Jul 03, 2015
(SYLVA, NC) Was it really just five years ago, that Balsam Mountain Preserve’s original developers lost ownership in a 2010 foreclosure? Since then, the news for this premier private golf community has been good enough to shout from the mountaintop. Real estates sales have steadily climbed over the last few years, and last month an unprecedented partnership between a successful North Carolina real estate developer and several community homeowners has resulted in new ownership. Real estate entrepreneur Chris Manning formally completed the purchase of the development on June 8th. An experienced developer and operator of golf courses, real estate and lifestyle communities, Manning has been involved in the development of more than 5,000 residential units in the Carolinas with a combined value of more than $450 million over the past fifteen years. What makes this transaction unique is the partnership he created with the community’s homeowners who invested in the purchase and have contributed significant capital resources to ensure a number of improvement initiatives are fully funded in advance and can be implemented immediately. Among these are improvements to the golf course, the design and construction of a clubhouse complex and the start of a homebuilding project to include golf cottages and townhomes that will appeal to the families looking for more of a “lock and leave” product as opposed to a traditional single family residence. Perhaps even more unique is that the developer and homeowners are in step with each other.
Jul 01, 2015
How Exclusive is Your Club?
(BROOKLINE, MA) Cypress Point, Seminole, Augusta National, The Country Club. The country’s most exclusive golf clubs are just a dream for most golfers. But the rich and famous don’t always fare much better. The Boston Globe reports that New England Patriots quarterback Tom Brady and his supermodel spouse, Gisele Bundchen, who are practically royalty in Beantown, have applied for membership at the ultra exclusive The Country Club in Brookline, Mass. One of the five original members of the USGA, the club has hosted three U.S. Opens and, famously, the 1999 Ryder Cup. But the Bradys, who live practically next door, are no shoo-in despite their enormous wealth and fame. That fame may actually work against them. As a prominent Bostonian told The Globe, “Like any bastion of Brahmin privilege, The Country Club believes your name should appear in the newspaper just two times: When you’re born and when you die.” But there’s still hope for Tom and Giselle at a club that could use an infusion of youth. One longtime member is anonymously quoted as saying, “I would support them. My husband isn’t around to gawk at Gisele, but if Tom Brady wants to come home with me, he can do that anytime.”
Jun 29, 2015
(PARK CITY, UT) How does one do justice to a highly acclaimed course in a spectacular mountain setting? A daunting task, but the folks at Promontory have managed to pull it off. The newly unveiled Nicklaus Course Clubhouse, that goes with their Jack Nicklaus Painted Valley Signature golf course, is a stunner. (No surprise there, the same design team created the private mountain community’s award-winning Shed Clubhouse.) The distinctive 16,000-sq. ft. golf clubhouse offers breathtaking views of course, but it is the views of the modern clubhouse that are getting lots of attention. Cutting edge architecture by John Sather of Swaback Partners in Scottsdale, Ariz., combines stone, glass and steel to fashion a quintessential icon for Promontory. Spacious dining decks overlooking the 18th green of the Nicklaus course offer both sunny and shaded dining choices – all with panoramic vistas across golf course and lakes, toward Deer Valley’s Bald Mountain. Interiors by Vallone Design, also of Scottsdale, create a luxurious and modern atmosphere in rich, handsome textures and a palette of pewter, taupe and azure hues. A new restaurant in the clubhouse, The Peak, will offer a menu of inspired cuisine with an Asian influence. Signature and classic cocktails from the 1930s, 40s and 50s will be featured, complemented by striking contemporary interiors. You’ll want to take one of those cocktails out on the expansive decks to enjoy those views.
Jun 26, 2015
Home Full of Love
(ST. SIMONS ISLAND, GA) Want the best seat in the house when The McGladrey Classic, hosted by Davis Love III, kicks off November 16? Actually, you can have the whole house for a cool $5.1 million. Love’s secluded, five-acre marshfront estate, including his 10,253-square-foot plantation-style home, is up for sale. The home has served as the host venue for the McGladrey’s Pro-Am pairings party. (Maybe you can negotiate keeping that perk!) Beyond its enviable location close to Sea Island and the Cloister Hotel amenities, the estate is spectacular. Take a moment and watch a tour by drone to get a real sense of the privacy and secluded beauty of the place. Designed by renowned architect Lamar Webb, the home sits among live oak trees and palm trees and features postcard-perfect marsh views. An outdoor pool and fireplace, along with endless covered porches, are great places from which to enjoy the long-range views. Inside, you’ll find two fireplaces, a wine cellar, and a gun room. You’ll want to bring your horses, too. The 3,360-square-foot horse barn and stables, rival many a luxury home. Even if you’re not in the market for one of the coast’s most incredible estates, it’s fun to kick the tires on the good life and get a peek at how top Tour pros live.
Jun 24, 2015
For the Kids
(BOCA RATON, FL) Golf and charity have had a long and generous relationship. At nearly every private golf community around the country, you’ll find a passion for fundraising among the membership. Nowhere was that more evident than at the 25th annual Best Ball Golf Tournament held recently at Boca West Country Club. Run by Florida’s Seminole Region of the Club Managers Association of America, the tournament raised about $600,000 this year. (Over the last quarter century, the group has raised millions for kids.) Teams representing country clubs, businesses and everyday golfers reserved a day to play as many holes as possible at one of several participating country clubs in the area with pledges made for each hole. Over $155,000 of this year’s total was donated by Marathon Golf, now in its fifth year as part of the charity tourney. The team from Addison Reserve Country Club was the top marathon money earner with over $22,000. Unbelievably, the most marathon holes played by a single golfer was 217 by Richard Chase of Wycliffe Country Club. All told, a total of 5,480 holes of Marathon Golf were played, with many golfers sinking their putts well into the night.