This $350 Million Golf Resort Built By A Former Greeting Card Mogul Is One Of America's Best

Рет қаралды 185,089

Күн бұрын

Mike Keiser turned a patch of coastal Oregon into Bandon Dunes, the unlikely home of some of the world’s best golf courses. Now he’s expanding the resort with a simple strategy: If he builds it, they will come.
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0:00 Introduction
1:21 All About Mike Keiser's Golf Investment- Bandon Dunes
5:55 Mike Keiser's Upbringing And Inspiration To Build A golf Course
9:23 Keiser Meets A Designer That Changes The Game
10:26 How Bandon Dunes Set Itself Apart From The Competition
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Пікірлер: 105

@johnedgar5397 Ай бұрын

I’m a huge fan of Bandon, absolutely love it, have nothing but good things to say about it, have recommended it to dozens of people and would love to go there every year, but for Mike to say it’s affordable, he’s out of touch with what’s affordable (and I say that with all due respect). Comparing your price to the price at Pebble Beach is ridiculous and just a way to justify what you are charging. As mentioned Bandon is booked 18 months, or more, ahead so people are paying the price. Good for them. It’s a huge success and congratulations but please don’t say it’s affordable, at least not for the average working person.

@Mav0585 Ай бұрын

Yea that was my thought if it was “affordable,” it would be packed

@jameshayashi2378 Ай бұрын

If it has an 18 month waiting period they could probably increase the price quite a bit and still be fully booked ……I agree $1400 for foursome is really stretching what “affordable” is

@le9335 5 күн бұрын

it IS packed. They are fully booked every day. I think when they say affordable, it’s not on playing a single round compared to other public courses (the pebble comparison was not said by him, it was by the Forbes guy), rather the comparison is to private courses that cost $60k-$250k to join and monthly dues over $2k/mo. This course is very affordable if you want to spend $3k on a golf trip and play several rounds of golf. If it was a $20 muni you wouldn’t be able to get a tee time for 20 years.

@IronsSharpenIronsGolf Ай бұрын

I love Bandon. Each year the rates continue to climb, however. $350 this summer is turning into $370 in 2025 (on their website). If you’re an Oregon resident (👋) there’s no discounted rate in the summer which makes the courses completely unaffordable. It’s $400 which will go up to $420 in 2025 (also on their website). Bandon has a lot to offer, and supply and demand means they can charge more, but they need to reassess the definition of affordable golf, especially for those living in Oregon.

@michaelkim9640 Ай бұрын

problem with the thesis is bandon is not affordable anymore

@ryanjordan1083 Ай бұрын

Not true. I've gone in the winter the last few years and played all 4 courses for the cost of 1 round at Pebble or half of one round at TPC Sawgrass.

@joellahrman4557 Ай бұрын

It's not cheap, especially when you factor in the travel. But as a resort it's affordable. The $350 he mentions is peak season rate, and your second round of the day is half that (most visitors play 36 a day). It's golf weather year round though. I've gone twice, both times in March. Currently March rates are $175/$90 replay, and there is plenty of daylight for 36.

@davidhaworth7152 Ай бұрын

Not for most of us.

@yeetymcyeetersson1639 Ай бұрын

Name a single golf resort even CLOSE to the quality of Bandon Dunes that would be considered “affordable.” I agree that word is a stretch when talking about Bandon, but you gotta admit the off season rates make this probably the best pound for pound golf resort in the world

@tyb3938 Ай бұрын

This place is special, no pretense, amazing food for very reasonable prices and a practice facility second to none. Spending another two weeks there this July so our son can dial his game on the practice facility

@rockrugbyref Ай бұрын

I played Pacific Dunes in 2013. It was the experience of a lifetime, down to the bartender. The caddie was expert, the greeter was so generous. He knew my name when I stepped out of my car. Bannon is magical.

@robertocontreras86 Ай бұрын

Got to visit Bandon this past May....what a beautiful place. Can't wait to go back in 2 years.

@brocklambert Ай бұрын

Played Bandon and Pacific as guests of Mike’s back in 2002 when there wasn’t much there other than a couple golf courses and a trailer for a golf shop. Amazing to see the property today and look forward to getting to some of his Cabot properties this summer.

@tomstreet8772 Ай бұрын

Hello Mike, We met several years ago in Buffalo. Our father's worked together at Hugh Johnson and Co. Congrats on your success!!

@paulgilliland2992 Ай бұрын

I played at Bandon Dunes and you’ll be hard pressed to get out of there for less that $1000.00in peak . This yarn doesn’t tell the full story . Maybe if you bring a mobile home and sleep in the parking lot if they’ll let you because there’s literally no place to stay . It’s so far from any place with hotels and food , drink . A caddy is essential at $150 minimum . When you’re on these premises you’re literally captive guests. Now the golf can be amazing or miserable depending on the weather. I’d probably not go back because there are loads of resort style golf courses that allow non guests all the way up the California coast.

