Discovery Land Company is a Scottsdale, Arizona-based developer and operator of private residential communities and clubs in North America. The company has been called one of the best developers of resort communities by Robb Report Vacation Homes and Luxury Living magazines.
History
Discovery Land Company was founded in 1994 by Michael S. Meldman with the opening of The Estancia Club in Scottsdale, Arizona, and then the Iron Horse project in Whitefish, Montana. The company has 17 properties in Hawaii, California, Arizona, Idaho, Montana, Texas, and North Carolina in the U.S., Los Cabos, Mexico and the Abacos in the Bahamas.
Discovery Point Resort Video
Properties developed
Baker's Bay
Baker's Bay Golf & Ocean Club is a private golf and ocean community, marina, and club located on the northern point of Great Guana Cay in the Abaco Islands, Bahamas. The future of the development remains to be decided in court with the Privy Council. The site would cover 610-acre (2.5 km2). The Baker's Bay Golf & Ocean Club is opposed by environmentalists, particularly marine and coral conservationists, because of the impact of the marina and golf course on nearshore marine environments, including the island's coral reef.
On July 7, 2009, the locals of Great Guana Cay made their environmental case against Baker's Bay Golf & Ocean Club. According to the Privy Council website, the decision regarding the development's future will be on November 17, 2009.
Baker's Bay Golf & Ocean Club is opposed by conservation groups including Jean-Michel Cousteau's Ocean Futures Society and Sierra Club. Litigation against the government and Baker's Bay Club by citizens of Great Guana Cay continue.
El Dorado
El Dorado is a private, gated beachfront community and golf club in Los Cabos, Mexico.
Kukio
Kukio is a private beachfront community and golf club on the Big Island of Hawai?i. A private charter airline, the Kona Shuttle, provides transportation from Oakland, California.
Gozzer Ranch
Gozzer Ranch is a lakefront 395-home community and private club located in Northern Idaho in Coeur d'Alene.
The Madison Club
The Madison Club is a private golf club located adjacent to the Hideaway in La Quinta, California.
Mountaintop Golf and Lake Club
Mountaintop Golf and Lake Club is a private golf and residential community in the Highlands-Cashiers region of the western North Carolina mountains.
The Hideaway
The Hideaway is a golf club and residential development in La Quinta, California.
Spanish Oaks Golf Club
Spanish Oaks Golf Club is a private golf club in Austin, Texas.
Foreclosure of Spanish Oaks
In 2010, Spanish Oaks and its owners (Hillwood Partners, Discovery Land Company and CCNG, Inc.) defaulted on their original loan of $34.4 million and was forced into foreclosure. As a result, the property has been closed to its members since July 15, 2010. On September 7, 2010, Spanish Oaks Golf Club was sold in foreclosure to Comerica Bank for a reported $29 million, and although the remaining members of the club have been in talks with Comerica to re-open the golf course for play, no date has been set for this to occur. To date, all facilities, including the member's clubhouse and golf course, remain closed indefinitely.
Mirabel
Mirabel is a gated golf community located covering 713 acres (2.89 km2) of Sonoran Desert terrain in North Scottsdale, at an elevation of 3,000 feet (910 m).
Vaquero
Vaquero is a gated community covering 525 acres (2.12 km2) in Westlake, Texas near Dallas-Fortworth and Alliance airports.
Iron Horse
Iron Horse is a Tom Fazio championship golf course and year round resort covering 820 acres (3.3 km2), in Whitefish, Montana.
Cordevalle Golf Club and Lodge
Cordevalle Golf Club and Lodge was the company's sole hotel and golf-only project, an invitation-only golf club in Santa Clara County, California. The project opened in 1999 and nearly all the 435 memberships were sold to Silicon Valley business leaders. Discovery's interest in Cordevalle was sold in 2007 to a European investor.
The Estancia Club
The Estancia Club is a luxury golf course community in Scottsdale, Arizona.
Yellowstone Club
In 2008, the Discovery Land Company entered an agreement with Yellowstone Club, establishing a long-term partnership for development and management. In 2009 the Yellowstone Club was purchased and brought out of bankruptcy by investors led by CrossHarbor Capital Partners, including a 5 percent share by Discovery Land Company.
Philanthropy
Discovery Land Company has established a charitable foundation to assist communities concerning each of its developments; it currently assists in developing foster care programs utilizing residential facilities. The Foundation also contributes to environmental charities. The Foundation mentors its charitable grant recipients and provides them with resources.
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