Luxury Real Estate Headlines: Third Week in June 2017

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

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$49,500,000 USD | McLean, Virginia | TTR Sotheby’s International Realty

“Located on the banks of the Potomac River, the 7 acre estate is about 8 miles from downtown Washington. Its Georgian-style house measures about 23,000 square feet with nine bedrooms”

AOL’s Steve Case Lists Historic Merrywood Estate for $49.5 Million – Wall Street Journal

A Seaside Nantucket Compound Moonlights as the Perfect Summer Getaway – Mansion Global

Five Homes for Tree Lovers – Financial Times

8 of the Most Expensive Properties for Sale in Bermuda – Boat International

Homes Where You Can While Away the Hours – Wall Street Journal

A Penthouse on Lake Como with a Musical History – Mansion Global

NYC’s Delightful ‘Pumpkin House’ is Back for $4.25M – Curbed

For Sale: 6 Stunning Single-Story Homes – The Week

18 of the Oldest Homes in America for Sale – Architectural Digest

A New York Townhouse, Typewriter Included – Wall Street Journal

House Hunting in… Luxembourg – The New York Times

A Home for Literature in Prague – Financial Times

Milan’s Brera Neighborhood is Artsy Cool – and Upmarket, Too – Mansion Global

The Art of Living With and Within Art – T Brand Studio

10 Vineyard Homes You Can Actually Move Into – Elle Decor

Andy Warhol’s First Self-Portrait is on the Auction Block – Architectural Digest

Luxury Real Estate Headlines: Final Week in November 2015

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

Italy€1.800.000 (EUR) | Milan, Italy | Italy Sotheby’s International Realty

“This 2,400-square-foot apartment dates to the turn of the 20th century and was renovated in 2007. It is in the Corso Magenta district, within walking distance of two Milanese landmarks: the church of Santa Maria delle Grazie, where Leonardo’s “Last Supper” fresco was painted; and the Romanesque Basilica di Sant’Ambrogio.”

House Hunting in… Milan – The New York Times

6 Beautiful Homes for Wine Lovers – The Week 

A Taste of Bali in Spain Wall Street Journal

Sotheby’s International Realty Brand Expands Luxury Brand Presence into Finland – Sotheby’s International Realty

New York Property: Broadway Typifies City’s Booming Real Estate – Financial Times

On the Market: A Greek ‘Village’ – Mansion Global 

Industrial Design Wins Over Suburbanites – Wall Street Journal

U.S. Home Prices Rose 5.7& in Third Quarter from Prior Year – Bloomberg

Digitize Your House with These High-Tech Touches – DuJour

Rare Collection of Pocket Watches to be Auctioned at Sotheby’s London – The Telegraph

Where the Wild Things are Worth $950,000 – Bloomberg

Sotheby’s International Realty® Brand to Expand Luxury Brand Presence across Italy

Italy

€35.000.000 EUR | Salerno, Italy | Italy Sotheby’s International Realty

Sotheby’s International Realty Affiliates LLC today announced the brand’s existing affiliate brokerages Milan, Lake Como, Rome and Tuscany Sotheby’s International Realty will now do business as Italy Sotheby’s International Realty under the current managing partners, Lodovico and Clemente Pignatti Morano. With this agreement, Italy Sotheby’s International Realty plans to provide residential real estate services throughout the country, focusing on Italy’s major cities and key markets such as: Argentario, Amalfi Coast, Forte dei Marmi, Lake Garda, Sardinia, and Portofino/Santa Margherita. The Sotheby’s International Realty® brand is also represented in Venice by Venice Sotheby’s International Realty, which is owned and managed by Ann-Marie Doyle. The two brokerage companies plan to work cooperatively together to service customers’ needs throughout the country.

“Increasing the Sotheby’s International Realty brand presence in Italy is yet another example of our commitment to providing our network’s exclusive real estate services in luxury property destinations around the world,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC.  “Italy has an important position in the luxury market in Europe and this coordinated initiative provides a stronger and wider footprint in one of the most beautiful and historic countries in the world.”

“The Italian luxury real estate market provides strong opportunities in major cities and second-home destinations throughout the country in terms of both sales and rentals. We are thrilled to represent the Sotheby’s International Realty brand under the name Italy Sotheby’s International Realty. It means being able to service and advise our global clients willing to own their personal Italian dream whilst, in the process, confirming our market leadership,” says Lodovico Pignatti Morano‎, managing partner for Italy Sotheby’s International Realty.

“Italy is now officially out of its longest recession in history, having passed a number of key economic reforms and with more in the pipeline. Institutional reforms have paved the way for the long-awaited political stability, and World Expo 2015, held in Milan, perfectly symbolizes this new beginning for Italy,” said Clemente Pignatti Morano, managing partner for Italy Sotheby’s International Realty.

The Sotheby’s International Realty network currently has approximately 17,000 sales associates located in approximately 800 offices in 61 countries and territories worldwide.  Italy Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website.  In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and their clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs.  Each office is independently owned and operated.

 

EXPO 2015 Shapes Milan’s Classic Skyline

Post provided by guest contributing blogger, Diletta Carutti, Social Media Manager, Milan | Lake Como | Tuscany Sotheby’s International Realty in Italy.

