The members and residents of the Estero, Fla., club purchased the community and its championship golf course, while Indian Hill Partners bought the remaining real estate assets, both for undisclosed figures. The golf course is surrounded by 500 acres of nature preserve, with access to the private 85-seat West Bay Beach House located on Hickory Island with 200 ft. of beachfront and beachside dining service.
The members and residents of West Bay Beach and Golf Club in Estero, Fla., have purchased the community and its championship golf course, the Fort Myers (Fla.) News-Press reported.
In a deal that closed February 28, the golf course and remaining memberships were purchased for an undisclosed price by community stakeholders from the West Bay Club Development Corp., according to a statement released today by the boards of directors of the West Bay Golf Club and the West Bay Property Owners Association, the News-Press reported.
Indian Hill Partners, which managed the community for investors from 2003–2007, purchased the remaining real estate assets for an undisclosed figure, the News-Press reported.
Indian Hill plans to release 26–30 Westlake Court luxury villas this year. The single-family residences will be the first new residential offering within West Bay in more than five years, the News-Press reported.
A second developable parcel to the south of the Jasmine Bay condominiums remains slated for a future high-rise condominium, the News-Press reported.
The golf course is surrounded by 500 acres of nature preserve, and members also have access to the private 85-seat West Bay Beach House located on Hickory Island with 200 ft. of beachfront and beachside dining service. The community also has a boat ramp with access to the Estero River, the News-Press reported.
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