Luxury Real Estate Headlines: Last Week in February 2015

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

2015_02_27_Vernon_Texas$725,000,000 USD | Vernon, Texas | Briggs Freeman Sotheby’s International Realty

Famed Waggoner Ranch on Texas Market for $725 MillionAOL Real Estate

House hunting: Beautiful homes in the Twin CitiesThe Week

House of the Day: An Elegant Literary Landmark, Just Like NewThe Wall Street Journal

House Hunting in … ItalyThe New York Times

The Open House Goes Over the TopThe Wall Street Journal

San Francisco Penthouse Under Construction Seeking a Record $49 MillionThe Wall Street Journal

Sotheby’s International Realty Network Reports Significant Gains for 2014Sotheby’s International Realty

Horse Haven in South FloridaCNN

McQueen Is Still KingSotheby’s

Sotheby’s International Realty Network Reports Significant Gains for 2014

Sotheby’s International Realty Affiliates LLC today reported that in 2014 its affiliated brokers and sales professionals achieved $70 billion in U.S. home sale transaction volume (transaction sides multiplied by average sale price). This is the highest sales volume performance in the history of the brand’s franchise system, and marks a 17% increase from the prior year. Driven largely by an 11 percent gain in transaction sides, the growth experienced by Sotheby’s International Realty far outpaced the overall U.S. housing market as compared to the one percent increase in sales volume and a three percent decrease in home sales reported by the National Association of Realtors®.

Global Growth

The Sotheby’s International Realty brand also reported growth in its global network, which now encompasses 60 countries and territories worldwide. At year-end, the network totaled approximately 760 offices, a gain of 8.5 percent, and more than 16,570 sales associates, up 14 percent.

“The Sotheby’s International Realty network grew substantially in 2014,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC.  “The luxury sector continues to outperform the overall market, which reflects the value consumers see in high-end real estate to grow their wealth, as well as the increasing level of international buyers in key luxury markets.”

Outside the United States, the Sotheby’s International Realty brand expanded its network in 2014 to provide its real estate services in: Belgium, Beijing, Belize, the Canary Islands, Luxembourg, India, Hainan, St. Martin, Poland and St. Moritz.  The Sotheby’s International Realty brand also added 13 new residential real estate firms and 45 net new offices to its network across the United States, including the following markets: Houston, Texas; Steamboat Springs, Colo.; Santa Rosa Beach, Fla.; Sunset, S.C.; Richmond, Va.; Marblehead, Mass.; Wilmington and Topsail Island, N.C.; Kailua, Hawaii; Woodinville, Wash.; Malibu, Calif.; Lancaster, Pa.; Brookline and Jamaica Plain, Mass.; and Pleasanton, Calif.

In 2015 and for the eighth year in a row, the Sotheby’s International Realty brand won Franchise Business Review’s Best in Category for Real Estate Franchisee Satisfaction award.  In addition to its real estate ranking, the brand in 2015 moved to first in the overall top 50 from fourth in 2014, and first among the Top 50 “Systems with 250 or more units,” up from third in 2014.

Last year also marked the launch of the Sotheby’s International Realty Global Referral system, which was designed to streamline the transfer of referrals electronically within the brand’s worldwide network.  The Global Referral system, which the brand developed with Immobel, allows Sotheby’s International Realty network members to assign referrals, manage them through closing and run detailed reports.  The system also features language translation and currency conversion.

Canary Islands2.300.000 € EUR | Canary Islands | Canary Islands Sotheby’s International Realty

Marketing

From a marketing perspective, the brand’s 2014 campaign delivered more than 800 million impressions.  At the core of the Sotheby’s International Realty 2014 strategy was its relationships with pre-eminent media powerhouses in both the print and online arenas including: The New York Times, The Wall Street Journal, The Telegraph Media Group, Google, Architectural Digest, Bloomberg.com, the Hong Kong Tatler and the Financial Times, developed to showcase unique properties from the brand’s worldwide network.

In 2014 the brand also launched “Extraordinary AnglesSM,” a lifestyle video series showcasing unique properties and lifestyles from around the world.  Each three to five minute “webisode” takes viewers on inspiring tours through some of the finest properties represented by the Sotheby’s International Realty brand in the world’s most distinct locations.  The series is available on the brand’s website by clicking here.

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 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.

