Jaw-dropping views of Telluride’s cathedral-like canyon abound from every angle on this 1.35-acre estate parcel located at the eastern end of the Telluride valley. Set within the small & private enclave of the Idarado Legacy project, this generous site beckons to passionate lovers of the mountains, architects & designers from around the world who have the vision to create something truly special. The elevated building site offers panoramic views of the falling waters of both Ingram and Bridal Veil Falls, the multi-colored striations of the towering valley walls and the nearby slopes of the Telluride Ski Resort. Walk to town or simply sit and listen to the rushing headwaters of the San Miguel River from every room & deck of a special home just waiting to be realized. For more information and pictures click here.
SOTHEBY’S INTERNATIONAL REALTY BRAND EXPANDS PRESENCE IN AUSTRALIA WITH QUEENSLAND SOTHEBY’S INTERNATIONAL REALTY
$7,500,000 AUD | Queensland, Australia | Queensland Sotheby’s International Realty
Sotheby’s International Realty Affiliates LLC today announced the brand’s existing affiliate brokerage Gold Coast Sotheby’s International Realty in Queensland, Australia will now do business as Queensland Sotheby’s International Realty under the current owner and managing director, Paul Arthur, and will expand to provide luxury residential real estate services throughout the state of Queensland.
Queensland Sotheby’s International Realty is expected to open its newest office in the capital city of Brisbane in March 2016, with further plans for expansion in the markets of Noosa, Cairns and the Whitsundays & Islands in the later part of 2016.
“Queensland is known for its unique beauty and global appeal and has long been a leading tourist destination – the area is seeing increasing interest from buyers of international real estate,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “Sotheby’s International Realty is dedicated to providing our network’s exclusive real estate services in luxury property destinations around the world and we are proud that our brand presence in Queensland in expanding.”
Queensland is the second-largest and third-most-populous state in Australia. Located in northeast Australia, its coast, stretching nearly 7,000 kilometers, is also known for the Great Barrier Reef, the world’s largest coral reef system.
“The timing to expand operations in the Gold Coast area and throughout Queensland has never been better,” said Arthur. “We have extreme confidence in the region, acknowledging the inherent domestic and international appeal of this market. The area is renowned for tourism and a wonderful lifestyle with its many homes and apartments along the waterways and oceanfront. Our goal is to deliver exceptional customer service through our best-in-class associates, whom reflect our prestigious brand position.”
The Sotheby’s International Realty network currently has more than 18,000 sales associates located in approximately 825 offices in 61 countries and territories worldwide. Queensland Sotheby’s International Realty listings will be marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.
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When people find out I’m a travel writer, the next question is almost always, “What’s the best place you’ve ever been?”
It’s tough to answer because, obviously, any trip depends on the season, the reason and one’s companions.
But if there’s any one place I might call my favorite, it would probably be Telluride, a remote former mining town tucked in a majestic box canyon surrounded by 13,000- and 14,000-foot peaks in southwestern Colorado’s San Juan Mountains.
I first fell in love with Telluride nearly 20 years ago, when a good friend who had just bought a place there invited me and a few others out for our annual girls’ ski trip.
It immediately became our ski resort of choice, thanks to wide open slopes, stunning views, lack of lift lines and often more moderate temperature and sunny skies than Colorado’s more northern slopes. And while some of the women missed the more vibrant nightlife of Vail and Aspen, I love the more low-key, you-can-wear-jeans anywhere atmosphere.
For me, as an intermediate- to expert-level but admittedly fair-weather skier, Telluride offers everything I could ask for. Lots of sunny, warm days and diverse terrain, but never the crowds of sometimes out-of-control skiers who can dampen a day on of Colorado’s larger and better-known mountains along the crowded Interstate 70 corridor west of Denver.
In the years since my first visit, I have returned for much more than skiing. I’ve hiked the scenic mountain trails, attended an impressive line-up of outdoor summer music festivals that attract campers and luxury guests alike and learned to fly fish in the San Miguel River. I even got remarried there, in my jeans, next to a waterfall in a city park at the base of the canyon as a summer thunderstorm rolled in.
Of course everything has a tradeoff. And in this case, the tradeoff is getting there — unless, of course, you have a private jet to take you right into Telluride’s general aviation airport. Telluride is a good five-or-six hour drive from Denver or Albuquerque. The closest commercial air service is to Montrose, which from many major airports still requires a commuter jet connection and then a one-and-a-half to two-hour drive, depending on weather. But there are shuttles to be had. And once you get there, no vehicle is needed if you are staying right in the town or the adjacent Mountain Village. A free high-speed gondola connects these two very walkable towns.
