Apr 06, 2015
New York) We love our beach homes. According to a CNN/Money report, vacation home purchases reached an estimated 1.13 million last year, the highest level since 2003 and a 57% increase from 2013. Not surprisingly, the most popular location for vacation homebuyers was the beach. The National Association of Realtors credits the stock market's strong performance and gains in the labor market for creating more buyer confidence. And at long last, baby boomers helped fuel the sales surge. As they inch closer to retirement, boomers are looking for a place to vacation and eventually make their primary residence. The beach makes that transition even easier. Also helping the jump in vacation home sales is their median price dropped 11% from s013, even while the median price for a primary home continues to rise. Now if only we could find a way to increase the length of the coastline.
Apr 03, 2015
(EAGLE COUNTY, CO) Even in a region known for its rugged natural beauty, Adam’s Rib Ranch, with the ski resorts of Vail and Beaver Creek just around the corner, stands out. The brainchild of Fred Kummer, it was envisioned as an attractive alternative to the resorts crowding the region. Instead, Kummer saw the opportunity for a community that offered tranquility, wide-open spaces and a relaxed, family-friendly atmosphere. That was in 1974. And while Kummer eventually built a luxurious golf community with a Tom Weiskopf-designed course and a stunning clubhouse, he battled local opposition all along the way. He purchased the property for $21 million four decades ago and sunk about $100 million into over the years. A few weeks ago, Kummer sold it all for $21 million to Denver-based Brue Capital, which will carry on Adam’s Rib vision. Kummer told the Saint Louis Journal, “I put a lot of money into it, and I sold it for a little bit of money. At my age, I had decided that I played around with the toy long enough — that’s an expensive toy, $100 million, so I disposed of it.” Now it’s Brue Capital’s turn. “We are absolutely thrilled to become stewards of the storied Adam’s Rib Development and Adam’s Mountain Country Club,” said Chad Brue, of Brue Capital. “We feel that we are poised for a bright future.”
Apr 01, 2015
(LOS CABOS, MEXICO) The acclaim for Quivira Golf Club, the spectacular $40 million Jack Nicklaus Signature Golf Course that opened on the tip of the Baja Peninsula a few months back, has been as expansive as its panoramic ocean views. Now comes word that the deluxe resort community of Copala is on schedule to open this June in the heart of Quivira Los Cabos. As if life in this ocean-view community won’t be reward enough, Copala residents will have exclusive access to Quivira Golf Club through a range of golf memberships. The ocean-view, master-planned gated community will showcase Mexican hacienda-style one-, two-, and three-bedroom condominiums as well as custom homes. The first condominium building should be ready for occupancy by June. And the project is more than 60% sold out, with 80% of buyers coming from the U.S. Doesn’t hurt that a new interior highway linking San Jose to Cabo San Lucas will reduce the drive time from the airport to the property to 35 minutes.
Mar 30, 2015
New Glacier Course
(DURANGO, CO) The historic mining town of Durango, once the rough and tumble Old West domain of gamblers, cowboys, and gunfights is also a neighbor to the private golf community, the Glacier Club. The beautiful, rugged landscape has offered the perfect backdrop for Wild West movies, including Butch Cassidy and the Sundance Kid (1969). Now it will serve as the perfect backdrop for a new golf course at the Glacier Club. According to Golf Course Architecture, Hale Irwin is working alongside Todd Schoeder on the design of nine new holes at the club. Currently, the club has 27 holes, consisting of three nines. One of those nines will become part of the new design that will form the 18-hole Glacier Course. Irwin told Golf Course Architecture, “The views are absolutely spectacular. There’s not one bad look anywhere. In the design process we wanted to make every hole a painting – each uniquely different, and pleasing to the eye. At Glacier Club we’ve had this great canvas on which to paint a beautiful golf course.”
Mar 27, 2015
(WEST PALM BEACH, FL) Life is pretty good for residents at Ibis Golf & Country Club. They enjoy a beautiful private community in West Palm Beach, three Nicklaus family-designed courses, and have the popular host of Golf Channel’s “School of Golf,” Martin Hall, as their director of golf instruction. But residents here don’t take their luxurious lifestyle lightly. Over 500 of them came out this past weekend to raise money for the Ibis Charities Foundation and Ibis Friends of Veterans. During the record-breaking weekend they raised over $235,000 by participating in cards, tennis, and golf. The funds will support local charities, including pediatric oncology, Quantum House, Palm Beach School for Autism, Wounded Warriors of South Florida, Stand Down House, and the newly-established Veterans Resource Center at the Palm Beach State Campus. Residents also donated over 21,000 pounds of food and $13,000 for the annual Ibis food drive benefitting the Palm Beach County Food Bank. Well done!