Dream Golf & Cabot Portfolio

The “Bandon Dunes team” effectively means the Mike Keiser family and the operating company they built around him, now branded as Dream Golf (run day-to-day by sons Michael Jr. and Chris Keiser). The Keisers are also co-owners with Ben Cowan-Dewar of The Cabot Collection, which is run as a separate company but shares the same design playbook and many of the same architects. Below is the working portfolio.

Dream Golf properties (Keiser family, wholly owned):

Bandon Dunes Golf Resort, Bandon, Oregon (1999):

• Bandon Dunes, 1999, David McLay Kidd
• Pacific Dunes, 2001, Tom Doak
• Bandon Trails, 2005, Coore & Crenshaw
• Old Macdonald, 2010, Doak & Jim Urbina
• Bandon Preserve, 13-hole par-3, 2012, Coore & Crenshaw
• Punchbowl, putting course, 2014, Doak & Urbina
• Sheep Ranch, 2020, Coore & Crenshaw (rebuilt from a 13-hole Doak original)
• Shorty’s, 19-hole par-3, 2024, Rod Whitman / Dave Axland / Keith Cutten
• Charlotte’s, 9-hole par-3 practice course

Sand Valley, Nekoosa, Wisconsin (2017):

• Sand Valley, 2017, Coore & Crenshaw
• The Sandbox, 17-hole par-3, 2018, Coore & Crenshaw
• Mammoth Dunes, 2018, David McLay Kidd
• The Lido, 2022 private opening with limited resort access, Tom Doak (recreation of the lost 1914 C.B. Macdonald course)
• Sedge Valley, 2024, Tom Doak
• The Commons, 12-hole, 2026, Jim Craig (based on the early Prestwick routing)

Rodeo Dunes, Hudson, Colorado (announced 2023, in construction; ~50 miles east of Denver on the Cervi family’s sand-hills cattle ranch). First two 18-hole courses by Coore & Crenshaw and Tom Doak, with a short course and additional layouts planned; preview play targeted for 2026.

Wild Spring Dunes, near Nacogdoches, East Texas (announced 2024, in construction on roughly 2,400 acres). First 18-hole course by Doak, second by Coore & Crenshaw, plus a short course; lodging, cabins, and Discovery Land-style hospitality.

Old Shores, Washington County, Florida (announced November 2024, near New Hope, ~30 miles north of Panama City Beach on ~1,400 acres). 18-hole public-access course by Doak.

The Dunes Club, New Buffalo, Michigan (1989, Dick Nugent). Mike Keiser’s pre-Bandon 9-hole private “homage to Pine Valley”—the project that gave him the confidence to attempt Bandon.

The Cabot Collection (Keiser co-owns with Ben Cowan-Dewar; separate operating company):

Cabot Cape Breton, Inverness, Nova Scotia:

• Cabot Links, 2012, Rod Whitman
• Cabot Cliffs, 2015, Coore & Crenshaw
• The Nest, 10-hole par-3, 2022, Whitman/Axland/Cutten

Cabot Saint Lucia, Cap Estate, Saint Lucia:

• Point Hardy Golf Club, 2023, Coore & Crenshaw

Cabot Highlands, Inverness, Scotland (acquired 2022; previously Castle Stuart):

• Castle Stuart, 2009, Mark Parsinen & Gil Hanse (predates Cabot ownership)
• Old Petty, 2026, Doak with Clyde Johnson

Cabot Citrus Farms, Brooksville, Florida (acquired 2022; formerly World Woods):

• Karoo (Kyle Franz redesign of Pine Barrens)
• Roost (Mike Nuzzo & Ran Morrissett redesign of Rolling Oaks)
• Squeeze, 11-hole short course
• The Wedge, 9-hole par-3

Cabot Revelstoke, British Columbia (in development): Rod Whitman 18-hole on Mt. Mackenzie.

Cabot Bordeaux, France (acquired 2023; former Golf du Médoc Resort with two existing 18-hole courses by Bill Coore and Rod Whitman).

Other Keiser involvements outside Dream Golf and Cabot, often called the “Keiser model” spread:

Barnbougle, Bridport, Tasmania (Richard Sattler property; Keiser as early investor and advisor):

• Barnbougle Dunes, 2004, Doak with Mike Clayton
• Barnbougle Lost Farm, 2010, Coore & Crenshaw
• Bougle Run, 14-hole short course, 2023, Bill Coore

Not part of the Keiser portfolio, despite often being grouped with it: Streamsong (Florida; developed by The Mosaic Company), Tara Iti and Te Arai Links (New Zealand; Ric Kayne’s Tara Iti Investments), and Sand Hills in Nebraska (Dick Youngscap), all of which are stylistic siblings rather than Bandon-team builds.