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Mansion Global | View from the Top: Five Penthouses with Endless Vistas

These days, penthouses are easy to find — any unit that happens to sit on the top floor of a shiny, new condominium will bear the name. But without a jaw-dropping view, many are just fancy apartments in the sky. A true penthouse rises above all others, treating its owner to exclusive vistas of the surrounding area.

Whether you prefer the city lights from a modern high-rise or waves crashing below a beachfront retreat, a stunning view can be a major selling point.

Here’s a look at five multimillion dollar views from penthouses around the world.

NEW YORK


Corcoran

PRICE: $68.95 million
BEDROOMS: 4
BATHROOMS: 4 full, 1 partial

Known as the Dome Penthouse, this extravagant residence occupies the 18th and 19th floors of the famed Plaza Hotel. The 5,655-square-foot home, which belongs to fashion mogul Tommy Hilfiger, is lavishly appointed with bold colors and rich textures. The apartment comes with a private patio with unobstructed views of Central Park. Residents will have access to all of the hotel’s amenities, including housekeeping, valet and 24-hour room service. An added perk: The concierge can book a private jet.

Agent: Marie-Claire Claessen-Gladstone, The Corcoran Group

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MIAMI


Durston Saylor

PRICE: $53 million
BEDROOMS: 4
BATHROOMS: 5 full, 2 partial

Set in the exclusive South of Fifth enclave, at the southern tip of Miami Beach, this two-story penthouse spans the 9th and 10th floors of the boutique condominium 321 Ocean. The 6,807-square-foot residence has an open floor plan; floor-to-ceiling windows offer sweeping views of South Beach and the Atlantic Ocean. The residence also features a private rooftop terrace with a bar and a 36-foot-long, infinity-edge swimming pool — perfect for sundowners.

Agent: Jorge Uribe of ONE Sotheby’s International Realty

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PARIS


Knight Frank

PRICE: €3.49 million (about $3.98 million)
BEDROOMS: 3
BATHROOMS: 3

What could be more quintessentially Parisian than a view of the Eiffel Tower from your living room? The roughly 1,450-square-foot, newly renovated apartment sits on the top floor of an early 20th-century building in the 7th arrondissement. The renovating architect replaced part of the roof above the living room with a glass panel. The base of the Eiffel Tower is visible from a window; the rest of the landmark can be seen through the sloping roof.

Agent: Roddy Aris, Knight Frank

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LONDON


United Kingdom Sotheby’s International Realty

PRICE: £8.95 million (about $12.72 million)
BEDROOMS: 4
BATHROOMS: 4

This two-story penthouse in the posh Marylebone neighborhood underwent a full renovation. With more than 4,000-square-feet of living space, the residence offers a spacious floor plan, with nearly floor-to-ceiling windows on all sides offering striking views of the London skyline. The residence is also equipped with a modern kitchen and smart-home technology.

Agent: Raphael Fitoussi, United Kingdom Sotheby’s International Realty

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DUBAI


Gulf Sotheby’s International Realty

PRICE: Upon request
BEDROOMS: 4
BATHROOMS: 4 full, 5 partial

The penthouse occupies the 45th floor of Le Rêve, one of the tallest residential buildings in the world. The 13,400-square-foot residence offers views of the Dubai Marina, the Palm Jumeirah and the iconic sail-shaped Burj Al Arab hotel. It also includes more than 800 square feet of terrace space, so the stunning views can be enjoyed outside. The penthouse comes with living accommodations for two chauffeurs on the parking level.

Agent: Jonathan Gardner, Gulf Sotheby’s International Realty

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To visit Telluride Luxury Properties click here

Mansion Global: Here’s Where the World’s Richest Are Taking Their Private Jets, And What to Buy There

Art Basel, the Monaco Yacht Show and other fashionable events contribute to surges in private jet travel, and consequently, the purchases of second homes

Sotheby’s Top 10 Significant Sales of 2015

From captivating waterfront retreats and soaring metropolitan penthouses, to vast, sprawling ranches and everything in between, many remarkable properties changed hands through our network during last year. Explore the Top 10 Significant Sales of 2015 below.

#10 – Florida

10-ONE 26.5m

$26,500,000 USD | Florida, USA | ONE Sotheby’s International Realty

One of Ft. Lauderdale’s premiere trophy homes is positioned on three lots in the exclusive guard-gated Harborage Isle. Boasting wide Intracoastal and city views and a 505 foot of mega yacht dock, the incomparable estate offers six beds, seven baths, a six-car garage and over 17,000-square-feet. Other features and amenities include a rotunda entry, double staircase, elevator, beautiful marble, onyx and hardwood flooring, 24-foot windows, five fireplaces, wine room, bar, home theater, office and gym.

