Apr 24, 2015
(RANCHO SANTA FE, CA) How could you go wrong with a picturesque Freddy Couples layout in Southern California? The Crosby at Rancho Santa Fe seemed to have it all: great location, highly sought after club, and a marquee golf architect (Couples in collaboration with Brian Curley). Opened in 2001, The Crosby was acquired by Escalante Golf, a boutique owner and operator of luxury golf properties across the country, in 2009. We listed the property, which includes residential homes and villas, as one of our “Best of the Best” Premier Properties that same year. But last week, the Crosby filed for Chapter 11 bankruptcy protection, owing hundreds of creditors between $10 million to $50 million, according to the San Diego Union-Tribune. The paper also reports “the club says it has up to $50 million in assets.” What’s next? Hard to tell as lawyers and PR folk aren’t talking yet.
Apr 22, 2015
Private Dock Included
(LAKE KEOWEE, SC) While everyone’s attention was focused on the Masters, The Cliffs announced the release of a new collection of lakefront property being made available next month. Dockside at The Cliffs at Keowee Springs, situated on some of the community’s best waterfront property and their most significant land release in more than five years, will be an intimate collection of properties on the shores of Lake Keowee. The initial phase of 26 homesites will be primarily waterfront, each approximately one acre with prices ranging from the $200,000s to $500,000s. Each homesite is permitted for either a private dock or boat slip at Dockside’s own community dock facility, so every resident will have access to the lake. Their unveiling is planned for a weekend in May. In addition to your own private dock or boat slip, every membership allows for access and privileges to all seven of The Cliffs’ properties.
Apr 20, 2015
(NAPLES, FL) The Dow average is doing wonders for luxury home sales around the country, including Naples where the Naples Area Board of Realtors gave their annual take on the state of the local housing market recently. And Naples, they report, is so hot it is about sizzle. Home prices have begun to rise above 2005’s peak prices and are stabilizing as well. Million-dollar sales and location are driving the surge. "Neighborhoods broken down by ZIP codes seem to make a lot more sense than when it's broken down by price range," says Cindy Carroll, vice president and manager of the residential division of Naples-based Carroll and Carroll Real Estate Appraisers and Consultants. "It's about location, not price range, it's how close you are to the beach, which drives your value." Single-family homes have benefited most, with condos (still feeling the effects of foreclosures) lagging. But as home prices continue to stabilize, they expect the condo values to come back.
Apr 17, 2015
Hot Tee Times
(WICKENBURG, AZ) Everyone loves swag. And golfers at Wickenburg Ranch’s newly opened golf course outside Phoenix scored well during the opening months of play. The course has sold out every available tee time since opening on February 7. During that time, Arizona residents can play golf course for $85 per player, including a free polo shirt and performance pullover. That promotion ends April 30, but from May to September, Arizona residents can play for just $55, and still receive the polo. The community's centerpiece is the Trilogy neighborhood, which debuted in February along with the golf course. Over time, the community is expected to include amenities beyond golf, as well as the potential for additional neighborhoods. For now, we’ll take the free stuff along with the modest green fees.
Apr 15, 2015
(SUNNY ISLES BEACH, FLA) If you’re the type who loves to bargain shop, the new trend in branding homes and condos with designer labels may not be your thing. But if you happen to be an international jetsetter with more money than you know what to do with, it seems you’ll happy pay a big premium to live in home branded with a haute label like Porsche, Armani or Fendi. From the Toronto Star, “For the designers and builders, the partnership offers dual rewards: The brands gain a revenue stream and enhance their caché. The developers and owners benefit from the allure of a treasured name and logo.” The concept certainly seems to have worked at Porsche Design Tower. Mostly sold out even though it won’t be finished until next year, the tower offers residents car elevators that “can whisk a convertible up 60 stories and then slide it into the owner’s personal steel-reinforced garage.” All without the driver ever leaving their seat.