Tiger Woods must have a pretty high credit score.

The Web page TMZ is reporting that the most recognizable athlete in the world has taken out a $54.5 million mortgage to enable him to build a new compound on Florida’s Jupiter Island (up the coast from West Palm Beach).
Tiger Wood’s new digs will include a really swell fitness room and a practice golf course – we all know by now that his swing needs a little work.
TMZ reports Tiger intends to pay off the mortgage by January 2016.
Would any Steamboat mortgage lenders like to weigh in on what the monthly payments (including escrow of course) on Tiger’s mortgage will be?

Timbers Resorts, developer of One Steamboat Place in Steamboat Springs among other resorts, has announced its partnership with Kiawah Development Partners (KDP), master developer of Kiawah Island and other premier golf course communities.

Timbers Resorts will launch and oversee the new private residence club at Doonbeg in County Clare, Ireland called The Links Cottages at Doonbeg. The Links Cottages will allow residential interest ownership in one of Europe’s most desired golf and lodging destinations, with a setting featuring five-star services and amenities.

With The Links Cottages now a Timbers Resorts Residence Club, owners may enjoy residential interest ownership on Ireland’s stunning southwest coast which also allows membership in the prestigious Doonbeg Golf Club plus access to the idyllic locations that the Timbers Collection offers.”

Easily accessible from Shannon airport, Doonbeg is set along one and a half miles of crescent-shaped beach and may be the last true links course built in Ireland and Great Britain. Designed by two-time British Open champion Greg Norman, the course was named Golf Digest’s “Best New International Course” in its opening year. The Links Cottages at Doonbeg are located near the Lodge, which gives owners access to all of the resort amenities including dining venues from renowned chef and lead judge of Bravo’s “Top Chef” Tom Colicchio, the culinary force behind New York City’s Gramercy Tavern and Craft, an acclaimed spa designed by award-winning.

Membership in the private golf club with purchase, assures full access to the course and members club areas.

Comprising an average of almost 3,000 square feet, each of the eight cottages offers four bedrooms and living space designed in a country style. Owners will enjoy waxed limestone slab and wide-plank old oak floors, timber casement windows, two gas-burning fireplaces, carpets in natural fabrics and reclaimed wooden beams throughout. The launch price per deeded interest is €165,000 or $235,000.

A storied Jackson Hole, Wyo., ranch that was listed for sale at $25 million in 2006 has sold for something closer to $7.8 million (the most recent asking price).
The 225-acre Puzzleface Ranch sits along Highway 22 between the town of Jackson and Highway 22, not far from the Snake River. It was named for a legendary outlaw. The final sale price has not been reported.
The ranch has a conservation easement on it and trumpeter swans congregate in a large pond there.
According to an article in the Jackson Hole News and Guide by reporter Cara Rank, the ranch was used as a helicopter pad in 2003 when several Blackhawk helicopters were being used to ferry then Vice President Dick Cheney around the Grand Teton area during a summer vacation.
The new owner of Puzzleface Ranch is a Henderson, Nev., man.

Only a handful of new single-family homes are being built in Routt County this summer, but a Southern California couple are planning one of the most ambitious. The house on Lindley Lane, south of Seedhouse Road near Clark, has a permit value of $1.78 million.

The Routt County Regional Building Department reports that the Torian Plum Homeowners Association is preparing to undertake one of the biggest commercial projects of the season when it repairs and waterproofs its parking structure.
The value of the building permit is $825,220.
The parking garage has always been disguised by a grass lawn on its roof. Watch to see if the Torian homeowners make improvements consistent with the public ski base improvements related to the new promenade.

Steamboat Village Brokers. Ltd. is pleased to announce that Heather Ruggiero has joined their real estate team as a full time real estate broker.  

Ruggiero moved from New York to Steamboat in 1994 and has been in real estate sales since 2003.  
“We are very excited to have Heather join Steamboat Village Brokers.  Her experience, professionalism, and market knowledge are an asset to her clients, and are a perfect fit with our team.  We are privileged and proud that she has joined our firm,” said David Baldinger, Jr., managing broker and owner of Steamboat Village Brokers.  

Ruggiero can be reached at 970-879-7800 ext. 105

Rick Petet of Steamboat Shoe Market confirmed Tuesday that he and his wife, Linda, are the individuals behind Petco LLC, the buyer last week of 908 Lincoln Avenue.

The Petets plan to open a second shoe store, Goodie 2 Shoes, in their newly purchased real estate, which is right across from their current store, which they lease at 907 Lincoln.

I’ve been looking out the window at the building for a long time,” Rick Petet said.

They paid $370,000 for the 1,700-square-foot building.

Although the Petets have plans to open Goodie 2 Shoes by Nov. 15 with a line of footwear that is distinctly different from what they offer at Steamboat Shoe market, Petet acknowledged that what he and his wife are doing is hedging their bets by owning their own real estate. He explained that they recently signed a new five-year lease with an escape clause that becomes available after 2.5 years.

They’ll evaluate how both stores are doing in a couple of years and decide whether to continue running both or consolidate in their own real estate.

The storefront at 908 Lincoln, which most recently housed Gallery 11, appears quite small from the outside Petet agreed, but is 100 feet deep and has more wall display space than his location. Plus, the upstairs apartment will be converted to a storage area.

Read more details in the Aug. 26 edition of Steamboat Today.

The National Association of Realtors is pinning dismal sales of existing homes in July on a natural slowing of demand in the wake of the end of federal tax credits for first-time buyers.
Sales are at the lowest level since the total existing-home sales series launched in 1999, and single family sales – accounting for the bulk of transactions – are at the lowest level since May of 1995, NAR reported Aug. 24.
Existing home sales dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July from a downwardly revised 5.26 million in June, and are 25.5 percent below the 5.14 million-unit level in July 2009.
Lawrence Yun, NAR chief economist, said a soft sales pace likely will continue for a few additional months. “Consumers rationally jumped into the market before the deadline for the home buyer tax credit expired. Since May, after the deadline, contract signings have been notably lower and a pause period for home sales is likely to last through September,” he said. “However, given the rock-bottom mortgage interest rates and historically high housing affordability conditions, the pace of a sales recovery could pick up quickly, provided the economy consistently adds jobs.

The online auction of Clock Tower Square and Xanadu Condominiums at the base of the Steamboat Ski Area begins Tuesday, Aug. 24 and continues on Wednesday at realtybid.com.
The minimum bid is $3.8 million.
Steamboat developer Jamie Temple and partner Colgate Holmes were seeking city approval to build 201 condominiums, a spa and commercial space on the site until it was foreclosed on. the property was listed for sale by the developers for $15 million in 2009. Mile High Banks foreclosed on the property.