Letter from the Editor: It’s a Golf, Golf, Golf, Golf World
July 2, 2004
Leading the pack of golf course designers are Jack Nicklaus, Tom Fazio
and the team of Jay Morrish and Tom Weiskopf; over the last 10 years they have
accumulated the most money by designing courses and, more importantly, have
generated the most real estate dollars for developers. The five most expensive
golf communities in the United States are: the Preserve in Carmel, Calif. (Tom
Fazio design); Seven Canyons, Sedona, Ariz. (Tom Weiskopf); the Club at Hokulia
in Kona, Hawaii, Mayacama in Santa Rosa, Calif., and the Bear’s Club, Jupiter,
Fla. (all by Jack Nicklaus).
Florida ranks number one in the United States
for golf course communities, with 514; second is Texas, with 218; third is
California, with 208. But since real estate values in California have far
outstripped the rest of the country, a golf course home in the West is now worth
95 percent above the national average.
“No one understands why golf course
real estate works,” says Hegarty. “It just does.”
Adele Cygelman,
editor
collection@robbreport.com
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