Jun 16, 2014
Palm Springs for POTUS?
(PALM SPRINGS, CA) President Barack Obama and first lady Michelle Obama spent the weekend in Palm Springs, fueling speculation locally that the First Golfer might decide to call Coachella Valley home after his stint in his Washington is finished. The Desert Sun was so far as to offer its top five picks, all conveniently located in private, gated golf communities. Rancho Mirage ruled the list with three homes picked, with Big Horn and La Quinta rounding out the list. Home choices ranged from a $10.7 million, 9,800 square feet home at the Big Horn Golf Club in Palm Springs to a more modest $1.2 million home at Thunderbird Terrace in Rancho Mirage. As the newspaper points out, “President Obama wouldn't be the first to buy a home in the Thunderbird area. Former President Gerald Ford moved there nearly four decades earlier.”
Jun 13, 2014
Hill Country High
(BOERNE, TX) After a record-setting sales year in 2013 and claiming the National Golf Course Owners Association “Course of the Year” honors for its Jack Nicklaus Signature design earlier this year, Cordillera Ranch has announces the release of golf lots fronting its Nicklaus Signature design course. The first residential golf course frontage in seven years at the community, the lots feature vistas of the course (ranked No. 4 in Texas by the Dallas Morning News) and Guadalupe River Valley. Adjacent to the par-5 ninth and par-4 10th holes, the one-plus acre parcels favor the prevailing southeast breezes while offering views of several holes and the impressive limestone-and-timber clubhouse. In addition to enjoy southeast breezes, the lots are also covered by some of the largest oak trees on the property, giving homeowners privacy. Views, breezes, shade, and an acclaimed hilltop golf course. Sounds like an unbeatable combination. Others agree; they’ve already sold three of them.
Jun 12, 2014
Living on the Edge
(LAKE WHITNEY, TEXAS) Talk about a nightmare: Watching your luxury home slowly slide off the edge of a cliff into the lake below. And there’s not a thing you can do about it. That’s what is happening in the gated community of White Bluff on Lake Whitney in Texas. Two nights ago a chunk of a $700,000, 4,000-sq. ft. home, and the bluff beneath, fell into the lake. The owners moved out two weeks ago, along with their belongs, after they noticed huge cracks in the house. (They purchased the home in 2012.) The rest of the house is expected to slide into the lake in the coming weeks and months. There is no way to stop the devastation. Authorities believe the region’s long-term drought, followed by recent heavy rains may have contributed to the collapse of the bluff on which the house was built. As of this morning, the house was still dangling off the cliff.
Jun 11, 2014
They Bought the Course
(NORTH MYRTLE BEACH, SC) They came, they saw, they bought. A Chinese couple, in search of a vacation home, bought a golf course instead. According to The Sun News, while vacationing in Myrtle Beach a few months ago, Chun Lan Li and Shi Lin Zou of Nanjing, China, came across Black Bear Golf Club while looking for a vacation home. Last week they closed on the Tom Jackson design for $1.5 million. Interestingly, no one in their family plays golf. They do plan to keep the course operating and take lessons so they can enjoy their purchase. That makes five Strand courses now owned by China residents. Lots of other investors from China are also looking closely at the area’s golf courses, which seem like bargains compared to the very expensive courses available back home.
Jun 10, 2014
Waiting List at Bonita Bay
(BONITA SPRINGS, FL) Feels like old times again when a club has to activate its waiting list for members. That’s what has happened at Bonita Bay Club. The private club, with three Arthur Hills courses, was taken over by membership in 2010. The members took action quickly, investing in upgrades for club facilities, including an $11.5 million renovation of the clubhouse and a 30,000-square-foot golf center that opened in January. The club also streamlined membership categories and went on an aggressive recruitment campaign. All the work paid off. They report that the number of new members is four times higher than budgeted and that they have experienced a healthy increase in younger members. But potential new members will now have to go on a waiting list. That’s a “problem” many private clubs would love to have.