Historic Italian Renaissance Style Estate in Bronxville, New York | Video House Tour

$8,900,000 USD | Bronxville, New York | Julia B. Fee Sotheby’s International Realty

This historic Italian Renaissance style estate, built in 1911, represents an era of great style and opulence. Throughout the decades it has been beautifully maintained and graciously updated to preserve all of its architectural grandeur. With commanding views, beautiful stonework, and lush gardens, this remarkable property evokes the splendor of a European villa.

Modern European Homes

Out with old and in with the new; for many years, styles emanating from Europe have dictated design worldwide. While some trends show that modernizing older styles or finding sophistication and comfort in historically inviting properties is on the rise, architects and designers continue to push the envelope in European countries.With unique shapes, lots of 90-degree angles, energy efficiency, and monochrome color palettes, the modern style is an intriguing look into what the future of home design may bring. Explore the homes below that exhibit the one-of-a-kind design facets that make modern architecture so captivating.

Brussels_BelgiumPrice Upon Request | Brussels, Belgium | Brussels Sotheby’s International Realty

In the Vivier d’Oie quarter of Brussels, this five-bedroom, five-bathroom villa is a quintessential modern home. Complete with low-energy amenities, under floor heating, and sharp cubic design, this contemporary property offers “Modern Living 101” for the uninitiated. With enormous glass walls, high ceilings, and minimalistic design cues, this Belgian home is exquisite.

Paris_France2.500.000 € EUR | Paris, France | Propriétés Parisiennes Sotheby’s International Realty

While offering an elegant panoramic view from the terrace on the outside, this Parisian duplex apartment eloquently spins modern living in France. The prominently featured steel and wood spiral staircase, glass fixtures, large windows, and monochromatic color palette are all inherently modern. Minimalistic furnishings and the use open space complete picturesque modern European living.

Megeve_FrancePrice Upon Request | Megeve, France | Propriétés de Megève Sotheby’s International Realty

With completely custom design, nature’s soaring mountains cradle this inviting take on modern style. Uniquely crafted design blends minimalist and modern luxuries with panoramic views making this unforgettable home an escape nestled in the Mont Blanc.

Gavirate_ItalyPrice Upon Request | Varese, Italy | Lake Como Sotheby’s International Realty

This prestigious property is characterized by a pure and minimalist modern design, cutting-edge technology, and a spectacular view of the Lake of Varese. A wholly unique iron and glass staircase leads to the first floor from the open space ground floor entrance. Geothermal, solar and seasonal air-conditioning with winter heating and summer cooling, centralized vacuum cleaner, automatic motorized blinds, and rainwater recycling for irrigation are among the energy efficient amenities offered by this captivating home.

Significant Sales Volume 11 2014

The latest issue of Significant Sales features top sales from around the world beginning with an exquisite $450 million (HKD) property in Hong Kong. Also featured is a private ocean view home in California, a state-of-the-art escape in Colorado and more than twenty other properties from around the globe.

HK SIR - 58m$450,000,000 (HKD) | Hong Kong | Hong Kong Sotheby’s International Realty

Hong Kong - This luxuriously presented, free-standing detached house is located in a prestigious area surrounded by rolling hills and overlooking the city. The home has a well-appointed contemporary interior and amazing outdoor space on the rooftop terrace. It also has a huge private garden with attached swimming pool. This spacious, light-filled home features high ceilings to accentuate the elegant overall design. The house is also refurbished in white marble walls and flooring throughout, with every level in the home constructed with a separate open staircase and a private elevator with access to every level. There is a dome-shaped skylight window ceiling which completes the overall luxurious design.

Pacific SIR - 15.995m (2)$15,995,000 (USD) | California, USA | Pacific Sotheby’s International Realty

California - From the Sandy Shores of Del Mar, California, this family compound sits behind private gates in a small beach enclave known as Sandy Lane. It offers a unique opportunity to refresh or rebuild an original Russell Forester built in 1950 and yet still relevant for today’s beach front living. Rarely seen at the ocean front, this home features a large beach side patio, three bedroom main residence, pool, cabana/guest house, private green courtyards and ample guest parking all from just a few steps to the sand.

Aspen Snowmass SIR - 15.8m (2)$15,800,000 (USD) | Colorado, USA | Aspen Snowmass Sotheby’s International Realty

Colorado - Enlisting the talents of architects Ike Kligerman Barkley, the design team of the Muse Building left no detail to chance. Adorned with exquisite finishes and furnishings, the practical and inviting floor plan flows from opulent living spaces to an inviting roof top deck and back again, all while solely focused on enhancing the sublime living experience through meticulous attention to detail. The Muse Penthouse features 5,053 livable heated square feet with four bedrooms and four-and-a-half baths, as well as 4,451 square feet of decks and patios. There is a rooftop deck with heated pool and unobstructed views of Aspen Mountain, private patio and deck on the main level capturing the sights and sounds of downtown. The latest Savant technology controls security, climate, window coverings, lights, audio and video. There is 5,235 square feet of commercial space on the second level.

