GO EK'S ULTIMATE GUIDE TO COURSE LIVING AND GREAT ESCAPES • 2014 ECONOMY CLASS DEVELOPERS ARE SEEING BIGGER DEMAND FOR SMALLER GOLF HOMES

BY EVAN ROTHMAN Until t h e ~ ast recession, residential golf - many brought about by the most recent homes foVowed the same seemingly recession - now have come together to bring unstoppable trajectory as drivers, namely, about a self-imposed rollback on square feet, "bigger is Better." The U.S. Golf Association particularly in term s of secondary residences. ultimately stepped in to limit drivers' cubic Dale Schossow, broker associate with centimet'ers. Developers say that changing Fuller Sotheby's International Realty, is consumer finances, attitudes and priorities the exclusive broker for the at

24 GOLFWEEK ' S ULTIMATE GUIDE consumers looking for smaller homes­ not necessarily having the biggest home on primary, second or otherwise - represents a the block. There has been a shift away from fundamental, long- term change. He ascribes decadence to self-awareness. Decisions are th is demand to lifestyle sh ifts as well as rooted in the emotion of having somethi ng financial considerations. fo r the family, somet hing that makes sense " Retirees are st ill golfing and skiing later in size, price and in a high ly desi rable area." in life , but they also go places and are more Time and again, real estate executives interested in time. both with their families say family concerns guide buying decisions. and their lifestyle," he says. "That shift For example, the great rooms where fami ly in priorities is a new mindset, and it 's the members can congregate at home remain prevalent thought among today's buyer." ''high on most buyers' wish lists," says Despite the recent rebound in personal Darlene Mohlke, vice president of sa les and portfol ios, Schossow has found buyers have marketing for Castle & Cooke, wh ich owns become "less cavalier" about their spending Saddle Creek Resort in Copperopolis, Calif. and more concerned wi th risk management. But elsewhere in the home, Mohlke says, Jim Matoska, executive vice president of buyers are making a tradeoff, passing on sales and marketi ng for Schaffer's Mi ll in extra space that will get little or no use. In Truckee, Calif.. the redevelopment of a amen it y-rich golf communities. some home fai led project for merly known as Timilick, options are not just expensive, but redundant. shares that assessment. So Mohlke sees many buyers scaling back '' In the last two yea rs, most folks that and looking for a "lock-and-leave home" that visit are request ing homes less than 3,000 takes less of a toll on budgets. square feet ," Matoska says. "Those people "They 're saying to themselves, 'Do I who came out of the real-estate slump that really need that extra bedroom?'" Mohlke began in 2008 still with the ability to look says. "Or, ' Is it tr uly necessary to have that at second homes basically had a wake-up library or study in a vacation home? ' " call. They realized what was important was Todd Campbell. general manager of having something the fami ly can all use, Forest Dunes Golf Club in Roscommon,

Rave nna in southwest Denver. This 684- acre property, opened in 2006, has a Jay Morrish-designed course. The club, which has three homes and 1661ots on the market, recently has begun to develop smaller units, including 54 lux ury custom villas that weren't part of the original plan. ''There are 10,000 people turning 65 every day for the nex t 19 years- people who are acti ve longer, represent a huge amount of saved investment and wealth, and showing up as buyers in the market right now," Schossow says. "They are asking fo r a smaller product that they didn't ask for in the last five to 10 yea rs. They no longer want a large home." Schossow believes the sheer number of

GOLFWEEK ' S U LT IM ATE GUIDE 25 a short-term trend fo r many discrim inati ng "If the communit y has access to a wide second-home buyers." variety of recreational and social amenities, Cordillera Ranch in the Texas Hill people will select product that corresponds to Country historica ll y has been a primary- fa mily size versus in -home amenities," he says. home community, but its Di Lusso Villas "Our communities tend to be more famil y- has raised interest in second-home product, oriented, so making sure that the home can according to director of real estate sales accommodate fami ly and friends has been Barry Denton. Denton has found that more important." these buyers are more concerned with the As fo r developer-built product. Adelson amenit ies and lifestyle offered- as well says that whereas a decade ago buyers were as security and smart-home/smart-device looking fo r something "down the road," connectivity - than the home's size. today they want to reduce move-in time.

