May 29, 2015
Big Mistakes Buyers Make
(HILTON HEAD, SC) It’s a dream come true. Owning a beautiful home in a golf community where you’ll spend weekends, summers or your retirement. But to make sure that dream doesn’t turn into a nightmare, do your homework. For our summer issue of LINKS Magazine, Contributing Editor, James Frank, asked our LINKS Real Estate Panel what the biggest mistakes buyers make before closing on the golf home of their dreams. Their answers, guaranteed by anonymity, might surprise you. The biggest takeaway is that despite how much research you think you’ve done, you probably haven’t done enough. Here’s a sampling of the big mistakes buyers make:
- Not investing enough time test-driving the neighborhood
- Not knowing the “all-in” costs of living in a private club
- Relying too much on real estate professionals for information about a club
Our panel has plenty more to say, but for the rest of the story, you’ll have to check out our summer issue.
May 26, 2015
Out of the Woods
(MONTGOMERY, TX) It’s happening. They’ve broken ground on the first luxury homes at a new golf resort community north of Houston. Bluejack National, the $100 million resort community, appears set to become home to Tiger Woods' first golf course to open in the United States. The Bluejack National golf course, which began construction last July, is expected to be complete this November. They are still using phrases like “set to become” and “expected to be complete,” but that’s understandable considering the history of Woods’ initial ill-fated attempts to open a course in this country. But barring calamity, Bluejack is on track to snap that streak. The resort homes at the development will range the mid-$300,000s to nearly $1.5 million and feature smart-home technology and environmentally friendly designs.
May 22, 2015
Eight Year High
(KIAWAH ISLAND, SC) If you need proof that the luxury real estate market is back look no further than Kiawah Island. The leading real estate firm on the island, Kiawah Island Real Estate, closed $48.8 million in sales last month. The firm hadn’t had numbers like that since June of 2007 when sales neared $48.9 million. Doesn’t hurt that this April’s sales numbers include the island’s biggest purchase real estate purchase ever, $20.25 million for a 9,777-square-foot oceanfront spread on 3 acres. And it doesn’t look like sales are going to slow down. According to The Post and Courier, $47.2 million in new contracts last month were recorded by Kiawah Island Real Estate, its highest monthly sales volume for new contracts since March 2006, which recorded $56 million. Last year, sales on Kiawah Island topped $311 million. Let the records fall.
May 20, 2015
Rare Waterfront Release
(GREENSBORO, GA) Like a fine single malt Scotch whisky, Reynolds Plantation has held one of its best pieces of land in reserve for over two decades. Now it’s time for a lucky few to enjoy. Horseshoe Bend, a limited offering of 12 lakefront and lake access homesites, has just released pre-development pricing. The property’s name, given by colonists over 200 years ago, is even older than the reserve period. The homesites range from 0.6 acres up to 3.3 acres in size and are located on the western side of the southernmost peninsula of Reynolds Plantation, directly across from the Great Waters neighborhood and its signature Jack Nicklaus golf course. Reynolds Plantation may have waited over two decades to release these premier homesites, but you should act quickly. They expect demand to be high.
May 18, 2015
(SAN ANTONIO, TX) How do you take advantage of two courses (one that Lee Trevino had a hand in designing; the other by Tom Fazio) in close proximity of each other? Two developers are teaming up to build a $100 million master planned community on 880-plus acres that sits between the Golf Club of Texas and Briggs Ranch Golf Club. San Antonio-based Brass Real Estate Funds has teamed with Convergence Communities of Wyoming and hopes to break ground in 14 to 18 months on the as yet unnamed community. The Golf Club of Texas, currently undergoing a $3.5 million renovation, had been shuttered for a few years. Briggs Ranch Club, originally developed in 2001 by a group including Gil Hodge, Buddy Cook and Bill Roger, came under new management a year ago. According to the San Antonio Express-News the community to built between the two courses will “consist of five to eight subdivisions, with 2,200 to 3,000 houses; 600 to 900 apartments; about 500,000 square feet of retail space; and 250,000 square feet of office space.”