Luxury Real Estate Headlines: Third Week in May 2015

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

imagereader.aspx$70,000,000 USD | New York, USA | Sotheby’s International Realty – Downtown Manhattan Brokerage

A Manhattan penthouse that sold for $50.9 million in early 2014 is relisting for $70 million, according to listing agent Kamali Chandler of Sotheby’s International Realty.
Called Penthouse One, the apartment comprises the top floor of Walker Tower, an Art Deco office building converted to condos. When it was sold by the developers in 2014, it set a record for the most expensive home sale downtown.

Manhattan Penthouse Goes Back on the Market for $70 Million — Wall Street Journal

Empty Nesters Reclaim the Kids’ Rooms — The Wall Street Journal

Monaco real estate just had its hottest year ever — CNN Money

On the Market: A 19th-century brownstone in Savannah, Georgia — Architectural Digest

Lutyens: Delhi’s Leafy Corridors of Power — Wall Street Journal

Orange County Nears Peak Prices — Mansion Global

5 reasons why LinkedIn is a useful tool for real estate agents — Inman

London Real Estate, Beyond Insane — Bloomberg

Indian Luxury Home Buyers Go Global — Mansion Global

A Hint of Versailles on Central Park South — New York Times

World’s Most Expensive Estate for Sale — Huffington Post

Sonoma Ranch with Party Barns Seeks $32 Million — The Wall Street Journal

Scottish house prices rise twice as fast as in England and Wales — Property Wire

Bridging the Divide Between Technology and Real Estate — Curbed Chicago

Signs of a Real Estate Upswing in Barbados — New York Times

Dining Al Fresco | Exquisite Outdoor Kitchens

There’s nothing quite liking enjoying a meal outdoors. Outfitted with all of the comforts and high-end appliances of an indoor kitchen while showcasing captivating views or tranquil surroundings, we’ve gathered below some outdoor kitchens from around the world to help discover the joys of dining al fresco.

California$3,100,000 USD | Santa Rosa, California | Sotheby’s International Realty – San Francisco Brokerage

This gated estate is nestled in the heart of Wine Country. Tucked in a peaceful setting among spreading oaks and lush gardens, enjoy this inviting outdoor kitchen and dining space. Complete with fireplace, a sunlit brunch or evening dinner with your friends and family is easy to imagine in this wonderful space.

IsraelPrice Upon Request | Caesarea, Israel | Israel Sotheby’s International Realty

Perfect for viewing sunsets over the Mediterranean, this palatial home is in one of the most sought after regions in all of Israel. The specially constructed Viking outdoor kitchen will offer you and your guests the finest of meals as you dine poolside with views of the adjacent orchards and spice garden.

Arizona$2,975,000 USD | Scottsdale, Arizona | Russ Lyon Sotheby’s International Realty

Overlooking the 3rd green of Monument Golf Course, this remarkably designed gated residence is a fusion of indoor and outdoor spaces. A complete outdoor kitchen and adjoining dining areas offer inspiring views of the surrounding landscape as the perfect meal is crafted and enjoyed. Experience breath-taking night skies while you take in dinner under the stars.

Canada1 295 000 $ CAD | British Columbia, Canada | Sotheby’s International Realty Canada

An enchanting home on historic Thetis Island, this is a timeless family retreat on the famed Clam Bay. A brand new outdoor kitchen and dining space complete with granite counters, barbeque and waterfront view is perfect for any meal of the day. Pick oysters and clams from your own beach and enjoy them fresh in this amazing space.

Tranquil Villa with Astounding Views in Terres Basses, Saint Martin | Video House Tour

$17,500,000 USD | Terres Basses, Saint Martin | St. Martin Sotheby’s International Realty

Undoubtedly one of the most sought after properties in St. Martin, “Mes Amis” sits high on the Falaise des Oiseaux; a superb cliff side location with astounding views of the ocean, the surrounding coastline and the island of Anguilla. This magnificent home is built on nearly 5 acres of beautiful coastline.