#09 – New York

$28,500,000 USD | New York, USA | Sotheby’s International Realty – East Hampton Brokerage

Located in the prestigious Further Lane Farm compound, this 17,000-square-foot estate on nearly six gated acres features sweeping views over 41-acres of protected farm reserve, just minutes from the ocean. Designed by architect John Murray with interiors by noted decorator Victoria Hagan, the estate offers large light-filled open rooms featuring a big family room, kitchen, master suite plus nine additional bedrooms and a media/playroom A 60-foot pool with pool-house and a Har-Tru tennis court are always found on the compound.

#08 – New York

08-EastSide 30m

$30,000,000 USD | New York, USA | Sotheby’s International Realty – East Side Manhattan Brokerage

History, elegance, and the conveniences of modern restoration converge in this magnificent home. Boasting unobstructed views down Fifth Avenue, Central Park, the midtown skyline and The Jacqueline Kennedy Onassis Reservoir, this home’s 26 windows and custom detailing accentuate the graceful layout of the grand scale rooms. A Shelton, Mindel and Associates extensive three-year renovation, featured by Architectural Digest, only enhances this rare opportunity to live in one of Fifth Avenue’s most highly regarded buildings.

#07 – California

141 Tuscaloosa, Atherton

$31,000,000 USD | California, USA | Dreyfus Sotheby’s International Realty

This luxury estate is situated on two parcels totaling almost four acres. Spanning over 10,000 square feet, this gorgeous home incorporates grand-scale rooms including a foyer, formal living and dining rooms, media room with bar, family room and library. The personal accommodations consist of six bedroom suites and six-and-a-half baths including a ground-level in-law or au pair suite with eat-in kitchen. The elegant master suite has an adjoining office, luxurious master bath, walk-in closet and separate terrace.

#06 – Texas

06-BriggsFreeman 31m

Price Undisclosed | Texas, USA | Briggs Freeman Sotheby’s International Realty

Once owned by legendary cattleman Charles Goodnight, known as the “father of the Texas Panhandle,” the Bitter Creek Ranch is almost 36,000 contiguous acres that was once the Mare Pasture of the famed JA Ranch. The JA Ranch in Palo Duro Canyon was the Panhandle’s first ranch and could have been used for a variety of income producing uses, but the new buyer plans to continue it as a large cattle operation. Located on Highway 70 in Donley and Hall counties, Bitter Creek is well known for its hunting with extensive quail, dove, turkey, whitetail and mule and excellent fishing can be found in the ranch’s two stocked ponds. The extensive improvements include several homes, hunting lodges and camps.

#05 – California

05-BeverlyHills 33m

$33,000,000 USD | California, USA | Sotheby’s International Realty – Beverly Hills Brokerage

Hummingbird Nest Ranch, a world class facility on a 123-acre site, rests inside thousands of acres of Santa Susana mountains parkland. As of June 2014, commercial approval by the city of Simi Valley for a 226 keys hotel, wellness center, fitness/recovery, conference center and 46 new houses was granted. Existing are 16 guest houses, totaling 57 bedrooms, 40 baths, and 18 kitchens. A Mediterranean mansion sits atop the mountain with 13-foot high ceilings and expansive French doors all opening onto verandas. The compound includes a French kitchen, parking for over 300 cars, $100,000 PA system, 60 stalls in three barns, three wells for irrigation, two warehouses, 14 hydrants, solar energy-green and a FAA licensed helipad.

#04 – New York

04-East Side 37m

$37,000,000 USD | New York, USA | Sotheby’s International Realty – East Side Manhattan Brokerage

Paul Mellon, heir to one of America’s great banking fortunes, and his wife, Bunny Mellon, built this extraordinarily beautiful 40 foot wide townhouse on a fabled Upper East Side block in 1965. Featured in The World of Interiors magazine, the townhouse, designed in the neo-French classic style and evoking the charm of the French countryside, reflected the passions of its owners. Paul Mellon curated his art collection in the library overlooking the exquisite garden with reflecting pool and gazebo, where Bunny Mellon, designer of the White House Rose Garden and friend to U.S. First Lady Jacqueline Kennedy Onassis, indulged her love of gardening. The high-ceilinged drawing room and dining room lead to a spectacular terrace, the center of celebratory parties. The townhouse has 5-8 bedrooms, with flexibility for guests and staff, eight baths, chef’s kitchen, wine room and elevator. Most rare, however, the house has three exposures, affording brilliant sunlight into some of the most beautiful rooms on the Upper East Side.

