In with the Old | Art & Home

The latest edition of Art & Home is here! From a 19th-century farmhouse in the Hamptons to a 1930s Paris mansion, five historic homes blend tradition with modern updates, finds Iyna Bort Caruso.

IMG_9339Art & Home—June/July 2015

Call it the surprise inside: historic residences retrofitted with modern interiors.

Homeowners may love the idea of properties that embrace the aesthetics of an earlier era, but they’re drawing the line at living a century-old lifestyle. Instead of tearing down, however, they’re taking up the challenge. They’re purging boxy rooms, awkward layouts and tiny closets and arriving at that sweet spot where the age of grace meets the age of technology.

In America, homes of historic value are generally pegged at 50 years or older by the National Register of Historic Places, although those are relative newcomers by international standards. It takes the skills of true artisans to modernize a centuries-old German castle, French château, English manor or Italian villa, and many governments offer homeowners subsidies for their efforts.

More than just age, historic homes embody the spirit of the times in which they were built with character-defining features that speak to who we were and how we lived.

“There’s an emotional connection to be had, for sure,” says Judson Henderson of Callaway Henderson Sotheby’s International Realty in Princeton, NJ. The earliest homes here date back to the 18th century. Some homeowners bring “today’s practicality and sensitivity to home renovations” while others go for a gut renovation. “Walk through the door and it’s starkly modern. You feel like you’re in a brand new house,” Henderson says.

Most makeovers are somewhere in between, using architectural elements as jumping-off points to maintain some sense of authenticity.

Interior Designer Sarah Barnard in Santa Monica, Calif., is a specialist in historic home design. In reshaping Victorian, Spanish Revival and Arts and Craft estates, she often takes a hybrid approach, “preserving a lot of the original architectural elements and melding them with uber contemporary strategies.”

Deciding which of those elements to keep or discard can be a struggle. Is it worth sacrificing what Barnard calls the “heartwarming little details that made the owner’s heart sing in the initial walk-through” for the larger benefits of functionality and design?  “There are always hard decisions to be made but when budget is not an issue, rehabilitating the old is always my first choice.”

People may yearn for vintage homes for different reasons, but one thing they have in common is “kindness,” observes Barnard. “You have to have a sympathetic soul to want to save an old building.”

Miami$2,995,000  USD | Miami Beach, Florida | ONE Sotheby’s International Realty

Behind the Mediterranean facade and inviting courtyard, modern luxury meets the classic beauty of this 1929 home. Property features an open floor plan, added interior space, floating stairwell, Pecky Cypress vaulted ceiling, fireplace, charming/restored Cuban tile and hardwood flooring.

Hamptons$7,995,000 USD | Sagaponack, New York | Sotheby’s International Realty – East Hampton Brokerage

Once the home of James Jones, author of “From Here to Eternity”, this 1860s Sagaponack farmhouse was built to capture the sunsets from one of the highest points south of the Montauk highway. Today the house has been renovated and merges the intimate spaces of a traditional home with the open, naturally lit spaces of a modern SOHO loft. In addition, this home incorporated the Crestron computer network, clean conscious building techniques and materials, active solar power, and geothermal heating and cooling to create one of the most advanced, healthy and sustainable homes in the Hamptons.

Princeton$7,900,000 USD |Princeton, New Jersey | Callaway Henderson Sotheby’s International Realty

Stunningly transformed “Everlasting” rivals the toniest East Coast estates, yet is privately situated on 12 acres in Princeton. Under the eye of architect/designer Michael La Rocca, skilled artisans used materials of the highest caliber to expand, open and visually elevate the brick manor house and its grounds. The sleek central kitchen was cleverly planned with double islands to serve a single chef or a team of caterers.

Canada4 495 000$ CAD | Toronto, Canada | Sotheby’s International Realty Canada

Built in the early 1900’s, this spectacular and spacious home has been fully renovated with modern amenities and architectural elements including a high ceilinged study, and breathtaking 2 story glass-walled Great Room overlooking the verdant ravine lot and in ground pool and spa.

France33.000.000 € EUR | Paris, France | Paris Ouest Sotheby’s International Realty

This magnificent, ultra-rare historic Paris mansion dating from the 1930s has recently undergone a complete renovation and now offers sleek open spaces with a contemporary edge whilst at the same time carefully preserving its architectural heritage.

New York-based writer Iyna Bort Caruso has contributed to The New York Times, The Wall Street Journal and Newsday, among others.

