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Significant Sales | Volume II – Issue VII

From an incredible estate in Virginia to a historic castle in Belgiumthis edition of Significant Sales also showcases homes from the United States and Croatia.


See the entire issue of Significant Sales here

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New & Notable Properties for Sale | May 2018

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From an inviting modern home in London, England to a Caribbean masterwork by renowned architect Marco Aldaco in Turks and Caicos, this month’s collection of exceptional propertiesfor sale feature homes from some of the world’s finest locales.

London, England | Emma Reade & Aree RandUnited Kingdom Sotheby’s International Realty

Classic and charming neo-Georgian architecture meets the finest modern interior design set on one of the most exclusive roads within one of the most exclusive postcodes in London. This beautiful home set over five floors of luxurious and generously proportioned accommodation enjoys a south-facing front that leads to a reception room and dining area following on to a contemporary kitchen with integrated state-of-the-art appliances looking out onto the beautifully landscaped gardens.

Upper West Side, New York | Michael SiegerSotheby’s International Realty – West Side Manhattan Brokerage

One of only three townhouses remaining on Central Park West, this thoroughly restored Queen Anne mansion affords luxurious modern living while paying homage to its distinguished past. The eye-catching façade is distinguished by an ornamental gate and restored museum-quality sandstone carvings. The grandeur of late-19th-century Manhattan fills the versatile interior, which has been updated with an open, airy ambience and 21st-century technologies and amenities.

Kailua, Hawaii | Brandon E Kim & Myra BrandtList Sotheby’s International Realty

Kai Moena, “House of the Resting Sea,” is a captivating oceanfront estate that reflects the skillful merging of modern architecture and luxury design. Inspired by Hawaii’s culture and climate, this expansive property totals almost 60,000 square-feet of land with over 250 linear feet of pristine white sand once owned by the storied Rothschild family.

Providenciales, Turks And Caicos | Nina Siegenthaler, Turks & Caicos Sotheby’s International Realty 

Bajacu is a Caribbean masterwork, designed by renowned, Architectural Digest Top 100 Architect, Marco Aldaco who is known for his technical mastery of scale, color, and materials. Bajacu (“rising sun” in the language of Caribbean natives) sits proudly above the beautiful island of Providenciales, Turks and Caicos. The ultra-private six-bedroom estate is situated on one of the island’s highest points, on an over eight-acre south shore site, with breathtaking views of the Caicos Banks.

Discover New & Notable homes from around the world on sothebysrealty.com

To visit Telluride Luxury Properties click here

Sotheby’s International Realty Achieves $108 Billion in Global Sales Volume for 2017

112 Autumn Lane, Mountain Village, Telluride, CO.

Sotheby’s International Realty Affiliates LLC reported that in
2017 its affiliated brokers and sales professionals achieved approximately $108 billion USD in global sales volume, the highest annual sales volume performance in the history of the brand.

“In 2017 we witnessed the expansion of the global economy,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “The Sotheby’s International Realty® brand is in 69 countries worldwide, so we were well-positioned to both contribute to and benefit from that growth. The success of the global economy, coupled with our strategic goals, yielded outcomes better than we could have ever anticipated in 2017. We look forward to carrying that strength into the new year.”

Global Growth
The Sotheby’s International Realty brand also reported growth across its global network. At year-end, the network totaled nearly 950 offices and approximately 22,000 sales associates worldwide. In the United States, the Sotheby’s International Realty brand achieved over $96 billion USD in sales volume in 2017 and added six independently owned and operated residential real estate firms to its network and 58 new offices. This past year witnessed continued significant growth by the brand’s existing affiliate companies through talent attraction as well as mergers and acquisitions, most notably increasing the brand’s market presence in the San Francisco Bay Area; Castle Rock, Colorado; and in Southern Florida and Key West. The brand also entered several key new markets last year, namely: Roseville, California; Avalon and Stone Harbor, New Jersey; the Central and Western Adirondacks regions of New York; Greater Greenville, South Carolina; and southeast Wisconsin.

