Golf courses merge; homes on the way
April 13, 2005
GENOA – The Golf Club at Genoa Lakes and the Sierra Nevada Golf Resort have merged in a deal that clears the way for construction of nearly 400 homes.
The club will be called Genoa Lakes Golf Club and Resort. The Genoa course will be called the club course with the former Sierra Nevada site being called the resort course. Five of the holes on the resort course will be redesigned and ready for play in summer 2006.
The Monterey Development Group sold Sierra Nevada Golf Resort to the Golf Club at Genoa Lakes owner Mario Antoci, creating a 450-acre golfing resort and community of 395 homes.
“Two courses and a community are going to be developed there over the next few years,” said Antoci. “Members now have two courses and 36 holes to choose from.”
The homes will be built over the next few years, with approximately 46 now under construction. The custom and semi-custom houses, owned by the Monterey Development Group and Ron Simek, the founder of Tombstone Pizza, will be located next to the golf courses on both the east and west sides of Jacks Valley Road.
An additional 150 time shares could be part of the plan. In fractional ownership there can be from four to 12 owners of each unit, with from four to 13 weeks of usage each year per owner.
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The par-72 courses, about three miles apart, are now owned by Antoci, who said escrow closed March 31.
Genoa Lakes Golf Course was designed by Peter Jacobson and John Harbottle. It is the site of a U.S. Open qualifying tournament in May. Genoa Lakes Golf Resort was designed by Johnny Miller and Harbottle.
The interior of former Sierra Nevada Golf Resort’s 19,000-square-foot clubhouse will be remodeled. New golf carts and an upgraded sports restaurant are also part of the plan.
Five holes at Genoa Lakes Golf Resort will be constructed by Jack Nicklaus’ design firm on the east side of Jacks Valley Road to replace five existing holes, also on the east side of Jacks Valley Road.
“We will just shift where they are,” said Antoci. “We’ll be building five new holes. They’ll be ready for play a little over a year from now.”
Construction of the new holes will begin by the end of May and golfers should be able to play on them, perhaps as early as June 2006.
The Monterey Development Group owns about 200 acres that will be divided into 315 lots, called Montaña at Genoa Lakes Golf Resort, located on the east side of Jacks Valley Road. Some of the lots will be on the land where the five holes will be abandoned.
The first 10 lots have already sold and 44 semi-custom homes are under construction, officials said.
Montaña’s second phase is slated for mid-May, after a home sale center is completed.
Also included in the transaction was the sale of 36 acres to an investment group, including Carson Valley resident Marsha Tomerlin. The property is on both sides of the entrance to Genoa Lakes Golf Resort, from Jacks Valley Road down to the clubhouse.