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New & Notable Luxury Properties for Sales | August 2018

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From a private atoll in French Polynesia to Hawaiian-inspired home in Manhattan Beach, California, these are this month’s four featured notable properties for sale.

French Polynesia

Jacques Menahem, French Polynesia Sotheby’s International Realty 

The Nengo Nengo atoll is located at about 100 kilometers southwest of Hao and at about 775 kilometers east of Tahiti. This private atoll has an oval shape, and it’s vast and stunning internal lagoon spreads over some 67 square-kilometers. For the past twenty years, it has been the breeding waters of one of the world’s most beautiful gems: The Tahitian Black Pearl.

Ontario, Canada

Paul MarangerFran Bennett & Christian Vermast, Sotheby’s International Realty Canada

A trophy property of the highest order, this home was designed for both formal business entertaining and extraordinary family gatherings. Without question, one of Canada’s finest estates, the nearly ten acres of direct waterfront on Lake Ontario are within easy highway reach of Toronto’s financial district and the international airport.

Fredericksburg, Texas

Gary Dolch & Michelle Dolch, Kuper Sotheby’s International Realty 

The Arch Stanton Ranch is approximately 475 acres located just West of Austin, Texas and Main Street in Fredericksburg, Texas – Gillespie County. This prime, live-water property is home to the largest collection of rare, historically significant restored US antique barns in the country, and likely the world.

Manhattan Beach, California

Jack GillespieClaire Gillespie-WaldronMaggie Gillespie-Wright & Barry Host, Vista Sotheby’s International Realty 

The finest resorts are created with one goal in mind, to transport you out of everyday life invoking a sense of tranquility. Renowned architect Louie Tomaro envisioned this home’s design to delight in every moment on the world-famous Strand. This Warm Island Contemporary dream home is unrivaled. The design was inspired by the incomparable Four Seasons, Hualalai – a decadent resort on the Kona Coast.

To visit Telluride Luxury Properties click here

Significant Sales | Volume 2 – Farm & Ranch

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Like a timeless work of art, farm and ranch properties are often iconic trophy and legacy investments meant to be passed down through generations. In this special edition of Significant Sales, we present the most remarkable Farm & Ranch properties that changed hands through our network in 2017.

See all 30 properties featured in this special edition of Significant Sales


Luxury Lifestyles | Farm & Ranch Living Featuring Telluride’s Legendary “BBR”

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.

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 $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.

Greece

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.

Georgia

$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.

Idaho

$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.”

Explore all of our Farm & Ranch Lifestyle Listings on SIR.com

Article provided exclusively to Sotheby’s International Realty, LLC. by Derek Duncan

10 Most Popular Properties of 2015

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

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$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

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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

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$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

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$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

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$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

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$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

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$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

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$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

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$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

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$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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