Pinehurst Resort Owner Buys Village "Cottage"
Robert Dedman Jr., the owner of Pinehurst Resort, and his family now have a home in Pinehurst.
The family has purchased Fownes (pronounced phones) Cottage, located at 60 Village Green East, in downtown Pinehurst.
According to Tufts Archives documentation, Fownes Cottage was built in 1914 by Henry C. Fownes, the founder of Oakmont Country Club in Pittsburgh Opened in 1904, that course has hosted 21 championships, including eight U.S. Opens.
The Cottage was a second home for the Fownes family, who wintered in Pinehurst. Dedman and his family currently live in Dallas, where he oversees the family company, DFI. He is a regular visitor to Pinehurst.
"Mr. Dedman and his family (including his mother and sister) have been looking for a place to buy in Pinehurst for several years," said Kerry Andrews, a spokesperson for Pinehurst Resort. "This is a result of that search."
Dedman was unavailable for comment.
Andrews said the home is a second home for the family. She said they will use it when they are here, and it will also be used for business and entertainment purposes.
Farrell Bushing, who lives on Village Green East, said he is excited to have new neighbors.
"For the guy who owns the place (Pinehurst Resort) to be living here, I think that is a wonderful idea," said Bushing, who has lived in his home for 14 years.
Fownes Cottage was sold on Dec. 28, according to property transfers from the Moore County Clerk of Deeds office and published in The Pilot. The house, which sits on 1.1 acres, was sold by Michael J. and Kelly C. McCrann to Fownes Cottage LP, for $1,975,000.
The home was listed in October 2012 for $2.25 million.
Local officials say it is a big deal to be able to count the Dedmans as residents of Pinehurst.
"We are excited, especially with the Opens coming," said Village Council member Doug Lapins. "It is a nice signal by the family and Mr. Dedman of their interest in and support of Pinehurst.
"It is just another part of the good relationship we (the village) have with those folks."
According to an online real estate listing for the home, it is located on three lots across 1.1 acres. It has seven bedrooms, six fireplaces, heart pine and oak floors. There is a three-bedroom, one bathroom apartment above a four-car garage.
Andrews said Dedman is considering changes to the interior of the home, but he isn't sure what those might be.
According to information on USGA.com, Henry Clay Fownes was born in Pittsburgh in 1856. He made his fortune in iron manufacturing. With his brother, William C. Fownes, Henry formed the Carrie Furnace Company, which was bought out by the Carnegie Steel Corporation in 1896. It made Fownes a wealthy man, and in retirement he was content to serve as a director on several boards and play a lot of golf.
Fownes, who died in 1935 from pneumonia, was friends with the Tufts family. He and his family owned six lots in Pinehurst until 1955, when all of them, including the cottage, were sold to Mrs. Otto C. Tomec, according to documentation from the Tufts Archives.
Pinehurst will host the 2014 U.S. Open and U.S. Women's Open Championships. Oakmont will host the 2016 U.S. Open.
Contact Tom Embrey at (910) 693-2484 or tembrey @thepilot.com.
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