Luxury Real Estate Headlines: Fourth Week in March 2015

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

2015_03_27_ Marthas Vineyard

$2,889,000 USD | Martha’s Vineyard, Massachusetts | Wallace & Co. Sotheby’s International Realty

On Martha’s Vineyard, located 7 miles off Cape Cod, picnickers can enjoy lobster rolls on Menemsha Beach, famed for its sunsets, in Chilmark. The island also has five historic lighthouses, more than 50 art galleries and numerous local boutiques—chain stores are largely banned here.”

Top Spots for Luxury Getaway HomesThe Wall Street Journal

On the Market: Photographer Peter Lik’s lush surf-hut-inspired retreat overlooking Honolua BayArchitectural Digest

House hunting: 7 homes for amateur chefsThe Week

$2,200,000 Homes in Chicago, Colorado and New HampshireThe New York Times

House of the Day: A $4.4 Million House Where the Manatees SwimThe Wall Street Journal

On the Market: Famed editor Maxwell Perkins’s former residence in New Canaan, ConnecticutArchitectural Digest

On the Market: A historic Mediterranean Revival home in Sapphire ShoresArchitectural Digest

On the Market: A Colonial-style home designed by Georgia architect Philip Shutze in Tuxedo ParkArchitectural Digest

Financing a Vacation HomeThe Wall Street Journal

Sotheby’s International Realty Brand Enters BrazilSotheby’s International Realty

Market Spotlight | Monaco

“Monaco is one of the most widely known hubs for the world’s wealthiest, setting records for the most expensive luxury real estate properties around the world,” according to findings in our recent Global Luxury Residential Real Estate Report with Wealth-X. Located on the French Riviera in Western Europe, Monaco is home to some of the world’s most exclusive events for ultra-high net worth individuals, from the Monaco Yacht show to the Monaco Formula One Grand Prix. Bordered by France and the Mediterranean Sea, Monaco is a premier luxury tourist destination and has “the highest proportion of residences owned by ultra-high net worth individuals based outside of the country,” according to the report.

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“Over the past two years, the Monaco real estate market has seen an incredible boom thanks to an influx of new residents looking for a financially stable environment with a high quality of life. Sotheby’s International Realty France-Monaco’s multi-lingual team has assisted clients from dozens of different countries including Italy, Germany, Russia and the UK, negotiating multi-million purchases from €2,000/square meter to more than €8,000/square meter.”—Alexander Kraft Chairman & CEO Sotheby’s International Realty France-Monaco

Monaco-1Price Upon Request | Monte Carlo, Monaco | C.I.C. Immobilier Monte-Carlo Sotheby’s International Realty

Spread out over three levels, this exquisite villa offers captivating views of the sea. With spacious living and dining areas, rooftop terrace, and a summer kitchen among its amenities, this home truly speaks to beauty and refinement that is living in Monaco.

Monaco-23.500.000 € EUR | Monte Carlo, Monaco | C.I.C. Immobilier Monte-Carlo Sotheby’s International Realty

With unrivaled views of the Port of Monaco and the Rocher, this prestigious residence is in one of the most sought after locations within Monaco. The property includes concierge service, a swimming pool, and is designed with an incomparable modern eye.

Monaco-3 17.500.000 € EUR| Monte Carlo, Monaco | C.I.C. Immobilier Monte-Carlo Sotheby’s International Realty

This inviting apartment is nestled in a quiet area next to the harbor of Fontvieille. With an unmatched view of the sea, large entertaining and living spaces, five bedrooms, and the tranquility of a sauna, this private home epitomizes the Monaco lifestyle and showcases the inspiring beauty of the region.

Discover Luxury Real Estate in Monte Carlo>

Inviting Cottage in Santa Rosa Beach, Florida | Video House Tour

$1,395,000 USD | Santa Rosa Beach, Florida | Scenic Sotheby’s International Realty

This custom built home with guesthouse is located on a canal leading into Western Lake. It features exceptional architectural detail and interior finishes. Ideally located close to Seaside, Watercolor, and the beaches, this home offers the privacy and charm of Old Seagrove. The generous great room includes a gas fireplace for ambience. The gourmet kitchen is complete with stainless steel appliances, granite countertops and handy wet bar. A guest bedroom with private bath is located on the 1st floor. Upstairs are two additional guest bedrooms sharing a spacious bathroom. The master suite includes screened deck, spa-like master bath, and walk in closet. The deck and screened porches provide spacious outdoor space for entertaining and enjoying quiet moments in a natural setting.

