A private golf club that sits less than 15 miles from Pebble Beach along the Monterey Peninsula was sold for nearly $10 million, according to a story in the Monterey Herald.
The Club at Pasadera was purchased from a group of local investors by Concert Golf Partners. The Jack Nicklaus-designed track is a 6,673-yard, par-71 golf course, which carries a 73.7 course rating and a slope of 143.
CBS Sports broadcaster Jim Nantz, who purchased a home in the area more than a decade ago, had high praise for the course.
“The Club at Pasadera is one of the underrated gems of California golf,” said Nantz. “The club and course are absolutely spectacular.”
(Photo courtesy Concert Golf Partners)
This marks the first California purchase for the Florida-based Concert Golf Partners, which now owns 33 properties, including The Club at Longview in Charlotte, N.C.; The Club at Renaissance in Ft. Myers, Florida; White Manor Country Club in Philadelphia; and The Muttontown Club on Long Island, N.Y.
“We’re thrilled to welcome The Club at Pasadera, a perfectly crafted golf course and premier club located in one of golf’s elite global destinations, into the Concert Golf family,” said Concert Golf Partners Senior Vice President Jordan Peace. “Our commitment to safeguarding the rich heritage of this club aligns seamlessly with our overarching mission.”
Here’s more from the Herald:
The Club at Pasadera golf course and country club is the centerpiece of the 565-acre, 250-home Pasadera Community. It opened in 2000 at a cost of $42 million, and was bought 10 years later by HNA Group, a Chinese conglomerate, for about $7.5 million after the original owners, Pasadera Country Club, LLC., filed for Chapter 11 bankruptcy. It had been in discussions with the Trump Organization about a possible sale, though the deal fell through in December 2008 over loan conditions and the threat of lawsuits. In late 2018, a group of local investors purchased Nicklaus Club Monterey for about $3.2 million and renamed it The Club at Pasadera.
(Photo courtesy Concert Golf Partners)