Outside the United States, the Sotheby’s International Realty brand achieved over $12 billion USD in sales volume in 2017 while continuing to expand into key markets. In Europe, the brand grew its presence in Spain into the coastal cities of Valencia and San Sebastián, and in Belgium to Antwerp and Waterloo, as well as expanding to the Greek island of Rhodes. The brand also sold the rights to the Asian countries of Vietnam, Indonesia and Sri Lanka to establish a future presence, and grew within India to
include the key markets of Mumbai, Bengaluru, Chennai, Pune, Goa and Kolkata

Reaching the Consumer
The Sotheby’s International Realty brand website, sothebysrealty.com, saw another record year with nearly 27 million visits, a 25% increase year-over-year, with 60% of visitors coming from outside the United States and 17.5% of traffic being from new users.
An exclusive alliance with the Nikkei, the most influential news publication in Japan, was launched in 2017. The alliance enables the brand to generate Japanese buyer interest through the Nikkei’s digital platform which reaches over 29 million monthly readers. The Sotheby’s International Realty brand is the first real estate brand to present property listings outside of Japan to readers of the Nikkei, giving Japanese
consumers access to residential real estate offerings in nearly 70 countries and territories.

“In 2017, the brand launched a dedicated effort to establish meaningful connections with the emerging affluent consumer,” said Kevin Thompson, chief marketing officer, Sotheby’s International Realty Affiliates LLC. “Data from sothebysrealty.com indicates that we are already well-positioned among this demographic, showing that nearly half of the traffic coming to the site was from the 25-to-44-year-old age group. As personalization has begun its reign over the luxury mindset, the consumer journey has also
experienced a shift; it is our mission, as a preeminent luxury residential real estate brand, to continue to identify and execute new and authentic ways to connect with discerning clients.”

Additional Achievements
In 2017, the Sotheby’s International Realty brand added to its senior leadership team. Thompson was appointed as the brand’s Chief Marketing Officer to oversee the marketing, advertising, and public relations initiatives worldwide. With an extensive background working with globally recognized luxury brands, Thompson set forth early in the year to create exceptional consumer experiences through the strategic use of marketing and branding. Later in the year, Julie Leonhardt-LaTorre, a proven global real
estate and management leader, was appointed Chief Operating Officer to spearhead strategic growth plans for the brand.

The Sotheby’s International Realty brand’s affiliated companies and sales associates raised more than $500,000 USD for New Story, the brand’s charitable partner and a certified 501(c)(3) non-profit organization, by the end of 2017. The funds raised will go directly to the construction of new homes in Mexico. The highlight of the partnership came at the brand’s Global Networking Event, where affiliates of the Sotheby’s International Realty brand pledged funds for over 150 homes in just 32 hours.

The Sotheby’s International Realty brand was the No. 1 real estate brand represented in two of the six categories that comprise the 2017 REAL Trends/The Wall Street Journal “The Thousand” for the second year in a row. The brand claimed 46 of the top 250 sales associates in the REAL Trends Individual Sales Volume category, more than any other real estate brand, and had the highest combined individual sales volume from sales associates in the same category. In addition, the Sotheby’s International Realty brand
had the most individuals represented in the Individual Average Sales Price category.

Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, each brokerage firm and its clients benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs.

To visit Telluride Luxury Properties click here

Bloomberg Markets: Why High-Flying U.S. Home Prices Seen Getting Another Jolt

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The U.S. housing market’s storyline for the last several years has been one of steady demand and limited supply, pushing prices ever higher. Now, a new chapter has opened up for the industry and its customers: soaring costs for building materials.

Reports on Tuesday underscored both resilient purchase activity and accelerating home prices. The S&P CoreLogic Case-Shiller index showed property values in 20 major U.S. cities climbed 6.8 percent in February, the biggest year-over-year gain since June 2014. Government data revealed a faster-than-projected rate of new-home sales in March and huge upward revisions to the prior two months.

Inventories of previously owned homes are plumbing the lowest levels in at least 19 years, a key reason why resilient demand by itself has fueled price appreciation that’s extending to the new-homes market. Now, with the costs of lumber and other building materials soaring together, buyers are unlikely to see any relief for some time.

