Tiger Woods will make his debut as a designer in fall of this year with the opening of the 71-par El Cardonal golf course, located at the southern tip of the Baja Peninsula in the Diamante Cabo San Lucas resort, where luxury is the norm and every amenity is at your fingertips.
“The golf courses and beaches of Los Cabos are luring Americans who are able to get home-equity loans to buy in Mexico as U.S. housing prices rise,” reports Bloomberg. “The resort comprises 1,500 acres of coastline and sand dunes and already includes a golf course designed by PGA Champion Davis Love III,a lagoon for water sports and an equestrian center.”
Workers began laying grass on the fairways of Woods’ El Cardonal in early May 2014, according to the 14-time major world champion. According to his blog, the course is characterized by holes that require strategic shots and was influenced by courses Woods played often while growing up and perfecting his technique.
“There are going to be different ways to play each hole,” shared Woods. “Angles of approach are going to be very important and will dictate the type of shots you should consider. I love this kind of golf.”
Woods plans to finalize the shaping on the final few holes by mid-June and gushes that he is “thrilled with how it’s turning out,” promising to share photos from his upcoming visit on his blog. Reminiscent of the old-style California courses Woods played back when he was still an up-and-coming athlete,El Cardonal makes good use of existing arroyos, or canyons, which crisscross the entire site, and has also included well-placed bunkers on the fairway to provide plenty of risk-reward opportunities for players to enjoy off the tees.
“I set up the golf strategy to make golfers think and make choices,” Woods shared on his blog. “Regardless of your handicap, there are going to be different ways to play every hole.”
Interestingly,Bloomberg also reports that many of the buyers interested in Cabo real estate are from California and are looking at condos, villas and estates that range widely in price from less than $200,000 to more than $7 million. Now is the best time to buy, since prices are still quite low and provide investors with an excellent opportunity to take advantage of the market.
“American buyers in Mexico are benefiting from the decline in the costs of credit lines, which have adjustable rates tied to the prime rate,” writes Bloomberg. “The home market in resort areas such as Puerto Vallarta and Cabo is getting a boost from international buyers."
The Diamante Cabo San Lucas resort where Woods’ new El Cardonal course is located offers breathtaking views of the Pacific Ocean at every turn and boasts luxurious golf villas with four bedrooms, five bathrooms and a large living room that opens to a terrace. Properties also feature a golf cart garage and are built with an open courtyard design, much like Mexico’s traditional haciendas of yesteryear.
“Mexico home prices rose 5 percent in the first quarter of this year from a year earlier,” writes Bloomberg. “Visitors to Cabo San Lucas enjoy the rugged Pacific Ocean to the west and the calmer waves of the Sea of Cortez to the east. The coastal region has long drawn scuba divers. It has such a large diversity of fish, sharks and other ocean inhabitants that the late deep-sea explorer Jacques Cousteau called it ‘the world’s largest aquarium.’”
Have you ever played golf at one of Mexico’s many world-class courses? If so, share your experiences with other readers in the comments section below!