Luxury Real Estate Headlines: Final Week in May 2015

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.
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$4,300,000 USD | Southampton, New York | Sotheby’s International Realty – Southampton Brokerage

Listed on the National Register of Historic Places, this brick home designed to look like a castle was built around 1911. The master bedroom, with a free-standing bathtub, sits in a two-story turret. There is a second turret above the kitchen. The property includes a gunite pool and an octagonal pool house. Ultimate Medieval Amenity: A Turret — Wall Street Journal

In Real Estate, Golf Ups Its Game — Wall Street Journal
Condo Owners in West Get High Grades — Wall Street Journal

 

Russian Works of Art at Sotheby’s London

On June 2nd Sotheby’s London will auction the finest examples of four centuries of Russian decorative art. Encompassing over 110 items ranging from Fabergé pendants estimated at £3,000, to 17th century icons, enamelled champagne flutes, and a magnificent pair of silver six-light candelabra by Pavel Ovchinnikov estimated at £150,000-200,000. This sale is set to provide insight into Russian history and recapture the market’s interest.

086L15113_6KMMJ_EAn Imperial silver-gilt and cloisonné enamel triptych icon, Khlebnikov, Moscow, 1886, est. £100,000 — 150,000

Also up for auction are three exquisite works commissioned by the Romanoffs, offering a rare look into the life of the Imperial family. A writing cabinet from the 1840’s, a rare icon presented to a young Emperor Nicholas II on his eighteenth birthday and a hardstone parrot by Denisov-Uralsky once belonging to the Dowager Empress Maria Feodorovna are among the treasures presented.

001L15113_7SP4B_A (2)A rosewood, porcelain and gilt-bronze writing cabinet, Peter and Ernst Gambs and the Imperial Porcelain Manufactory, St Petersburg, Period of Nicholas I (1825-1855), circa 1842, est. £150,000-200,000

055L15113_6LFBC_AAn Imperial hardstone figure of a parrot, Denisov-Uralsky, St Petersburg, 1913-1914, est. £80,000-120,000

The companies from the Sotheby’s International Realty network that will be attending the auction are ONE Sotheby’s International Realty, Premier Sotheby’s International Realty, Sotheby’s International Realty Inc., Sotheby’s International Realty United Kingdom and Sotheby’s International Realty Moscow.

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

Key Locations for Ultra High Net Worth Real Estate

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.”

NYC$82,000,000 USD | New York, New York | Sotheby’s International Realty – East Side Manhattan Brokerage

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.”

England£12,950,000 GBP | London, England | London Sotheby’s International Realty

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.

HongKong$350,000,000 HKD | Hong Kong | Hong Kong Sotheby’s International Realty

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.”

Paris8.400.000 € EUR | Paris, France | Propriétés Parisiennes Sotheby’s International Realty

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.

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

Home Design for the Ultra-High Net Worth

Living a luxurious lifestyle is as much about the interior décor as it is about purchasing a majestic home. From state of the art home systems to coveted closet space, the custom options are endless. “These are the kinds of amenities our network is seeing buyer interest in,” said Wendy Purvey, chief marketing officer, of the Sotheby’s International Realty brand. “It’s become expected that luxury homes have existing custom touches, but also have the potential for design upgrades to suit the unique taste of the buyer.”

Faiza Seth, CEO and founder of Casa Forma, an award-winning luxury interior design firm headquartered in London, shares with us design requests from some of Casa Forma’s ultra-high net worth clientele.

Party HubEntertainment

Entertainment plays an important role in the lifestyle of many of our clients. Therefore it came as no surprise when we were commissioned to design an entertainment apartment in London’s Docklands, that should be ‘crazy, yet sophisticated’ – a 24/7 exclusive club for the owner and his closest friends. With a few custom touches of a full wall fish tank and an interactive light up “Billie Jean” dance floor and wall panels, the home certainly became an entertainer’s paradise.

Mayfair ApartmentThe Comforts of Home

In London, space comes at a premium, so we are often tasked with making the most out of smaller spaces and finding ways for the client to still “have-it-all.”  Pictured above is the result of taking the comforts of a 45,000 square foot country home and making them work for a 4,500 square foot apartment. The importance was transferring the comfort and convenience of the larger home in a more compact space.

BillionairesCoveted Closet Space

A dream closet is on the wish list of many. Cabinets, shelves, islands and shoe and jewellery storage are just a few of the common closet requests, but with the ultra-high net worth, the design is often taken to the next level. We’ve honored many requests when designing closets, but by far the most interesting was when we were asked to examine the owner’s clothing and build a closet based on their style and the precise needs of their clothing collection.