Lugano, Switzerland | The Ultimate Investor’s Safe-Haven

According to our recent collaborative report with Wealth-X, “Lugano is renowned for its scenery and Switzerland’s economy is known for its stability. Lugano is the ultimate “safe-haven” for investors, offering proximity to the Alps and easy access to Europe’s biggest markets.It is a location that is particularly suited to ultra-high net worth individuals who do not necessarily reside in Switzerland permanently, and has been a vacation spot for generations of Europe’s wealthiest families.Explore the below properties and discover one of the most sought after destinations for ultra-high net worth buyers in the world.

Lugano-1Price Upon Request | Lugano, Switzerland | Fontana Sotheby’s International Realty

Originally built in the 1950’s, Villa La Sorgente offers captivating views of Lake Lugano and the surrounding mountains. Complete with a private port, air conditioned wine cellar and approximately 500 square-meters of living space, this timeless estate showcases the beauty of the region while offering a wide array of luxurious amenities.

Lugano-2Price Upon Request | Lugano, Switzerland | Fontana Sotheby’s International Realty

Offering the best in state-of-the-art technology along with unrivaled lakefront living, this modern villa is the epitome of modern Swiss luxury. Located on a plot well over 9,000 square-meters and completely renovated in 2013 with names like Ralph Lauren, Rimadesio, Villeroy and Boch, Sicis, Poggenpohl and Swarovski in the re-finishing, this inviting home is both elegant and private.

Lugano-3Price Upon Request | Lugano, Switzerland | Fontana Sotheby’s International Realty

This prestigious villa offers the classic sophistication of waterfront living. Located in the exclusive quarter of Lugano-Castagnola, this grand villa enjoys majestic views of the lake as well as the neighboring mountains.

Lugano-4Price Upon Request | Lugano, Switzerland | Fontana Sotheby’s International Realty

Cureggia is a modern architectural jewel on Lake Lugano. This sun-soaked villa uniquely blends indoor and outdoor living spaces inviting the beauty of the surrounding landscape to merge with its meticulously detailed design. Enjoy exquisite views of the lake and the surrounding mountains from this inviting contemporary home.

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


Luxury Real Estate Headlines: Second Week in May 2015

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

Unknown$13,999,000 USD | West Yarmouth, Massachusetts | Sotheby’s International Realty – Osterville Brokerage

This approximately 5,851-square-foot, four-bedroom house is part of Great Island, a gated community on Cape Cod. It has a tower designed to look like a lighthouse and views of Nantucket Sound and Lewis Bay. The home sits on 3.82 acres with 640 feet of beach frontage and a private deep-water boat slip on a shared pier. Three Summer Getaways on the WaterWall Street Journal

On the Market: A Pierre Koenig–designed home on a bluff overlooking the Pacific OceanArchitectural Digest

House hunting: 7 homes with beautiful natural lightingThe Week

On the Market: An 18th-century neoclassic villa in the hills of TuscanyArchitectural Digest

Metro Home Prices Maintain Steady Growth in First Quarter of 2015National Association of Realtors

Real Estate in St. LuciaNew York Times

Realogy Issues First Annual Corporate Social Responsibility ReportRISMedia

A Rothko Tops Sotheby’s Contemporary Art AuctionNew York Times

Manhattan’s Mid-Sized Market MakersThe Real Deal

Cartier Ruby Sets Record in $161 Million Sotheby’s Jewelry SaleBloomberg

How Blue Hill at Stone Barns Transplanted Its Farmhouse Feel Into a Sotheby’s GalleryThe New York Times

Timeless Tudor-Style Estate in Holmdel, New Jersey | Video House Tour

$1,199,000 USD | Holmdel, New Jersey | Heritage House Sotheby’s International Realty

This captivating home embodies the timeless appeal of Tudor style. The stone and stucco facade has an impressive double column fireplace that stands amidst the enormous trees of this grand 1.4-acre property. Meticulous design and flow make this a truly unique property.

Significant Sales Volume 2 2015

The latest issue of Significant Sales features top sales from around the world beginning with a captivating penthouse in New York. Also featured are ocean views in Florida, an inviting estate in Colorado and more than twenty other properties from around the globe.

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

New York - 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.

