The DRS Listing notes two courses in Hendersonville, NC designed during the mid-1920's. The first is Hendersonville CC o/k/a Laurel Park CC with a date of 1925. The second is Country Club Estates noted as a Design in 1926.
I am almost positive these were one and the same.
The first notation for a golf course in Hendersonville I have appears in a Jan. 20, 1921 Asheville Citizen-Times article which notes a new 9 hole course. The 1923 Annual Guide has a listing for a 9 hole 2,575 yard course with a date of organization of 1919. The 1926 and 1927 Guides note the club was being reorganized with a new course to be ready in 1927.
Around 1924 Ross was commissioned to design a new 18 hole course for the club (covered in the 1925 Listing above).
As the brief article below notes, the interests of the club were acquired by a new entity. My guess is that this is the entity that was promoting its real estate venture as "Country Club Estates."
The Laurel Park neighborhood, the Country Club Estates neighborhood and the current location of the Hendersonville CC are all within a stone's throw of each other on the map.
This article suggests that the Ross course was already up and running, but later reports in the early 1930's (and the club's website) indicate the course wasn't completed until later on. It is of interest to note that the Ross Plan included in the 1925 Listing for Hendersonville/Laurel Park matches almost to a tee what is on the ground now.