ONE 15.25M (2)$15,250,000 (USD) | Florida, USA | One Sotheby’s International Realty

Florida - This private compound is ideal for the end user, investor or developer planning to build a new, large luxury waterfront estate on prestigious upper North Bay Road in Miami Beach. This one- of-a-kind opportunity offers 37,895 square feet, 191 linear feet of water frontage, with incredible unobstructed panoramic views of the Downtown Miami skyline amidst breathtaking sunsets.

Significant Sales Volume 11 >

Luxury Real Estate Headlines: Third Week in February 2015

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

2015_02_20_ Hawaii$19,800,000 USD | Maui, Hawaii | Island Sotheby’s International Realty

There are hydraulic lifts that open glass panels to create an indoor-outdoor living space. Mr. Lik calls the style of the home contemporary industrial, with concrete and cedar used throughout the home.”

Inside Peter Lik’s $19.8 Million Maui Surf HutsThe Wall Street Journal

Top of the Superrich’s Real-Estate Wishlist? New York, AspenThe Wall Street Journal

House of the Day: A Luxury Manhattan Apartment Designed With Family in MindThe Wall Street Journal

Former FedEx CEO Listing Palm Beach Mansion for $22.9 MillionThe Wall Street Journal

On the Market: A traditional Cycladic villa on this enchanting island in Santorini, GreeceArchitectural Digest

Home of the Day: A space in Silver Lake by Barbara BestorThe Los Angeles Times

Upcoming Auction: Contemporary CuratedSotheby’s 

Slopeside Chalet in Sun Peaks, Canada| Video House Tour

3 195 000 $ CAD | Sun Peaks, British Columbia, Canada | Sotheby’s International Realty Canada

Architecturally designed to reflect the strength of its mountain site, this slopeside chalet boasts massive, curved spanning timbers combined with generous use of real rock, copper, oil rubbed bronze and feature lighting inside and out. Form follows function in this carefully designed retreat with gourmet kitchen, two master suites and inviting foyers.

Maremma | A Southern Tuscan Gem

Maremma is a beautiful, untouched region in southern Tuscany with about 40,000 hectares of reserves, parks and natural oasis. This region provides endless opportunities for exploration from wooded backcountry hills to sandy seaside living. Maremma is known for its natural parks, medieval towns and fortresses, cultivated lands and old churches. Possibilities are endless under the Tuscan sun and popular outdoor activities include hiking, swimming, snorkelling, biking, horseback riding and unveiling of the ancient splendors in its Etruscan towns.

LivornoPrice Upon Request | Livorno, Italy | Tuscany Sotheby’s International Realty

The pristine and serene beaches and rocky coastline along the blue Tyrrhenian Sea remain a quiet escape for those looking to relax at a non-traditional tourist destination. Named as one of the 44 best travel destinations by the New York Times, Maremma appeals to nature lovers, sport and wine enthusiasts and those who simply want to absorb local traditions and explore the rich history of the area.

Saturnia1.900.000 € EUR |Saturnia, Italy | Tuscany Sotheby’s International Realty

In the countryside of Maremma, Tuscan-style country homes are found nestled among gentle rolling hills and farmhouses are often surrounded by olive groves and vineyards. Each town and hamlet within Maremma is special in its own right, from Saturnia, a relaxing spa town, to Bolgheri, known for its landscape and Bordeaux-style red wines Sassicaia, to Porto Ercole on the Mount of Argentario, recently listed as one of the most alluring Italian hamlets.

MaremmaPrice Upon Request | Monte Argentario | Tuscany Sotheby’s International Realty

A life in Maremma means embracing a low key lifestyle that is close to nature. It’s easy to see why anyone would fall in love with Italy’s southern Tuscan gem.

View country houses, hamlets and castles for sale in Tuscany >

Milan_SIR_LogoMany thanks to our guest blogger, Diletta Carutti from Milan / Lake Como / Tuscany Sotheby’s International Realty, which offers its international and local clientele a wide selection of luxury properties in the top location of Italy such as Milan, Lake Como, Lake Maggiore, Florence, Chianti, Tuscany, Sardinia, Italian Riviera, Capri Island, and the Alps.

