Apr 10, 2015
Spieth’s Spacious Mansion
(DALLAS, TX) “Turns out Jordan Spieth has great taste in real estate,” proclaims Dallas’ CultureMap website. Indeed. The 21-year-old Dallas native plunked down $2.3 million for a 7,378-sq. ft. mansion in the swanky Dallas neighborhood of Preston Hollow, home to Mark Cuban, among others. The massive home should have plenty of room for the bachelor. The listing for the home gives all the luxurious details: “Magnificent Old Preston Hollow beauty with exquisite amenities including … art niches in hall, arched doorways, two 12 ft. stone islands in chef’s kitchen, beautiful family room open to kitchen with views of pool, 288 bottle wine closet, media room, gameroom, 5 bedrooms have private baths, office with 2 story ceilings and paneled doors leading to computer work stations. Lovely master has private sitting area, fireplace and gorgeous bath." With only a half-acre of land, Spieth won’t be building a Tiger-like short game area. After the first round at Augusta, looks like he doesn’t need the extra practice anyway.
Apr 08, 2015
(AUGUSTA, GA) Oh, to spend a week at the Masters! Perhaps you’ve already sprung thousands of dollars for the toughest ticket in sports. Now what? If you’re going to stay the week, you’ll need a place to lay your head at night. Renting a house in Augusta is the way to go, but this year renters will be paying between $6,500 and $10,000 for a week’s stay, according to The Augusta Chronicle. That will get you a 4-bedroom, 4-bath home you can share with your friends to defray the cost. Corporate renters will pay even more for the largest and most desirable homes. All that money is good news for Augusta homeowners, some who use the money for home improvements, vacations, or even to put their kids through college. As for you, think how much money you’ll save dining on those $1.50 pimento cheese sandwiches.
Apr 06, 2015
New York) We love our beach homes. According to a CNN/Money report, vacation home purchases reached an estimated 1.13 million last year, the highest level since 2003 and a 57% increase from 2013. Not surprisingly, the most popular location for vacation homebuyers was the beach. The National Association of Realtors credits the stock market's strong performance and gains in the labor market for creating more buyer confidence. And at long last, baby boomers helped fuel the sales surge. As they inch closer to retirement, boomers are looking for a place to vacation and eventually make their primary residence. The beach makes that transition even easier. Also helping the jump in vacation home sales is their median price dropped 11% from s013, even while the median price for a primary home continues to rise. Now if only we could find a way to increase the length of the coastline.
Apr 03, 2015
(EAGLE COUNTY, CO) Even in a region known for its rugged natural beauty, Adam’s Rib Ranch, with the ski resorts of Vail and Beaver Creek just around the corner, stands out. The brainchild of Fred Kummer, it was envisioned as an attractive alternative to the resorts crowding the region. Instead, Kummer saw the opportunity for a community that offered tranquility, wide-open spaces and a relaxed, family-friendly atmosphere. That was in 1974. And while Kummer eventually built a luxurious golf community with a Tom Weiskopf-designed course and a stunning clubhouse, he battled local opposition all along the way. He purchased the property for $21 million four decades ago and sunk about $100 million into over the years. A few weeks ago, Kummer sold it all for $21 million to Denver-based Brue Capital, which will carry on Adam’s Rib vision. Kummer told the Saint Louis Journal, “I put a lot of money into it, and I sold it for a little bit of money. At my age, I had decided that I played around with the toy long enough — that’s an expensive toy, $100 million, so I disposed of it.” Now it’s Brue Capital’s turn. “We are absolutely thrilled to become stewards of the storied Adam’s Rib Development and Adam’s Mountain Country Club,” said Chad Brue, of Brue Capital. “We feel that we are poised for a bright future.”
Apr 01, 2015
(LOS CABOS, MEXICO) The acclaim for Quivira Golf Club, the spectacular $40 million Jack Nicklaus Signature Golf Course that opened on the tip of the Baja Peninsula a few months back, has been as expansive as its panoramic ocean views. Now comes word that the deluxe resort community of Copala is on schedule to open this June in the heart of Quivira Los Cabos. As if life in this ocean-view community won’t be reward enough, Copala residents will have exclusive access to Quivira Golf Club through a range of golf memberships. The ocean-view, master-planned gated community will showcase Mexican hacienda-style one-, two-, and three-bedroom condominiums as well as custom homes. The first condominium building should be ready for occupancy by June. And the project is more than 60% sold out, with 80% of buyers coming from the U.S. Doesn’t hurt that a new interior highway linking San Jose to Cabo San Lucas will reduce the drive time from the airport to the property to 35 minutes.