Designing personal spaces for the ultra-high net worth is a journey that is extraordinarily intimate, beautiful and sometimes outrageous—yet, rewarding and a privilege to showcase the personalities, hobbies and lifestyles of our clients.

Explore the Sotheby’s International Realty Luxury Lifestyle Report to learn more about purchasing behaviors of high-net worth consumers.

Saiza Seth Casa FormaSpecial thanks to our guest blogger, Faiza Seth, CEO and founder of Casa Forma. Casa Forma is an award-winning luxury interior design firm headquartered in London, UK, providing a comprehensive architectural and design service for residential, commercial, and hospitality properties creating the ultimate in comfort and luxury.

Photo courtesy: Casa Forma

Home for the Holidays | Entertaining Tips

Holidays bring family and friends together to celebrate, reflect on the past year and look forward to a bright new year ahead. From tablescapes, to menus and more, the devil is in the details when designing the perfect event for your guests.

Jamie Horton, managing director for Harlequin London, UK’s leading source of luxury tableware, decorative accessories and lighting, shares his top tips on planning a festive holiday celebration to entertain family and friends.

No 14 Verbier - Harlequin LondonNo 14 Verbier courtesy of Harlequin London

Dining is one of the most magical experiences this time of year – so don’t skimp on dining accessories. Sparkling crystal flutes for champagne and exquisite porcelain tableware will ensure your evenings have a truly five-star feel.

Roaring Fire WyomingPrice Upon Request | Wilson, Wyoming | Jackson Hole Sotheby’s International Realty

Roaring log fires are an absolute must for holiday entertaining. Perfect ways to bring warmth and style to your holiday party include keeping extra firewood in decorative baskets and adorning couches with lush throws.

Harlequin London Christmas Roses Table FlowersChristmas Table – Courtesy of Harlequin London

When it comes to your holiday dining table, don’t be boring! Unusual colors will bring your table to life and work really well to create something memorable. Also, think about the color wheel, and go for subtle splashes of complementary colors against your main hue, to keep the scheme from looking monotone.

Table setting London£6,950,000 GBP | London, England | London Sotheby’s International Realty

No holiday is complete without beautiful floral arrangements adorning dining tables, mantelpieces and staircases alike. Combine lower-level pieces in subtle whites to add pretty interest with more dramatic arrangements using traditional winter foliage to give a truly festive and striking feel.

Christmas Table Candles - Harlequin LondonChristmas Table – Courtesy of Harlequin London

Candlelight is an essential part of winter – layer up your lighting to enhance the cozy feel with plenty of lanterns and tea lights alongside sophisticated table lamps.

Once the scene is set, you’re ready to share a memorable holiday with your dearest companions. Wishing you a wonderful holiday celebration!

Jamie Harlequin CEO

Many thanks to our guest blogger, Jamie Horton, managing director at Harlequin London. Follow Jamie on Twitter at @J_F_Horton and Harlequin London at @harlequinldn. Visit Harlequin London.

Keeping it in the Family | Legacy Homes

Legacy homes are built with custom touches, including charms of the past combined with today’s modern amenities. Located near popular university towns around the world, these inviting legacy homes are sure to be passed down for generations to come.

Princeton_New Jersey

$3,800,000 USD | Princeton, NJ | Callaway Henderson Sotheby’s International Realty

Princeton, New Jersey- This gracious and comfortable one-of-a-kind home is located in the prestigious university town of Princeton, New Jersey. Exposed beams, stone and plaster walls, as well as six fireplaces, offer welcoming warmth to all formal and informal spaces.  Reading nooks and sitting areas introduce six architecturally intriguing bedrooms, perfect for a growing family. Wine cellar, fitness and rec room, pool and fire pit complete this tasteful home.

Austin_Texas

$4,475,000 USD | Austin, Texas | Capital City Sotheby’s International Realty

Austin, Texas- This true contemporary waterfront home in Austin features six bedrooms, six bathrooms, three car garage, and 110 feet of Lake Austin waterfront with plentiful views. The home is complete with a beautiful swimming pool, outdoor kitchen and a two story boat dock. Not too far away, is the bustling city of Austin, home to universities, great restaurants and more, making this a perfect legacy home.

London_England

£5,800,000 GBP | London, England | London Sotheby’s International Realty

London, England- An elegant and immaculately presented family townhouse located in the heart of Connaught Village, a moment’s walk from Hyde Park. The house has been lovingly refurbished and compromises of four to five bedrooms, four bathrooms, formal reception room, dining room, kitchen, two cloakrooms, conservatory, a large garden, excellent storage space and a roof terrace. Overlooking communal gardens, the house benefits from wonderful privacy and lovely views, offering a touch of country life within the big city.