View the digital version of this issue here: Art & Home June/July 2015

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

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Luxury Real Estate Headlines: First Week in May 2015

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

2015_05_08_Redwood_California$8,000,000 USD | Redwood Valley, California | Dreyfus Sotheby’s International Realty

The owners built this 7,200-square-foot Victorian home in the 1990s, but strived to mimic the architecture and details of a house from a century earlier, using replicas of antique push-button light switches and 20 different moldings.” 

House of the Day: A Victorian-Inspired Cattle Ranch on 1,745 AcresThe Wall Street Journal

How the Master Bedroom Took Over the HouseThe Wall Street Journal

House hunting: 7 lovely homes on the Georgia coastThe Week

House of the Day: An Elegant Oasis in ManhattanThe Wall Street Journal

$550,000 Homes in Virginia, New York State and New MexicoThe New York Times

Americans are scooping up real estate bargains… overseasCNN Money

Spring Home Buying 2015Realty Today

Realogy sees ‘healthy’ spring selling season aheadInman

Pop RomanceSotheby’s

Van Gogh Painting Is Star During Sotheby’s AuctionThe New York Times

New and Notable Luxury Properties for Sale | April 2015

From a California home on two peninsulas to a contemporary villa in Cannes this month’s collection of exceptional properties for sale feature homes from some of the world’s finest locales.

Laguna Beach$75,000,000 USD | Laguna Beach, California | HOM Sotheby’s International Realty

California— Known as “Twin Points,” this Laguna Beach property is made up of nearly 2 acres and is bookended by two sandy beaches, Crescent Bay and Shaws Cove. The property has views of Catalina Island and the coastline and includes a three bedroom, three bathroom home and gust home. According to the Wall Street Journal, the former owner’s great-grandmother built a sea wall on the beach in the cove to create a saltwater swimming pool that fills with water at high tide. Such structures can no longer be built, so they are very rare.

FrancePrice Upon Request | Cannes, France | Côte d’Azur Sotheby’s International Realty

France—This modern villa faces south to enjoy stunning sea views. With lines resolutely contemporary, it benefits from upscale amenities and top of the range services, providing the latest technology of home automation. The home also has a heated infinity mirror pool, two pool houses, outdoor fireplace and summer kitchen.

Canada28 000 000 $ CAD | Toronto, Canada | Sotheby’s International Realty Canada

Canada— The home known as The Integral House—A house that changed the cultural landscape of a city. The finest craftspeople from around the globe collaborated to create this iconic dwelling using the best materials imaginable to create a work of art. Imagined around the concert hall, Integral House is all about entertaining. The home has a heated drive and indoor exercise pool and spa complex as some of its amenities.

Dubai179,000,000 AED | Dubai, UAE | Gulf Sotheby’s International Realty

Dubai—This Emirates Hills home is beautifully positioned offering uninterrupted views of the Emirates golf course and the Dubai Marina skyline beyond. The villa offers a unique, contemporary design fused with traditional architraves and is designed with family living in mind. The seven bedroom home has two mirror image full height aquariums, a bespoke built study, fully equipped professional kitchen, wine room, and gym among its amenities.

View Newly Listed Luxury Properties for Sale >

The Unforgettable Collection

Wine collector and connoisseur Don Stott’s 50-year-long love affair with Burgundy and Bordeaux has led to a stellar collection, now coming to auction in New York on 8–9 May.

All great wine collectors have stories about their “conversion” and the pursuit of their passion. The routes to an extremely full cellar are many and diverse, sometimes involving a real coup de foudre, while others develop over decades. For Don Stott, the starting point was during his junior year at Princeton. While everyone else was drinking beer, Don was going to wine stores to learn, buy and taste different wines, primarily white Burgundies then. He had his first wine refrigerator in a dorm room as a graduate student.

A trip to France in 1963, with his best friend, Bill Burrow, was a milestone in Don’s wine life – he had embarked on a great journey. Don says that he went over to Europe on the great ocean liner France drinking Bordeaux, but came back drinking Burgundy. This visit to France must have been a real eye-opener for someone who had hitherto served Liebfraumilch, cream cheese and caviar to a date! Although I think this might have worked for me, Don would probably serve a different combination today. An illustrious Frenchman with a taste for the good life had told Don to look out for Domaine de la Romanée Conti and de Vogüé, so he did start at the top.

This appreciation of quality has stood him in good stead throughout his wine-loving life and it is the leitmotif of his extraordinary wine collection.

