaks to a completely different level," he said.
The All-American Tour, which has merged with the Gateway Tour, is tentatively scheduled to play July 17-19. The NorCal Open, which has been held annually since 1920, will be contested Sept. 9-11.
Whitney Oaks hosted a Canadian Tour event in 2004.
Pros at Phoenix and Pebble
While Sacramento's Kevin Sutherland returns from a year away from the PGA Tour to rehabilitate a neck injury in this week's Waste Management Phoenix Open, it's looking more and more as if Elk Grove's Spencer Levin will sit out the 2013 season.
Levin, who hasn't been seen on tour since the Deutsche Bank Championship in September, will not play in next week's Pebble Beach National Pro-Am, his agent, Kevin Canning, said Tuesday.
Levin had surgery in October to repair a torn ligament in his left thumb.
Previously, Canning said that if Levin was not 100 percent healthy by Pebble Beach he would most likely sit out the season.
Another player who won't tee it up in Monterey next weekend: Tiger Woods.
Amateurs at Wine and Silicon
Arbuckle's Ben Geyer, the 2012 Northern California Golf Association points season winner, won the Wine Country Cup at StoneTree in Novato on Sunday.
Geyer, a Saint Mary's senior, is 11th in the 2013 standings, which are led by El Macero's Tyler Raber. Raber, a UC Davis senior, won the Silicon Valley Amateur two weeks ago at Coyote Creek in San Jose.