$2,455,000 USD | Berkeley, California | East Bay Sotheby’s International Realty

Berkeley, California- A stunning, gated masterpiece French Mediterranean in the heart of the Berkeley Hills. This home offers privacy and tranquility with sweeping views of the San Francisco Bay, Mount Tamalpais, and more. A large outdoor patio and backyard are perfect for entertaining and gardening. The location of this four bedroom home provides easy access to shopping, restaurants, parks, schools and freeways.

Kingston_Canada

1 200 000 $ CAD | Kingston, Canada | Sotheby’s International Realty Canada

Kingston, Canada- This unique and modern waterfront home is nestled in an exclusive, heavily treed enclave, great for a family and just 10 minutes from downtown Kingston. The fantastic floor plan showcases magnificent river views from the many large windows and skylights which flood this new home with light and love. The master bedroom of this four bedroom home has a walk-thru closet and a private balcony overlooking the water.

Luxury Penthouse in London / House Tour

A truly magnificent luxury penthouse apartment in London with spectacular uninterrupted, 150 foot frontage views over Hyde Park. This sensational lateral flat offers state-of-the-art luxury living such as a fully equipped gym, beauty treatment room, home cinema and 6 stunning and spacious roof terraces and gardens.

London, England / London Sotheby’s International Realty

New and Notable Luxury Properties for Sale / March 2014

From lavish urban oases to elegant country retreats, this month’s collection of exceptional properties for sale feature homes from some of the world’s finest locales.

Luxury Villas for Sale / Dubai, UAE

145,000,000 AED / Dubai, United Arab Emirates / Dubai Sotheby’s International Realty

Dubai—Lavish and elegant, this jewel of a villa was designed by Pierre-Yves Rochon who is known for hotels like the Savoy in London, The Four Seasons George V in Paris and the Peninsula Shanghai. With opulent facades and manicured gardens, this eight bedroom villa strikes an impeccable balance between luxurious living and great design.

Lake Como Luxury Villa / Como, Italy

Price Upon Request / Como, Italy / Lake Como Sotheby’s International Realty

Italy—Located on the shores of Lake Como, this historic villa has direct lake access and a private wharf. The property has a large panoramic garden with swimming pool, hot tub and terrace that offers by far the best sun exposure on the Lake Como shores.

Waterfront Estates / Coral Gables, Florida

$24,900,000 USD / Coral Gables, Florida / ONE Sotheby’s International Realty

Florida—Nestled into a cove within the exclusive, gated Tahiti Beach, this palatial home exemplifies world-class architecture and luxury living. With expansive bay views and a private beach that are travel magazine worthy, this stunning home features soaring ceilings, a wine cellar, media room, meditation room and elevator.

French Rivera Mansion / Cote d'Azur, France

 17.000.000 € EUR / Saint Paul De Vence, France / Côte d’Azur Sotheby’s International Realty

France—Nestled on a park-like landscape, this extraordinary authentic mansion has been completely renovated and includes luxurious features including a professional home cinema, a wine cellar, a guest house, a pool house with kitchen, sauna, massage room, tennis court and a multi-car garage which can accommodate fourteen vehicles.

Unique London Penthouse / London, UK

£12,500,000 GBP / London, England / London Sotheby’s International Realty

London—Designed by Richard Hywel Evans, this truly unique penthouse apartment is located at Holland Park’s highest point and spans two floors. Consisting of mainly glass walls throughout, virtually all of the rooms enjoy uninterrupted, panoramic views over London.

Newly Listed Luxury Properties for Sale >

10 Most Popular Properties of 2013

Last year one of our most read blog posts was about the 10 Most Popular Properties of 2012, which listed our most viewed listings on sothebysrealty.com for that year. Back by popular demand, here are the 10 most viewed properties on sothebysrealty.com for 2013! Can you guess which property ranks number one?

10. Courchevel, France

luxury ski chalets france

Propriétés de Courchevel Sotheby’s International Realty / Courchevel, France / Price Upon Request

Exceptional and unique, this beautifully designed chalet is located in the French Alps ski resort of Courvhevel. This luxury homes includes 8 bedrooms of which there is 2 master, a family suite, luxury spa complete with pool, gym, home cinema and wine cellar.

