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Golf Estate Made for a Resting Tiger

The $75 million golf estate Porcupine Creek in California would make an ideal relaunching pad for Tiger Woods.

RANCHO MIRAGE, Calif. (TheStreet) -- Personal turmoil took Tiger Woods from the golf course, and it's taking the golf course away from a California trust. Oddly, Woods and the course seem like a good fit right now.

Water world: Porcupine Creek is among two U.S. estates with its own golf course for sale.

The 249-acre

Porcupine Creek

estate in Rancho Mirage, Calif., comes with a 25,000-square-foot main residence, a private drive with a Las Vegas-style fountain and antique lampposts from the Champs-Elysees in Paris and 19-hole golf course that was rated the 13th best in California by

Golf Digest

. Its seems ideal for a well-heeled golfer looking for both privacy and a place to practice his way back into the game, but is also just the latest property to hit the market following the 2008 divorce of Edra and Tim Blixseth, co-founders of the Yellowstone Club billionaires' resort in Montana.

Since then, Tim has had trouble selling his Turks & Caicos retreat

Emerald Cay

, which made

TheStreet's

list of 2009's biggest

real-estate

flops when its price dropped to $48.5 million from its $75 million asking price. Edra, meanwhile, took both the Yellowstone Club and Porcupine Creek in the divorce, but declared personal bankruptcy and is now a shareholder in the club's holding company,

BLX Group

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. The group's trustee is selling the Rancho Mirage estate for the same $75 million price that Tim sought for Emerald Cay.

Much like Woods' personal misfortunes, however, the Blixseths' story distracted from their true gift: creating estates and resorts that could impress the upper reaches of society and instill envy in everyone else. The 19-hole course (18 and a playoff hole), plays at 6,817 yards and was designed, in part, by 1973 British Open Champion Tom Weiskopf, 1970 and 1976 PGA Championship winner Dave Stockton and World Golf Hall of Famer Annika Sorenstam. The course landscaping is divided into California and Arizona desert, Hawaiian tropic and Western mountain motifs, while the signature 227-yard, par-three 15th hole requires players to drop a tee shot off a bluff, over a gorge and onto the green 200 feet below.

A full clubhouse with men's and women's locker rooms, showers, meeting rooms and a commercial kitchen spares business guests greens fees, while the spa with a giant hot tub, large gym with weights and exercise equipment and stained-glass-lined massage rooms bypasses club-membership costs.

If golf's not your thing, a resort pool with a television-wired bar and wood-burning fireplace sits just beyond the 18th hole. Between the 14th and 15th holes, meanwhile, is a party patio where the Blixseths entertained up to 500 guests at a time and a stage that counted Earth, Wind & Fire among its party bands.

Christies Great Estates

, which represents the property, leaves the property's potential use open to interpretation.

"The scope of Porcupine Creek, an international trophy property, offered at this price point presents buyers with an unprecedented value proposition," said Gregg Antonsen, senior vice president of Christie's Great Estates, in a statement issued to

TheStreet.com

.

Getting a buyer who'll maintain Porcupine Creek as a single residence could be a tricky play. A game room with old-fashioned beer taps and pool tables; a home theater with cinema seating and a popcorn machine; a dining room with its own commercial kitchen and dumbwaiter to the wine cellar; a dedicated breakfast room with nook; and a master suite with waterfall views, his-and-her bathrooms and offices and private terraces almost beg to be guarded with a moat and drawbridge. However, the guest wing, children's wing, four 2,400-square-foot guest houses, four 800-square-foot cottages and staff to maintain them all make Porcupine Creek seem destined to become a resort at some point.

That the only other estate with its own golf course currently for sale -- the $68 million, 60-acre, 18-hole

Three Ponds Farm

in Bridgehampton, N.Y. -- hasn't moved since it hit the market for $75 million in 2003 bodes ill for its future as a golf lover's private palace. However, as Woods' comeback relies heavily on those who appreciated him when he was winning majors, Porcupine Creek's second chance may rest with those who made the estate possible in the first place -- the paying public.

-- Reported by Jason Notte in Boston.

Jason Notte is a reporter for TheStreet.com. His writing has appeared in The New York Times, The Huffington Post, Esquire.com, Time Out New York, The Boston Herald, The Boston Phoenix, Metro newspaper and the Colorado Springs Independent.