DCIM101MEDIA$19,000,000 USD | Florida, USA | Nestler Poletto Sotheby’s International Realty

Florida - This property is ideally located in the renowned Estate Section of Delray Beach, just seconds to the famed Atlantic Avenue, north of Boca Raton’s Mizner Park and south of Palm Beach Island’s Worth Avenue. The home sits on one of South Florida’s best land parcels with incredible privacy, great elevation, stunning ocean views and one of the deepest oceanfront parcels the South Florida coastline has to offer. It features six full bedrooms, seven full and three half baths and 16,000 square feet. It was designed by Affiniti Architects with Marc Michaels interiors and built by Mark Timothy Homes.

Aspen Snowmass 15.1m$15,100,000 USD | Colorado, USA | Aspen Snowmass Sotheby’s International Realty

Colorado - Atruly unique offering, this spectacular home is just a few blocks from Aspen’s core, yet it is situated with end of the road privacy and peaceful outdoor space. The combination of size, luxury and location are rarely seen in this market. There are six en suite bedrooms, plus an office, gym and media room.

Montecito  15m (3)$15,000,000 | California, USA | Sotheby’s International Realty-Montecito-Upper Village Road Brokerage

California - One of Montecito’s premier properties is perfectly situated on prestigious Picacho Lane. South facing terraces look over lush gardens to ocean and island views. This architectural masterpiece is unparalleled for its luxury, amenities and attention to detail. The approximately 3.5-acre estate is graced with two private water wells, a two-bedroom guest house, pool house, staff quarters and a north south tennis court.

Rego SIR Bermuda 14.75m (1)$14,750,000 | Bermuda | Rego Sotheby’s International Realty

Bermuda - This expansive estate was beautifully designed and built in 1992 for the enjoyment of a large family. Every detail of the property has been carefully crafted with high end materials and work- manship designed with a fine sensitivity to traditional Bermuda features. The main house includes four spacious bedrooms all en-suite, a large formal living room, informal living room/movie room with wet bar, dining room and library all with fireplaces, an office wing, a conservatory, two wine cellars, elevators and a two-bedroom staff apartment. The grounds are magnificent with a beach pavilion, two-bedroom guest cottage, separate gym, pool, tennis court and putting green, as well as access to Grape Bay Beach.

Significant Sales Volume 02 >

Charming & Historic | Boston, Massachusetts

Boston is one of America’s oldest, most charming cities surrounded by the Greater Boston area, which is a unique mix of historic culture and innovation. Known for its rich history and architectural variety, today, the Boston area is one of the most desirable locations. Currently, the city is amidst one of its largest building booms yet, while walking down Beacon or Washington Street, you will still find Georgian and Federal Style homes.

The beauty of our city is in the preservation of rich history displayed in each of these fine homes. Despite these properties being in traditional Boston, they all have unique and distinct architectural varieties.

Like the Trinity Church in the Back Bay of Boston, Brookline is an area that is known for Romanesque Revival architecture, characterized by thick, roughly textured walls of warm-toned stone or brick. This stunning, French-inspired new construction in the Estate section of Brookline features soaring ceilings and custom wrought iron hand railings.

17 Yarmouth$7,500,000 USD | Brookline, Massachusetts | Gibson Sotheby’s International Realty

Beacon Hill’s cobblestone streets and brick rowhouses directly border the Boston Common and the Public Garden is prominently made up of Federal-style rowhouses. On a quiet street on prestigious Beacon Hill, this unique residence located at 5 Byron Street offers inspired modern living in artfully designed interiors by acclaimed architect Graham Gund. An architectural tour de force, the 2-story main living area combines monumental paneled accent walls, a fireplace and grid-motif balconies.

5 Byron LR$6,950,000 USD | Boston, Massachusetts | Gibson Sotheby’s International Realty

Although much of Boston’s old architecture and the Colonial tradition have been preserved, located just twenty minutes outside of the city, Belmont is made up of beautiful homes varying in style from Colonial or Tudor Revival to Mid-Century Modern. Often modern homes in Belmont and the surrounding area are characterized by large single-paned windows, roofs with slopes, and open floor plans. Peacefully secluded on 1.76 plus or minus acres in Belmont Hill, embraced by an 88 plus or minus acre wooded preserve, this serene country home is a refined adaptation of farmhouse architecture, melding the purity and precision of modern design with the warm traditions of a home.

