Dec 10, 2014
Tiger & Trump
(DUBAI, UAE) Tiger’s comeback on the golf course may have gotten off to a rocky start, but his golf course design business seems headed in the right direction. After finances derailed his first Dubai project and his course at The Cliffs in South Carolina, his very first course (El Cardonal at Diamante in Cabo San Lucas) will open next week. His first U.S. design, Bluejack National in Texas, is under construction and scheduled to open next year. And yesterday Woods announced he is designing a golf course in Dubai that will be managed by Donald Trump. The Donald’s involvement should allay fears of what happened to Woods’ first foray into Dubai when his project stalled and eventually disappeared into the desert sands. Trump World Golf Club, Dubai is scheduled to open in 2017 and will be located inside a 55-million square foot community called Akoya Oxygen. According to Arab News, “The course will be situated at the heart of the development, with some of the highest premium, residential developments in Dubai overlooking the course.”
Dec 08, 2014
(JUPITER, FL) Dustin Johnson may have given up a lot of money with his leave of absence from the PGA Tour this year, but he’s found a way to make up for the loss in earnings. According to real estate records, Johnson sold his 7,860-sq. ft. home in Jupiter, Florida, last month for $6.25 million. The waterfront home included six bedrooms, eight baths, putting green and private dock. He bought the home three years ago for $3.7 million, giving him a cool profit of about $2.5 million. (By comparison, his 2013 tour earnings were a tad under $3 million.) It appears he’s replaced his Jupiter home with one that’s nearly half the size and half the cost. The new place in North Palm Beach measures “just” 4,500 sq. ft. and cost $3.35 million. No need to feel sorry for Dustin, the home also includes a dock that can handle a 75-foot yacht. Now let’s see what Phil Mickelson can do with Rancho Santa Fe home that he’s put back on the market for $6 million after failing to sell it for the asking price of $7 million last year.
Dec 05, 2014
Whale of a Course
(LOS CABOS, MEXICO) Soon-to-be Congressional Gold Medal recipient Jack Nicklaus officially opened the Quivira Golf Club this week on the dramatic coastline at the tip of the Baja Peninsula. Taking advantage of the unique Baja terrain and mountain-desert-ocean ecosystem, the course showcases sheer granite cliffs, larger than life sand dunes, and panoramic views of the Pacific Ocean from every hole. This winter would be great time to check out the course that Nicklaus says is “one of the great pieces of property in the world.” During the winter months, the ocean around here swells with thousands of breaching whales showing off during their mating season. All you need to do is book a play and stay at Pueblo Bonito Pacifica Golf & Spa Resort, Montecristo Estates Luxury Villas, or Pueblo Bonito Sunset Beach Golf & Spa Resort. Oceanview suites and unlimited golf are available in their all-inclusive packages. Might want to choose an extended stay; this place will be hard to leave.
Dec 03, 2014
(GAYLORD, MI) When your golf resort is located in northern Michigan, there’s not much chance of getting more than six months a year of playable weather. Treetops Resort and Spa, which made the list of most national golf magazines’ top golf resorts, filled the winter months with a full slate of snow activities. Apparently it wasn’t enough as the company that owns the resort filed for bankruptcy protection last week. The Detroit News reports that a court filing states the resort has suffered substantial operating losses and cash flow deficits." The financial problems were "due in part to the declining economy (and the golf resort business generally in Michigan) and, in part, due to poor management." This, despite the fact that total rounds of golf played rose from 48,843 in 2010 to 96,430 in 2013. Gross revenue rose 72% during the same period. Seems hard to place the blame on golf when it was trending up and when the resort’s long-term debt was dragging the operation down. Here's hoping they successfully negotiate bankruptcy. There's some fabulous golf to be played there.
Dec 01, 2014
(MEADOW VISTA, CA) Things are looking up at Winchester Country Club, set in the Sierra foothills between San Francisco and Sacramento. We don’t mean just the views, which are spectacular at this exclusive golf and residential community that sits below the Sierra Tahoe snow line and above the Sacramento Valley fog. That advantageous elevation allows members to experience a unique doubleheader in the winter: skiing in the morning and golf in the afternoon. The club finished $1.3 million in capital improvements in August, including new bent grass putting surfaces throughout the entire course and aesthetic landscaping and club upgrades. Sales have been robust as of late and the increase in traffic spurred them to raise prices by $5,000 per homesite last month. Already prices per square foot at the community are drawing more than $100 per square foot above the average price per square foot in the area. Currently the average square foot price of a Winchester-built home is $368. With easy access to both Sacramento and San Francisco, plus recent inclusion in Golfweek’s Top 100 Residential Golf Course List, that’s a price plenty are willing to pay.