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Significant Sales | Volume I – Issue IV

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From an elegant, light-filled home in California to a tranquil escape on the Gulf of Mexico in Florida, this issue of Significant Sales also showcases homes from throughout the United States, Turks & Caicos, Belgium, Malta and Italy.

01. Dreyfus

$19,750,000 USD | California, USA | Dreyfus Sotheby’s International Realty

On one of the area’s most desirable streets in the premier enclave of West Atherton, this magni cent estate combines uncommon elegance with a delightful, family-oriented charm. Comprising three levels, the over 13,000-square-foot main home features six large bedroom suites, including a multi-chamber master bedroom. A dramatic, two-story foyer, oak-lined library, executive o ce, formal dining room with butler’s pantry, powder rooms, and spacious terraces that o er striking entertaining spaces, while an expansive eat-in kitchen, family room, mudroom, attached garage, full laundry room on each level, and separate detached garage are artfully designed for family living.

$16,500,000 USD | Florida, USA | ONE Sotheby’s International Realty

This spectacular, newly constructed waterfront estate is located in the prestigious guard-gated community of Gables Estates and sits on an oversized lot on a cul-de-sac. Designed by renowned architect Ralph Portuondo, it features impact windows, soaring ceilings, state-of-the-art appliances, theatre, impressive master bed with luxurious appointments, Lutron home automation and a resort-like backyard outfitted to perfection, ideal for entertaining. Enjoy beautiful views of the water and spectacular courtyards and grounds from every part of this magnificent estate.

03. Briggs Freeman

$14,546,542 USD | Texas, USA | Briggs Freeman Sotheby’s International Realty

Just 35 minutes south of downtown Dallas, Hi-View Ranch encompasses nearly 3,000 exciting acres south of Midlothian, Texas. A noted landmark property for decades, the Hi-View Ranch has hosted upscale events such as the Dallas Cattle Barons Ball. The ranch has several homes fit for families and guests as well as a number of classic older barns. Enjoy endless activities with an 18-acre fishing lake, excellent deer, hog and dove hunting, horse riding, skeet shooting, tennis and more. The topography is diverse with trees, native pastures and spring-fed creeks. From the moment one enters the gates at Hi-View Ranch, the everyday stresses of city-life melt away.

Notable Sales from Around the World

Brussels

€ 9,627,102 | Belgium | Brussels Sotheby’s International Realty

The villa, built in 1961 by architect Keuter was completely refurbished in 2011. It has a living area of approximated 850-square-meters, composed of a main living room with fireplace, a central living room and dining room, all with access to a beautiful terrace and a south-facing garden. The kitchen area includes a furnished office, a kitchen, equipped with the best materials and a dining room.

Turks & Caicos

$22,500,000 USD | Turks & Caicos | Turks & Caicos Sotheby’s International Realty

Oliver’s Cove is perfectly positioned with nearly 800 feet of beach frontage on over six acres, including 357 feet of frontage for future expansion. Oliver’s Cove is the premier estate amongst only 12 private homes on this private island paradise. The Main House, with four bedrooms, five- and-a-half bathrooms and 9,153-square-feet under roof boasts an infinity-edge pool set directly in the sand. The ultra-high quality interior is functional, elegant and exquisitely crafted, featuring approximately 20,000-square-feet of hand-troweled Venetian plaster walls and ceilings with aged, exposed wooden beams and hickory wood flooring throughout.

View the entire issue of Significant Sales

To visit Telluride Luxury Properties click here

The World’s Most Expensive House Is Now For Sale

You can have France’s Villa Les Cedres mansion for a cool US$1.1 billion.

An Olympic-sized pool, a rich history and a stunning, private, 35-acre botanical garden.

The Villa Les Cedres and all its trimmings could be yours for around US$1.1 billion, according to CNBC. As a point of comparison, the reported price tag of the Villa, built in 1870, is just below the value of the media unicorn DraftKings.

The mansion, situated in the billionaire-laden French peninsula of Saint Jean Cap Ferrat near Nice, is currently owned by drinks maker Campari.

It boasts 10 bedrooms, 30 stables, as well as a chapel. Its gardens have been deemed a national heritage site by France’s government, and it was once a holiday home for the King of Belgium, Leopold II. It has also housed stars including Charlie Chaplin and Elizabeth Taylor, according to CNBC. In the 1920s, the Marnier-Lapostolle family—which created Grand Marnier—snapped up the property.