Mich., which recently ha s sold six homes in the I ,800-2,400-square-foot range and is bui lding three more of about 2,200 square feet , has fo und budgets to be at the core of the issue. "Consumers are attempting to make thei r money stretch further. realizing that more is not always best," Campbell says. " People are using common sense much more now since the recession ." Price-sensitivit y is certainly a consideration, says Dan Whalen, new­ home sales manager for Beverly- Hanks. the brokerage for The Fit zgerald at Grove Park Inn in Asheville, N.C., which has sold all but four of its 24 condos, averaging '·Our villa product has been very popular ··we see people va luing time more than approximately 2,100 square feet. Whalen wit h this cl ientele because of its close money in Discovery communities," he says. notes that even buyers who can afford proximity to al l of the amenities of The Clubs " People are defi nitely more cautious, but they more st ill want to spend less, with a dash of of Cordillera Ranch," he says. "People want still wa nt a home that works for them." uncert ainty about the economy tempering convenience to amenities while they're here Matoska sees an emerging practical it y a feeling of increased confidence versus two and peace of mind when they're away." among buyers who have decided they or three years ago. Nonetheless, he argues Discovery Land Co. is one of the country's "don't need to pay for a lot of space they that it 's a mistake to read too much into leading luxury developers, wit h properties infrequently use, and at considerable cost." the current vog ue for reduced vacation­ that include Mountaintop in North Carolina, "We deal wi th customers th at can afford home size. Gozzer Ranch in Ida ho. and Hawai i's Kukio. the best of the best. and sti ll elect to go "Many developers continue to design Steve Adelson, a Discovery partner. says that smaller and more sensible," he sa id . "After and develop smaller footprints with a high while more people may be looking at entry­ a ll , the decision-making ability that put them level of fi nishes - that's what prospects level product in the company's communities, in a category where they can afford a second are asking for," says Whalen, noting that the demand for larger, developer-built product home is also what tells them a real estate The Fitzgerald is often a third or fourth remains st rong. In his experience. buyers are purchase still has to be prudent." 0 residence fo r it s buyers. " History repeats looking for immediate use or quick semi­ it se lf. If things continue to improve as th ey custom bui lds, with the size of the home less £van Rothman is a freelance wrirer have in the last 12to 18 months, this will be important than the efficiency of the design . from Staarsburg, N. Y.

26 GOLFWEEK ' S ULTIMATE GUIDE 1. (I) WADE HAMPTON CLUB Cashiers, N .C., 1988 Tom Fazio Avg. rating: 7.93

2. (2) ROCK CREEK CATTLE COMPANY Deer Lodge, Mont.. 2008 Tom Doak Avg. rating: 7.89

3. (3) HUNTSMAN SPRINGS> 102 Driggs, Idaho, 2009 David Mclay Kidd Avg. rating: 7.66

4. (4) SHOOTING STAR Teton Village. Wyo .. 2oog Tom Fazio Avg. rating: 7.63

5. (5) GOZZER RANCH Arrowpoint. Idaho, 2007 Tom Fazio Avg, rating: 7.50

6. (7) CASTLE PINES Castle Rock, Colo., 1981 8. (10) OAK TREE NATIONAL 10. (8) MAYACAMA Jack Nicklaus Edmond, Okla .. 1975 Santa Rosa . Calif.. 2001 Avg. rating: 7.48 Pete Dye Jack Nicklaus Avg. rating: 7.37 Avg. rating: 7.32 7. (6) COLORADO GOLF CLUB Parker, Colo., 2007 9. (12) MARTIS CAMP 11. (13) PRONGHORN (FAZIO) Bill Coore. Ben Crenshaw Truckee. Calif.. 2007 Bend, Ore., 2006 Avg. rating: 7.47 Tom Fazio Tom Fazio Avg. rating: 7.36 Avg. rating: 7.31

8 4 GOLF\VEEK 'S U LTIM ATE GU ID E 14. (IS) ESTANCIA 29. (29) STONE CANYON Scottsdale. Ariz .. 1995 Tucson, Ariz., 2000 Tom Fazio Jay Morrish Avg. rating: 7.19 Avg. rat ing: 6 .88

15. (19) LONG COVE CLUB 30. (25) THE PRESERVE Hilton Head Island. S.C . 1982 Carmel Valley. Calif.. 2000 Pete Dye Tom Fazio Avg. rating: 7.14 Avg. rat ing: 6.88

16. (17) MOUNTAIN LAKE 3 1. (30) FREDERICA LakeWales,Fia .. 1917 St. Simons Island. Ga. 2004 Set h Raynor Tom Fazio Avg. rating: 7.12 Avg. rat ing: 6.86

