Featured Golf News
Work Begins on Residence Club at Stone Eagle
Lowe Destination Development has announced today that construction has begun on the Residence Club at Stone Eagle in Palm Desert, Calif.
The Residence Club at Stone Eagle is located close to the clubhouse site. It will offer non-resident members and their guests the opportunity to stay within the confines of the club without having to purchase a full ownership home. It consists of three fully furnished casitas, including a pair of two-bedroom and one four-bedroom residence, and a private pool available exclusively for owners. Ownership is being offered in shared ownership interests. Owners can schedule three weeks of planned stay in-season (November-May) and may schedule additional time on a space available basis. Each residence comes fully appointed with furnishings and conveniences. Pricing for an ownership interest in a two-bedroom casita at the Residence Club starts in the high $200s. For a four-bedroom casita, pricing for an ownership interest starts in the high $400s.
"The Residence Club is ideally suited for people who enjoy the desert lifestyle and the many amenities of the Coachella Valley, and seek a turnkey, low maintenance residential ownership option," said Ted Lennon, President, LDD Desert Development, Inc. "Together with the golf club's special non-resident membership category, the Residence Club provides a rare opportunity to be a part of a world-class golf club and residential community without spending millions."
For more information about Stone Eagle, call 760/773-6223 or visit www.stoneeagleclub.com.
Lowe Destination Development is a wholly owned subsidiary of Los Angeles based Lowe Enterprises. Over the past 33 years, Lowe has developed, acquired or managed more than $7 billion of real estate assets nationwide. Through Lowe Destination Development, Lowe's hospitality and resort community development subsidiary, the firm has developed The Reserve, a private golf community in Indian Wells, Calif., and the Terraces at The Vintage, also in Indian Wells. Lowe is currently developing in excess of $2 billion of hospitality properties nationwide, notably the 1,040-acre Grizzly Ranch in Portola, Calif., and the 6,000-acre Suncadia near Roslyn, Wash.