In fact, builders such as PulteGroup Inc., Lennar Corp. and KB Home have indicated they are having success passing along construction costs and signaled margins will remain in good shape going forward.

“There is pressure on a few of the commodities and we are all dealing with some of the labor pressures that have been in the news. So we expect that you’ll continue to see some pressure. And in the first quarter, we were able to outpace the cost pressure with price.”
— Jeffrey Mezger, CEO at KB Home, on March 22 earnings call“There is inflationary pressure on commodities. The good news is that we’ve seen a market that’s allowed us to price to cover most of that.”
— Robert O’Shaughnessy, CFO at Pulte, on April 24 earnings call

The cost of materials is important because everything from the laying the foundation to framing to painting represents the largest share of a typical single-family home purchase, according to an annual survey by the National Association of Home Builders.

What Our Analyst Says

For homebuilders, rising construction costs are definitely the biggest headache at the moment (and have been for much of the cycle). In the near-term, builders will be able to raise prices to offset material cost inflation. You may see some whose average selling prices are slowing, but that’s primarily due to mix, while ‘like-for-like’ pricing has improved across much of their footprint. A lot of that has to do with a lack of supply.

— Drew Reading, U.S. homebuilding analyst, Bloomberg Intelligence

The framing of homes, or putting up roofs and walls, accounts for 15 percent of the cost of construction. A composite measure of the cost of lumber for framing rose 16 percent from December to March, according to data from Random Lengths, a publisher of information on wood products.

And it’s not just lumber. A Labor Department gauge of prices paid at the producer level for construction inputs — everything from particleboard and plumbing to concrete and insulation — was up 5.1 percent in March from a year earlier, the biggest annual advance in nearly eight years.

So far, neither higher home prices or a four-year high in mortgage costs have been enough to dissuade buyers. Results of the Conference Board’s consumer confidence index on Tuesday showed 1.7 percent of the group’s respondents in April planned to purchase a new home in the next six months, matching the highest share in this expansion.

Helping shape that pickup is a larger share of Americans who say that now is a good time to buy because prices aren’t going to fall any time soon. Sixteen percent of consumers surveyed by the University of Michigan in March said that homebuying conditions were “good” considering asking prices won’t get any better.

At some point, affordability will become a bigger issue for those wanting to own a home. So far though, consumers are taking higher home prices in stride and builders remain relatively upbeat about the market’s prospects.

To visit Telluride Luxury Properties click here

Eco-Friendly Homes You Could Own

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Conscious living goes far beyond everyday sustainable practices. You can absolutely recycle, compost, and switch to an electric vehicle, but at the end of the day, eco-friendly living means supporting designers, builders, and manufacturers going the extra mile to incorporate earth-friendly materials and operations into their homes. Just in time for Earth Day, these luxurious eco-friendly houses really pay it forward.

Haiku, Hawaii, United States

Mino McLean & Sam Utley– Island Sotheby’s International Realty

This Hawaiian retreat offers up a slice of the good life for both its inhabitants and the planet. A 1,152-square-foot aquaponic greenhouse makes farm-to-table living a reality, while the four-bedroom main house and accompanying cottage are powered by photovoltaic systems complete with two Tesla Powerwall backup batteries. A forest full of fruit trees, grounds abounding with free-range chicken and ducks, and an established beehive designate this property an organic oasis.

Rancho Santa Fe, California, United States

Jenna DaleyCriss Crozier, & Andrea Gilbert– Pacific Sotheby’s International Realty

A true Mexican-style ranch, this custom compound abounds with entertaining spaces and indoor-outdoor living areas that truly make use of the temperate California climate. Across 15,000 square feet of single-story living, you’ll find reclaimed wood in the saloon, a hand-hammered tin ceiling in the theatre, and Spanish-influenced decor. This home pairs classic influences with contemporary eco-design: outside, drought-resistant plants are a thoughtful water-saving feature, and the main residence draws its power from two sets of solar panels.

