A Southern California developer is planning a $165 million luxury residential project at CDA National Reserve, a private golf resort near the western shores of Lake Coeur d’Alene.
Lyon Living expects to break ground this summer on construction of 55 high-end homes at the 1,000-acre community, says Frank T. Suryan Jr., the company’s co-founder and CEO.
Located at 15260 S. Chalk Hill Drive, near Lake Coeur d’Alene’s Rockford Bay and about 50 miles southeast of downtown Spokane, the development will unfold in two phases.
The first phase involves The Fairway Lodges, a collection of 24 three-bedroom homes ranging from 2,000 to 3,500 square feet of living space.
Designed by Hayden, Idaho-based DZIGN Group Architecture, the homes will be situated along the 17th fairway of the Tom Weiskopf-designed 18-hole golf course, which also bears the CDA National Reserve name. Completion of those homes is expected by next summer, with home prices starting at $2 million. Home-purchase reservations begin in July.
The second phase, to be called The Lake Lodges, includes a mixture of 31 two-story duplex units and single-unit homes with lake views and private outdoor spaces. Designed by San Francisco-based Hart Howerton, The Lake Lodges will start at $3.5 million, with reservations opening in summer 2026, says Suryan. Completion is projected for summer 2027.
Suryan, a long-time member of Gozzer Ranch Golf & Lake Club, located on the east side of Lake Coeur d”Alene, acquired the golf course development, formerly known as Club at Rock Creek, in 2021 from Las Vegas-based Cannae Holdings Inc. He rebranded it as CDA National Reserve and began revitalizing the club, which at the time of purchase only had a golf course and limited real estate development.
Suryan said he visited the course in 2014 and saw an opportunity for growth.
“We’re in one of the most desired places,” Suryan says. “There was a massive opportunity for (growth) at the club.”
In 2020, he reached out to William P. Foley II, chairman of Cannae and owner of Deer Lodge, Mont.-based Rock Creek Cattle Company, where Suryan is also a member.
“Foley asked ‘why don’t you buy it?’” says Suryan, referring to the former Club at Rock Creek. “I told him, ‘That’s why I’m calling.’”
Suryan declines to disclose the purchase amount. Foley acquired the club from Bozeman, Montana-based American Bank, Suryan says.
As previously reported in the Journal, Marshall Chesrown, former owner of Black Rock Development, surrendered the club, formerly known as Black Rock North, to American Bank in 2010. Whitefish, Mont.-based Fidelity National Timber Resources Inc., owned by Foley, purchased the property from the bank.
Chesrown also owned The Golf Club at Black Rock, located just south of CDA National Reserve. The club was purchased in 2010 by a company formed by 10 Club at Black Rock homeowners and remains in operation.
At that time, Black Rock Development had nearly completed construction of the 150-acre, 18-hole golf course at Black Rock North, but none of the 200-plus homesites planned in the original development had been sold. With a small number of residential lots developed and sold before Suryan purchased the property in 2021, he brought back Weiskopf, who has since passed, to further develop the course and hired a team of real estate professionals.
Since acquiring the club, Lyon Living has spent $60 million on amenities, club enhancements, and real estate infrastructure, including a new 20,000-square-foot, $13 million clubhouse, a fitness and training facility, a private jet hangar, guard gate, underground utilities, dynamite excavation for salt rock, and full road infrastructure, Suryan says.
He says the clubhouse, which was completed in 2023 and features upscale dining, was designed by Hayden-based Eric Hedlund Design LLC. Spokane-based Baker Construction & Development Inc. was the contractor.
“We (have) an amazing chef,” Suryan says of Chef Hana Marquard, who previously worked at Menlo Park, Calif.-based Sharon Heights Golf & Country Club.
The clubhouse also includes a golf shop, event space, wine cellar, and cigar lounge.
The fitness and training facility, modeled after Santa Ana, Calif.-based Marke1 Performance, includes a rock-climbing wall, tennis courts, pickleball, and a stocked fishing pond.
A hunting club was recently built and features axe throwing, sporting clay shooting, and access to 5,000 neighboring acres of hunting grounds, Suryan adds.
CDA National Reserve currently employs 97 staff members, not including its development or sales teams. Real estate operations are led by Matt Baine, formerly with Gozzer Ranch, now director of real estate sales at CDA National Reserve.
In addition to the planned development, the club offers various ownership opportunities, including vacant lots ranging from $535,000 to $3 million, with 60 lots sold since 2021, he says.
Four speculatively built homes are currently available, and custom homebuilding is allowed for lot owners, with no fixed design requirements.
Club membership, exclusive to property owners, has a one-time initiation fee of $150,000, with annual dues of $22,500. The fee includes an equity interest in the golf resort.
“We want to feel like our owners are investors, as well,” Suryan says.
A key amenity, according to Suryan, is the absence of tee times.
“This is very rare,” he contends. “We are keeping our membership limited so that we don’t have to have tee times, and everybody can play when they want to play.”
Club membership will be capped at 275, which is also the total number of residential lots in the community.
Founded in 1989 by Suryan and William Lyon, Lyon Living’s real estate portfolio includes an oil field and high-end apartment, townhome, and hotel developments throughout the U.S., including in Idaho, California, Colorado, Nevada, and Florida. The firm manages over 10,000 residential units with assets totaling $3 billion.
At CDA National Reserve, while golf is a centerpiece of the community, Suryan emphasizes a broader lifestyle vision.
“It’s not just a play golf-and-drink facility,” he says. “It’s a lifestyle. It’s very healthy and health oriented, but still fun.”
