Hidden Hills will have new owners this month as a family group which includes Deerwood golf director Russ Libby will close on the property on March 14.
Libby, his wife and his mother-in-law are buying the golf course and clubhouse from the Bank of America, which took over the property when its previous owner, National Fairways, went into bankruptcy. Libby’s mother-in-law is the widow of the late Steve Lucas and owns the Lucas automotive properties.
The bank’s other two properties, Oak Bridge and St. Augustine Shores, remain on the market.
Meanwhile, it appears that Ponce De Leon will definitely close in May after efforts to buy the course fell through. Developer Chester Stokes had extended his deadline for prospective buyers, but now will go ahead with a housing development.
“I did my best but no one sees it as a value,” said Stokes. “I need to get started on the development.”