Amandara, Terres Basses, St. Martin

Lesley Reed– St. Martin Sotheby’s International Realty

Panoramic ocean views and open-plan living get an environmental boost from an extensive solar system, graywater system, rainwater storage, and Energy Star appliances at this gorgeous St. Martin villa. Located on a bluff on the French side of the island, you can enjoy spectacular vistas from the infinity pool, outdoor terrace, or from one of the villa’s open-air baths.

Braganca Paulista, São Paulo, Brazil

Bossa Nova Sotheby’s International Realty

The enviable modern design of this São Paulo property could easily draw attention away from its redeeming eco-innovations: automation technology, an artesian well, a sprinkler system, solar heating for the pool, water filters, and an energy generator keep this condominium an off-grid masterpiece. The house integrates natural landscaping as well, placed on the edge of a preserved forest area and a neighboring vineyard.

Hietzing, Vienna, Austria

Dali Shoval– Austria Sotheby’s International Realty

Situated in one of Vienna’s most popular areas, this Hietzing townhouse has been newly built with eco-tech as a top priority. Integrations include solar batteries to cover heating, water, and the swimming pool; a gas boiler; EIB/KNX installations; rolling shutters; triple insulation controlled ventilation; and fan coil air conditioning. Light is used precisely across four floors in fantastic contemporary style. A rooftop terrace offers 360-degree views of the city.

Finca Los Rosales, Malaga, Spain

Elena de Miguel– Kristina Szekely Sotheby’s International Realty

Artful harmony with nature rules this Malaga home. Marble, Iroko wood, and stainless steel are interspersed throughout, while the pool, under-floor heating, and water systems are powered by solar energy. Double-glazed windows manage sun exposure and an eco-smart cleaning system ensures the garden pool is always well maintained. Mountain views; incredible grounds dotted with fruit trees, olive oaks, and mature gardens; and a contemporary design capped off by a gorgeous architectural steel and glass stairway make this home a must-see.

Papeete, Tahiti, French Polynesia

Jacques Menahem– French Polynesia Sotheby’s International Realty

Four levels of sublime mountainside architecture are complemented by natural ferns and palms, solar panels, a vegetated roof terrace, and ample outdoor deck space. Inside, nature is reflected throughout the concrete, wood, and complementary greenery. Take a dip in the lap pool or just relax and lose yourself in the vast openness of this property while still feeling perfectly at home.

Menorca, Spain

Palma Sales Team– Mallorca Sotheby’s International Realty

Live a country idyll in a tranquil finca equipped with modern upgrades. Central heating, a private well, solar panels, a windmill, and a standby generator keep things running so you can relax by a beautiful stone fireplace, take in the sunset from the patio, or relax in the pool. Wood beams and farmhouse architecture make this home the perfect spot for a traditional siesta, while the property’s farming license will appeal to eco-mindful homesteaders.

Gydnia, Pomeranian, Poland

Poland Sotheby’s International Realty

Watch the sea ebb and flow from a modern penthouse designed with the earth in mind. Business space below cuts commute time while the two-story living space offers respite from busy work days via a scenic terrace and clean, contemporary designs. Solar panels cover water heating, modern glass regulates light, and above-standard insulation warms winter days with little effort so you can focus on enjoying the view.

Ready to do better, every day? Make your eco-initiatives effortless by investing in a home that conserves, integrates, and evolves over time.

Discover Eco-Friendly Homes From Around the World on sothebysrealty.com

To visit Telluride Luxury Properties click here

5 Homes Inspired by Frank Lloyd Wright

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It is a testament to the prescience and inherent genius of American architect Frank Lloyd Wright that only about half of his designs were realized—the rest of us just couldn’t keep up. In a career spanning seven decades, Wright designed 1,114 works of which only 532 came to fruition, but that half-told history was more than enough to inspire the generations of architects and designers that followed. Like Wright, the designers of these modern marvels have embraced change, building new contemporary masterpieces that allow their inhabitants to live as Wright intended;

We are all here to develop a life more beautiful, more concordant, more fully expressive of our own sense of pride and joy than ever before in the world.

These listings take cues from one of the greatest architects in history.

