Feb 11, 2016
Hill Country Sales Soar
(BOERNE, TX) While the rest of us have enjoyed downward trending oil prices, Texas has taken an economic hit. That hasn’t seemed to have an effect in the Texas Hill Country where the real estate market is thriving. The 8,700-acre luxury golf community, Cordillera Ranch, reports home and lot sales soared in 2015 and that they expect 2016 sales to remain on an upward trend. Highlights from their banner year include $98 million in real estate transactions, 62 lots sold totaling more than $17 million, 43 homes sold totaling more than $40 million, and the average sale price rose by $60,000, from $881,000 to $941,000. 2016 brings the unveiling of their newest development within the community, The Springs of Cordillera Ranch, featuring lots from $100,000 to $300,000, and lot and home packages ranging from the $600,000’s to over $2 million. Since its inception in 1997, more than 700 homes have been completed (with more than 1,200 lot sales) at Cordillera Ranch.At final build-out, this low-density community will total approximately 2,500 homes and preserve approximately 80 percent of the land in its natural vegetation.
Feb 10, 2016
Home Sales Rise at Lake
(GREENSBORO, GA) Life on the lake is good. With the year-end numbers all tallied, Harbor Club has announced a 34% increase in real estate sales from last year. Centered between Atlanta and Augusta, on nine miles of Lake Oconee shoreline, the golf course community (Tom Weiskopf and Jay Morrish design) reports that it sold $14.6 million in home, homesite, cottage and townhome properties last year compared with $10.9 million in 2014, an increase of $3.7 million. The impressive sales numbers for 2015 were comprised of 79 transactions, including 34 home sales, a 70% year-over-year increase from 2014. In the year ahead Harbor Club will be grand-opening a number of new designer model homes in the community, which are being developed by the company’s new in-house homebuilding affiliate, Patriot Builders. One of the homes was designed by acclaimed architect Mitch Ginn, whose residential designs have graced the pages of Southern Living Magazine. Ginn designed the 2006 Southern Living “Idea House” in Charleston, South Carolina.
Feb 08, 2016
Crenshaw’s Mansion for Sale
(AUSTIN, TX) Ben Crenshaw is saying farewell again. Last April he said goodbye to Augusta. Now he is putting the home where he has lived since 1988 on the market for $5.7 million. According to Realtor.com, the six-bedroom, 7,236-sq. ft. home on 1.5 acres is “flush with details and upgrades: built-in trophy cases (for those numerous awards, of course), a copper ceiling in the dining room, brickwork walls, and a marble floor in the entryway.” The location is pretty sweet, too. The mansion sits at the end of a cul-de-sac, amidst lots of trees, in the Tarrytown neighborhood of Austin. On the grounds, there’s a pool, cabana, and, of course, a putting green. We would expect nothing less from the home of one of the greatest putters ever. Take a peek inside the home at the link below:
Feb 05, 2016
Trump Loses This One
(DORAL, FL) Runner-up is not a position Donald Trump likes to find himself in, be it caucuses or golf courses. The presidential hopeful was in on the bidding for the closed Great White Course, which Trump National Doral had previously operated and sits across from the golf resort. The Real Deal reports that Miami-based Codina Partners and Lennar Corp. have jointly won a bid to purchase the 130-acre property for over $100 million, one of the priciest land deals in Miami-Dade County history. The seller is GIC, the sovereign fund of the government of Singapore, which obtained the property through bankruptcy actions. This apparently spells the end for the Great White Course, which hosted the PGA TOUR Franklin Templeton Shark Shootout in 2000 and became a Greg Norman Signature course in 2005. The Real Deal reports that Codina Partners and Lennar Corp. have plans for a $1 billion mixed-use development that will include 2,840 residential units spread between condominium towers, townhouses and rental units, as well as office buildings, a charter school and government center.
Feb 03, 2016
(DAUFUSKIE ISLAND, SC) Bloody Point Golf Course on Daufuskie Island is certainly one of the most intriguing names in golf. The course sits on the site of a series of bloody skirmishes in 1715 between Yemassee Indians and the island’s settlers. Now comes word that a more civil skirmish spells doom for the Jay Morrish/Tom Weiskopf design. A new proposal to turn the course, which the current owners restored for $2 million just five years ago, into a hospitality district with an inn and homes has preliminary approval by the county’s planning commission. The course has bled money since its renovation and owner Brian McCarthy feels the new proposal is “the single best chance for long-term success,” reports the Island Packet. A meeting with residents found the majority supported the new plan even though it means losing the golf course. Looks like if you want a final round on the course, you better make plans to get there soon