027N09327_XXXXX_SILO
6 bottles 2002 Corton-Charlemagne, JF Coche-Dury ($10,000–14,000)

Right from this point, a flame had been ignited. Don was advised to buy the 1961 Bordeaux, which he duly did, and he began buying wine futures. Pétrus was a favourite, from the outset. He fell in love with white Burgundy and, throughout the 1980s, closely followed DRC’s Le Montrachet. Raveneau was recommended to him and he never looked back. New York’s most fabled restaurants, where wine is key, became homes-away-from-home, starting with the legendary 21 Club. Don ate upstairs there as a child and later graduated to “colluding” with their head sommelier, Mario, planning memorable meals and landmark bottles. Montrachet, Chanterelle and Veritas all feature in this story of a wine lover, but it is perhaps Le Bernardin that has been the restaurant of his heart. My theory is that Don Stott’s other passion is fishing and the fish at Le Bernardin is unrivaled.

Don Stott’s Park Avenue apartment was, for 45 years, a scene of great hospitality. The cellar in Summit housed 12,000 bottles from the collection which, at its peak, contained an additional 100,000 bottles in storage. In the late 1980s, Don went to France with John Gilman, the well-known Burgundy merchant and writer. The visits to Burgundy multiplied and the Hôtel de Beaune was Don’s headquarters from where he made his sorties to the growers he admires and respects. Johan Björklund cooked great meals there and Don eventually bought a share of the ownership in the hotel. Now, he had put down roots and was “part of the scenery” in Burgundy, visiting several times a year for weeks at a time and building strong relationships with the very best growers.

268N09327_XXXXX_SILO12 bottles, 1971 BonneMares, Domaine George Roumier ($32,500–42,500)

Don Stott loves the Burgundians. They are as highly individual as their wines – this is not a corporate wine region. He speaks with real affection for many of Burgundy’s finest producers such as Christophe Roumier, Jean-Marc Roulot, Dominique Lafon, Eric Rousseau, Véronique Drouhin and Louis-Michel Liger Belair. No doubt, their mutual appreciation of fine food with these unique wines has forged strong links and endless memories.

The superb wines in this fabulous collection are a reflection of the preferences of the owner. The Burgundy is mouthwatering, absolutely sensational, the German wines are revelatory, the vins d’Alsace are a rare treat, the Rhônes and Champagnes are mythical in their scope and beauty, the Bordeaux are majestic and the Californians and the Italians are the best. Maybe the most exciting element of all is the fact that you can drink everything from now, if you so wish – and I do.

This really is The Unforgettable Collection.

Article provided by, Serena Sutcliff, MW Sotheby’s international wine specialist and one of the world’s leading authorities on wine.

Explore The Don Stott Cellar: 50 Years of Collecting will be sold in New York on 8–9 May >

Luxury Real Estate Headlines: Last Week in April 2015

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

2015_05__01Chicago$9,250,000 USD | Chicago, Illinois | Jameson Sotheby’s International Realty

Though it once housed horses and carriages as part of a dairy distribution center, this historic home is on a quiet residential street in Chicago’s Lincoln Park neighborhood. The 9,200-square-foot house was completed in 2012. The property spans two buildings: one, built in the late 1800s, is three stories and was once the barn; the other is a former commercial structure that was built in the early 1900s.”

House of the Day: In Chicago’s Lincoln Park, a 19th-Century Dairy Building Turned Urban RetreatThe Wall Street Journal

House of the Day: A Sailor’s Dream Home on the WaterThe Wall Street Journal

House of the Day: A London-Inspired Apartment in Hong KongThe Wall Street Journal

On the Market: A traditional shingle-clad estate in the HamptonsArchitectural Digest

House hunting: 6 homes in the Cincinnati areaThe Week

East Side Story­The Observer

Spring home sales ‘starting off on solid footing’MarketWatch

Extreme Homes of Colorado: See Aspen’s Summit House listing price $65MThe Denver Channel

Grand Swiss Avenue estate for sale has Neiman Marcus historyDallas Culture Map

Ready to move: Everything you need to know about ManasquanNJ.com

Competition rises as home remodeling goes digitalCNBC

Equestrian Inspired | Kentucky Derby

The 141st Kentucky Derby, the greatest two minutes in sports since 1875, is set to take place this Saturday at Churchill Downs. In honor of this acclaimed sports race, we are featuring homes around the world that inspire the equestrian lifestyle.

Connecticut

$23,500,000 USD | Greenwich, Connecticut | Sotheby’s International Realty- Greenwich Brokerage

This beautiful Connecticut home is the center piece of an almost 13-acre working horse farm complete with stable, indoor riding arena, grazing paddocks, run-in sheds and equipment garage with groom’s quarters. The shingle-style home has relaxed, open verandas and gambrel roofs and is constructed using the latest green technology including spray foam insulation and geothermal heating and cooling system. This home was the winner of the 2012 HOBI Award for “Best Custom Home in Connecticut.”

