Grizzly Ranch Community Announces New Owners in Portola, CA

Portola, Calif. – Grizzly Ranch Investors, LLC (GRI) recently acquired the remaining homesites and undeveloped land at Grizzly Ranch, a private gated community in Portola, Calif. GRI consists of Grizzly Ranch property owners, associates of property owners and members of the Founders investment group, a group of investors who originally acquired the community’s 1,040 acres and initiated development. Several GRI investors also acquired Grizzly Ranch Golf Club in 2012.

The Grizzly Ranch Community is built around privately owned Grizzly Ranch Golf Club, which was recently ranked the number one course in the Sierra Nevada and number 11 in California, offering public play.

“Since the community’s inception in 2003, this group of individual investors has been committed to the long term enhancement and fulfillment of the project’s original vision; that is why we acquired the original developer’s remaining real estate,” said Andy Norris, managing member, GRI.

Grizzly Ranch offers what most other Sierra Valley region communities aren’t able to offer. It is one of the few second home communities in the Sierra Valley area combining an unspoiled, rural mountain setting with an ultra-low density master plan that includes signature resort amenities. Surrounded on two sides by federally protected land, Grizzly Ranch will remain untouched by traffic congestion, interstate highway noise and overdevelopment often associated with communities in the Lake Tahoe/Truckee regions. Little has changed around Grizzly Ranch’s land since the area’s early settlers lived there.

To date, 240 homesites have been sold, and 45 homes have been built. The approved master plan provides for up to an additional 87 residential sites on 425 acres.

Allowing a maximum of 380 homesites on more than 1040 acres, the Grizzly Ranch Master Plan has reduced the density to less than half the number of homesites that was permitted at the time the land was purchased. “This reduction highlights an ongoing commitment to preserving the natural setting and minimizing development impacts,” noted Norris.

Grizzly Ranch includes over 400 acres of dedicated open space with an additional 200 acres currently being used for fairways and greens at Grizzly Ranch Golf Club. The golf course, a Bob Cupp 18-hole masterpiece, is built and is opening this year for its ninth operating season. Golf Digest ranked the course number one for public access in the Sierra Nevada, and number eleven for all public access courses in California.

The community’s western boundary is Big Grizzly Creek, a fertile trout habitat. The Grizzly Ranch Conservancy, created to manage wetlands and jurisdictional waters as designated by the Corps of Engineers, has made habitat restoration on Big Grizzly Creek a high priority.
(www.grizzlyranchconservancy.com)

Community activities and amenities cater to the multi-generational family and are integrated into every component of the community’s lifestyle. Adjacent to the Grizzly Ranch Golf Shop is the Outpost, which is owned and operated by the Grizzly Ranch Homeowners Association. The Outpost includes an outdoor pool, jacuzzi and club activity room.

“Grizzly Ranch Investors plan to add more community activities that bring homeowners and families together to enjoy this gorgeous property,” added Norris.

Grizzly Ranch has numerous outdoor gathering places, a trout pond suitable for children and an extensive system of hiking trails. The community is located approximately 30 minutes from the Alpine Lakes Basin, Plumas National Forest filled with hundreds of high alpine lakes and thousands of miles of clear running streams and the Sierra Buttes, a natural spectacle boasting craggy peaks, waterfalls, rivers and glacially formed lakes.

If families desire more than outdoor pursuits, they can be occupied by shopping, dining and additional entertainment and sightseeing only 15 minutes away in nearby Graeagle, Blairsden or less than an hour from Reno and Truckee.

Grizzly Ranch is located near the rustic railroad town of Portola in eastern Plumas County at the northern end of the Sierra Nevada, with excellent automobile access from Reno (45 minutes), Sacramento (2.5 hours) and the Bay Area (4.5 hours). Nervino Airport is located less than four miles east of Grizzly Ranch and features a 4,650 foot runway at an elevation of approximately 4,900 feet.

Grizzly Ranch Investor homesites will not be offered for sale in the near term. The Grizzly Ranch Sales/Information office plans to be open summer 2014. For more information, please call your local realtor or visit www.grizzlyranch.com.

About Grizzly Ranch
Grizzly Ranch is a 1,040-acre private gated golf course community in the Lake Tahoe region of the Sierra Nevada. Located above the Sierra Valley, which is the headwaters for the Feather River (portions are designated wild and scenic), in beautiful Plumas County, Grizzly Ranch was sculpted out of a ponderosa pine and cedar forest. This community offers the same beauty and appeal as the gated communities of Lake Tahoe, but with a more extensive amount of naturally preserved land surrounding it. Grizzly Ranch is a well-conceived community that offers 100-mile views of the surrounding mountains, excellent real estate opportunities and a world-class golf experience at a fraction of the price of its Lake Tahoe competitors. www.grizzlyranch.com

West Coast Commercial Real Estate News