What I like most about Telluride is that it’s a real town, with real history and a genuine small town feel, not a manufactured Alpine village full of pricey designer stores. Weathered mining ruins still dot the mountainsides. And its many independent merchants, restaurants and art galleries help maintain its historic and funky vibe.
There is a tasteful mix of condos and mostly small, independent hotels, including the historic Grand Sheridan on Main Street, which also houses a popular bar and Chop House. But what really makes this town are the 100-plus year-old Victorian homes that line the streets. Most have been tastefully restored and expanded to meet the demands of modern travelers and second-home owners.
Much of the ski resort and its more modern sprawling condominium complexes and multi-million dollar homes are in the adjacent Mountain Village, which rises above Telluride to the southwest at an elevation of nearly 10,000 feet.
Despite the pet-, ski- and bike-friendly gondola connection, the village has struggled over the past decade to reach its full potential. From one year to the next, it has been a guess to see which restaurants and retailers have survived.
But the opening a few years ago of the luxury Hotel Madeline and its accompanying restaurants, bars, retail and adjacent ice skating rink has re-energized Mountain Village. New Telluride Ski & Golf Resort CEO Bill Jensen says the company, which still owns prime parcels of real estate in Mountain Village, is hoping to finally turn the corner on taking things to the next level. Madeline, which has gotten some good press from top travel magazines, offers ski-in, ski-out accommodations starting in the $300-500 range nightly for winter weekends, is pet-friendly, has an onsite spa and is trying to encourage guests to check out summer and fall stays too.
Jensen says his goal is to tap into the momentum that the Hotel Madeline has brought and attract more retail, perhaps another luxury hotel and more condominiums while upgrading ski lifts, ski runs and making improvements to the golf course. The resort recently also recently purchased The Peaks Resort, one of Mountain Village’s original luxury hotels but one that has struggled like other local businesses in recent years.
At the same time, he said, there is strong commitment to staying true to the unique character of Telluride while exploring new ways to create a niche here, perhaps through an expansion of Telluride’s annual film festival or the creation of summertime programs to bring in leaders on various issues.
“We don’t want to be a mega resort,” he said. “We want to maintain the soul and the character of the place. I don’t think our business plan is totally focused on increasing skier visits. It’s on increasing the quality of the experience.”
If You Go…
TELLURIDE, COLORADO: http://www.tellurideskiresort.com/
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Is there a more significant and powerful acquisition than purchasing a massive segment of earth? Whether it’s a trophy ranch of 250 acres or a mega-ranch consisting of tens or hundreds of thousands of acres, vast properties are where more and more elite-level buyers are investing their resources. Look how the list of America’s largest landowners bears a striking resemblance to the Forbes list of the country’s wealthiest individuals.
Ranch, forest, farm or wilderness, there are numerous reasons why those who can afford it are attracted to colossal parcels: to provide privacy and an opportunity to explore a range of uses and recreational interests; to create a memorable “base camp” for extended family; to create a legacy asset to pass to future generations; to capitalize on its resources; or for the purposes of conservation and responsible stewardship. They can also be highly beneficial additions to portfolios.
$45,000,000 USD | Telluride, Colorado | Telluride Sotheby’s International Realty
“High-net-worth buyers see them as opportunities to diversify into hard assets,” says Bill Fandel, Vice President and Managing Broker at Telluride Sotheby’s International Realty. “There’s stability in them as an investment. It’s a tangible asset that can be used and enjoyed.”
It takes more than great wealth, however, to successfully purchase and maximize a monumental property. Here are a few factors to consider when shopping immense acreage:
Choose the right location
No amount of land is worth owning if it can’t be accessed or easily enjoyed. For most buyers proximity to a destination market or natural attraction, such as the ocean or a ski resort town, is going to enhance the value of the land and the lifestyle. Distance to airports or private airstrips, not to mention provisions and hospitals, should also be taken into consideration.
Savvy buyers often look for properties adjacent to public lands, a scenario that can radically enlarge the holding—500 acres abutting a national forest can effectively increase the size of the purchase tens of thousands of acres. And while it may seem elementary, views, climate, security, privacy and character of the land must be ideal to provide a lifetime of enjoyment.
Price Upon Request | Spetses, Greece | Greece Sotheby’s International Realty
Determine what the land will be used for
The purpose of the land will also dictate the place. Is this a private retreat for hunting, fishing or hiking? Will it be and equestrian property, or used for philanthropic or conservation purposes? Is the land intended to be profitable through harvesting natural resources or, increasingly, grazing livestock? An explicit intent of how and why the land will be utilized will ensure that buyers are searching in the correct environment and properly examining the land’s features.