New Zealand

Price Upon Request | Wanaka, New Zealand | New Zealand Sotheby’s International Realty

Spectacular Lake Hawea Station in New Zealand is idyllically nestled on the eastern shore line of Lake Hawea, with the commanding Grandview mountain range as a dramatic back drop. Available for the first time in almost a century, the compound has been farmed over the years with a strong emphasis on conservation and sustainability. The diversity of terrain, westerly aspect and long sunshine hours make this property an outstanding recreational playground with wild deer, chamois and trout in abundance in the area as well as access to nearly eight kilometers of outstanding lake front.

Las Vegas

$4,999,000 USD | Las Vegas, Nevada | Synergy Sotheby’s International Realty

A secluded country road leads you to an equestrian estate tucked away on 10 acres on the northwest side of Las Vegas, the property includes three guest homes, a six stall barn, large lighted arena, tennis court and pool with spa.

Washington

$1,180,000 USD | Lake Stevens, Washington | Realogics Sotheby’s International Realty

Spring Meadow Farm is sublimely featured with tremendous views of Mt. Pilchuck, pastoral privacy and natural splendor in Lake Stevens, Washington. A perfectly planned, meticulously maintained equestrian property, the warm, welcoming vintage 1936 home has been sensitively remodeled. The home has two ensuites, horse facilities, a restored pole barn and is just 40 minutes from downtown Seattle.

Luxury Real Estate Headlines: Fourth Week in April 2015

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

2015_04_24_Laguna Beach_CA$75,000,000 USD | Laguna Beach, California |HÔM Sotheby’s International Realty

Laguna Beach Home on Two Peninsulas Is Listing for $75 MillionThe Wall Street Journal

A Duplex on the Upper East Side for $18.5 MillionThe New York Times

In Fairfield, the Builders Are BackThe New York Times

Singer Nick Jonas sells his perch in Hollywood HillsThe Los Angeles Times

Geodesic dome home for sale has history for its former familyNewsday

Knowing the market can give investors an advantageUS News

Home buyers in these markets have the upper handCNN Money

A room-by-room guide to this year’s Sotheby’s Designer ShowhouseArchitectural Digest

Crown Jewels from Sotheby’s “Magnificent Jewels” saleArchitectural Digest

The Great Outdoors | Art & Home

The latest edition of Art & Home is here! From thoughtfully landscaped grounds to immaculately manicured gardens, what lies just outside the front door is what makes a house a home, finds Iyna Bort Caruso.

IMG_9061Art & Home—May 2015

Frederick Law Olmsted, the founder of American landscape architecture, sought to channel the “genius of a place” in his projects. He believed every habitat had a spirit of its own and accessing that quality was the most meaningful way to connect with one’s surroundings.

At their best, designed landscapes appear spontaneous – an extension of nature’s best expression. On private estates, these elegant statements go beyond initial visual impressions or curb appeal. Gardens are a full sensory experience of colors, scents and textures. They lure you inside and guide you through multiple spaces that, by turns, can be meditative, enchanting and surprising. “Gardens are very experiential and very ethereal,” says Miami-based landscape architect Raymond Jungles, who has worked throughout the Caribbean and Latin America.

In reinterpreting the environment, designers consider the site, orientation of the sun, climate and architectural style of the residence. Landscapes can also be used to camouflage flaws. For homes that lack strong aesthetic merit, “landscaping can become the dominant design element that allows residences to recede and fade into the environment,” says Jungles.

Gardens are points of personal pride and neighborhood identity. In cities like Charleston, South Carolina, where estates are known for their flourishing azaleas, oleanders, camellias, crepe myrtles and magnolias, “people spend a good deal of time outside on their porches and in their gardens,” says Daniel Ravenel of Sotheby’s International Realty in Charleston. “It’s part of our way of life.”

Even in dense urban settings, rooftop gardens, courtyards and balconies enable residents to feel connected to nature. They soften the city’s hard edges while providing an oasis of calm.

Olmsted well recognized the effect. “Gradually and silently the charm comes over us,” he said on a trip to England in 1850. “We know not exactly where or how.”

Charleston$5,900,000 USD | Charleston, South Carolina |Daniel Ravenel Sotheby’s International

This grand lakefront estate exudes the elegance and grace of an historic English manor. Charming gothic features throughout the home are tastefully and thoughtfully combined with the highest modern technologies to create the ultimate retreat. The expansive grounds are comprised of a unique synergy of lakeside views with sophisticated gardens.