Sotheby’s International Realty Brand Enters Brazil

Brazil j7js3jSotheby’s International Realty Affiliates LLC today announced that Imobiliaria Bossa Nova in Brazil has joined the Sotheby’s International Realty® brand and now will do business as Bossa Nova Sotheby’s International Realty.

The firm, led by owners Luciano Amado as president and Marcello Romero as vice president, is located at Alameda Gabriel Monteiro da Silva 2027, Pinheiros, São Paulo.

“São Paulo and Rio de Janeiro are exciting markets that encompass extraordinary properties in a broadly diverse destination, and they provide a highly influential source of avid real estate buyers,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “We are pleased to welcome Luciano, Marcello and their team to our global network.”

According to Romero, the new affiliation with the Sotheby’s International Realty brand represents the opportunity for them to expand and grow.  “The support of this brand will allow us to supply our team with new technologies, training and market intelligence, combined with an extraordinary inventory in São Paulo, Rio de Janeiro and top beach and countryside locations,” said Amado. “Thanks to this affiliation, we now have direct access to a global market through the Sotheby’s International Realty brand’s 760 offices worldwide.”

The Sotheby’s International Realty network currently has more than 16,500 sales associates located in approximately 760 offices in 60 countries and territories worldwide.  Bossa Nova Sotheby’s International Realty listings are 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 their 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.

Search Luxury Real Estate in Brazil >

Key Locations for Ultra High Net Worth Real Estate

As our global luxury real estate market continues to develop and grow, key locations have begun to stand out as hubs for the Ultra High Net Worth (UHNW). As reported in the key findings of the Wealth-X and Sotheby’s International Realty Global Luxury Residential Real Estate Report, “New York, London, Hong Kong, Singapore and Paris are the most important international hubs for UHNW residential real estate.” With Los Angeles, San Francisco, Washington D.C., Dallas and Mumbai rounding out the top ten, it’s not surprising that some of the world’s most notable and famous cities are featured here. Explore homes below in cities that show particular clustering of the UHNW.

According to the report, “New York City is one of the biggest financial hubs in the world, attracting investors and real estate developers as well as individuals who want to profit from the market and have significant business interests or personal and family ties to the city.”

NYC$82,000,000 USD | New York, New York | Sotheby’s International Realty – East Side Manhattan Brokerage

This architectural tour de force is a quintessential New York City apartment. The four-bedroom penthouse features unrivaled panoramic views of Central Park, captivating sunlight in every room, state-of-the-art design, stainless steel chef’s kitchen and a spacious library among others. A testament to both great design and exemplary craftsmanship, this in an ideal residence for refined entertaining and sophisticated living offering the ultimate New York City experience.

Key findings in the report show that London is not just, “one of the most important cities for luxury residential real estate,” but that “foreign investors view London as a ‘safe haven’ for prime property investments.”

England£12,950,000 GBP | London, England | London Sotheby’s International Realty

Abundant in elegance, this recently restored, gated estate offers a blend of modern design with enduring architecture. Tile floors, dark wood detailing, skylights, and a walk out to the exquisite west-facing garden make this home inviting and sophisticated. Just south of the Thames and London’s city center, this exquisite home is a private and inviting piece of London living.

Hong Kong has long been known as one of the main financial hubs in Asia. With an ever-increasing population, it is not surprising that the price of luxury residences per square foot has remained both high and relatively stable,” according to the report.

HongKong$350,000,000 HKD | Hong Kong | Hong Kong Sotheby’s International Realty

This gated residence is located within the serene setting of a tranquil, private park. Two guarded entrances and driveways lead towards this grand, colonial-inspired estate, envisioned in a fascinating balance between western and eastern culture. Situated in the New Territories near the Chinese border, it offers easy access to the special economic region of Shenzhen, the Fanling Golf Club and is only a short drive away from Central Hong Kong. Offering an abundance of space and privacy, the main house features floor-to-ceiling, sparkling, crystal cut windows with exotic wooden frames, marble flooring, floor mosaics, and wrought iron balustrades throughout.

