Sugarloaf Mountain: Monument to a Dead Business Model
When Coore and Crenshaw unveiled Sugarloaf Mountain in central Florida just two years ago, the course was immediately catapulted into the upper echelon of design in the United States. Having moved almost no dirt, the pair were able to design an architecturally stimulating, challenging, and aesthetically pleasing golf course. It was a Picasso among Monet waterlilies in that its bunkering was natural, rough was indigenous, and tee boxes less than plush. As such a digression from standard central Florida design protocol, the minimalist course caught a lot of attention.

The postage stamp par 3 11th hole.
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Unfortunately, the attention attracted for the design could not sell home lots. Less than a handful of the planned 600 have been sold to date - a fact not lost of golfers who come to the course and see hundreds of planted stakes to indicate property boundaries.
The lack of income from selling the non-golf real estate has effectively crippled owner Hampton Golf from operating the course like they should. Though the course claims that the poor conditions on the course, aside from the putting services, is a product of dormant grasses and a colder winter, it is evident that the club is suffering from money problems as two independent sources indicated to me.
The shame of it is that Sugarloaf Mountain clearly was an incredible track at some point. The course defies typical central Florida topography with its vast elevation changes, including multiple holes with two hundred foot drops off of the tee. The lay of the land gives the player views of Lake Apopka and tremendous rural scenery.
The natural state of the bunkering and the rough is a beautiful site. Though it caught me off guard immediately, the penalty for a poor shot is to face a difficult shot. It is a fair penalty, though one that can crush the spirit of a high handicap amateur on a bad day.
There are several blind shots on the course, including the par 4 fourth hole. It is reminiscent of the entire course - requiring strong placement of the ball, consistent roll into variable positions at times out of your control, and a small green with precarious pins all over the surface.
A player can be imaginative at Sugarloaf Mountain. The high arcing chip shot can come out of the bag entirely in favor of the Texas wedge. On several occasions, I putted the ball from up to 20 yards off of the green. The sand-base hardpan made that not only possible, but preferred.
Playing shots from the fairway was a big adjustment compared to the plush fairways of the Disney tracks, or even the modestly green fairways here in the mid-Atlantic. Had the chance to do it all over again, I would have used my driver twice all day and let roll handle the rest. Though the course features a handful of short, seemingly benign holes, that is when the brilliance of the design comes into play. With elevation changes and visual cues of trouble just beyond safety, the course is an iron technician's paradise.
That said, the poor course conditions contributed to making the round joyless for my group. Had the course been able to be maintained like it should - modest water for the fairways instead of leaking pipes around transplanted trees - Sugarloaf Mountain could easily have been my favorite course on my trip.
Instead it leaves me wondering about the business model of golf courses in the United States. At the high point of the housing bubble, golf course owners could plunk down lots of land anywhere on the property and expect to sell them within days. With easy credit, exotic mortgages, and better prosperity, it seemed like everyone was in the market for a second or third home. When CDS, toxic assets, and TARP became part of the lexicon, that model died.
Sugarloaf Mountain was one of the early victims in this crisis. Though the course still remains, it is a shell of its potential. Private courses can no longer expect to open in the middle of nowhere - where land is cheaper - spent several million dollars and expect cash-strapped individuals to plunk down money for a rarely used resort property. In Sugarloaf's case, its aesthetic divergence from the rest of the scenic Orlando area also hurt its allure to real estate investors.
Making the connection between real estate and golf course design is nearly impossible in Sugarloaf's case. Coore and Crenshaw design to the themes of rustic, minimalist, and pure. Golf course home buyers use adjectives like green and plush. The incongruity with which Sugarloaf exists as a course and 590 empty home sites indicates that problem. And it will continue to be a problem for the game in the years to come.
Since new course construction has practically halted in this country, there are scores of courses developed as also-rans to real estate ventures that will likely suffer provided the continued oversupply in our real estate market nationwide. Though that supply is beginning to be met with demand again, it is a more practical fashion. Golf course homes will be primary residences, not just another post on Vacation Rental By Owner (VRBO). Until that imbalance is again created, a golf course cannot be the focal post of most new real estate development.
Coore and Crenshaw's design is the victim in this poor business model. It's one of many, but this course in particular holds so much potential that is going to waste because the financial ducks were not in order. The natural feel of this course can sustain more play, but it will require a new approach to bring players to a course that is a sandy oasis in an otherwise lush geography.
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Sugarloaf Mtn.
I’ve enjoyed playing Sugarloaf and have suffered the inconsistent conditions as well. As the weather warms the conditions will come back as the dormant Bermuda begins to grow again. The lack success for the real estate venture has definitely hurt Sugarloaf. Perhaps you saw Bella Colina nearby….$1 million + lots are now on the market for less than $300K.
This Faldo design is also a great track and in danger of slipping away. Projects like Sugarloaf can begin to offset the bad economy’s effects by inviting local play at reasonable pricing (which they have done). Some cash flow is better than none.