Not only is Milan a fashion capital, famous worldwide for its luxury shopping districts, excellent cuisine and the “Teatro alla Scala” opera house, it is also Italy’s most dynamic business city.  Many view the real estate investment industry as one of the key drivers leading Italy’s future, and as Milan prepares to host the 2015 Universal Exposition (World’s Fair), the city has been changing its skin. Dozens of new construction developments have been popping up across the city, forming new Palazzos that are transforming Milan’s skyline.

Milan_Italy_Guest Blog

Price Upon Request| Milan, Italy | Milan Sotheby’s International Realty

Porta Nuova is one of the most remarkable developments in Milan, if not in the whole country. Approved in 2004, this project comprises an area of approx. 3,660,000 sq.ft. and includes several high-rise buildings, cultural centres, a large city park and a new metro line stop, in addition to underground parking.

Via de Castilla_Milan_Italy

Price Upon Request| Milan, Italy | Milan Sotheby’s International Realty

Living in one of  Porta Nuova’s new residences is like embracing a new lifestyle where the sobriety of a private villa inspired by Milanese signature architecture meets the modern and international features of a high-rise building. In order to satisfy the growing demand of a clientele looking for turnkey homes, the interiors can be furnished with some pieces of the Meissen home collection (http://www.meissen.com), one of Europe’s most tradition-rich houses of fine art and hand-crafted luxury.

“Our clients are always more demanding in regard to the condition of the apartments and their amenities,” says Luca D’ Angelo, head of sales at Milan Sotheby’s International Realty.  “We see a lower turnover on the market for those apartments requiring big renovation and not immediately available for move-in. House prices decrease by 15% on average compared to those of 2010 and this reduction is even more significant for the second market compared to new developments.”

Via Tamburini_Milan_Italy

Price Upon Request| Milan, Italy | Milan Sotheby’s International Realty

In the exclusive central streets defined by elegance and history, the prices of the apartments boasting views of green courtyards, and with privacy and comfort, have been stable on an average of € 13,000 per square meter. Within the Fashion District, besides the very top luxury homes, there are excellent investment opportunities in one or two-bedrooms-apartments with 6% yield for short term rentals, which are now often in demand thanks to the EXPO Milano 2015.

Via Borgospesso_Milan_Italy

530,000 € EUR | Milan, Italy | Milan Sotheby’s International Realty

“For a clientele looking for good deals, I recommend semi-central areas such as Fiera, Sempione and Repubblica,” says Laura Torrielli, senior sales manager at Milan Sotheby’s International Realty. “In these districts, upscale apartments in iconic palazzos such as those designed by the famous architect Giò Ponti are selling at prices 20% less compared to those a few years ago.”

Via Domenchino_Milan_Italy

1,550,000 € EUR | Milan, Italy | Milan Sotheby’s International Realty

View Luxury Real Estate for Sale in Milan >

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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

Luxury Real Estate Headlines: Fourth Week in June 2013

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

luxury ranches for sale

North Star Ranch / La Veta, Colorado / $5,250,000 USD
Legacy Properties West Sotheby’s International Realty

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Sotheby’s International Realty Expands Presence in ColoradoSotheby’s International Realty

Sotheby’s International Realty Affiliates LLC today announced that Legacy Properties West in Durango, Colo., is the newest member of its luxury real estate network and will operate as Legacy Properties West Sotheby’s International Realty.

Home prices see biggest annual gain in seven years in April: S&PReuters

Seven Takeaways on Rising Home SalesWSJ Developments Blog

Foreign Home Buyers Continue to Identify U.S. as Profitable InvestmentRealtor.org

Colorado Ranch Lists for $16.9 MillionThe Wall Street Journal

Americas: From ‘Melrose Place’ to BellevueWSJ House of the Day

On the market: July 2013 / MilanArchitectural Digest

House of the Week: Historic Spot in FloridaZillow

Buying Real Colonial Houses, Built Pre-1776 – The Wall Street Journal

The art of selling a mega-estateFairfield County Business Journel

The Art Market: law of supply and demandFinancial Times

High Fashion Home in Milan, Italy / House Tour

Santo Versace, president and co-chief executive officer of the famed Italian fashion house, Gianni Versace S.p.A recently listed his Milano mansion for €49 million EUR – roughly $64 million USD. Designed by architects Carlo De Carli and Antonio Carminati, the home is considered one of the finest examples of post-war rationalist residential architecture which was typical of the early 1950s in Milano.

santo versace milan house for sale

The understated exterior reveals a glamorous and elegant interior reminiscent of Versace’s bold, contemporary style.

santo versace milan mansion

The unique property is located on Via dei Giardini, the only street with trees in the center of Milan. With a private garden and rooftop terrace, the home is immersed in the greenery despite being in the heart of the bustling city.

santo versace milan house for sale

“There is simply no other property like this in Milan – on or off the market,” says Lorenzo Mercolini, Managing Director of Milan Sotheby’s International Realty.

Casa Santo Versace Milan

This one-of-a-kind masterpiece is listed with Riccardo Bergamo of Milan Sotheby’s International Realty and may be viewed by appointment only.

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