“Since our grand opening in October 2014, Beijing Sotheby’s International Realty has been attracting the attention of leaders in China’s luxury real estate industry. From top developers to leading real estate brokers, the power and global reach of the Sotheby’s International Realty brand is causing a paradigm shift with how homeowners list exclusive properties in Beijing. We are already starting to see increased interest by overseas buyers who see opportunity with the recent weakening of the Chinese economy and depreciation of the Yuan. Most recently, Beijing Sotheby’s International Realty secured exclusive representation for a traditional Courtyard Garden home or Siheyuan (“Four Sided Garden”), the historic symbol of old Beijing. With architectural roots that date back over 1,000 years, these ancient residences are being restored and selling for record prices. This 17,000 square foot historic home is fully updated with modern amenities, beautifully preserved ancient rosewood architecture and situated in the center of Beijing – just blocks from Beijing’s Palace Museum. The seller has listed this treasure exclusively with Beijing Sotheby’s International Realty for $79 million (USD).” – Yu Tao, Senior Manager, Beijing Sotheby’s International Realty
The western most of the contiguous 48 United States, California, is known for its diverse beauty and rich cultural significance. From world renowned skiing and surfing, national landmarks like the Golden Gate Bridge and the Hollywood sign or breathtaking vistas, enduring national parks, and unrivaled beaches, California remains one of the most sought after destinations for luxury real estate in the world. Discover some of what California has to offer as we take you on a virtual road trip through the properties below!
Tahoe City - Starting in Northeastern California, this architecturally sophisticated home showcases the beauty of Lake Tahoe and the surrounding natural landscape. Far from the glitz and glamour of California’s more metropolitan regions, discover the serenity of the Golden State’s forest and lakeside vistas.
San Francisco - The next stop on our road trip is the famed bayside city of San Francisco. Situated along the Greenwich Steps below Coit Tower, this contemporary condo has breathtaking views of the Bay, Bay Bridge and beyond. Merging contemporary aesthetics with idyllic and iconic San Francisco surroundings, this home offers the quintessential San Franciscan experience.
Los Angeles - Travelling south we arrive in the famous city of Los Angeles where we have a grand Mediterranean bordering Griffith Park. Located on one of the most storied streets in all of the Oaks, this elegant home offers inspiring views of towering pines, Griffith Observatory and the captivating city lights.
Manhattan Beach - Just north of Long Beach and west of Los Angeles, we’ve reached this unique home in Manhattan Beach. Originally constructed in the mid 1930s by MGM Studios, it is said that Errol Flynn once lived in this home. Rebuilt in 2002 to exacting standards by a team of passionate experts, this property is the unrivaled result of Art Deco and Contemporary design motifs in harmony.
Newport Beach - Continuing down the Pacific Coast, we arrive in the town of Newport Beach, where we have waterfront living at its finest. Evoking the architectural charm of the Eastern seaboard, this pristine Cape Cod-style bay front home on Balboa Peninsula has a decidedly West Coast flair and relaxed, welcoming aesthetic. A private slip and side tie to accommodate a yacht in excess of fifty feet plus rare access to a private beach makes this is an ideal harbor front home.
Rancho Santa Fe - Our last stop on this virtual tour brings us just north of San Diego to Rancho Sante Fe. Located in the peaceful, gated golf course community of The Bridges, this elegant home is a genuine architectural masterpiece. Overflowing with warmth and drama, this remarkable estate reveals beauty in concert with its picturesque location, which is served by the award-winning Rancho Santa Fe School District and convenient to dining, shopping and miles of sun-drenched beaches.
“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.
“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
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.
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.
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.
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.”
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.”
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.
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.”
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.
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.
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.
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.
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.
Many 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.