Know the upkeep
Some buyers mistakenly think once the deed is signed they can let their acquisition sit. But mega-ranches and other enormous plots of land usually require diligent upkeep and improvements. Fences, invasive animals, utility protection, fire mitigation, undergrowth clearing, noxious weed eradication—these issues and countless others require ongoing attention.
Timbered properties may need less oversight, but farm and equestrian purchases in particular demand large, specialized operations. Prospective buyers should find out if the property has a manager or staff that oversees it and consider extending their employment. These are the people most familiar with the water, utilities, systems, recreational components, irrigation and all other land peculiarities.
$17,500,000 USD | Gainesville, Georgia | Atlanta Fine Homes Sotheby’s International Realty
Make sure the infrastructure is in place
Closely examine the quality of the property’s existing infrastructure. Are the roads navigable year-round? Are the gas, electric and water lines in good repair? If you plan on building on the site, are there convenient utility systems that can be tapped?
Getting an undeveloped parcel of real estate up to a livable condition can add an unexpected layer of expense. Trenching an electric or gas line several miles into the heart of a property, for instance, can seriously elevate costs. Be ready.
Control water and mineral rights
Water rights are not a paramount concern in the Southeast or in many parts of the U.S. but carry great consequences in others.
“The quality of water rights adds or subtracts significant value to properties, particularly in the American west,” says Fandel. In dry areas it is critical to understand how a property accesses both potable and irrigated water. There may be cases where large landowners must sacrifice, by law, water to neighboring properties during droughts.
Understanding mineral rights, and what lies beneath the surface of a parcel, is equally crucial. Be certain no other entity is legally entitled to drill, frack or mine on land you buy.
$19,500,000 USD | Hailey, Idaho | Sun Valley Sotheby’s International Realty
Clear the title
Many of today’s largest land acquisitions are assemblages of various smaller parcels, which, if past propriety is murky or tangled, can lead to future legal complications. Take extra care to verify the titles are clear to ensure that no outside agency can make a claim against your investment.
Fandel says some large land holdings that come on the market are trading for the first time since they were homesteaded in the late 1800’s. In these cases clear titles can be a concern and assessing the state of the property can be difficult since some continuously held private land might not have kept time with changing regulations. What’s there? What’s buried underground? A sale can be the first peek behind the curtain, so to speak, in five or six generations. Take caution.
Essentially, Fandel says, “You want to understand the history of ownership behind these big properties.”
Article provided exclusively to Sotheby’s International Realty, LLC. by Derek Duncan
An elaborately outfitted Arizona mansion listing for $35 million could set a new record for the state if it fetches its asking price.
The 12-acre gated estate has a hair salon, a movie theater and an indoor basketball court, according to Walt Danley and Catherine Jacobson of Walt Danley Realty, who are listing the property with global marketing support by Christie’s International Real Estate. The property is located in Paradise Valley, an affluent community between Scottsdale and Phoenix.
If it sells for its asking price, it would set a record for the priciest home sale ever in Arizona, according to Jim Patterson of the Information Market, a Tempe-based real estate data and analytics company.
Surrounded by palm trees, the estate has views of Camelback Mountain. The five-bedroom main house measures more than 30,000 square feet, with a domed ceiling and twin stairways at the entrance. The master suite has the hair salon, a sitting room, an office, a kitchenette and multiple terraces as well as his-and-hers closets. The basketball court has an electronic scoreboard and a skybox. The movie theater is decorated with James Bond posters and boasts its own lobby.
The grounds include a swimming pool, his-and-hers pool houses and a three-bedroom guesthouse with its own infinity pool.
The seller is Robert Sussman, founder of New York City-based hedge-fund company Bentley Capital Management. Mr. Sussman, 68, said he spent about five years building the house, completing it in 2005. He said he is selling because he and his wife are planning to spend more time with family in California.
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You clicked and we calculated. Back by popular demand, here are the 10 most viewed properties on sothebysrealty.com for 2015! Take a tour around the world and see which properties topped this year’s list!
Number 10 – Nevada
$69,000,000 USD | Glenbrook, Nevada | Sierra Sotheby’s International Realty
This historic 130 acre Tahoe lakefront Ranch boasts vistas as grand as Montana and Wyoming, nearby ski resorts with Olympic heritage to rival Aspen and Vail, a lakeside golf course more intimate than Pebble Beach and a yachting paradise on par with the Caribbean. Shakespeare Ranch offers a preeminent year-round lifestyle like no other single destination in the world combined with Nevada tax benefits – all just four hours from Silicon Valley and under an hour by air.