In the report, Alexander Kraft, Chairman & CEO of Sotheby’s International Realty France – Monaco, states, “Paris continues to be one of the world’s most sought after destinations for international buyers. However, in comparison with other global hubs such as London, Hong Kong, or New York, Paris remains surprisingly affordable and currently offers plenty of opportunities at highly interesting prices.”

Paris8.400.000 € EUR | Paris, France | Propriétés Parisiennes Sotheby’s International Realty

An entirely renovated 18th century townhouse in the center of Paris, this home offers an unrivaled blend of modern amenities and classic design. Enjoy your favorite films in the comfort of the outfitted home theater or a glass of your favorite vintage from the select doublewide wine cellar. This three-floor, six-bedroom townhouse is a taste of private comfort in one of the world’s most beloved cities.

Explore our in-depth report with Wealth-X and discover more  luxury real estate findings >

Luxury Real Estate Headlines: Third Week in March 2015

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

2015_03_20_St. Martin$3,900,000 | Terres Basses, St. Martin | St. Martin Sotheby’s International Realty

House Hunting in … St. MartinThe New York Times

On the Market: Singer Bing Crosby’s former ranch in the Coachella ValleyArchitectural Digest

Spring 2015 Home-Buying Guide: 5 Insider Tips From Real Estate Pros Across the CountryFoxBusiness.com

House of the Day: Former Sen. Judd Gregg Asks $5.999 Million for a Florida Keys CompoundThe Wall Street Journal

Home of the Day: Off the beaten path in MalibuThe Los Angeles Times

Sotheby’s International Realty Brand Expands Presence into Andorra—Sotheby’s International Realty Affiliates LLC

Read the latest issue of Art & HomeSotheby’s International Realty Affiliates LLC

Sotheby’s Launches on eBaySotheby’s

Serenity Now | Art & Home

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 Art & Home – April 2015

The latest edition of Art & Home is here! This month we’re showcasing tranquil, harmonious environments inspired by Asia that provide refuge from the hustle and bustle of the modern world.

California$2,300,000 USD | Beverly Hills, California | Sotheby’s International Realty- Beverly Hills Brokerage

Because the external world seems to be in a perpetually chaotic and frenzied whirlwind, internally, serenity is always in style.Creating a calm, meditative state within one’s home with an environment that’s at once soothing, orderly and sophisticated, can be achieved by incorporating earthy colors with inspired furnishings and restrained accessories, so each room is a serene, tranquil haven.

Colorado$2,625,000 USD | Telluride, Colorado | Telluride Sotheby’s International Realty

The hallmark of this approach: Asian-inspired décor, which utilizes classic elements from exotic nations such as China, Japan, India and Nepal: a Mongolian area rug; an antique, blue and white Chinese vase from the Ming Dynasty; a delicately hand-painted Japanese screen; an ornately carved console or chest.  The Zen is in the details. “Clients want touches, not whole spaces, to look Asian,” said French native interior designer Marie Burgos.

North Carolina$7,800,000 USD | Raleigh, North Carolina | Hodge & Kittrell Sotheby’s International Realty

So the key to a successful design is not to recreate period rooms, noted New York City interior designer Geoffrey Bradfield, but rather to employ economy of design with carefully selected, refined furnishings that have clean lines, combined with a selection of ornamental pieces, for an eclectic effect. “Contemporary Asian styling is less ornate than in previous years, less formal and rigid,” added Andrew Hunter of Sotheby’s International Realty in Thailand.

Thailand$9,750,000 USD | Phuket, Thailand | Hunter Sotheby’s International Realty

Additionally, the principles of feng shui are sometimes utilized to emphasize an uncluttered, open flow throughout the spaces, and to accentuate harmony and balance.  To that end, New York-based Burgos incorporates the five natural elements –wood, fire, earth, metal and water—in her home designs.  The elements needn’t be literal, she emphasized.  The earth, for instance, can be represented with a collection of terra cotta vases or stone tiles. Fire can come into play via an interpretive lighting fixture, while a pop of red in a painting can serve the same purpose.   But it’s best to keep the overall color palette in neutral tones to underscore the desired intent:  a peaceful space.

Article provided by Claudia Cryvatz Copquin exclusively for Art & Home. 