Read the full story on Fortune here.

To visit Telluride Luxury Properties click here.

J. Crew Men’s Designer Heads West This Summer With A Trip To Dunton Hot Springs

From J.Crew Blog:

J. Crew’s Dutch-born men’s designer, Frank, has always gotten ideas for their traditional American gear from the landscapes of the West. This summer, he headed to Colorado’s, Utah’s and Wyoming’s national parks to soak up (and share) some scenery. Here’s a sample of what he saw…and packed.

Arches National Park.
Grand Canyon of the Yellowstone in Yellowstone National Park.
Frank at Taggart Lake in Grand Teton National Park.
Mesa Arch at Canyonlands National Park.

WHY DID YOU PICK THIS PART OF THE COUNTRY?

I’ve had pictures of Dunton Hot Springs [a rustic retreat located in a former ghost town in southwest Colorado] on my inspiration boards for years, so it was just a natural decision to finally go see it in person. Its rough-hewn look and location have always appealed to me. There’s something incredibly romantic about that part of the country. 

WHAT WAS THE BEST PART OF THE TRIP?

Arches and Canyonlands [national parks in Utah] never fail to impress, but my favorite part was watching a herd of bison in Yellowstone… It made me feel at one with nature but also reminded me that this part of the country belongs to the wildlife. Spotting some grizzlies was pretty cool as well! 

WHAT DID YOU PACK?

I almost always pack the same things: a lightweight windbreaker to keep dry, a fleece top to keep warm and some versatile shorts. Sturdy hiking boots are also a must. I wore mine on the plane to save space in my luggage. 

ANY ADVICE FOR YOUR FELLOW TRAVELERS CONSIDERING A TRIP OUT WEST?

Go at the end of May, beginning of June, to avoid the crowds at Yellowstone. The wildflowers will be in bloom and a lot of newborn animals will be out for the first time. We saw bison and moose calves and grizzly cubs. 

To visit Telluride Luxury Properties click here

RESIDE Magazine | Panorama Drama – Featuring Telluride’s “Paradiso”

From the pages of 2016’s second volume of RESIDE, discover homes with advantageous and captivating views in “Panorama Drama.”

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 “Does it have a view?”

It’s what buyers scouting properties in mountain resort communities want to know.

“That’s probably the most-asked question,” says Nels Cary of Telluride Sotheby’s International Realty in Colorado.

The views that extend beyond property lines are as important to luxury buyers as the amenities within the homes.

Telluride

$39,100,000 USD | Telluride, Colorado | Telluride Sotheby’s International Realty

High altitude Telluride is set in the southwest corner of the state and surrounded by a cluster of “14ers” or 14,000-foot peaks of the San Juan Mountains. “The significance of the view cannot be understated,” says Cary. “It’s everywhere and from everywhere.”

Mountain views have been called inspirational, mystical and sometimes sacred. And they affect homeowners in profound ways. “It’s one of those situations where people come here and they’re absolutely mesmerized by the natural beauty of the area,” says Cary. “They put themselves in the picture, seeing themselves with a cup of coffee in the morning enjoying the magnificent views or in the late afternoon taking in the sunset. It’s a big deal.”

France

Price Upon Request | Provence Alpes Cote d’Azur, France | Côte d’Azur Sotheby’s International Realty

It’s hard to quantify the value of a great view, but it can certainly add a double or even triple-digit percentage premium onto the price of a home. In the Idaho panhandle city of Sandpoint, for instance, a five-acre property in a standard subdivision ranges from $100,000 to $150,000. The equivalent home with dramatic views of Lake Pend Oreille, the state’s largest lake, and vistas that span Idaho’s Schweitzer ski mountain as well as snow-capped ridges in Montana, Washington and Canada, recently sold for $1.1 million, according to Jeff Bond of Tomlinson Sotheby’s International Realty, with offices in Sandpoint and Coeur d’Alene. “I happen to live on one of those views. I go home at night and sit on my front deck. It’s a lot better than watching TV,” he says.

Idaho

$1,550,000 USD | Sandpoint, Idaho | Tomlinson Sotheby’s International Realty

The most desirable homes are sited to take advantage of views from multiple rooms. If those views are unobstructed and look out onto protected lands that can never be developed, so much the better. Such is the case with many properties in Big Sky, Montana. It is a region focused on the conservation of native habitat, and its views of Lone Peak, Spanish Peaks and the surrounding wilderness area are iconic.