Number 09 – Italy
Price Upon Request | Olbia Tempio, Italy | Italy Sotheby’s International Realty
Villa Il Forte is situated on the north part of the bay in Porto Cervo, the prestigious north shore of the island of Sardinia. The bespoke kitchen was done by BOFFI, the renowned Italian kitchen designer; it is outfitted with semi-professional appliances, making it perfect for entertaining and crafting unforgettable meals. Villa Il Forte is further exceptional as its one of the only seaside-facing villas with a private beach. The home also serves the boating enthusiast with a permanent private dock, long enough for an 18-meter long boat.
Number 08 – Colorado
$100,000,000 USD | Aspen, Colorado | Aspen Snowmass Sotheby’s International Realty
The sophisticated creature comforts and the unmatched amenities offered in this property combine to create the quintessential mountain compound. The homes and cabins feature a total of 28 bedrooms, 25 baths, five half baths, state-of-the-art life safety, security and home automation systems, recreation and entertainment hall, indoor sports court, walk-in temperature and humidity-controlled wine room and multiple spas. Additionally, several aerated and trout-stocked ponds, breathtaking views and extreme privacy create an awe-inspiring experience enveloped in rustic charm.
Number 07 – California
$100,000,000 USD | Los Olivos, California | Sotheby’s International Realty – Montecito – Coast Village Road Brokerage
Neverland Ranch is the ultimate ranch retreat and gated estate of approximately 2,698 acres located 5 miles north of the town of Los Olivos. Published in The Wall Street Journal, the home was designed by Robert Altevers for William Bone in a French Normandy-style and meticulously crafted to perfection. Nestled between extensively landscaped gardens and a four-acre lake complete with a waterfall, the home offers incredible pastoral and majesticmountain views. The ranch features 22 unique structures, including three separate guest homes, an approximate 5,500-square foot movie theater with stage, and several barns.
Number 06 – Grand Cayman
$35,000,000 USD | Grand Cayman, Cayman Islands | Cayman Islands Sotheby’s International Realty
Though the Cayman Islands enjoy year round sunshine and a temperate climate, this benefit is eclipsed in most people’s eyes by the Islands’ offshore status. The Cayman Islands are well known as a financial center on the world’s stage and provide the highest quality of lifestyle available in a tax neutral environment, making it very appealing to people of high net worth to seek residency here. Castillo Caribe offers a rare opportunity to combine this with privacy, security, luxury and lifestyle all on a pristine white sandy beach overlooking the crystal clear waters of the Caribbean Sea.
Number 05 – New York
$70,000,000 USD | New York, New York | Sotheby’s International Realty – Downtown Manhattan Brokerage
Atop the 1929 Art Deco Walker Tower sits Penthouse One, among the most important apartments in Manhattan. Penthouse One offers nearly 6,000 square feet of living space, with 13-foot-high coffered ceilings, a sprawling south-facing terrace and floor-to-ceiling windows framing 360-degree views from the Statue of Liberty to the Empire State Building.
Number 04 – Florida
$110,000,000 USD | Key Largo, Florida | Russell Post Sotheby’s International Realty
Just ten minutes by helicopter to Miami’s South Beach or by boat to Key Largo, Pumpkin Key is an extraordinary private island totaling 26 acres located in the Florida Keys. Self-sufficient with water and electric from the shore, the island currently features one main home with three bedrooms, two caretaker’s cottages, and a dock master’s apartment. The island also includes a 20-slip marina able to accommodate a mega-yacht, tennis courts that also serve as a helipad and golf cart paths that circle
Number 03 – New York
$80,000,000 USD | New York, New York | Sotheby’s International Realty – East Side Manhattan Brokerage
Built in 1901 and designed by the firm of Welch, Smith & Provot, the exceptionally grand and remarkably beautiful 1009 Fifth Avenue was constructed in the Beaux-Arts style and is rightfully regarded as an architectural tour de force. The residence stands as a splendid example of the extraordinary workmanship of that era and is one of the very few remaining along the Gold Coast of Fifth Avenue. Throughout the house, the interiors feature soaring ceilings, hand-carved wood paneling, gold leaf trimmed fixtures, and intricate plaster friezes. The sweeping staircase ascends five stories and is punctuated by vast windowed landings. The top floors also incorporate a dramatic skylight and are accessed by a separate staircase.