@WesternGolfAlliance Ай бұрын

Went in 2008, returning this July. In between we have played most of the 'great' golf destinations, and Bandon remains THE best of them all.

@jimmyjohn98 Ай бұрын

Love that man, so lucky I get to call this place home and walk these courses every day.

@huffm.3325 Ай бұрын

Thank you Mike! It is affordable for most budgets if you go during the off season. It is so nice to have access to some of the best courses in the world. Mike is tuned in to the Nature of the Game. Thank you!!

@Pseudify 4 күн бұрын

There’s plenty on my bucket list right here in the Midwest, where I’m from.

@sutats Ай бұрын

Lovely course.

@piercegore4302 Ай бұрын

Gorgeous, inspiring, genius. God bless Mike Keiser.

@leewhite82 Ай бұрын

"Golf should be open to all and affordable" $350 green fee!

@dude4173 Ай бұрын

He thinks that’s affordable to everyone cause he’s a billionaire who knows nothing outside of his gated community and rich friends lol

@davidhaworth7152 Ай бұрын

Many thanks Mr Keiser. The world needs more of your ilk.

@mack-uv6gn Ай бұрын

Got to make the trip

@Jive33 Ай бұрын

I caddied there for almost ten years. It’s golf heaven.

@davidhaworth7152 Ай бұрын

More Mike Keisers please 😊

@grahamsampson769 Ай бұрын

Smart man with a vision -- and wise enough to hire professional golf course architects.

@NatashaMris Ай бұрын

Hello Sampson, I really like your profile picture and if you let me, I would make such an amazing mural out of it! If you don’t mind one of your post could be my inspiring muse for an art project i’m working on for a client. You will totally get paid for it as well as a bonus also get credits. I was thinking about using this your picture from your profile for the art piece if that’s fine by you?

@babagadoush1 Ай бұрын

Love this. Really cool of him

@dwaynekoblitz6032 Ай бұрын

A brilliant person can give credit where it's due. That's humbleness.

@alksjda Ай бұрын

Need to play here someday

@bertraminc9412 7 күн бұрын

Wonderful.

@jannichi6431 Ай бұрын

Michiganers are aware of the best secret of American beauty, inside and out. People resources too! Happy 19th guys🥰

@kj529 Ай бұрын

Rates start at $140 per in January for non residents but who wants to play in 40 degree weather? There is no carts so there goes another $150. If you are staying there the so called reasonable fees become about the same as Pebble Beach all in after a few days. It looks amazing and I will cough up the dough at some point but I'm not buying the benevolence for the common man sub story!

@williamturner1517 17 күн бұрын

Dunes is not Bandons only golf course. Just south of town is a spectacular course for $60. Per round.

@MikeinAustin Ай бұрын

Mike is wringing as much cash as he can out of Bandon, but he knows how to write a sappy greeting card. Sand Valley in Wisconsin is $295 in the high season in Neekosa, WI. “I care about the environment” was not part of the development process, but “sustainability” is important. Bandon is nice but it’s not Pebble Beach and to compare the two is like Toyota comparing themselves to a Ferrari. Once at Bandon, you’re stuck. It’s not cheap at all for anything. A $15 bottle of wine in town is $70. It’s for mid range executive buddy golf trips. It’s a very fun course though.

@SlParkerlee Ай бұрын

This is my fifth year after retirement. I’ve been following the 4% rule thing, but this isn’t really how hard I expected things to be. I still have about $146,000 outside funds in my IRA to invest. Pls how do I take advantage of this?

@andbeyondd Ай бұрын

Now you are retired and depend on your investment, it’s best you redistribute your capital. To simplify the process, you could allocate your resources with the help of a financial advisor.

@biankabrodeur01 Ай бұрын

I think that is a brilliant idea, I tried managing my stock portfolio by myself and I lost 50% of my savings in a very short period. That prompted me to hire a financial advisor. Since then I have made up to $680K in returns.

@marvelousmotivations5016 Ай бұрын

Love it

@abcdefghi9 Ай бұрын

Id go, but for the beach.

@rockrugbyref Ай бұрын

The beach actually sucks. It's usually extremely cold with whipping winds.

@carsonweekly Ай бұрын

Guys he obviously meant affordable for other rich people. $400 to them is like $4 to us

@ericwright1840 Ай бұрын

He looks like Mr.Rogers.

@thyslop1737 Ай бұрын

Nothing on this interview about his love of golf. Is he a golfer? Does he play? How often? When did he start?

