Peachland of a deal for Alberta purchasers
APEACHLAND, B.C. lberta buyers are expected to show up now that Ponderosa Golf and Country Club has launched in Peachland, the idyllic little town a half-hour south of Kelowna, B.C.
“We expect to get a good chunk of buyers from Edmonton, Calgary and Vancouver because they love the Okanagan and golf for vacation homes,” says Norm Porter, CEO of Ponderosa Development Ltd.
There had been a Ponderosa Golf Course overlooking Okanagan Lake for decades.
But when the original Ponderosa fell into receivership, it was reincarnated as a 166-hectare master planned community with completely redesigned 18-hole championship course, surrounded by 2,300 homes.
The development gets its name from the expansive Ponderosa pine forests that cover the mountainside and border the golf course and homes.
The first two show homes for the 69-unit hillside townhouse development, The Trails, are now open.
The golf course will open in summer 2013.
One of the display homes features a cool colour palette of grey, blue and green, while the other show home highlights warm shades of tan, brown and yellow.
The Craftsmen-style, two-and three-bedroom townhouses range in size from 1,250 to 2,000 square feet and are priced $299,000 to $525,000 depending on size, finishings and view.
“With the recent recession, the reality is the cost of construction is lower right now,” says sales and marketing director Julia Debolt.
“These are very good prices for townhouses of this calibre on a championship golf course.”
All of the townhouses have Shaker-style exteriors with wood beams, stone accents and big patios.
Interiors are open plan, with expansive windows to let in the natural light. They feature engineered hardwood floors and Shaker-style kitchens with islands, granite countertops and stainless steel appliances.
Spa-inspired bathrooms are outfitted with tile floors and Kohler fixtures.
Twelve have already sold. The first 25 buyers of townhouses get their choice of $10,000 worth of upgrades or $10,000 toward a golf membership. Lifetime golf memberships are $20,000, with annual dues of $3,000.
Speaking of the golf, Ponderosa brought in the big gun for the course redesign.
It’s Australian professional golfer Greg Norman, the man nicknamed The Shark, whose aptly named The Shark Company does golf course consulting, design and construction.
“Our vision is to build a sustainable resort of great golf and great homes,” says Ponderosa general manager and director of golf Douglas Goubalt.
“Ponderosa truly is special in the Okanagan. Greg has created a signature course here that takes full advantage of the views and the terrain.”
Sixteen of the 18 holes on the 7,200-yard course have stunning views of Okanagan Lake far below.
And rather than blast away important geographical features, Norman was careful to create a course that hugs the topography and wraps around Pincushion Mountain, to incredible effect.
Porter, who has also developed master-planned communities in the Vancouver suburbs of Surrey and Richmond, likes to tell the story of how he pursued Norman to redesign the course.
“Greg was playing in the Telus Skins Game at Predator Ridge (in nearby Vernon, B.C.) in 2008,” explains Porter.
“I paid $12,800 in an auction to be his caddy for two days and pitched Ponderosa to him. I had even rented a helicopter to take him out to the site if he said yes.”
It will likely take 13 to 18 years to fully build out all the homes at Ponderosa, which Porter says is in keeping with the current tight real estate and golf market.
After the initial 69 townhouses, 135 plots of land to build single family homes will go on the market over the winter, and by spring, golf and winery (yes, a winery is part of future plans) cottages will start to be built.
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The Trails townhouses have open plan interiors and wooden floors.