17. (16) FOREST HIGHLANDS (CANYON) 32. (14) DIAMOND CREEK Flagstaff, Ariz., 1989 Banner Elk, N.C., 2003 Jay Morrish. Tom Weiskopf Tom Fazio Avg. rating: 7.10 Avg. rat ing: 6.85

18. (22) THE RIM 33. (33) GOLF CLUB OF RAVENNA Payson, Ariz., 1998 Littleton, Colo., 2007 Tom Weiskopf Jay Morrish Avg. rating: 7.09 Avg. rat ing: 6.84

19. {18) PAA-KO RIDGE 34. (55) DALHOUSIE GOLF CLUB> 94 Sandia Park. N .M, 2000 Cape Girardeau. Mo., 2002 Ken Dye Jack Nicklaus Avg. rating: 7.07 Avg. rat ing: 6.82

20. {20) CUSCOWILLA 35. (35) THE TERRITORY GOLF Eatonton, Ga., 1998 AND COUNTRY CLUB> 94 Bill Coore, Ben Crenshaw Duncan, Okla., 2005 Avg. rating: 7.06 Randy Heckenkemper Avg. rat ing: 6.80 21 . (24) CONCESSION GOLF CLUB Bradenton, Fla., 2006 36. (32) FOREST CREEK (NORTH) Jack Nicklaus Southern Pines, N.C., 2005 Avg. rating: 7.04 Tom Fazio Avg. rat ing: 6.77 22. (27) JUPITER HILLS CLUB (HILLS) Tequesta. Fla .. 1970 37. (34) BLACK ROCK George Fazio Coeur d'Alene. Idaho. 2003 Avg. rating: 7.04 Jim Engh Avg. rat ing: 6.75 23. (23) LAHONTAN Truckee. Calif.. 1999 38. (38) QUINTERO Tom Weiskopf Peoria. Ariz .. 2000 Avg. rating: 7.03 ReesJones Avg. rat ing: 6.74 24 . (26) KIAWAH ISLAND (CASSIQUE) Kiawah Is land. S.C . 2000 39. (44) STONE EAGLE Tom Wat son Palm Desert, Calif., 2005 Avg. rating: 6.98 Tom Doak Avg. rat ing: 6.74 25. (28) FOREST DUNES Roscommon, Mich., 2003 40. (31) BRIGGS RANCH Tom Weiskopf San Antonio, 2001 Av9. rating: 6.95 Tom Fazio Avg. rat ing: 6.74 26. (39) JOHNS ISLAND WEST Vero Beach. Fla .. 1989 41. (36) SOUTHERN HIGHLANDS Tom Fazio Las Vegas. 1999 Avg. rating: 6.94 Robert Trent Jones Jr. Avg. rat ing: 6.73 27. (NR) THE MADISON CLUB' La Quinta. Calif .. 2006 42. (62) CURRAHEE CLUB> 92 12 . (9) MOUNTAINTOP Tom Fazio Toccoa. Ga .. 2004 Cashiers. N.C .. 2007 Avg. rating: 6.93 Jim Fazio Tom Fazio Avg. rat ing: 6.73 Avg. rating: 7.26 28. (21) BLACK DIAMOND RANCH (QUARRY) Lecanto, Fla., 1988 43. (58) SPRING ISLAND (OLD TABBY ) 13. (11) PATRIOT GOLF CLUB Tom Fazio Okatie, S.C ., 1994 Owasso. Okla .. 2010 Avg. rating: 6.90 Arnold Palmer. Ed Seay Robert Trent Jones J r Avg. rating: 6.73 Avg. rating: 7.26

G OLFWEE K 'S U LT I MAT E G U I DE 85 RESIDENTIAL COURSES

44. (41) THE STOCK FARM 59. (42) OLDE STONE 74. (64) BLACK CREEK Hamilton, Mont., 1999 Bowling Green. Ky.. 2006 Chattanooga, Tenn .. 1999 Tom Fazio Arthur Hills Brian Silva Avg. rating: 6 .72 Avg. rating: 6.56 Avg. rating: 6.40

45. (37) PROMONTORY (PAINTED VALLEY) 60. (67) THE GLACIER CLUB AT TAMAR RON 75. (63) SPRING CREEK Park City. Utah. 2007 Durango, Colo., 1975 Zion Crossroads, Va., 2006 Jack Nicklaus Arthur Hills Ed Carton Avg. rating: 6.69 Avg. rating: 6.55 Avg. rating: 6.39

