Westgate

Westgate Community is located in Mission Hills Country Club in Rancho Mirage, CA.
The club has five golf courses and incredible views of the surrounding valley.
We acquired a parcel of land on the renowned Pete Dye Challenge Course within Mission HIlls and entitled it for 31 custom estate lots ranging from 1/2 acre to 1.3 acres.
We worked with Pete and Perry Dye and Sema Golf to add lakes and rebuild several of the golf holes surrounding the property in order to improve the desirability of the lots.
View of the number seven hole during construction of a new lake.
This is a view from the number seven hole after construction of the new lake.
Views from the fairway of the number eight hole bordering Westgate lots.
Views from southwest facing Westgate lot over the number eight fairway.
This is a view of the number nine hole before addition of new lake.
This is the view of the number nine hole after the addition of the lake.
Developer Frank Eder with the sales team for Westgate sold the lots in record time doubling prior lot comps in the club.
This is a a view from the fairway of one of the custom homes after construction.
Our vision of indoor outdoor living with incredible views of San Jacinto were realized.
This shows the view to the southwest over the pool and lake.
This shows views to the southeast over the pool and lakes. Homeowners can see the sun rise and set.
Spectacular sunrise.

Project: WESTGATE
Dates: 2004 – 2005
Project Website: newportcoastcapital.com/westgate

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We were one of the first to develop a custom golf estate lot community in Rancho Mirage, CA. Lot sales in Westgate eclipsed prior comps by a factor of two and we achieved an IRR of 65% with institutional investor, ING Realty.

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The Opportunity for Differentiation

We discovered that there was a scarcity of estate sized lots one half acre or larger on a private golf course for less than $600k in Southern California.

Vision

Position and brand Westgate as THE PREMIER community of large estate lots on a golf course in Rancho Mirage, CA.

Key Results

Acquisition:

In June 2003, we purchased a parcel of raw (fee based) land on the private Pete Dye Challenge Course in Mission Hills Country club with entitlements in place for forty four production homes.

We purchased eight additional acres and ten private golf memberships for $300k.

We secured agreements for golf course modifications and lake installation, and conducted the civil engineering for the entry, streets, water and sewer.

Entitlements:

We obtained entitlements on a sixteen acre subject property plus and an eight acre parcel in October 2003 (four months).

Improvements:

Two new lakes on hole seven and hole nine
Thirty one waterfront estate lots angled towards the views
Wrote CC&Rs and design guidelines
Entry feature, gate, streets, sewer, and utilities, grading of lots to blue top.
Made the community a gated community within a gated community
Price point: $400k to $800k per l for ½ to 1+ acres
Average lot size, 0.65 acres

KEY RESULTS:

The 10+ year senior planner Carl Bishop at the city
of Rancho Mirage stated:

“Westgate was the best thought out, high end
development because of the design guidelines.”

Positioned and branded the Westgate Development as
one of the premier residential communities in the desert with anticipated home sale prices on par with the ultra-high end homes in the desert

65% IRR with Institutional partner ING Realty, Inc.

Development Team

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