“Rhinebeck, in the very beautiful and historic Hudson Valley, has become a real destination these days, set against the backdrop of the Hudson River and the Catskill mountain range. Snow sports, summer sailing or hiking in the hills are for the taking depending on the time of year. The number of property sales this year in the Hudson valley has noticeably increased above 2013. However, the median selling price is unchanged. The average number of days on the market shows up as lower, indicating that properties are selling a little quicker for now. Most transfers are for existing houses already restored. Strict local zoning limits much new building, preserving the historical character of the area, and strong feelings about land conservation help maintain its natural beauty.” – Heather Croner, owner, Heather Croner Real Estate, Sotheby’s International Realty
“The political and socio-economic stability of The Bahamas, along with its tax-neutral laws, kept the high-end market humming throughout the global financial crisis. From 2008 through 2011, many wealthy Europeans and South Americans flocked to buy real estate in the Bahamas in order to establish residency and insulate themselves from volatile financial markets and inevitable tax hikes in their home countries. On the other hand, during this period we saw very few buyers in the midrange ($750,000 to $1 million) vacation condo market. However, that trend has changed significantly over the last two years. Vacation buyers from the United States and Canada have been snapping up beachfront and ocean view condos in Nassau and Paradise Island, as they see great value in comparison to other beach and resort destinations around the world. This increased activity has driven up transaction volume and price points 15 to 20 percent over the past two years. There is a sense of strong optimism in the Bahamas market, which has attracted a number of renowned international developers to initiate new projects throughout our islands. With top-quality inventory and favorable economic conditions, we expect demand and prices to continue to rise.”
– Nick Damianos, estate agent, Damianos Sotheby’s International Realty
“Raleigh is the quintessential blend of southern charm and sophisticated urban living. As the capital city, perfectly situated between North Carolina’s majestic mountains and beautiful coastline, Raleigh offers world class shopping and dining, excellent education with proximity to universities, exceptional healthcare, and a wide variety of sporting and cultural opportunities. Raleigh is consistently ranked at the top of the ‘Best of’ lists because it is a premier city to live, work, and play. All of these factors combine to create a robust housing market here in the Research Triangle area; with its moderate climate, diverse workforce and affordable housing, it is a desired destination for people moving here. Recognized by both Forbes magazine and CNNMoney as ‘one of the nation’s fastest growing cities,’ we are confident that our real estate market will only continue to improve and thrive.”
– Joe Hodge, president, Hodge & Kittrell Sotheby’s International Realty
“Belize is an incredible market with so much opportunity, both in investment benefits as well as in the variety of landscapes offered. Belize is an English speaking country that offers foreigners the opportunity to hold title with a very affordable property tax system. There is also a very attractive system in place known as the Qualified Retired Persons Program. This allows for US and Canadian citizens who are over 45 to apply for many benefits including exemption from importation duties on personal effects for the first year in the country as well as exemption from importation duty on a personal vehicle every five years. Belize also offers lifestyles ranging from island living, rain forest and eco-living, to farm and ranch. The value obtained in this market is incredible. The Sotheby’s International Realty brand has already had an amazing effect here and will continue to do so. This brand is a vehicle which will push quality development forward in Belize. Our team in combination with the brand is taking the real estate market to the next level in regards to service and professionalism.”
– Brittany McCann, owner, Belize Sotheby’s International Realty
“The Austin market has seen exceptional growth over the last year thanks in part to a host of events that have placed our small Texas city firmly onto the worlds’ stage. Events like the Formula 1 US Grand Prix and the X Games have now made Austin their home bringing with them a flood of new buyers to the high-end market and putting inventory of $1million+ properties into a sharp decline. Tower cranes are a common sight in the city’s core as several new luxury residential condo projects are being built to provide a product that has not been in demand before. The technology and film sectors continue to grow with the addition of Google Fiber to the greater Austin area. With the addition of new international flights at the airport along with new and exciting events, entertainment and development on the horizon, Austin will continue to increase in its appeal to national and international clients alike.”
– J. Kuper, principal broker and owner, Kuper Sotheby’s International Realty and Capital City Sotheby’s International Realty