If you can't profitably run a golf course at Sea Ranch, then something is very wrong. I can't think of a destination more suited to golf, I can't imagine a more beautiful area. That said, I know the CA coastal commission is the reason why Sea Ranch never actually became a community in the first place, but Gualala is right by the course. I wasn't in love with the course or routing by any means, but I definitely love the area.
Perhaps growing popularity of Bandon killed it in the long run by siphoning away much of the west cost golf tourism.