May 06, 2015
The King’s Mansion
(MIAMI, FL) Golf’s King never had palatial surroundings as opulent as basketball’s King. But for a mere $15 million, you could. According to Cleveland.com, LeBron James has reduced the price for his six-bedroom mansion in Miami to $15 million, down from $17 million. If you buy, you’ll have some big shoes and tall spaces to fill. King James’ mansion measures 12,178 square feet with six bedrooms, nine baths, a huge kitchen, wine cellar, office, theater, elevator, generator, large private roof-top sun deck and a detached guesthouse. Odds are that you won’t have to duck through doorways. Outside is a stunning infinity pool, outdoor kitchen and boat dock that can accommodate, not one, but two mega yachts. And maybe with that reduced asking price, a membership at Doral is within reach.
May 04, 2015
Fractionals Future Improving
(SEA ISLAND, GA) If you’re wondering if a private residence club, or fractional ownership, is a good investment, it probably isn’t the right choice for you. The New York Times has been putting the spotlight on these type of offerings over the last few weeks, and the numbers, at this point, aren’t rosy. Sales are expected to top $1 billion this year, down from $2.3 billion in 2007. For those who bought shares at the peak, their investments have dropped 25%-30% from the peak. But those who are bullish on the concept say looking at it from an investment point of view is the wrong way to approach this type of ownership. John Rhodes, who paid $1.5 million in 2007 for his quarter-share in a three-bedroom, four-bathroom condo at the Cloister Ocean Residences (which are now selling for $1.1 million) told the Times, he did not buy it as an investment. At the time, it was one of the least expensive ways to acquire a Sea Island Club membership that includes golf. “For Mr. Rhodes and others, the selling point of these shares was often the ease of use, the amenities and the realization that most people do not use a vacation home more than 13 weeks a year,” said the newspaper.
May 01, 2015
Meet the Large, Luxurious Villa
(BOERNE, Texas) We might have to rethink our notion of the villa. In the U.S., the term often comes with the connotation of a vacation rental, but abroad the villa enjoys a grander, more luxurious reputation. At Cordillera Ranch in the Texas Hill Country, they’ve just broken ground on one of their Benedira villas and the floorplan blows you away in both size and luxuriousness. Listed at $1.49 million and 4,780 square-feet, the villa features authentic Tuscan finishes including imported Italian clay tile roofs, sealed-stucco exteriors and aluminum-clad wood windows. Vaulted ceilings with Douglas fir beams, solid eight-foot mahogany doors and red oak (or natural) travertine flooring provide powerful, clean interior accents. Benedira’s three-bedroom main floor houses the master suite, great room, study, formal dining, outdoor living area with summer kitchen, and a two-car garage with golf cart storage. A chef-inspired kitchen is framed by rustic, cherry wood cabinets with the latest appliances and gourmet technologies. A lock-and-leave residence, it features an available “Technology Package” with Internet access to climate control, lighting, audio-visual security and other household systems. And it sits just a short iron from Cordillera’s Jack Nicklaus Signature course.
Apr 29, 2015
Adam’s Rib Gets a New Moniker
(EAGLE, CO) That didn’t take long. Barely a month after purchasing Adam’s Rib Ranch, the new owners have announced a new name for the golf community: Frost Creek. Vail Daily reports that the new name “pays homage to W.E. Frost, a settler on the property in 1880. Frost Creek is also the name of the creek which bisects the 2,000 acre parcel located just south of the Town of Eagle.” Home to a Tom Weiskopf-designed golf course, the newly minted Frost Creek has been one of the country’s premier properties. ￼In a region known for its rugged natural beauty and the peaceful solitude of the surrounding Rocky Mountains, this wildly luxurious community, with the ski resorts of Vail and Beaver Creek just around the corner, has been a stand out from its inception. But the property has fallen off the radar in recent years. Brue Capital, the Denver-based investment group which purchased Adam’s Rib, promises with the new branding, they will re-launch membership and expand the real estate offerings as part of a new vision for the community that reflects current market trends. That’s good news for everyone who appreciates a lifestyle steeped in outdoors pursuits.
Apr 27, 2015
Bend, Beer, and Beautiful Surroundings
(BEND, OR) What better way to explore the top-ranked golf courses of Pronghorn, an Auberge Resort, or the pleasures of Bend than staying in a suite at the soon-to-built The Lodge? The superb Nicklaus and Fazio courses at Pronghorn led us to name the community one of our Best for Golf. The Jack Nicklaus course is a manicured target golf layout in this high-desert setting, while the Tom Fazio course is a unique, fast-and-firm experience that defies easy categorization and leaves a lasting impression. The property recently announced a $20 million investment for The Lodge, a new 105-suite resort that includes expansion of the Auberge Spa. The work is expected to be completed in 2016. Each guest room will boast dramatic views of the stunning surrounding nature. Of course, the area is also famous for the Bend Ale Trail, the largest beer trail in the West, as well as year-round outdoor offerings including fly fishing on the Deschutes River and skiing at Mt. Bachelor.