Jan 21, 2016
(DALLAS, TX) In case you missed it, the golf world went gaga this week over Jordan Spieth’s purchase of Hunter Mahan’s Dallas mansion. Wasn’t it just last April that we were reporting that Spieth had just plunked down $2.3 million for a 7,378-sq. ft. mansion in the same swanky Preston Hollow neighborhood? Can’t blame a superstar for upgrading. His new home cost him $7.15 million and measures out at 16,665 square feet. The Star-Telegram reports the mansion comes complete with an indoor basketball court, infinity pool, wine cellar, and...befitting his profession and stature in it…an awesome golf simulator and 12-car garage with a mural of the August National clubhouse on the wall. If that doesn’t make you just a little jealous, consider that the youngster who made over $50 million last year also got a steal on the price. (Hunter had it listed for $8.5 million.) Another year like last year and he may have to buy his own country.
Jan 19, 2016
(BOCA RATON, FL) Morgan Pressel’s ninth annual Morgan & Friends Fight Cancer Tournament raised a record $1 million last week for breast cancer research and care, shattering the previous record of $751,622 set at Pressel's event in 2014. “It is surreal, honestly,” Pressel told LPGA.com. “I can’t put it in to words. The community of St. Andrews continues to blow me away every year, truly helping me make a difference. I couldn’t do it without their tremendous generosity and support.” Fellow LPGA superstars and the members of St. Andrews Country Club, where Pressel is the Resident Touring Professional, helped raise the record amount. Contributions were made almost entirely through the generosity of St. Andrews Country Club members and select sponsors. Over the past nine years they have raised $5.5 million. Next year will be the event’s 10th anniversary.
Jan 18, 2016
2015 Top Selling Communities
(WASHINGTON, DC) The Villages, despite seeing sales drop by 12% in 2015, once again sits atop the list of the year’s top-selling U.S. master-planned communities with 2,294 total sales. The survey of the best-selling communities was compiled by RCLCO, which has conducted a national survey identifying the top-selling master-planned communities every year since 1994. While the Houston area claimed more top-selling master-planned communities than any other metro area in the U.S., Eastmark in Arizona (up 181%) and Vistancia (up 107%) had the most impressive jump in sales. Below are the top 20 in home sales for 2015, along with their percentage change from 2014.
1. The Villages, The Villages, Fla., (-12%)
2. The Irvine Ranch, Orange County, Calif., (17%)
3. Nocatee, Jacksonville, Fla., (30%)
4. Stapleton, Denver, (31%)
5. Riverstone, Houston, (-15%)
6. Summerlin, Las Vegas, (38%)
7. Eastmark, Mesa, Ariz., (181%)
8. Lakewood Ranch, Sarasota, Fla., (9%)
9. Cane Bay Plantation, Charleston, S.C., (35%)
10. (tie) Lake Nona, Orlando, Fla., (19%)
11. (tie) Westridge, Dallas, (52%)
12. Vistancia, Phoenix, (107%)
13. Providence, Las Vegas, (-7%)
14. Paloma Creek, Dallas, (23%)
15. Valencia, Los Angeles, (-10%)
16. Aliana, Houston, (-11%)
17. (tie) Wildwood at Northpointe, Houston, (0%)
17. (tie) Canyon Lakes West, Houston, (7%)
19. (tie) Daybreak, Salt Lake City, Utah, (23%)
19. (tie) Woodforest, Houston, (0%)
Jan 15, 2016
(OCALA, FL) This should be fun. While traditionally-sized golf course often take up 120 acres or more of land, Trilogy Golf Club at Ocala Preserve is readying to debut a course that uses a mere 50 acres. Designed by Tom Lehman and Tripp Davis, the small footprint course employs a loop design with multiple configurations and routing that will vary according to the day of the week, reports the Ocala Star Banner. The configurations will range from a six-hole, par-18 short-course that can be played in less than an hour to a more traditional 18-hole, par-72 course. Golfers will also be offered a match play concept based on the playground basketball game of Horse. The club will host its first tournament on Saturday, Feb. 6. The public can register for free on the club’s website for the event. 18 winners will be awarded a foursome. While on the website, you can also register for a course tour (and complimentary round of golf at later date) with Lehman and Davis on Feb. 2.
Jan 13, 2016
(NEW YORK) Cash may be king in real estate, but it’s about to become a royal pain in the behind. The Treasury Department is shining its light on illicit money flowing into luxury real estate, reported The New York Times today. Starting in Manhattan and Miami-Dade County, the Feds will begin identifying and tracking secret buyers of high-end properties. Their objective is to flush out all-cash purchases made by shell companies that often shield purchasers’ identities. In other words: money laundering. Says The Times: “It is the first time the federal government has required real estate companies to disclose names behind all-cash transactions, and it is likely to send shudders through the real estate industry, which has benefited enormously in recent years from a building boom increasingly dependent on wealthy, secretive buyers.” While it is legal to use a shell company to purchase real estate, the suspicion is that the purchases are being used to launder dirty money. Astonishingly, an investigation by The Times found that almost half the homes sold in the U.S. for $5 million or more are purchased using shell companies.