Modernizing the Classic Craftsman

Craftsman style homes have a rich history dating back to the 1920’s. Uniquely joining interior and exterior design cues while using signature architectural motifs like exposed beams or rafters and prominent brick or stonework, craftsman homes are once again finding themselves at the forefront of luxury real estate. According to the Wall Street Journal, the modern craftsman home is, “growing in popularity: Houseplans.com, a large online seller of blueprints, said 25% of the plans it sold in the last quarter were craftsmen.”  As seen in the homes below, the addition of modern touches like high ceilings, the use of natural light, modern amenities and brighter colors add enduring qualities the classic craftsman design and make for a unique living space.

Lyme_CT$1,750,000 | Lyme, Connecticut | William Pitt Sotheby’s International Realty

Prominently featuring a relocated and rebuilt blacksmith’s shop from 1750, this modern craftsman home is the amalgamation of classic elements and modern design motifs. With soft white walls, high ceilings highlighting the exposed wooden rafters and a plethora of natural light exposure, this pictured sitting area has the enduring timelessness of a craftsman home while also feeling vibrantly modern at the same time.

SaltLakeCity_UT$1,700,000 | Salt Lake City, Utah | Summit Sotheby’s International Realty

Understated elegance, contemporary clean lines and a true appreciation of craftsman design combine to offer a tranquil retreat in the gorgeous Mt. Olympus Cove area of Utah. Basking elegantly in the softly penetrating natural light, this modern take on the craftsman is captivating. The nearly floor to ceiling stone-faced hearth centered between the large windows is an inspiring twist that modernizes the overall design.

SandySprings_GA$1,780,000 | Sandy Springs, Georgia | Atlanta Fine Homes Sotheby’s International Realty

Highlighting the use of one of the more recognizable craftsmen features, this Georgian home sits on more than one wooded acre north of Atlanta. The exquisitely detailed beams above the entrance, the external brick and stonework walls, and exposed wooden accents are all distinctly craftsman. From the outside looking in, the overall shape and large windows offer a modern touch on an otherwise classic look.

Charlotte_NC $1,500,00 | Charlotte, North Carolina | Premier Sotheby’s International Realty

Nestled on 2.6 acres, this modern craftsman’s outdoor living space brilliantly displays its enduring features. While the stonework hearth and exposed ceiling rafters are indicative of the classic craftsman design, the invigorating use of natural light and lofting high ceilings add a luxuriously modern twist. Thinking outside of the box allows this design to reflect that of the overall home’s while still being wholly unique and contemporary.

Siena_Italy$3,911,502 | Siena, Italy | Tuscany Sotheby’s International Realty

While not necessarily a craftsman style home, this 480 square meter Tuscan farmhouse showcases some qualities cut from the same cloth as a modern craftsman. The stainless kitchen appliances coupled with the exposed stone ceilings and floors pictured in this kitchen are the kinds of style modification found in more contemporary craftsman homes. The large window over the sink allows for a wealth of natural light to fill the room and helps create an inviting atmosphere.

Calgary_Alberta_Canada$1,674,826 | Calgary Alberta, Canada | Sotheby’s International Realty Canada

This warm, inviting and energy efficient Canadian home is an exquisite modern craftsman. Inside and out, this home’s features blend old and new seamlessly. The exposed beams, prominent stonework, soft color, modern amenities, and large windows throughout the design of the home speak to everything that a modern craftsman can and should be. Enjoy the comfort and warmth offered in front of the walk around stone fireplace while taking in the hillside vistas from the surrounding windows in this living space.

Luxury Real Estate Headlines: Second Week in February 2015

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

2015_02_13_Wilton_Connecticut$3,750,000 USD | Wilton, Connecticut | William Pitt Sotheby’s International Realty

House of the Day: A Contemporary Connecticut Escape from City LifeThe Wall Street Journal

The Lure of the Gold CoastThe New York Times

On the Market: A romantic 1800s home in Neuilly-sur-Seine with a storied pastArchitectural Digest

Those Not Looking to Own an Island Can Share One—The New York Times

House hunting: 6 homes built by settlersThe Week

Apartment on Central Park West Is Listing for $42 MillionThe Wall Street Journal

Sotheby’s International Realty Brand Expands Presence in ItalySotheby’s International Realty

Luxury Farm & Ranch PropertiesSotheby’s

Auction Previews: Bear WitnessSotheby’s