Golf Properties

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and unsurprisingly, it’s on a golf course.  Michael Jordan’s love of golf is almost proverbial, and the NBA star already owns a 28,000 square foot mansion in Jupiter, Florida, also home to a great set of links.  His Airness’ Florida home was chosen for its proximity to the Bear’s Club and his neighbour is Tiger Woods.

But Jordan can’t stay home full time.  He has a sports team to manage.  In the winter of 2010 Mr. Jordan took over as owner of the Charlotte Bobcats, replacing Black Entertainment Television founder Robert Johnson.  So he needs a home in North Carolina, preferably one with golf course access.

A little shopping around found Mr. Jordan this foreclosed 12, 310-square foot property, located on Lake Norman in Cornelius, about 22 miles from the Charlotte Bobcats’ Time Warner Cable Arena.  Mr. Jordan bought the $2.8m home through a trust, the Jordan Family Gift Trust.  And he got a deal on the house too: it was originally listed for $3.99m in 2011 and relisted in 2012 for $3.49m.  Cornelius Commissioner Dave Gilroy told the Charlotte Observer that he though the deal was “fantastic.  He got a great buy on that house.”

The home has six bedrooms and eight bathrooms, a mansion by anybody’s standards but less than half the size of Mr. Jordan’s Jupiter home.  And Tiger Woods isn’t nearby either, but the house is on a golf course.  In fact it’s located at the seventh hole of The Peninsula Golf Club.  The listing states that the site features “stunning panoramic lake views from almost every room.”  It also has a jetty into the lake with its own launching platform.

And drag racer Doug Herbert, who previously owned the house, said the property is “a great place to entertain friends and have people over.”  Mr. Herbert only left the property after his two sons were killed in a freak traffic accident in 2008, on Jetton Road, near their home.  After the tragic loss of his sons Mr. Herbert said it became emotionally impossible for him to live there.  “It was a difficult trip to take every day to got to work,”  Mr. Herbert said.  “It became hard to live there.  It was time to go.”

The gated community is glad to have Mr. Jordan moving in.  Resident Patricia Potts said she hopes Mr. Jordan’s presence will put the country club on the map as a ‘five star golf community.’  Other residents said they were unsurprised that Mr. Jordan had chosen their community.  Given that other celebrity residents included former Boston Celtics centre Robert Parish and Joe Gibbs, owner of Joe Gibbs Racing, ‘it makes sense,’ said resident Gary Marine.

Mr. Gilroy sums up local sentiment: ‘We couldn’t be more thrilled to have a legend like that as a Cornelius resident.’

One thing that Mr. Jordan’s new home lacks is the full-size regulation basketball court that graces his main home in Florida.  So he has to make do practicing with the now-conveniently close Bobcats.

According to team members, there’s a tradition of one-on-one practice at the Bobcats that endures despite Mr. Jordan’s relatively advanced years.  At nearly 50 does Mr. Jordan still have anything to offer as a trainer? According to Bobcats captain Gerald Henderson, “he’s the best ever to play and he’s still got that competitive nature.  He always feels he can help you.”  And coach Mike Dunlap feels he probably can: “There’s a stew down there – a mixture of instruction, humour, competitive spirit and care.  Also, if a guy is not feeling good about his game, it gets the cobwebs out.”

 

 

 

 

 

 

 

Photo of his $12.4m Florida Home

 

Article written by Kunle Campbell

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Donald Trump is furious about a proposed off-shore wind-farm near his £750 million golf resort development in Menie on the Scottish Aberdeenshire coast — so much so that he has written a letter to Alex Salmond. In the letter, Trump calls the proposed 11-turbine wind-farm “disastrous and environmentally irresponsible”, one wonders if he would think it was so disastrous or environmentally irresponsible if he wasn’t about to see completion of a golf resort a mile down the beach from it.

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Michael Jordan has spent $12.4 million dollars on a new luxury home in the Bears Club, a prime golf community designed and owned by Jack Nicklaus. A lover of privacy Jordan chose not to go for one of the remaining waterfront properties, but instead bought the most expensive home without direct access to the water.

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The secluded property includes a guard house, a pool house and a guest house as well as the main house, within 28,000 square feet of grounds.

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Golf developments in sunny locations are a big-hit with the buyers, and have sold well even during the recent downturn. They generate millions in revenue for the locations in which they are built. Unfortunately developers are trying to capitalise on this fact to build golf courses on conservation areas and even on people’s homes. Obviously this is a cause of controversy. Between that and the development escapades of fallen star Tiger Woods, here are some interesting stories in the world of international golf resort development — here are just a few of them:

Jaz Hotels & Resorts, the Hospitality Arm of Travco Group, Introduces Yet Another Gem to its Red Sea Resort Madinat Makadi

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On November 6th 2008, Jaz Makadi Golf Hotel welcomed its first guests – celebrity stars Melanie Brown and husband Stephan Belafonte – along with their families and friends, as they renewed their wedding vows in a dazzling ceremony that took place in a 4-day wedding event hosted by Travco.

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After being rejected to build his proposed £1 billion golf and housing resort in north east Scotland by the Aberdeenshire council’s infrastructure committee last year, Donald Trump has finally gotten approval for his project thanks to government intervention.

The 1,400-acre resort on the Menie Estate at Balmedie in Aberdeenshire, has enraged environmentalists because it is feared to damage precious sand dunes and bird life. Proposed are two 18-hole golf courses, a 450 room hotel with a conference center, a spa and 500 homes.

When the development was announced initially last year it sparked a lot of controversy because of the environmental issues. However, despite the opposition from the “greens” Trump has the full support of local businesses and politicians who deem the resort vital to the economy.

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A recent press release from Dubai developers, Tatweer suggest that the first phase of the first Tiger Woods’ designed golf course is only months away from it’s completion due date in Q4 2009.

The revolutionary course would feature 5 million square feet of locally grown grass and over 30,000 fully grown imported trees according to the release.

The developers’ of the ‘The Tiger Woods Dubai’ project are Tatweer, a division of Dubai Holding, a UAE government owned company. Their plan is to make it part of Dubailand, a massive theme-park complex on the outskirts of Dubai.

The course and surrounding golf residential community together would cost US$1.09 billion (AED4 billion).

We thought we’d share this video; it’s an exclusive interview with Tiger Woods about his investments outside of the golf course. He is a co-investor in a soon to be constructed $1.3 billion exclusive private golf residential community called Albany Golf & Beach Club in the Caribbean island, Bahamas.

He also talks about the Dubai property market & Tiger Woods Dubai, the first Tiger Woods-designed golf course and resort to be located in Dubailand.

Although he did not invest early, he is owns Google shares and is bent on holding.

He finally clarifies that he did not buy a $65 million New York, Hamptons seaside estate as this article suggests.

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One of the most ambitious residential projects ever undertaken in the Caribbean, Cap Cana is on track to have it’s Jack Nicklaus signature golf course completed on schedule, by October 2008.

The $1.5 billion residential golf project bills itself as “the World’s Next Great Destination”: although Donald Trump might disagree if he manages to get his Scottish version underway.

The Las Iguanas golf course is an integral part of the development’s first phase with Frontier Golf supervising its construction. In executing Nicklaus’ plans for Los Iguanas, Frontier Golf joined a team of international professionals on the development, including club operator Troon Golf.