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.
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.