Number 02 – Georgia
$25,000,000 USD | Atlanta, Georgia | Atlanta Fine Homes Sotheby’s International Realty
Perhaps the most compelling private residence ever offered in the history of Atlanta, this home is situated on 17 private and pristine park-like acres with substantial Chattahoochee River frontage. The property offers a wide array of amenities including a resort-style infinity-edge swimming pool, lighted tennis court, fully equipped gym, spa, theater, hobby house, underground ballroom with catering kitchen, formal and informal gardens, entire estate generator, guard house, caretakers suite and Presidential-level security system with two gated and secured residential entrances.
Number 01 – Texas
$725,000,000 USD | Vernon, Texas | Briggs Freeman Sotheby’s International Realty
The WT Waggoner Ranch is one of the largest and most famous ranches in the United Statesand was established in 1849. Never before offered for sale in 165 years of ownership, the sprawling Ranch estate includes more than 510,000-contingues acres spread over six NorthTexas counties, incorporating two main compounds, many homes and significant infrastructure, including a 10,000 square foot Ranch office headquarters in nearby Vernon, Texas. There are approximately 20 cowboy camps ranging from 10,000 to 40,000 acres each. The ranch is offered as a turnkey proposition with hundreds of quarter-horses, many thousands of head of cattle, with approximately 1,200 existing oil wells, as well as mineral rights and 30,000 acres of cultivated farmland. There are also a number of large lakes encompassing thousands of acres, waterways and creeks with approximately 400,000 acres of land remaining undeveloped for oil.
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Beginning with a prestigious gated estate in New Jersey to a sprawling mountain manor in Switzerland, this month’s collection of exceptional properties for sale features homes in some of the world’s most sought after destinations.
$27,800,000 USD | Alpine, New Jersey | Prominent Properties Sotheby’s International Realty
New Jersey – Located in the prestigious and private gated Estates at Alpine, this magnificent estate home, among the most preeminent and elegant of its kind, is located on almost 13 acres. Only minutes from Manhattan, the estate includes a 13,000 square-foot English Manor-style residence, a carriage house, English gardens, aviary and a private stocked pond. Renovated twenty-five years ago, this home, with its classic Palladian influences, now affords the extraordinary opportunity to make it your own.
Price Upon Request | St. Barthelemy | St. Barth Sotheby’s International Realty
St. Barthelemy – Gouverneur Views is the combination of three villas; Villa Mirage is a three bedroom home with an oversized infinity pool and expansive pool deck, Villa Boudoir is one bedroom with an open-air kitchenette and a bar located on the pool terrace and Villa Reflet de la Mer is a gorgeous two bedroom villa that offers a contemporary take on traditional West Indies design and a breathtaking view of Gouverneur Beach. The pool is the focal point of the outdoor living space and the villas are just a short drive to pristine Gouverneur Beach and close to Gustavia’s shops and restaurants.
¥350,000,000 CNY | Beijing, China | Beijing Sotheby’s International Realty
Beijing – The Powerful Mountain project is a quintessential masterpiece developed by R & F Properties Group. The mansion is a detached single house, a truly astonishing unrivaled estate in its scope and architectural form. The property is located within the second ring, the most lively area in Beijing. Inspired by the Baroque Era and imprinted with its signature sophistication, refinement and luxury, this home is surrounded by a Baroque garden and is completed by a indoor swimming pool, wine cellar and home theater.
₪ 160,000,000 ILS | Tel Aviv, Israel | Israel Sotheby’s International Realty
Tel Aviv – Located at the top of one of Tel Aviv’s best residential properties is The Penthouse, an over 16,000 square-foot residence surrounded by sea and skyline views. This masterful and magnificent redevelopment is set within the 19th-century buildings that once housed Jaffa’s French Hospital. Mindful of its heritage as one of Tel Aviv’s iconic historic landmarks, the project seamlessly blends the W Hotels’ signature amenities with architectural features from the original building. Designed by world-renowned architect John Pawson in collaboration with local architect Ramy Gill, the duo tastefully transformed the 2,000-year-old historic foundations uncovered during the construction into inviting public spaces. All of the residences are located in the newly constructed wing adjacent to the main hotel building with a private entrance and easy access to the diverse, high-quality services and amenities at the W Tel Aviv.
Price Upon Request | Geneva, Switzerland | Cardis Immobilier Sotheby’s International Realty
Geneva – This manor estate is surrounded by eight hectares of beautiful grounds. The property is remarkable for its absolute tranquility, unobstructed view of the Alps and the peak of Mont Blanc, and exceptional spaciousness. The property includes a number of leisure areas such as a private nine-hole golf course, a pool with pool house, a tennis court, a bowling court and a playground area in the woods with chalet. The house offers almost 1,000 square meters of habitable floor area and a basement.
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