BridgehamptonPrice Upon Request |Bridgehampton, New York |Sotheby’s International Realty – Bridgehampton Brokerage

Combining the elegance of a royal European country estate with the amenities of a five-star resort, Three Ponds Farm offers an unparalleled private residence on nearly 60 picturesque acres. Meticulously designed and executed with the finest imported materials, the eight-bedroom, twelve-bath manor home with guest wing and staff quarters is a tour de force of custom luxury design and contemporary flair by renowned architect Allan Greenberg. The beautiful outdoor oasis includes magnificent formal gardens, a rose garden with orangery and over 7,000 specimen trees.

Las Vegas$28,000,000 USD | Las Vegas, Nevada | Synergy Sotheby’s International Realty

Built to the most exacting standards and exemplifying graceful and symmetrical design, the Rameses Estate took over five years to remodel. This singular property comprises a main residence of over 13,000-square-feet with six bedroom suites and nine bathrooms, as well as a private office, screening room, billiard room, art room and four-car garage. Venturing beyond the picturesque residence, guests find themselves in formal gardens that flow into expansive lawns, private walkways and romantic rose gardens.

Texas$24,500,000 USD | Magnolia, Texas| Kuper Sotheby’s International Realty

With the planting of over 20,000 trees, shrubs and flowers through the years, the spectacular Emerald Lake Estate is a veritable paradise with a resort-like ambience. This meticulously developed estate boasts the private 25-acre Emerald Lake, a world-class bass lake with ten islands, a nine-acre Japanese garden and a seven-acre botanical garden with over 5,000 azaleas, both designed by landscape architect Keiji Asakura.

FrancePrice Upon Request | Côte D’Azur, France | Côte D’Azur Sotheby’s International Realty

On the Golf de Biot, discover this sublime and rare residence designed by architect André Svetchine. This beautiful domain is entirely enclosed, offering exceptional living amidst French gardens, ponds and olive trees. The main property provides spacious living opening onto two terraces; one is covered and overlooks the French gardens while the other overlooks the park.

New York-based writer Iyna Bort Caruso has contributed to The New York Times, The Wall Street Journal and Newsday, among others.

View the digital version of this issue here: Art & Home May 2015

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

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

Android - https://play.google.com/store/apps/details?id=com.sothebysrealty.arthomeandroid

Personal Real Estate | An Investment and a Need

Numerous ultra-high net-worth (UHNW) individuals have utilized real estate as an investment vehicle to increase their wealth, but these properties continue to have a primary purpose: first and foremost, they serve as residences.

Wealth X 1

 

Besides the obvious need to own a property in one’s primary business location, the time spent in other locations, whether for leisure or business purposes, may make the ownership of a secondary residence a practical and financially responsible course of action.

UHNW individuals’ personal and professional considerations, in that order, tend to drive the demand for residential real estate. Residential real estate, while it is known as a long-term safe investment, is almost always purchased because of a specific connection between a UHNW individual and a particular place. For example, many Asian UHNW individuals who buy property in the top real estate markets for investment purposes are either choosing these markets because they are building up their business activities in the region or, increasingly, because their children are going to study abroad. Some of the main cities where UHNW individuals buy residential real estate outside of their home cities are located close to elite universities, financial hubs or often both.

Lifestyle is one of the key motivating factors in the purchase of a luxury home, “ said Wendy Purvey, chief marketing office, Sotheby’s International Realty Affiliates LLC. “Consumers want homes that will meet their unique needs, whether it be a waterfront property, ski in/out access or a vineyard.”

Read more information like this in our Global Luxury Lifestyle Report with Wealth-X >

Luxury Real Estate Headlines: Third Week in April 2015

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

2015_4_17_Denver_Colorado

$1 Million Homes in Washington, D.C., Denver and VermontThe New York Times

House of the Day: A New Jersey Home That Doubles As a ResortThe Wall Street Journal

Asia House of the Day: A Hong Kong High-Rise for EntertainingThe Wall Street Journal

On the Market: A 1773 farmhouse in the Lakes Region in Brookfield, New HampshireArchitectural Digest

On the Market: A glass-walled penthouse designed by Gwathmey Siegel Kaufman Architects in NYCArchitectural Digest

On the Market: A charming Greek Revival farmhouse near Woodstock Village in Pomfret, VermontArchitectural Digest

Guess Where The Hottest Housing Markets Are?CNN Money

Investing in Palm Beach PropertyDujour

Sotheby’s Offering a Rothko Once Owned by Bunny Mellon—The New York Times

A Video of Sotheby’s 2015 Designer ShowhouseArchitectural Digest