9. Santa Barbara, California

peabody estate solana california

Sotheby’s International Realty – Montecito – Coast Village Road Brokerage / California, USA / $49,000,000 USD

One of the most significant homes in California, Solana features a magnificent 20,000+ grand estate as its centerpiece with hand-carved mahogany, European forged bronze hardware, museum quality mosaic tile floors, 18th century wall sconces, 17th century French oak paneling and stunning 360-degree views that stretch across the entire Montecito Valley to the foothills, past Santa Barbara’s beaches and the picturesque harbor. Whether it’s simply for your family’s enjoyment or to host a large benefit, Solana has the facilities and accommodations to suit the moment.

8. Snowmass Village, Colorado

ranches for sale aspen colorado

Aspen Snowmass Sotheby’s International Realty / Colorado, USA / $44,000,000 USD*

Situated on 504 private acres in Snowmass Village, this property is a compound that includes a main house, guest house, barn, pastures, ponds with water rights, outdoor spaces and breathtaking views. The main house features more than 23,000 square feet on three levels with four bedrooms, five full baths, three half baths, contemporary kitchen, formal and informal living and family rooms, his and her master baths and closets and large exercise room. There also is a massage room, indoor spa with sunken hot tub, multiple offices, game room, three-tiered theater, wet bar, vaulted ceilings and beautiful outdoor spaces with fire pit and wood-burning fireplace. *This Property Has Sold.

7. London, England

luxury penthouse apartment London

London Sotheby’s International Realty / United Kingdom / Price Upon Request

A truly magnificent luxury penthouse apartment in London with spectacular uninterrupted, 150 foot frontage views over Hyde Park. This sensational lateral flat offers state-of-the-art luxury living such as a fully equipped gym, beauty treatment room, home cinema and 6 stunning and spacious roof terraces and gardens.

6. Baltalimani, Turkey

mansion for sale Turkey

Turkey Sotheby’s International Realty / Turkey / $115,000,000 USD

This remarkable mansion, located in Baltalimani, RumeliHisari was built in the second half of the 19th century by the famous French architect Alexandre Vallaury for Müsir Zeki Pasha, who was a minister during the ruling of Sultan Abdulhamit II.

5. Piemonte, Italy

4000014710-italy

Tuscany Sotheby’s International Realty / Italy / Price Upon Request

One of Italy’s most beautiful monuments, The Castle is considered one of the most scenic and extraordinary castles for sale in the world. Its marvelous noble courtyard with the suggestive Fountain of the Mysteries is surrounded by impressive, historical walls which were built between the 9th and 14th centuries. With 30 bedrooms and 47 bathrooms, all the rooms and the halls are of an incommensurable beauty. The luxuriant medieval park is able to accommodate up to 300 guests within its perfectly manicured gardens.

4. Gland, SwitzerlandMansion for Sale Lake Geneva Swizterland

de Rham Sotheby’s International Realty / Switzerland / Price Upon Request

This ravishing waterfront property stands in beautiful 13-hectare grounds on the shores of Lake Geneva, surrounded by broad meadows, fields and woodland ensuring complete seclusion. Built in 1923, the property consists of a superb mansion, adjoining house for use as offices and guest accommodation, gate house and wonderful pavilion by the lake. Refined and elegant the interior living space includes several reception rooms with marble floors, fireplaces and beautiful wood paneling, a luxuriously equipped kitchen, nine bedroom suites, lavish bathrooms and a spectacular vaulted wine cellar and tasting room in the basement.

3. Hillsborough, California

luxury estate mansions for sale Hillsborough california

Sotheby’s International Realty – San Francisco Brokerage / California / $100,000,000 USD

Located half-way between San Francisco and the Silicon Valley in the bucolic town of Hillsborough, this Mediterranean-style mansion has been owned for 150 years by one family. Decorated by celebrated interior designer Anthony Hail, the mansion interiors encompass elegant and ornate public rooms, which evoke the sophistication and grandeur of a bygone era. Formal gardens and park-like grounds adjoin dozens of undeveloped acres surrounding the mansion, providing ultimate privacy and security.

2. Exuma Cays, Bahamasprivate islands for sale

Damianos Sotheby’s International Realty  / Bahamas / Price Upon Request

This private island, located in the heart of the Exuma chain in the Central Bahamas offers the ultimate privacy and relaxation.

1. New York, New York
0018837-NYC

Sotheby’s International Realty – East Side Manhattan Brokerage / New York, USA / $95,000,000 USD

The New York penthouse located at The Pierre Hotel encompasses the entire 41st, 42nd, and 43rd floors. Beautiful 360-degree views of Manhattan are found in this incomparable property. The Penthouse is located within one of the world’s greatest hotels. It is the triplex penthouse at The Pierre, a residence that will forever remain without peer in Manhattan.

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