275 Somerset$6,750,000 USD | Belmont, Massachusetts | Gibson Sotheby’s International Realty

One of the original colonial settlements, founded in 1639, Sudbury is just outside the city and has retained its quaint, bucolic feel. This 19-room hilltop estate evokes a 15th century Venetian villa with all the amenities and comforts of a luxury home today. Inspired by the architecture of the Isabella Stewart Gardener Museum located in the Fenway-Kenmore neighborhood of Boston this beautiful estate grasps a sense of the intimate atmosphere in which the museum provokes.

Widow Rights Interior$3,200,000 US | Sudbury, Massachusetts | Gibson Sotheby’s International Realty


Many thanks to our guest blogger, Michelle Atkins, Staff Copywriter at Gibson Sotheby’s International Realty with offices in Boston, Westwood and Cambridge Massachusetts.

The Magic of Nantucket

From the pages of RESIDE® | Luxury Homes and Lifestyles Around the World | Spring 2015 Northeast Edition

FullSizeRender 2

Visiting Nantucket can seem a little like going back in time. And for many residents, that’s the point.

Nantucket has been one of the Northeast’s most beloved vacation and second-home destinations for generations. Located 30 miles south of Cape Cod, this scenic, un-crowded, island of beautiful homes and beaches is a meld of quaint sophistication, unlimited outdoor recreation and a bustling downtown district full of shops, cares, and restaurants. There are no stoplights on the island, no billboards or malls, just a vivid sense of pause and purity that makes arriving feel like a total, timeless escape.

“It’s very secluded yet easy to get to for people coming form places like New York of Connecticut of Boston,” says Gary Winn, Principle Broker and Owner of Maury People Sotheby’s International Realty. “When you’re there you feel like you’ve actually gone someplace different – you feel like you’re away.”

4TP2JT$9,995,000 USD | Siasconset, Massachusetts | Maury People Sotheby’s International Realty

Change happens slowly here, and most elements of the town, beaches and open spaces have been splendidly preserved. Many people who own seasonal property have been coming to the island for years, often since childhood. As Winn says, “It’s very historic. Nantucket doesn’t look much different than it did 30 years ago.”

That’s due in large part to the conservation instincts of homeowners, but the island has also taken strong measures to protect its classic New England seaport culture and 19th century architecture through an active Historic District Commission. In the town of Nantucket particularly, oversight is strict and new structures must blend into the historic fabric of the community.

Luxury properties range from intimate, immaculately renovated in-town homes to more spacious cottages and manor in desirable locations like Monomoy, or Brandt Point and the Cliff Area overlooking Nantucket Sound. Large acreage estates with pools and guesthouses are found along the Atlantic coast to the east, while Surfside, Cisco and the great beaches to the south are seeing a wave of high-end redevelopment.

KN9DDM$7,500,000 USD | Nantucket, Massachusetts | Maury People Sotheby’s International Realty

Buyers, many who have been aching to reconnect to Nantucket, usually come form the Northeast and East Coast, but Winn says European clients, particularly from London, have been surprisingly active. With inventory for premier properties traditionally low, prices on the island hold strong. Even so, “It seems like we’re in the beginning of another cycle and the prices are going to go up again,” Winn says. “I think it’s a good time to jump in.”

It’s a cliché to say that you never really leave a place you’re fond of, but it’s absolutely true of those who know Nantucket. For them, Nantucket is as much an emotional destination as it is a physical one.

Article provided by Derek Duncan exclusively for Sotheby’s International Realty

Exclusive Contemporary Residence in Pinecrest, Florida | Video House Tour

$9,800,000 USD | Pinecrest, Florida | ONE Sotheby’s International Realty

This unparalleled modern estate enjoys elegantly maintained gardens, captivating architectural design, sophisticated modern amenities and state-of-the-art technology. A Crestron system keeps the home secure and gated entrances maintain privacy.