Greg Norman, known for his successful business career and controversial persona as the face of LIV, has designed over 100 golf courses worldwide including Tiburon, ChampionsGate, and the Fire course at Jumeirah. However, his signature course outside Los Angeles, the former Golf Club of Vellano, struggled financially and shut down in 2018. The 6,900-yard course and its 269 acres are now up for sale, with the property being offered at $17.5 million for the course and clubhouse, or $10 million for just the course and maintenance buildings.
Potential buyers looking to revive the Norman-designed course will need a significant investment and equipment to bring it back to playable condition. The question arises whether to maintain the original design or retool it within the constraints of existing home sites. Regardless of the decision, the surrounding 175 homes will benefit from the revitalization of the property, with homes within the gated community being offered for sale at $5.5 million and empty lots for $1 million.
The Golf Club of Vellano is located in Chino Hills, about 50 miles east of LAX and on the border of Orange and San Bernardino counties. The population of Chino Hills is 75,000 and notably does not include inmates from the California Institution for Men, a medium-security state prison located in neighboring Chino. The location offers a unique opportunity for potential buyers to invest in an exclusive golf course property in a desirable area with potential for growth and development.
With a mix of luxury condos, villas, and a golf course designed by Greg Norman, the former Golf Club of Vellano presents a lucrative investment opportunity for those looking to revitalize the property. The inclusion of a 45,000-square-foot clubhouse with a wedding venue tenant adds additional value to the offering, providing potential for multiple revenue streams. The Tuscan-meets-Vegas-style architecture of the clubhouse also adds a unique appeal to the property, attracting a diverse range of buyers.
The existing homes surrounding the Golf Club of Vellano offer an additional selling point for potential buyers, with the opportunity to capitalize on the demand for luxury housing in the area. The 10,000-square-foot home currently for sale at $5.5 million reflects the high-end market that exists within the community, while the empty lots for sale at $1 million provide options for buyers looking to build their dream home from scratch. The potential for further development within the community adds to the overall appeal of the property.
Overall, the sale of the former Golf Club of Vellano presents a unique opportunity for investors and developers to acquire a prestigious golf course property in a desirable location. With the potential for revitalization and development, the property offers a chance to leverage the brand association with Greg Norman and attract a high-end clientele. The combination of the golf course, clubhouse, and surrounding homes creates a comprehensive offering that is sure to appeal to a range of buyers looking to capitalize on the luxury real estate market in Chino Hills.