#03 – Florida

DCIM121GOPRO

$47,000,000 USD | Florida, USA | ONE Sotheby’s International Realty

This captivating waterfront estate sits on two gated acres on a private peninsula overlooking Biscayne Bay with the Miami skyline as a backdrop. The 12,000-square-foot home home has five-stories, six bedrooms, eight full baths, stunning 360-degree water and city views with 2,000 feet of water frontage. The grounds offer a fabulous pool, gazebo area and private deep water yacht harbor. The property was the playground of America’s elite at the turn of the century calling the Vanderbilt’s and Carnegie’s guests.

#02 – New York

Ranch Road, Montauk by Alex Ferrone

$50,000,000 USD | New York, USA | Sotheby’s International Realty – East Hampton Brokerage

Eothen (meaning “from the east”) represents a rare opportunity to own one of America’s greatest and most storied summer compounds. Few locations in the world afford the unparalleled combination of approximately 30-acres of oceanfront compound with a historic equestrian farm.  Surrounded by miles of riding trails and hundreds of acres of adjoining oceanfront reserve, this property provides ultimate privacy while being located in the hottest market on the east end, Montauk.  A true East End landmark, the nearly six-acre estate was built in the early 1930s as a “fishing camp” by the Church family, of the Arm & Hammer baking soda fortune.  Subsequent owner Andy Warhol made the compound famous frequently entertaining a host of luminaries including Jackie Onassis, Mick Jagger, Elizabeth Taylor and John Lennon. Horses graze on the 24-acre equestrian facility, which graces the approach to the oceanfront compound and boasts two restored barns built by Carl Fisher in the late 1920s.

#01 – New York

01-East Side 55m

$55,559,392 USD | New York, USA | Sotheby’s International Realty – East Side Manhattan Brokerage

This home is located on a full floor in the tower of Manhattan’s tallest residential building high over Central Park.  It has exceptional personal service from Park Hyatt’s new five-star flagship hotel available to all owners.  One57 is surrounded by the city’s best restaurants, shopping, entertainment and cultural offerings of Lincoln Center, Carnegie Hall and Broadway.

View Significant Sales – Best of 2015 here!

To visit Telluride Luxury Properties click here

DWELL: One of these ultra-modern bathrooms could be the escape of your dreams

dwell2

Click on image to view all bathrooms

Have you always imagined living in a home that has a bathroom that feels like your own personal spa and leaves visitors enchanted? Whether it’s a Zen retreat surrounded by boundless mountains or hidden within a penthouse suite overlooking the ocean, these modern bathrooms will stop you in your tracks. Presented by Sotheby’s International Realty Affiliates LLC.

The Rise of the Multi-Homer

An increasing number of ultra high net worth (UHNW) individuals are buying non-traditional homes outside their domiciles according to a new study by Wealth-X and the Sotheby’s International Realty® brand, released today.

Wealth-X has identified more than 211,000 ultra high net worth individuals globally – defined as those with US$30 million and above in net assets – and 79% of them own two or more residences.

The Wealth-X and Sotheby’s International Realty UHNW Luxury Real Estate: Multi-Homers Report reveals that these UHNW buyers look for residences that are environmentally sustainable, technologically sophisticated, or that fit better with their personal and family needs.

WealthX_4_postcard_Capture

Below are other key findings from the report:

  • The average UHNW Multi-homer is 63 years old, has a net worth of US$165 million and is married.
  • The United States is the most popular location for second homes among the ultra wealthy, followed by the United Kingdom and Switzerland.
  • Four types of luxury home types have emerged as favorites among the global ultra wealthy: Green Homes, Smart Homes, Private Islands, and Serviced Apartments. These types of luxury residences serve their needs, aspirations, and lifestyle considerations.
  • The Caribbean and the Mediterranean remain favorites among UHNW buyers for private island homes, but Southeast Asia, Canada, Belize and the United Kingdom are gaining popularity.
  • UHNW Multi-home buyers are fueling market growth in regions beyond global urban hubs such as London, New York City and Hong Kong. The report profiles Miami, Florida; Geneva, Switzerland; and Long Island, New York.

Wealth-X President David Friedman commented: “Wealth-X is pleased to partner with the Sotheby’s International Realty brand for this fourth joint report in 2015. This report underscores Wealth-X’s commitment to conducting ground-breaking research on the world’s ultra high net worth (UHNW) population. Expert commentary from Sotheby’s International Realty complements Wealth-X’s global intelligence on the world’s UHNW population, producing a report that demonstrates a true collaboration between the world’s leading UHNW intelligence provider and the global leader in luxury residential real estate.”