Discover much more in the Art & Home digital edition now on iPad and Android!

iPad - https://itunes.apple.com/us/app/art-home/id962145331

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Spanish Point Private Island in San Pedro Town, Belize | Video Tour

$995,000 USD | Corozal, Belize | Belize Sotheby’s International Realty

Neighbored by the famous Cayo Espanto Resort and Mr. Di Caprios Blackadore Island, escape to the tranquility of this captivating private island. Explore the adjacent Ambergris Caye, the longest barrier reef in the western hemisphere, for some of the world’s most sought after scuba diving, snorkeling, and offshore fishing. Imagine unrivaled relaxation and discover infinite possibilities on this incomparable tropical retreat.

Touch of Green| St. Patrick’s Day

St. Patrick’s Day is upon us and we’re featuring houses with the perfect touch of green in spirit of the holiday.

New Jersey$2,975,000 USD | Hillsborough, New Jersey | Callaway Henderson Sotheby’s International Realty

This 1720 stone bank house sits on a sprawling verdant field in New Jersey. Green is incorporated throughout the home from the landscaping, to the shutters and additional décor within the home. The romantic main house was expanded for better functionality, modern entertaining and more luxurious accommodations, but the original 18th century structure has its own impressive features and plenty of authentic charm. The home also features a tennis court, pool and a caretaker’s cottage.

Georgia$2,575,000 USD | Atlanta, Georgia | Atlanta Fine Homes Sotheby’s International Realty

This Atlanta home has high ceilings, a large, light-filled open floor plan and best of all, green accents are found throughout—from the wall color, to the shutters and even the doors. The seven bedroom home is charming while elegant and a true entertaining home for all seasons.

Israel₪ 128,595,022 ILS | Herzliya Pituach, Israel | Israel Sotheby’s International Realty

This ultra-modern villa in Herzliya Pituach, Israel has unmatched views of the Mediterranean Sea. The six bedroom, eight bathroom bath home has many lavishes finishes including Versace inlays and 24 carat gold tiles in the master bath that also features a shower with mosaic tile, complete with many different shades of green. The spectacular double lot offers unparalleled scale with spacious rolling lawns, large pool and spa, and several entertaining enclaves.

 

Bahamas$1,820,000 USD | Treasure Cay, Bahamas | Damianos Sotheby’s International Realty

Appropriately named Sweet Pea for its green color, this cottage in the Bahamas has a private dock with entertaining space that looks out onto the Brigantine Bay canal. The four bedroom home has stylish interior spaces are complemented with richly toned hardwood and marble tiled floors and state of the art appliances.

Sotheby’s International Realty Brand Expands Presence into Andorra

AndorraSotheby’s International Realty Affiliates LLC today announced that Finques 3 Cases in Andorra has joined its luxury real estate network and now will do business as Andorra Sotheby’s International Realty.

Established in 2000, the firm is owned by Joan Rafel Socías Tomás, who serves as chief executive officer, and Narcís Socías Tomàs, the chief operating officer.  Ralph Luenenschloss is responsible for international business. The firm will serve the high-end real estate market throughout the Principality of Andorra.

“Our expansion into Andorra continues our commitment to providing access to the Sotheby’s International Realty network’s exclusive real estate services in key countries within Europe andaround the world,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC.  “Andorra is a booming market that is garnering local as well as international investor interest. It offers the opportunity to enjoy a unique mountain lifestyle in the middle of the Pyrenees on the border between Spain and France.  In the winter it is a beautiful ski resort area, and in the summer, other outdoor activities as well.”

According to Luenenschloss, the firm offers clients a full service experience.  “Andorra is one of the safest countries in the world and it offers a new and modern legal framework that makes it very interesting for international investors, entrepreneurs and public figures,” he said.  “We help our clients to not only find the ideal property but also help with anything else they may need including working through the Andorran residency process, and connecting them to local resources and services like banks, tax advisors and lawyers. We focus on providing solutions and developing ideas to serve the needs of our clients.  Our professional team offers support in multiple languages including Catalán, Spanish, French, Portuguese, English, German and Russian.”

The Sotheby’s International Realty network currently has more than 16,500 sales associates located in approximately 760 offices in 60 countries and territories worldwide.  Andorra Sotheby’s International Realty listings are 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 their 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.

Explore Luxury Homes in Andorra >