46. (46) CORDILLERA RANCH 61 . (NR) RAINMAKERS" 76. (NR) MIRABEL CLUB" Boerne, Texas. 2007 Ruidoso, N .M., 2008 Scottsdale, Ariz., 2001 Jack Nicklaus Robert Trent Jones Jr. Tom Fazio Avg. rating: 6.63 Avg. rating:6.55 Avg. rating: 6 .38

47. (48) LAKE LAS VEGAS (SOUTHSHORE) 62. (60) TALISKER CLUB AT TUHAYE Henderson, Nev., 1996 Tuhaye, Utah. 2005 Jack Nicklaus Mark O'Meara Avg. rating: 6.63 Avg. rating: 6.54 Fiddler's Creek 48. (47) GLENWILD 63. (78) WINCHESTER GC Naples, Florida Park City, Utah, 2001 Meadow Vista. Calif., 2000 Tom Fazio Robert Trent Jones Jr. Avg. rating: 6.63 Avg. rating: 6 .48

49. (51) RED LEDGES 64. (73) ISLEWORTH Heber City, Utah, 2009 Orlando, Fla., 1986 Jack Nicklaus Arnold Palmer, Ed Seay, Steve Smyers Avg. rating: 6.63 Avg. rating: 6.48

50. (54) SPANISH OAKS 65. (52) THE QUARRY AT LA QUINTA Bee Cave. Texas. 2002 La Quinta, Calif., 1994 Bobby Weed Tom Fazio Avg. rating: 6 .62 Avg. rating: 6.48

51. (79) CLIFFS AT KEOWEE VINEYARDS 66. (88) VICTORY RANCH Sunset, S.C., 1999 Park City, Utah, 2009 Tom Fazio Rees Jones Avg. rating: 6.60 Avg. rating: 6.46

52. (43) CLUB AT CARLTON WOODS (FAZIO) 67. (69) THE GREENBRIER The Woodlands, Texas, 2004 SPORTING CLUB (SNEAD) Tom Fazio White Sulphur Springs. W.Va .. 2004 Avg, rating: 6.59 Tom Fazio Avg. rating: 6.45 53. (50) FOREST CREEK (SOUTH) Southern Pines, N.C., 1996 68. (NR) BLACK ROCK" Tom Fazio Hingham, Mass., 2002 Avg. rating: 6.59 Brian Silva Avg. rating: 6.45 54. (40) POWDER HORN Sheridan. Wyo .. 1997 69. (NR) HAMMOCK DUNES (CREEK)" Dick Bailey Palm Coast. Fla., 2003 Avg. rating: 6.59 Rees Jones Avg. rating: 6.43 55. (45) THE BEAR'S CLUB Jupiter, Fla .. 2000 70 . (66) BRIAR'S CREEK 77. (75) FOREST HIGHLANDS (MEADOW) Jack Nicklaus John's Island, S.C .. 2001 Flagstaff. Ariz .. 1999 Avg. rating: 6.58 ReesJones Jay Morrish, Tom Weiskopf Avg. rating: 6.43 Avg. rating: 6.38 56. (53) TETHEROW Bend, Ore .• 2008 71. (93) REYNOLDS PLANTATION 78. (59) SOMER BY GOLF CLUB David Mclay Kidd (GREAT WATERS) Byron, Minn ., 2004 Avg. rating: 6.57 Greensboro. Ga .• 1992 John Fought Jack Nicklaus Avg. rating: 6.38 57. (56) ESCONDIDO Avg. rating: 6.42 Horseshoe Bay, Texas, 2006 79. (74) REDLANDS MESA Tom Fazio 72. (70) THE CLUB AT IRISH CREEK Grand Junction. Colo .. 2001 Avg. rating: 6 .57 Kannapolis, N.C .. 2007 Jim Engh Davis Love Ill Avg. rating: 6.36 5 8 . (61) DESERT HIGHLANDS Avg. rating: 6.42 Scottsdale. Ariz .. 1984 80. (83) TRADITION AT LA QUINTA Jack Nicklaus 73. (57) THE CLUB AT La Quinta, Calif., 1998 Avg. rating: 6.56 CARLTON WOODS (NICKLAUS) Arnold Palmer, Ed Seay The Woodlands, Texas, 2001 Avg. rating: 6.35 Jack Nicklaus Avg. rating: 6.41

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