“Our partnership with Wealth-X has proven to be invaluable as we continue to explore the motivations of the world’s ultra high net worth,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates, LLC.  “The research from our latest report uncovers current trends in home purchasing behavior and chief lifestyle considerations, helping us gain insight into investment strategies of the UHNW population.”

 Download the latest report here.

To visit Telluride Luxury Properties click here

Market Watch: 5 Real Estate Trends to Watch in 2015

By

DANIEL GOLDSTEIN

PERSONAL FINANCE REPORTER

Credit crunch to continue for many

LoanDepot’s Hsieh says he has been encouraged by the recent moves by the federal government to expand credit by allowing agencies to buy loans with lower down payments as well as other moves that are designed to give lenders more guidance and confidence in making loans.

“There’s lots of communications coming out that we need to increase availability of credit the marketplace,” he said.

Still, the overall tightness in credit standards will continue to hurt first-time borrowers in 2015, especially the millennials. While the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to begin buying loans in 2015 with as little as a 3% down payment, Trulia’s Kolko says that is unlikely to help.

“For young people, a slightly lower down payment requirement won’t solve the problem of not having a good steady job and a good credit history,” Kolko says. Many millennials are struggling with crushing student loan debt burdens and jobs that don’t pay well, which hurts the all-important debt-to-income ratio that’s computed into lending decisions.

Scott Everett, president of Supreme Lending in Dallas, which made more than $4 billion in home loans in 2014 says that compliance costs of Dodd Frank regulations and fear of the Consumer Financial Protection Bureau (CFPB) will spur another round of mergers and consolidation among lenders in 2015. “A compliance department that used to have two people now requires twenty-two,” he said.

Local markets to watch

For real estate investment hot spots for the wealthiest like New York, property is likely to get even more expensive, as economic and political turmoil make other markets look less attractive.

“Hong Kong, Moscow and Dubai are no longer ‘safe’ investment spots compared to New York and London,” said CityRealty’s Levy, who expects nearly a dozen ultra-luxury apartments in Manhattan to sell for more than $100 million each in 2015.

Elsewhere in the U.S., former Rust Belt cities like Pittsburgh, Cleveland, Milwaukee and even Detroit are trying to repurpose themselves and could provide investors new opportunities. “You can get in at one-tenth the cost,” of a New York or a San Francisco, says Levy.

Elsewhere, cities like Boulder, Colo. and Austin, Texas, have become technology hubs and established themselves as good markets for real estate investments. “Smaller cities are going to be an interesting story for the next couple of years,” he said. Other North American hot spots will continue to be Miami and Toronto, he said.

On the flip side, Daren Blomquist of RealtyTrac says that inland California, which was hit badly in the last real estate crash, could be due for yet another correction, as a result of the five-year long drought that has devastated crops and ranching in the typically fertile valley that stretches for hundreds of miles from Chico to Bakersfield. “It’s really in dangerous territory because of the drought,” he said. “They are still reeling from the last crisis and unemployment is still really high.”

Gas prices could affect the housing market

The late 2014 gift of lower gas prices (which could act as a $1,000 to $2,000 tax break for middle class families) could carry over into the housing market, at least in a small way.

Blomquist says lower gas prices could boost the refinance markets or encourage move-up borrowers. “I don’t see it moving the needle that much, [but] it could make some homeowners more comfortable tapping their equity,” for a large purchase such as a boat or a vacation home.

Gas prices fell for 88 straight days between Sept 25 and Dec. 22, according to AAA, to a national average of $2.39, down 85 cents a gallon from a year ago. The savings amount to about $450 million a day for consumers, AAA said.

If low(er) gas prices do last for at least a year or two, Blomquist said it could help the entry-level home buyer who typically has to “drive till you qualify.” It could also help some far-flung suburban communities like Stockton, Calif., which bore the brunt of foreclosures when gas prices soared and commuters could no longer afford their homes. Kolko of Trulia says lower gas prices “could alter some housing patterns with some willing to have a longer commute,” he said.

The oil-price crash of the 1980s brought down real estate markets like Houston, and to a lesser extent, Dallas. The good news: Today those markets are more diversified, with technology and financial services companies and more corporate headquarters than 30 years ago, says CityRealty’s Dan Levy. “There isn’t the crazy overbuilding that we saw during the tail end of the S&L crisis,” in the late ‘80s and early 1990s, Levy said.

To read the complete article, click here

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