Inspired by the finest villas of the Dolomites and Tuscany, this dramatic stone residence is the most authentic example of traditional Italian alpine design in the Telluride Region. Set high upon a knoll-top at the end of a private road with direct trail-side ski access, this gracious family home offers sweeping views of mountain peaks, spruce and Aspen forests and the contiguous groomed ski trails of the Telluride Ski Resort. Borne of decades of travel and collecting throughout the European countryside, the property’s custom-quarried stone, tumbled brick, antique marble, centuries-old fixtures,timbers flooring, were all imported from Italy to the exacting standards of one of the country’s top architects and one the region’s top builders.
A dramatic private courtyard entered through ornate iron gates, opens to warm and inviting spaces featuring wood-burning fireplaces, coffered and barrel-vaulted ceilings, Venetian plaster walls, and beautiful custom windows and doors that welcome guests through out the seasons, among a series of suites and recreational rooms. Throughout the home top-of-the-line A/V equipment satisfies a true audiophile while generous heated garages and parking areas accommodate multiple vehichles along with owner storage. The home is encircled by lush tree-lined & flower-filled gardens, leading to a private spa adorned in Italian mosaics and antique tile complimented by beautiful hand-painted frescoes. A truly rare offering in the finest of settings. To see more on the property click here
Ultra wealthy individuals are buying up luxury homes around the world to further diversify their holdings, according to a new report by Wealth-X and the Sotheby’s International Realty® brand released today.
The joint report, Europe, Middle East and Africa Luxury Residential Real Estate Report For 2015,provides insight into the EMEA region’s luxury residential real estate market and identifies purchasing and investment opportunities for ultra high net worth (UHNW) individuals looking to diversify their holdings.
The report shows that the UHNW Residential Real Estate index tracked by Wealth-X hit a new record high of 112.1 in the first quarter of 2015, up nearly 4 percent from the fourth quarter of 2014, and 7 percent from the first quarter of 2014. This highlights the strength of the global luxury real estate sector on the back of demand by ultra high net worth (UHNW) individuals.
The index takes into account the full range of luxury residential properties that are owned by the world’s wealthiest individuals. Wealth-X data shows there are 211,275 UHNW individuals globally, who collectively own nearly US$3 trillion of real estate, equal to 10 percent of their net worth.
Below are other key findings from the report:
- The EMEA region offers purchasing and investment opportunities, particularly in Madrid, Dubai and Cape Town (three EMEA cities featured in the report), where luxury properties and strong lifestyle considerations may appeal to UHNW buyers.
- London remains the top real estate hub for the EMEA region. The city’s price per square foot (US$3,103) is nearly four times that of Dubai, six and nine times more than Madrid and Cape Town respectively.
- One-third of all premium London properties for sale (homes valued above US$1 million) are worth more than US$10 million. By comparison, Dubai has only 8 percent of its luxury properties listed in the super prime range above US$10 million.
- The less expensive price per square foot for premium real estate in Cape Town generally leads to larger houses. A luxury property in the South African city has six bedrooms on average – higher than Madrid and Dubai, the two other cities profiled in the report.
“Wealth-X is pleased to partner with the Sotheby’s International Realty brand for this second luxury real estate report for 2015. Because it touches upon several key elements in an ultra affluent individual’s life, including lifestyle, investments and family, luxury residential real estate encapsulates a core part of their identity,” commented Wealth-X President David Friedman. “As their wealth continues to grow, so will their investment fueled by flight to safety from less geopolitically stable geographies.”
According to Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC, this joint report was designed to provide a deeper understanding of the UHNW consumer, specifically in the EMEA region. “The research shows that trends and the economic climate in some EMEA countries are stimulating alternative investments such as real estate in these local markets,” he said. “These opportunities are exciting and we are proud to be able to provide an in-depth look at them.”
Download the Report >
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