New developer purchases Round Lake golf & residential property

Submitted photo

Klamath Falls, Ore. – Thursday, Southern California developers representing Coast MHP announced their purchase of the Round Lake property (including the golf course and main residential) located near Keno. Having officially acquired the property, the developers will soon begin making major facility improvements and start building enhanced residential units to the location over multiple phases.

According to the Klamath County Economic Development Association (KCEDA), Phase 1 of the development plan will be mainly focused on road improvements, landscape improvements, adding street light fixtures and security equipment, clubhouse and restaurant renovations, and the buildout of new manufactured homes on a greenfield section of the property.

Phase 2 of the development will then be placing significant focus on renovations to the golf course (which had not been operational for multiple years), and expanding the amount of new manufactured housing units onto other underutilized sections of the property.

Partners representing Coast MHP involved with the land purchase each expressed their enthusiasm for Klamath as a market and the anticipation they have for the location’s future.

“We have stress tested this piece really hard to make sure we are comfortable with the investment,” says Thomas Larkin, one of the projects partners. “From an economic standpoint, we are highly encouraged to move forward by what this market is showing for us.”

“The unbelievable natural beauty and compelling value get us really excited about this location’s prospects,” says co-partner Oliver Pilco. “We can’t wait to begin the Phase 1 work of our development plan and start to realize the potential. KCEDA has been a valuable resource to help us reach this decision and we look forward collaborating with them more in the work that lies ahead to achieve our development vision.”

KCEDA began work on the project earlier this year, where they coordinated closely with Coast MHP, providing the developers a variety of services, which included: mapping assistance, market research, housing data, formation of private/public partnerships to address development needs, and more.

“This project gets me excited for many reasons,” says KCEDA Project Manager Julie Matthews. “but I’m particularly happy because I believe this property purchase represents that developers are starting to see the strong demand for housing in Klamath County and believe it can pencil.”