Vito Dumas, Buenos Aires, Argentina

Vivi Reissis Etchegoin– Ginevra Sotheby’s International Realty

Step into an inviting contemporary interior inspired by Frank Lloyd Wright’s famous Fallingwater house. Designed and built in 1963, this property is a work of art in its own right. Walnut trees and lianas line the property, while four floors—connected through an interior lift—work with the slope of the surrounding ravine. Patio-style dining, exposed brick interiors, and nods to Bauhaus in every direction make this residence a design dream.

Jupiter, Florida, United States

 

Doc Ellingson– ONE Sotheby’s International Realty

Additional Fallingwater inspiration can be found in this South Florida home. The pairing of considered exterior landscaping with an overall dedication to natural materials harkens back to Wright’s love of organic architecture. Warm wood softens the sharp angles that give this 2015 build a decidedly current feel, while the interiors offer all the expected amenities plus a two-story master enclave that features two private patios, an office, hot tub, and, in true Floridian fashion, a putting green.

Telluride, Colorado, United States 

Bill Fandel– Telluride Sotheby’s International Realty

Tiered roofing, sprawling outdoor space, and a remarkable mountain setting create spectacular allure on a small corner of this 35-acre site. Natural finishings catch the spotlight in this Telluride home, including custom-quarried marble from Italy, limestone from India, and rock sourced from the surrounding area. Through crystalline glass windows, elegant fittings and top-of-the-line materials sing throughout each room, which comprise six bedrooms, indoor and outdoor home spas, a theater room, wine room, fitness center, and chef-approved kitchen.

Prague, Czech Republic 

Czech Republic Sotheby’s International Realty

The stacked exterior form of this Hanspaulka gem definitely hits Wright’s notion of organic-meets-functionalist architecture. Aptly named Vila Vista, this home’s five floors angle out over beautiful park gardens, views of Prague Castle, and the city skyline. Inside, the 1,500-square-meter, open-concept design is so well done that everything from the six bedrooms to the home cinema and catering kitchen feels completely connected.

Scottsdale, Arizona, United States

Debbie Negrin Will Foote – Russ Lyon Sotheby’s International Realty

Wright’s trademark angles get a desert spin in this Scottsdale home, where the lavish outdoor living spaces are as inviting as the interior. Inside, doorways and windows frame the natural landscape at every turn, and dry stack stone walls mirror the region’s naturally-occurring rock formations. There is plenty for the eye to play with here, including views of Pinnacle Peak from the relaxing heated pool.

As Wright once said, “The mission of an architect is to help people understand how to make life more beautiful, the world a better one for living in, and to give reason, rhyme, and meaning to life.”

Certainly, these inspired designs do just that.

Experience luxury homes around the world on sothebysrealty.com

To visit Telluride Luxury Properties click here

New & Notable Luxury Properties for Sale | April 2018

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From a regal estate in Houston, Texas to a private retreat in North Palm Beach, Florida, this month’s collection of exceptional properties for sale feature homes from some of the world’s finest locales.

Houston, Texas | Walter Bering – Martha Turner Sotheby’s International Realty – Briar Hollow Brokerage

The Regency-Style home at 1708 River Oaks Boulevard recalls the glory of a 17th-century Parisian hotel. Superbly positioned on more than one acre, it is exquisitely constructed of Texas Cream limestone, cast stone and steel and offers greater than 14,000 square-feet of rare opulence. A Tiffany-style glass domed ceiling, indoor heated pool, Las Cala marble flooring, hand-carved mahogany moldings, and richly inlaid hardwood floors are offered in this residence.

North Brabant, Netherlands | Netherlands Sotheby’s International Realty

“Jagersbosch” is a unique estate situated in the middle of Vught, offering maximum privacy in an oasis of peace. The estate covers five hectares and is enclosed by the provincial road between Hertogenbosch and Tilburg, (the Helvoirtseweg) and the Jagersboschlaan. To the rear of the estate, out of sight of the main house, there are four building plots with planning permission to build four large additional dwellings.

Hong Kong | Alan Wong – List Sotheby’s International Realty 

Hidden paradise at the Peak for a family looking for privacy and outdoor living space. Secluded along a tree-lined road among many other prestigious homes, this one enjoys green views and is decorated meticulously from inside out. From the fishpond, trees and plants in the manicured front garden to the flower bed, wooden fences and wrought-iron railing of the balcony, rooftop and backyard, the house is a perfect illustration of summer garden living.