@dude4173 Ай бұрын

1:31 Try listening

@mheib9904 Ай бұрын

i’d love to get comped at Brandon so I can play it please.

@jobbinhard Ай бұрын

Mr Kaiser wearing a Ballybunion top?

@ahmedshaikh3438 Ай бұрын

TIGER WOODS. MOGUL.

@henry3440 Ай бұрын

$350 is affordable? lol

@ericwright1840 Ай бұрын

Mark Twain said about ⛳ golf, a good walk ruined.

@JonathanPoland Ай бұрын

$400 per round during the summer is not affordable for everyone.

@jackmehoff9819 Ай бұрын

I suppose you could start at the local course in your hometown. Think municipal courses until you get a raise. 🤷

@AlanBlackman Ай бұрын

@@jackmehoff9819 Snarky but clueless. Mike keeps saying that it has to be affordable golf and then we find out the prices are insanely high. To be accessible to all, like he claims he found in the UK that inspired him, he should have set the model to be much lower in price.....especially since they rake in millions. You can be snarky all you want but 9 out of 10 regular people can't afford a weekend at Bandon so it's just become another Pebble whether Keiser wants to admit it or not.

@johncorman8715 Ай бұрын

You might go to their website to view the green fee structure. Summer months and even shoulder seasons can be quite high ($350 is the peak fee for a resort guest), but the price descends into the winter where I believe it is now $110 in Dec. & Jan. Spendy, but not out of range for the average golfer. Courses are playable year 'round with the main winter issue being more frequent rain. I've generally been lucky in Jan.-Feb. with occasionally brilliant weather. When you get that, you feel like you're stealing from the summer guests.

@JonathanPoland Ай бұрын

@@jackmehoff9819 🤣🤣 for sure!

@JonathanPoland Ай бұрын

@@johncorman8715 I'd be happy to pay... it was $600 at the Kiawah Ocean Course after tip... but that's not affordable for everyone. Definitely our local muni here in DC is $20-$30, but non-resident at Torrey Pines muni is $250-$300. I love golf. Decent player. Hard to make the sport accessible to everyone.

@geoms6263 Ай бұрын

how does he play golf if his hand shakes so much?

@NotKimiRaikkonen Ай бұрын

Same way Ozzy can sing, but barely speak... It's a different motion.

@StarLight-sl9ok Ай бұрын

Medication probably helps him.

@rockrugbyref Ай бұрын

Are you serious? Have you no shame?

@maboo736 Ай бұрын

He started it 25 years ago. Unfortunately even billionaires age.

@harrybray4956 Ай бұрын

The Forbes magazine article explains that he was always an enthusiastic if middling golfer. Never professed to be a great golfer. Just loves the game. He has Parkinson’s Disease but can obviously still swing a club.

@Tarntydon22 Ай бұрын

Great video but not exactly sure having a piece done in Forbes screams “affordable”…

@freshcoolbutta Ай бұрын

2-300 rounds are affordable lol

@WorldsOkayestGuitarPlayer Ай бұрын

Let’s make it affordable at over $200 a round. That’s ridiculous.

@sidewalkhomes4936 Ай бұрын

Bandon IS relatively affordable if you are willing to play off season and not spring for caddies. I did this past January - $140/round and $70 if you want to play another 18 holes same day. I found a VRBO 1/4 mile from the Sheepranch course for under $100/night. All told, I spent less than $1000 for 3 days of golf on these incredible courses, including lodging. I live a couple hours from Pebble but don't think I will ever play there when Bandon is just a days drive away and off season you can get a tee time.

@JesseBeahm Ай бұрын

It is $400 a round in the summer, not sure its nessesarly affordable, but much of the years its cheaper.

@le9335 5 күн бұрын

Ppl are such whiners. I think when they say affordable, it’s not on playing a single round compared to other public courses (the pebble comparison was not said by him, it was by the Forbes guy), rather the comparison is to private courses that cost $60k-$250k to join and monthly dues over $2k/mo. This course is very affordable if you want to spend $3k on a golf trip and play several rounds of golf. If it was a $20 muni you wouldn’t be able to get a tee time for 20 years.

@seansullivan9995 16 күн бұрын

That’s affordable?

@mikesutton748 Ай бұрын

260,000 rounds per year ? C’mon

@nueat6 Ай бұрын

ala wai a muni golf in Hawaii was once the busiest golf course would do 200,000 easy and that was back in the day. There are more golfers now than ever before. you can't be this simple mike

@thyslop1737 Ай бұрын

Have golfed maybe 40 times in my life do not know the numbers. 260k rounds is unreasonable? Or his he exagerrating?

