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

The Magic of Nantucket

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

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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.

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.

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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.

Tranquil Oceanfront Residence in Sapodilla Bay, Turks and Caicos | Video House Tour

$2,690,000 USD | Turks & Caicos | Turks & Caicos Sotheby’s International Realty

Surrounded by a spectacular, colorful garden, this island escape overlooks the serene and protected Sapodilla Bay. Ideal for breathtaking sunsets, swimming, paddle-boarding or kayaking, this timeless home showcases the natural beauty and sophistication Turks & Caicos has to offer. 

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

Significant Sales Volume 1 2015

The latest issue of Significant Sales features top sales from around the world beginning with an elegant townhouse in New York. Also featured are panoramic views of the Pacific in California, a snowy penthouse in Aspen and more than twenty other properties from around the globe.

East Side 37m (2)$37,000,000 USD | New York, USA | Sotheby’s International Realty-East Side Manhattan Brokerage

New York - Paul Mellon, heir to one of America’s great banking fortunes, and his wife, Bunny Mellon, built this extraordinarily beautiful 40 foot wide townhouse on a fabled Upper East Side block in 1965. Featured in The World of Interiors magazine, the townhouse, designed in the neo-French classic style and evoking the charm of the French countryside, reflected the passions of its owners. Paul Mellon curated his art collection in the library overlooking the exquisite garden with reflecting pool and gazebo, where Bunny Mellon, designer of the White House Rose Garden and friend to U.S. First Lady Jacqueline Kennedy Onassis, indulged her love of gardening. The high-ceilinged drawing room and dining room lead to a spectacular terrace, the center of celebratory parties. The townhouse has 5-8 bedrooms, with flexibility for guests and staff, eight baths, chef’s kitchen, wine room and elevator. Most rare, however, the house has three exposures, affording brilliant sunlight into some of the most beautiful rooms on the Upper East Side.

East Side 25m (2)$25,000,000 USD | New York, USA | Sotheby’s International Realty-East Side Manhattan Brokerage

New York - Built in 1887 by William Noble, 247 Central Park West is one of the few remaining single family homes on Central Park. Today with 10,745 square feet, this magnificent architectural master- piece juxtaposes historic prewar details with contemporary splendor. The home boasts a 60 foot fresh water pool, Zen-like bamboo garden and a roof deck with sweeping park views.

Bridgehampton 16.5m (1)$16,500,000 USD | New York, USA | Sotheby’s International Realty-East Side Manhattan Brokerage

New York - This rarely available, gated waterfront retreat is on more than three acres in North Haven. It features 200 feet of direct water frontage on Shelter Island Sound, with spectacular open, unobstructed water views across the bay to Mashomack Preserve and beyond.

Vista 15.5m (2)$15,500,000 USD | California, USA | Vista Sotheby’s International Realty

California - Via Visalia not only has a panoramic view of the ocean and city, but sights as far as the eye can see. The home features an orchard with fruit trees and vegetable farm. There is a swimming pool and a tennis court, separate garden and prep area for cutting flowers, as well as a picnic bench on the west side overlooking the Pacific Ocean. The house was designed by renowned Wuesthoff & Pearson, AIA. Each of the finishes from the wood beam ceilings to the vintage iron railings to the Spanish tiles and custom antique doors imported from Mexico were hand-selected by the owner. Most of the home is all on the first floor with picturesque views of Los Angeles and the entire Santa Monica Bay. With the lot measuring approximately 116,305 square feet and with more than 200 feet facing the ocean, it’s the third largest property in Palos Verdes Estates and the largest of its kind available in almost two decades.

ASPEN MTN.jpg$13,200,000 USD | Colorado, USA | Aspen Snowmass Sotheby’s International Realty

Colorado - This brand new, one-of-a-kind, four bedroom, four-and-a-half bath penthouse is located in the heart of downtown Aspen. Features include multiple south-facing decks (one with a giant hot tub), outdoor kitchen and fireplace, private entry and elevator and underground two-car garage. Current land use codes do not allow Penthouses of this magnitude (5,000 square feet) to be constructed in Aspen’s downtown core again. Located one flat block from the Gondola and surrounded by the fabulous shops and restaurants of Aspen. Significant Sales Volume 01 >