North Palm Beach, Florida | Cristina CondonFrances Peter & Todd Peter | Sotheby’s International Realty – Palm Beach Brokerage

Secluded on more than one gated acre in Seminole Landing is an estate of understated elegance and Caribbean inspiration. The 25,878-square-foot residence takes full advantage of its oceanfront location, blurring the lines between indoors and out and allowing for the most pleasurable resortlike lifestyle. The style of British West Indies-with its breezy outdoor spaces and light-filled, view-focused interiors-offered inspiration and was adapted for relaxed, refined modern living.

Top Photo: Martha Turner Sotheby’s International Realty – Briar Hollow Brokerage

Discover New & Notable homes from around the world on sothebysrealty.com

To visit Telluride Luxury Properties click here

LIVE Ski

In collaboration with Aspen Snowmass Sotheby’s International Realty and several other resort Sotheby’s International Realty Affiliates across the nation we present – LIVE Ski, an exclusive video highlighting the top destinations to live and ski in the U.S.  There are two versions of the video, one full length representing all participating SIR Affiliates (see video below and click on “LIVE” to play) and one short clip representing just Telluride/Telluride SIR (see video above and click on “LIVE” to play).

To visit Telluride Luxury Properties click here

Significant Sales | Volume II – Issue VI

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From crystal-clear San Francisco Bay views to a modern waterfront masterpiece in New Zealandthis edition of Significant Sales also showcases homes from the United StatesPuerto RicoFinland, and Bermuda.

Experience more in Significant Sales | Volume II – Issue VI

To visit Telluride Luxury Properties click here

Curate by Sotheby’s International Realty | App Benefits

The Sotheby’s International Realty® brand has introduced revolutionary augmented reality (AR) app Curate by Sotheby’s International Realty(sm).  Here are some of the ways the app will benefit homebuyers, sellers, and real estate agents.

According the Harvard Business Review’s A Manager’s Guide to Augmented Reality, research has shown that an AR experience allows consumers to form more accurate expectations, therefore increasing confidence in purchasing decisions and shortening the sales cycle.

  • For prospective homebuyers – Viewing a potential house in AR breaks down visualization barriers that often accompany the homebuying process, allowing prospective homebuyers the unique ability to envision the house in their personal taste and style. Curate by Sotheby’s International Realty offers the opportunity for buyers to ultimately see a house as their own home, increasing confidence in any purchasing decisions.
  • For home sellers / Sotheby’s International Realty clients – Selling a home with a Sotheby’s International Realty sales associate means tapping into the power of AR to sell the home by helping prospective buyers overcome the visualization barriers of touring an empty home or one decorated in style that differs from their taste.
  • For the Sotheby’s International Realty sales associate – The benefits for the sales associate are similar to those of the homebuyer and seller; Curate by Sotheby’s International Realty empowers the sales associate to present a home in an objective and neutral manner. The app also alleviates the need for sales associates to physically stage homes, allowing them to save money on the costs of either renting or buying and storing furniture.

Curate by Sotheby’s International Realty is destined to become a go-to resource for Sotheby’s International Realty sales associates,” said Ashley F. Morris, vice president of marketing, Atlanta Fine Homes Sotheby’s International Realty.  “This app is the first of its kind for residential real estate and perfectly aligns with our goal to deliver an immersive experience tailored to each client’s individual style. Curate by Sotheby’s International Realty unites innovation with our commitment to providing exceptional service to our clients by allowing sales associates to take on a meaningful role in the transformation of a house into a home.”

Curate by Sotheby’s International Realty is available now for download in the Google Play Store.  The app was built with Google’s ARCore, which can run on 100 million Android devices worldwide.  The Sotheby’s International Realty brand will launch Curate by Sotheby’s International Realty for iOS this spring through a continued partnership with roOomy.

Learn more about this unprecedented augmented reality experience on sothebysrealty.com

To visit Telluride Luxury Properties click here

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