@rockrugbyref Ай бұрын

There are 5 courses.

@NotKimiRaikkonen Ай бұрын

@@thyslop1737 he's not saying himself. He's saying they have 700 visitors a day.

@thyslop1737 Ай бұрын

@@rockrugbyref Well, why don't they mention that? Much left out in the interview. Hatch job interview.

@thyslop1737 Ай бұрын

Must be a heck of a golf course for 350 million.

@LLWCorp Ай бұрын

there are 6 golf courses on the resort and all are full (generally need to book 18 months in advance). (eg one foursome every 10 min x 6 course= 24 golfers every 10 min at $250 each = $36,000/hr. Plus it's in the middle of nowhere so all golfers are generally staying on site for multiday trips, so they capture all revenue for the stay (food, lodging, etc)

@thyslop1737 Ай бұрын

@@LLWCorp Would love to play it someday? To be good you neex to play probably twice a week. Love the game of golf. Problem? I probably play twice a year, if that. My presence there would be an injustice.

@jerrygarcia4390 Ай бұрын

That’s not affordable bruh

@chriskelly6559 Ай бұрын

Affordable golf for just about everybody? BS, this is for people with serious money. $500 for a day at the course isn't going to come from the once a week hacker and his buddies who play on a Muni.

@colfun2228 Ай бұрын

LOL AFFORDABLE GOLF!!

@napoleonsantiago1141 Ай бұрын

Wow what a bargain for the average golfer!!! $350 greens fee, REALLY??? How many average golfers can afford $350 greens fee. Good for you sir, but $350 isn’t for the average family guy .

@davidcocker8878 5 күн бұрын

Affordable Golf at £300 per round?😂 For £900 here in UK a Full 7 Day Subscription & can play every 365 if you wish on a superb course At North Berwick West in Scotland ranked #38 in The World you Yanks pay $420 Green Fee’s & members pay less than this per year

@SK-lt1so Ай бұрын

Parkinson's?

@johncorman8715 Ай бұрын

Yes, I'd heard recently that he has Parkinson's. Wish him well, he doesn't seem the sort to feel sorry for himself.

@benhogan4739 Ай бұрын

Does it have caddies? You say the private club experience. Go to Asia and every course offers caddies to the players. Don’t be fooled…American golf is a substandard experience.

@brocklambert Ай бұрын

Yes. Some of the best caddies in the world. The courses are designed to walk and based on caddie program.

@mrZanZibar777 25 күн бұрын

Lol Bandon is not affordable, not even close

@6by6by6 Ай бұрын

$400 to hit a stupid ball around some rolling sand dune..😂 All the more reason to hate golf and golfers 😅

@dude4173 Ай бұрын

I play golf for about $12/round. It’s 4 hours of entertainment which is a very cheap form of entertainment - plus it’s got the health benefits of being outside and walking (I don’t use a cart). I think your problem is with expensive rounds, not golf as a whole or golfers in general.

@okboomer1340 3 күн бұрын

haters gonna hate

@Ariz-up1ri Ай бұрын

It’s nice but expensive actually too expensive

@JackSmith-qi7dr Ай бұрын

Too expensive? The courses are booked 18 months out. Let me introduce you to supply and demand.

@dbr3737 Ай бұрын

$350 x 26,000 = 9 million +… and that’s 1 course on the property. Plus his 8 digit annual swag valuation. So…. Let’s ease up off the Saintly virtue of the owner, shall we? It’s a long way from “truly affordable golf.” Calm down.

@PinkFZeppelin Ай бұрын

350 is ridiculously cheap for a course of this quality.

@dbr3737 Ай бұрын

@@PinkFZeppelin again, $350 is not a cheap price, or one that could be considered affordable.

@dbr3737 Ай бұрын

@@PinkFZeppelin $126M revenue,$31M net profit in 2023, property wide. Clearly, there is room for a price drop to a more AFFORDABLE experience for the average golfer who wants to play the best courses without getting taken. Go cry in your $500 rain jacket that isn’t waterproof. You wanna continue this one-sided argument, Richie Rich?

@PinkFZeppelin Ай бұрын

@@dbr3737 that means there is over 90 million in costs a year. As a business owner I personally prefer to make enough profit that I can have 2 years of costs on hand. That way I can keep the place open and my staff employed if the economy turns south. Then I need to set aside money for improvements such as adding another course. Lastly I need to manage scarcity. The wait list is 18 months long. The only way to manage that is to add another course, which costs money, or raise the price. Do you spend every penny you earn? Go to any equivalent course and see how much you pay for greens fees if they even offer them. Most of them are members only and cost a down payment on a house. The market sets price, not costs. They are charging under market price hence the wait times.