Luxury Property Blog » Golf Developments

Private Golf Course For Auction

Mark Knowles — Tue, 06 Oct 2009 08:40:50 +0000

Now this is an interesting auction. No golf homes for sale – an honest to goodness’ private golf course is being auctioned off 23rd October in Wisconsin. The credit crunch continues to strike the wealthy and this private golf course is reluctantly being put up for auction at a considerable discount.

Massive Fijian resort development site goes up for sale

Mark Knowles — Wed, 15 Jul 2009 12:07:22 +0000

The partially completed Momi Resort development in Fiji will go up for mortgagee auction on July 22nd

The Fiji National Provident Fund (FNPF) has appointed Bayleys Real Estate to handle the sale of the first stage of the development which encompasses more than 350 residential luxury homes sites, a partially completed nine-hole golf course, golf clubhouse, and hotel complex after the developers were unable to refinance.

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Golf Development in Virginia Facing Issues

Mark Knowles — Wed, 06 May 2009 05:55:30 +0000

Luxury Hotel that never was

Another part finished luxury golf development is facing financial issues. Harbor Station in Virginia. All I can say is it is about time the Federal reserve printed some more money or we are going to see more of these things collapse. A few county authorities sensibly refused to allow golf courses to be built until after the residential development was completed, but Prince William County apparently needed the backsheesh and the first part completed was the Jack Nicklaus-designed golf course which was to be followed by 4,000+ McMansions and the usual conference center, luxury hotel etc.

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Luxury Golf Development Struggles to find Buyers

Mark Knowles — Mon, 20 Apr 2009 08:37:45 +0000

The Cliffs, a luxury golf development near in High Carolina near Asheville is suffering from the slowdown in golf community sales. We have covered a number of similar developments recently and many are running into difficulties, including the Cherokee Run Country Club in Georgia, and the Laurel Cove in Tennessee. Relatively speaking, I feel The Cliffs is one of the stronger developments, but they are still facing the same issue as the rest of the industry.

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Luxury Home in Florida to be Auctioned Off

Mark Knowles — Tue, 24 Mar 2009 08:38:37 +0000

Concierge Auctions will conduct a luxury real estate auction of a 5,590 square-foot home in the exclusive golf and country club community of Isleworth near Orlando, Florida on April 4.

Located at 9815 Laurel Valley Drive, the property was originally listed for $3.495 million and then reduced to $1.75 million, but has failed to sell. The two-story, Mediterranean-style home contains five bedrooms and five baths. It includes an elegant foyer with marble flooring, two bedroom suites, a theater, pool, sauna and outdoor lanai, as well as a library and wine storage area. There is also a detached guest suite with a private garage entrance.

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Tiger Woods Dubai Completes Bulk Earth Works

Mark Knowles — Thu, 15 Jan 2009 13:07:28 +0000

The Tiger Woods Dubai today announced that it has successfully completed bulk earth works at the 55 million sq. ft. golf community development, enabling the project to progress to the next phase of construction. All remaining bulk earth works are now complete on the road network, commercial buildings, residential plots and Al Ruwaya Golf Course. This is Tiger Woods Design’s first project, and is quite staggering in scale, although some (myself included) wonder at the sustainability of creating a fake environment of this scale in the desert. I imagine working in sand has made the earth moving process a little easier and they have managed to achieve some dramatic typography, with elevations reaching 78 meters above sea level, including a difference of 29 meters between the lowest point, the lakes, and the highest point.

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Donald Trump’s Plans for Scottish Golf Development in Doubt

Mark Knowles — Mon, 22 Dec 2008 11:50:06 +0000

Who is getting fired next year?

It seems as though Donald Trump’s heavily disputed golf development in the Scottish wilderness may now be in some doubt. Despite claims from the Trump camp that financing is not an issue, problems in several other areas of Mr. Trump’s business interests may have an effect.

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Jack Nicklaus To Design Signature Golf Course on Residential Development in Panama with Dubious Connections

Mark Knowles — Fri, 19 Dec 2008 13:18:38 +0000

Jack Nicklaus on Isla Viveros

Grupo Viveros announced Tuesday that Jack Nicklaus will create a par-72 Signature Golf Course as the centerpiece of Isla Viveros, located in the Pacific Ocean, 45 miles from the Panamanian coast. It would appear that some golf developments are immune to the current economic climate, which is good to see, albeit one has to wonder how they manage it.

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Residential Golf Communities feel the pinch in Georgia

Mark Knowles — Thu, 27 Nov 2008 13:32:32 +0000

Seal Island Gold Resort lays off 500 staff

Residential golf communities and golf courses are feeling the financial crisis, particularly in some states. We have reported on several stalled devlopments recently, including The Laurel Cove development in Tennessee. Georgia is another state facing issues. Lieutenant Governer of Georgia, Casey Cagle told a group of local mayors this week, “the state of Georgia isn’t going to be in the golf business and the hotel business much longer,” as he announced plans to start selling off state-owned golf developments and courses.

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Donald Trump Gets Permission for Golf Development in Scotland

Mark Knowles — Tue, 04 Nov 2008 09:52:21 +0000

Golf or Wildlife?

Much to the disappointment of local environmental groups , the Scottish government has finally given Donald Trump permission to build what he describes as “The greatest golf course in the world,” in a remote part of Aberdeenshire, along with 1500 homes. Originally rejected by Aberdeenshire Council, the Scottish government decided to over-rule the local council’s decision in favor of “economic and social benefits.”

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