Jul 18, 2016
Ultimate Sales Pitch
(MIAMI, FL) Signature golf courses seem almost quaint in comparison to the hottest new real estate amenity in urban, uber-lux developments. Miami’s new, Paramount WorldCenter, which has at least six professional soccer players who have already bought residences in the tower, will feature a regulation-sized soccer field on its two-acre, 9th-floor sporting deck. The sales pitch for such an amenity sounds familiar: “Football represents family, a heritage that’s learned, and an art form that’s passed on from parent to child,” reports Forbes. The 9th-floor amenity complex also includes tennis and basketball courts, a running course, a yoga deck, a playground, a dog park, private outdoor bath houses, and multiple pools. The only nod golf gets is that tours of the sports complex will be given in a golf cart. Is the soccer pitch a trend? One of Manhattan’s most anticipated developments, 180 E. 88th Street, will also include an indoor soccer pitch.
Jul 15, 2016
(Portsmouth, RI) While golf’s biggest names are struggling to stay out of the sand this weekend at Royal Troon, you might like to spend a little more time in it. A good place to start might be the Newport Beach Club, made up of five distinct villages of luxurious year-round and seasonal waterfront residences on Aquidneck Island, near Newport, Rhode Island. This month, they have unveiled two new lines of luxury residences within thier Waterside Village neighborhood overlooking Narragansett Bay: classic Cape Cottages and elegant Condominiums. Just this year, the Club expanded its water activities to include paddle boarding, sailing and kayaking, and hired a tennis pro to enhance the racquet program. Also new in 2016, Newport Beach Club members have access to special golf memberships at The Carnegie Abbey Club, the neighboring Donald Steel-designed Scottish links course along the coast. Pretty sure you’ll find some sand there, too.
Jul 13, 2016
360 Degree Views
(BIG SKY, MT) Golf season comes late in ski country. But at Moonlight Basin, located between Bozeman and Yellowstone National Park, this year’s start was especially anticipated. 2016 marks the first full season for their Jack Nicklaus Signature golf course, The RESERVE. Nestled in the alpine forest at 7,500 feet above sea level, this undulating, mountain course serves up awe-inspiring views to Lone Peak along with the golf. Construction on the back nine and practice area was completed in the summer of 2014, with the front nine finishing up late last summer. And as great as the golf is, the course is just the latest world-class amenity offered at this lifestyle community centered on outdoor experiences and adventures. Moonlight Basin alreadys offers ski-in, ski-out access to Big Sky Resort, miles of hiking and biking trail, and alpine lakes and trout-streams.
Jul 11, 2016
A Perfect Fit
(VERO BEACH, FL) Orchid Island Golf & Beach Club, bordered on one side by the Atlantic Ocean and on the other by the Indian River Lagoon, already has a stunning location with miles of unspoiled beaches. Now it has its own realty company. The private community has acquired the aptly named firm, Orchid Island Realty, to exclusively market and sell properties within Orchid Island. “Since owning real estate in Orchid is a requirement for membership in the Club, it just made sense and seemed like the perfect fit to acquire the real estate firm,” says Rob Tench, Club General Manager. Some of the benefits of acquiring Orchid Island Realty will be to control marketing efforts and improve relations with outside realtors. “One immediate change we are planning is to enhance our commission sharing arrangement with outside brokers to be consistent with other real estate companies in Vero Beach,” says Suzanne Albani, Club President. By the way, Orchid Island property owners have an outstanding Arnold Palmer-designed course to play, with a signature hole very similar to the 18th at Palmer’s Bay Hill, winding around water on the right to a rock-fronted peninsular green.
Jul 08, 2016
(LONDON) With The Open up next, all eyes in the golf world are turning toward the UK. And in the wake of the “Brexit” vote, homebuyers and real estate investors are also looking towards the United Kingdom, each for different reasons. Potential homebuyers are eagerly watching to see if home prices will drop, while foreign property owners are keeping a wary eye on their investments. "A property price drop of 10% to 20% makes it a better time to buy than before the fall, if you have mortgage availability and if rates stay low or fall further," Philip Shaw, chief economist at Investec in London, told CNN Money. But the economic uncertainly the decision to pull out of the European Union has caused, may lead to the tightening of lending standards. Potential homebuyers may be eager to snap up bargains, but have difficulty getting financing. Opportunity awaits, too, if foreign investors, worried about how the economic and political ramifications might affect the market, pull out of the UK housing market, creating further price drops.