blixseths

Porcupine Creek Gets A Major Price Cut

Filed under: Estates

When Porcupine Creek, the 249-acre estate in Rancho Mirage, California that used to be owned by Yellowstone Club founders Tim and Edra Blixseth, hit the market in February, I knew it was only a matter of time before the price came tumbling down. The Wall Street Journal reports that the property is getting a price cut into slightly more realistic territory, down to $55 million from $75 million.

Even at that price it's a highly unwieldy property, more suited to being a retreat or a resort than a private home. The estate includes a golf club and 19-hole golf course, a huge 18,400 square-foot main residence, eight guest houses, a pool, spa, gym and an amphitheater. The WSJ says that the Montage Hotel and Resorts has restored the golf course, irrigation system and water features; a good thing as things change quickly out in the desert and an untended course could quickly go dusty. The property is being sold for creditors of the bankrupt Yellowstone project and its holding company. Jeff Hyland of Hilton & Hyland and Tyler Morgan of Pacific Union GMAC Real Estate in Palm Springs have the listing and any potential sale would be subject to bankruptcy court approval in Montana. New pictures in the MLS give more of a view of the interior of the main home, including the many antiques in the home and details like ceiling murals and ornate woodwork. I suspect that when this home sells there will be a another huge estate sale of all the furniture in the home.

Gallery: Porcupine Creek

Tags: blixseths, california real estate, edra blixseth, porcupine creek, rancho mirage, tim blixseth, yellowstone club

More Blixseth Bounty Up For Bid

by Deidre Woollard (RSS feed) —

Filed under: Decor, Auctions

I mentioned one auction of some of the furniture from the Yellowstone Club before but now more of the furniture that Edra Blixseth bought to furnish the luxury enclave is set to go up for auction. Kamelot Auction House in Philadelphia will host the sale of the former furnishings and art from the Yellowstone Club on November 21 at 10 a.m. The Blixseths had properties around the globe and travelled extensively finding art and furnishings wherever they roamed. Now as a result of their divorce and Edra Blixseth's bankruptcy these pieces must be sold. The Yellowstone Club collection will be offered without any minimum bids or reserves.

The auction includes nearly 50 rugs. The Blixseths bought from across a wide range of periods and styles but seemed to have a particular fondness for dark carved wood and chairs ulpholstered in velvet. The rosewood and bronze sideboard from a French chateau circa 1875 shown above is just one of their many European purchases. Other items include wooden telephone booths, antique display cases, industrial tables and shelving, taxidermy and vintage sporting equipment. A rare pair of carved and mirrored Victorian billiard cue racks and scoreboard will be offered along with two full-sized bronze horses and Colonial riders and a pair of life-size cast bronze elk which stand nearly ten feet high. A complete catalogue for this auction including photo galleries and detailed descriptions of every lot to be sold is currently available at www.kamelotauctions.com. Bidding by phone will be available for out-of-town customers.

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Tags: auction, blixseths, edra blixseth, EdraBlixseth, furniture, yellowstone club, YellowstoneClub