Nicaragua

$759,000 USD | Rivas, Nicaragua | Nicaragua Sotheby’s International Realty

When it comes to panoramas, Big Sky claims an added bonus. It is located in the Greater Yellowstone Ecosystem in a corridor of migrating elk, moose, deer and bear. “To be in an area where you have that wildlife all around is very desirable,” says Cathy Gorman of Big Sky Sotheby’s International Realty.

Montana

$3,395,000 USD | Big Sky, Montana | Big Sky Sotheby’s International Realty

And transporting.

“There’s the peace and the tranquility,” says Gorman. “To be able to see a herd of elk on the next ridge or a weather condition going by takes you away. In a world of hustle, bustle and tension, the views are a real de-stresser.”

Article provided exclusively to Sotheby’s International Realty® by Iyna Bort Caruso

To visit Telluride Luxury Properties click here

Telluride Ski Resort joins Mountain Collective for 2016-17 season

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The Telluride Ski Resort announced Tuesday that it would be joining the Mountain Collective alliance, a collaborative pass program providing access to some of North America’s best ski mountains. For $409 ($99 for children 12 and younger), Mountain Collective pass holders receive two-day lift tickets to each of the association’s 14 resorts, in addition to other benefits and discounts.

“Telluride is excited to join the Mountain Collective family of resorts,” Bill Jensen, CEO of Telluride Ski & Golf Resort, said in a press release. “Being a part of the Mountain Collective is an outstanding opportunity for passionate skiers and snowboarders to experience Telluride’s extensive terrain and benefit the resort community as Mountain Collective pass holders add Telluride to their list of destinations to experience this winter.”

As part of the Mountain Collective pass, skiers and riders can enjoy two days at 14 ski resorts, including Alta/Snowbird, Aspen/Snowmass, Jackson Hole, Sun Valley, Taos, Whistler Blackcomb and others, with no blackout dates. Though Vail Resorts announced this week that it had purchased Whistler Blackcomb (see story on page 4), the resort will remain part of the Collective for the 2016-17 season, according to a Telski spokesperson.

Additional days at Collective destinations are available at a 50 percent discount, and pass holders are also eligible for Mountain Collective lodging specials.

“We are thrilled to welcome Telluride, one of the world’s truly iconic resorts to the most incredible lineup of destinations on one pass ever assembled. The Mountain Collective is made up of a collection of independently owned, big mountain, life list resorts and we couldn’t think of a better new addition than Telluride,” Christian Knapp, Aspen Skiing Company vice president of marketing, said. “With 14 destinations located around the globe, the Mountain Collective Pass is the perfect incentive for passionate skiers and riders to embark on the winter adventures they’ve long dreamed of.”

When visiting Telluride, Mountain Collective pass holders can take advantage of a lodging deal with The Peaks Resort & Spa, with 10 percent off lodging with a three-night minimum and a $150 Peaks Resort credit that can be used at the resort’s newest restaurant, Altezza at the Peaks, or The Spa at the Peaks.

The Mountain Collective pass is now available online at mountaincollective.com for $409 for adults and $99 for kids ages 12 and under. For a full list of participating resorts and pass benefits, visit the Mountain Collective website. For information on Telluride-specific benefits, or to plan a trip, visit tellurideskiresort.com.

Telski also released season pass information, including new PLUS upgrade passes, which give pass holders some but not all of the Mountain Collective benefits. With the PLUS upgrade, pass holders can get unlimited half-price lift tickets at Mountain Collective resorts.

Adult season passes are on sale online for $1,200 through Oct. 14. A $200 upgrade to a PLUS pass includes unlimited half price tickets at all Mountain Collective resorts with no blackout dates and four $74 friends and family lift tickets for Telluride, according to a resort spokesperson.

Child season passes (ages 6-12) are on sale for $375, with a $100 PLUS upgrade; junior passes (ages 13-18) are on sale for $400 with a $100 upgrade; young adult passes (ages 19-24) are on sale for $800 with a $100 upgrade; senior passes (ages 65-79) are on sale for $800 with a $100 upgrade; and Palmyra passes (ages 80 and older) are free, with a $100 upgrade. Only the $200 adult upgrade includes the ability to purchase discounted friends and family tickets. Those prices are available until Oct. 14.

