It's a tradition unlike any other.
And it creates a local housing market like nothing else all year.
If you think that Masters tickets are running steep right now, try finding accommodations in and around Augusta, Georgia, during tournament week.
Hotel rooms? They’re as rare as double-eagles, and priced accordingly.
Take the Fairfield Inn & Suites, on the outskirts of town, about eight miles from Magnolia Lane.
It’s not exactly Shangri-La, but as of this week, it had only one Masters week vacancy remaining: a double-occupancy room for $549 on Monday and Tuesday night, and $599 a night from Wednesday on.
The Residence Inn, about five miles from the course, had one room available as well. The price: $650 per night.
For many Masters patrons, particularly those on corporate expense accounts, private home rentals are a popular option.
Of course, those are also subject to the good old-fashioned laws of supply and demand.
A search of home rental sites such as VRBO and Airbnb reveals a range of options, from a 3-bedroom, 2-bathroom home, seven miles from Augusta National, for $400 a night (four night minimum) to a 4-bedroom, 2.5 bathroom house, within a golf cart ride of the tournament gates, that’s going for $7,500 a night.
Champions Retreat, a private golf community with three nine-hole courses, designed by Jack Nicklaus, Arnold Palmer and Gary Player, has homes for rent, both inside and outside its gates, topping out at 6-bedroom spreads.
For convenience and prestige, though, there’s really just one place: Augusta National itself. The club has 10 private cabins on its grounds, and four bedrooms in the Crow’s Nest, above the clubhouse.
But wait. Looks like those will be occupied, too.