In the picture RB posted above – is that design or is it lack of upkeep of the design ? Was that supposed to be waste area that just wasn’t kept cleared of weeds ?
"this ball will fit in that fairway"
Re: Pic. of 11th Green
11th is a very short Par 3. This seems to have been taken well right and short of the green. The natural look of the land is what you see, though closer to the hole the there is turf and the bunkers are well maintained. Anywhere there are waste areas they’re well maintained and clear of vegetation. Elsewhere the course is bordered by scrub oak, live oak, palmetto, and more of the stuff you see in the picture above. It is almost like what you see in desert golf without the cactus and pebbles. Again as written, natural landscape without embellishment.
Ryan,
this doesn’t come as any surprise, or at least it shouldn’t…The day of selling a “housing project” almost anywhere in the country with a golf club attached is long gone, and it won’t be back anytime soon….The developers have only themselves to blame….Travel the country, and the clubs that sold lots and 50K memberships are dead…You can now get those same memberships for 15-20K…And a lot of the clubs are now taking public outings, where heaven forbid the great unwashed attend just to keep a cash flow…The members that ate at the club 2-3 times a week, now go once a month…The country has been sadly overbuilt and it’s going to take a LLLoooooog time to rebound….STUB
Why would developers “blame” themselves ? Subdivision golf courses have been around for decades and most of the developed before Uncle Sam pulled the rug out from under them in ’98 were doing pretty well.
It’s not a blame thing – it’s just economics and politics.
"this ball will fit in that fairway"
Well Court, if you were right, I'd
agree with you….but your dead wrong….your now operating in my wheel house…let me enlighten you….the DEVELOPERS went to the banks etc. with overblown projections and this was in relatively good times yet….they had a track record of over building, but no one believed the boom would bust….the banks had made money off previous projects, and as they are a greedy lot, lent more money on the new stuff…now we get to the NEW DEVELOPMENTS like Sugar Loaf….when it started, it looked good…the banks lent the money, and now the developers can’t repay….no rush on lots or builders rushing to put up spec houses….some areas of the country more prone to this than others….Uncle Sam bears the brunt of a lot of problems, but not this time….There is no external political pressure either…Economics…yup, this is applying all the downward pressure and will for quite a bit longer…plain on economics 101….Will the developers blame themselves, no, but it was their greed that drove the whole problem….STUB
No argument on the short sightedness, eternal hopefulness of some developers and banks. And you picked one very good example in Sugarloaf. The developers wanted between 1500 and 1750 very expensive houses in that development – built around a mediocre, difficult to get around, golf course. A lot of the houses ended up being bought by busnesses to house transient executives.
But you sound like you think all of these golf course communities were built on the Sugarloaf model. That’s just not true. There are a number of golf developments around Atlanta that didn’t get carried away with overpriced mansions that are doing quite well.
"this ball will fit in that fairway"
No, they weren't all built on that model..some of the
older ones that did well, were really built around the golf rental game, as in small condos that leased out to different golf groups for weeks at a time…The Heritage is one of the best….It’s when the old adage “bigger is better” came into play, where the lots escalated, that demanded larger more expensive homes, and on and on…that meant that buyers were only from top income brackets that it started south..Some of these developments, were started in areas where the closest city didn’t even have infrastructure..roads, sewer, power, etc..If you look at the foreclosure market, the houses are only a small part…Wait until all the default dust settles on the commercial side…and the course developments fall into this column…The banks are holding one hellacious figure on these loans…No one knows really how much yet…Some of the banks taken over by the FDIC are a direct result of the commercial failures…and there is a hell of a lot more to come…With all the unrest in this country, that’s why Jack and other major course designers have gone overseas…countries that have warm climates, and are vacation spots, where a guy will take his sticks…Puerto Rico? Dominican Republic, etc…STUB
I like those kinds of places. There are three pretty nice ones a bit north of Sugarloaf with condos, rooms, and cabins. The one with condos is a part of the subdivision with VERY nice homes, but they added a section with condos as a part of a sort of Brownstone on mainstreet kind of feel. A little creative thinking can go a long way to making a successful golf course, eh ?
"this ball will fit in that fairway"
Der Schlick-meister removed restrictions on lending and started forcing lenders to give loans to people who wouldn’t or couldn’t repay the loans. It took the decision making out of the hands of the banks, who would have turned down most of those loans. Thanks Bill and Barney.
"this ball will fit in that fairway"
Two,
when Court is saying that the lending gloves came off, the banks, major equity lenders, etc were charged with making a certain percentage of their loans to the people who could never repay what they got…But remember, these loans were on HOMES that were a) grossly over priced and b) borrowers with insufficient income to support the loan….How did anyone think that a couple with a gross income of 45-50K a year could buy a 6-700,000.00 house…the mortgages had variable rates, that meant they started out low and kept getting higher and higher over the years…In some, not all cases the jobs and incomes weren’t even verified…everyone wanted in on the free ride….when it fell, well, you probably have read all about it….STUB

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