Season pass prices are up slightly from the 2015-16 season. Last year, adult passes sold for $1,150, child passes for $279, junior passes for $369, young adult passes for $735 and senior passes for $735.

The walk-up lift ticket price this year for an adult will be $119 during the regular season and $129 during peak season. Last year during peak season, the average ticket was $119, and during the regular season, average tickets were $114, according to a resort spokesperson.

To visit Telluride Luxury Properties click here

Houseguest: Underwater Photographer Duo Dives into Turks & Caicos

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As an underwater photography team, Alicia and Jim Ward thrive cooperatively to capture beautiful images of the world’s oceans.  Together they embrace challenging conditions to continuously push their creative capabilities to showcase the enchanting life beneath the surface.

In this episode of Houseguest, Alicia and Jim visit Turtle Tail, a spectacular tropical compound in Turks & Caicos located on a private peninsula. Watch how this couple discovers the dynamic fusion of home and nature found at this breathtaking estate.

To visit Telluride Luxury Properties click here

Hotel Ajax secures construction financing

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Architect rendering of Hotel Ajax looking East towards Bridal Veil Falls.

Telluride Ajax Investment Partners announced Friday that it has reached an agreement with a construction lender that clears the way for construction to commence on the Hotel Ajax project this fall.

Groundbreaking on the $60-65 million development on the empty lot at the corner of East Colorado Avenue and Willow Street is expected in the next 45 to 60 days, according to lead developer Randy Edwards. Preliminary work on the foundation will start next week.

This project includes a 50-room luxury hotel with a chef-inspired restaurant, spa and fitness facility, rooftop bar, swimming pool and plaza area overlooking the river and Town Park.

Eleven luxury condominiums situated on the upper two floors will complement the hotel lodging below, according to a news release from the development team.

Edwards said the idea for the project was conceived about two years ago. Though the approval process was “arduous at times,” he said that residents and officials of Telluride should be pleased with the finished product.

“From the residents’ standpoint, we had very little opposition, because we’re on that last block of the commercial core,” he said. “It’s going to change the east end, giving the businesses down there an anchor, and I think it’s really going to bring some balance to main street.

“We’re really excited about it. It took us a little more than two years to get to this point,” Edwards added.

He estimated a construction phase of 21 to 24 months. Though the winter season can be hard on large-scale construction projects, he said the fall construction start was deliberately planned because of the relatively low water table in the months prior to winter.

Hall Structured Finance, a Dallas-based lender that specializes in construction loans for hotel properties throughout the U.S., has been engaged for the financing.

“We are very pleased to be working with this development team on such an exciting legacy development like Hotel Ajax in Telluride,” said Mike Jaynes, president of Hall Structured Finance, a subsidiary of Hall Financial Group, a real estate development and investment firm.

The project site at 300 East Colorado Ave. is formerly known as the Willow Post Office parking lot. It was purchased for development purposes in 2014.

BOKA Powell Architecture developed a streetscape that appears to be five separate buildings on Colorado Avenue, though it actually is a single structure. Flick Mars, a national hotel design firm, is planning the interiors.

The hotel will be operated under a license agreement from Starwood Hotels and Resorts and branded as a Luxury Collection Hotel. It will be managed by Harrell Hospitality Group, a Starwood and Marriott approved management company. Harrell Hospitality also is headquartered in Dallas.

Earlier this year, Starwood and Marriott announced they would be merging by the end of 2016, creating the largest hotel company in the world with more than 60 million frequent-stay members.

“We are excited to be a part of the Hotel Ajax development and management team, and to see the impact of this iconic international hotel in Telluride,” said Harrell Hospitality CEO Paul Barham. “With the combined marketing strength and prominence of the Starwood and Marriott systems, we should see a significant benefit to the market occupancies in Telluride.”

The news release said the 11 luxury residences on top of the hotel would be “blessed with epic scenic and solar qualities, in addition to the access to the amenities and services offered by the hotel.”

Unit demand has been strong, the development team said, with seven of the 11 homes already under reservation contracts. The homes, primarily one-level flats, will range in size from 1,700 to 4,000 square feet, with two to four bedrooms and “bonus flex rooms.” Prices range from $1.99 million to $6.99 million.

“Befitting the five-star qualities of the hotel, the sophisticated mountain modern designs will showcase some of the most elegant finish qualities in the Telluride market,” the release concluded.

For more information on the project, visit the website here: http://tellurideluxuryproperties.com/ajax-hotel/

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