This five-bedroom, four-bath property in Ardmore is listed at $40,000 a month, and while that is rather on the prohibitive side for many, it has some real merit. First of all, the street name–Golfview Road–inspires confidence. As well it should: the 6,000-square-foot home is right on the 7th hole/8th tee (no idea what that means, but it’s apparently a good thing) with multiple balconies and a patio for clear views.
There’s also a hospitality suite, for those who like to be hospitable, and daily cleaning service. The price is $40,000 per month, but that will surely get amortized depending on length of stay.
The 2013 USGA Open Championship will be held at the Merion Golf Club this year, and that means many overnight guests will come for at least a week in June and need places to stay–including odds-on favorite Tiger Woods. Savvy Main Line property owners are taking advantage of the influx of moneyed spectators by charging unfathomable (though obviously quite plausible) rental prices, some of them just for a driveway or lawn. As with other large sporting events, the closer the home is to the venue, the higher the price, but with golf, there’s a little wrinkle as its fans like to stay on the venue if possible. So the homes that charge the most are on the golf club grounds.
Photo: Laura Kicey
It took Dr. Michael Toaff and his wife five minutes to decide they were going to buy Albert Barnes’s Merion estate in 1988. That was all the time the owner would allow for them to make up their minds. “She had a watch,” Toaff said. “I ran through the house.” He made an offer for $5,000 more than the asking price on the spot. He also waived mortgage contingencies. At more than 10,000 square feet on two of the four stories alone, that’s quite a dash.