Luxury Real Estate Headlines: Third Week of July 2014

7_18_Park Ave_Headlines

$44,000,000 USD | New York, New York | Sotheby’s International Realty-East Side Manhattan Brokerage

Jackie Kennedy Onassis’s childhood home is now on the market at uber posh 740 Park Avenue, which is still considered the city’s most elite trophy address.

Jackie O’s childhood home asks $44M at 740 Park Ave — New York Post

Sotheby’s International Realty Network Welcomes Washington Firm — Sotheby’s International Realty

Magna Carta Island Hits the Market The Wall Street Journal 

House of the Day: House Boat for Land Lovers The Wall Street Journal 

On the Market: A Historic Country House in Monticello, GeorgiaArchitectural Digest

On the Market: A Savannah Charmer with Water ViewsArchitectural Digest

On the Market: A Castle in the Tuscan HillsArchitectural Digest

On the Market: Katharine Hepburn’s Estate in Old Saybrook, ConnecticutArchitectural Digest

Home of the Day: Curvy Midcentury Modern in Brentwood Los Angeles Times

Realogy Agrees to Buy ZipRealty for About $166 MillionBloomberg

A Warhol With Your Moose Head? Sotheby’s Teams With EBayThe New York Times

World’s Most Famous Watch for Sale —Artnet News

Best Places in the World to Celebrate New Years Eve

Ring in the New Year in some of the world’s best locations for New Years Eve celebrations.

tribeca terrace apartments for sale

$24,500,000 USD | New York, New York | Sotheby’s International Realty – Downtown Manhattan Brokerage

New York City—An obvious choice, New York City often ranks among top places to ring in the New Year. With numerous roof top terraces, like this magnificent penthouse in TriBeCa, watching the city’s fireworks display is a magical experience.

apartments for sale in paris

3.500.000 € EUR | Paris, France | Paris Ouest Sotheby’s International Realty

Paris—Known as La Ville-Lumière (The City of Lights), Paris is a magical destination to celebrate New Years. After strolling the cobblestone streets and taking in the sights, cuddle up in a city apartment overlooking the river and Tour d’Eiffel.

luxury apartments for sale dubai

9,000,000 AED | Dubai, United Arab Emirates | Dubai Sotheby’s International Realty

Dubai—The 2013 New Years Eve fireworks display in Dubai is expected to be a monumental occasion. The show will start with a six-minute choreographed display and will attempt to break the Guinness World Record for the ‘Largest Fireworks Display.’ Enjoy this extraordinary pyrotechnic event in a luxury apartment in Downtown Dubai with spectacular skyline views overlooking Burj Khalifa.

luxury real estate Vaucluse Australia

Price Upon Request | Sydney, Australia | Sydney Sotheby’s International Realty

Sydney—From aerial acrobatics shows to the Harbour of Light Parade™, Sydney is an iconic location to ring in the New Year. This year’s event theme is Shine and the numerous fireworks displays that are planned over Sydney Harbour are sure to light up the city for all the world to see. Nestled on the hillside overlooking Sydney Harbour and the city skyline is this stunning home with one of the best views for taking in the festivities.

Asian Home Buyers Snap Up Real Estate Worldwide

Over the past decade, several global markets have seen an influx in Chinese buyers seeking to diversify their real estate investments and fulfill aspirations to own property across the globe. Vancouver, New York City, London, California, Seattle and Australia all have experienced heightened interest in real estate investment from the Asian buyer.

In April, our President and CEO Philip White will co-chair the Asian Real Estate Association of America’s 2014 Global and Luxury Summit, which will highlight the emerging market opportunities present in both the international and luxury real estate markets and provide key insights regarding Asian home-buying behaviors, a group that represents a significant portion of both high-end and international buyers.

“I am honored to serve AREAA in this capacity for the 2014 Summit, having personally been involved in the organization’s efforts over the last several years,” said White. “The Asian American market represents a significant growth opportunity in our industry. According to AREAA, the market has the highest growth rate of any multicultural group in the United States. The Asian American consumer base is growing, affluent, technologically savvy and has increasing buying-power: $718 billion currently, and expected to reach $1 trillion in just five years.”

seattle luxury condos for sale

$2,700,000 USD | Seattle, Washington | Realogics Sotheby’s International Realty

The Pacific Northwest region has always been an attractive destination for Asian buyers due to its proximity and lifestyle, but in recent years brokers say the trend has grown exponentially. “When it comes to Chinese buyers the real estate axiom isn’t location-location-location but rather location-education-environment,” says Dean Jones, President and CEO of Seattle-based Realogics Sotheby’s International Realty. “The Pacific Northwest is viewed as the Pacific Northeast as we are the closest mainland port and boast a pristine natural environment and top ranked schools and universities while real estate remains a relative bargain compared with Vancouver to our north and San Francisco to our south. We’re building an Asia Desk with Mandarin-speaking brokers, landing services for new arrivals and a specialty website——focused on the unique needs of this demographic.”

high-end chinese real estate buyers

$8,950,000 USD | New York, New York | Sotheby’s International Realty-East Side Manhattan Brokerage

In New York City, Nikki Field Senior Global Real Estate Advisor and Associate Broker at Sotheby’s International Realty, Inc. on the East Side of Manhattan, along with her team have spent the last five years immersing themselves in Asian culture. “Finding a new home on foreign shores is filled with perplexing decisions,” said Field. “There is a distinct Asian worldview on real estate investments that require a vast new skill sets needed to work with these buyers; cultural, social and business protocol is profoundly different in style. The focus on harmony, balance and order is fundamental to their life-style choices and we Westerners have much to learn from the East.”

Field and her team study the Chinese language, attend business culture classes and participate in numerous Chinese business organizations as guest speakers and seminar panelists in order to better understand their Asian customers.

Luxury Real Estate Headlines: First Week in December 2013

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

new york city lofts for sale

$10,000,000 USD | New York, New York | Sotheby’s International Realty-Downtown Manhattan

Dramatic and expansive renovated triplex with original mural by Keith Haring. $10M Tribeca [NYC] Maisonette Comes With Original Keith Haring Mural New York Magazine

Boost in New-Home Sales Greeted With SkepticismThe Wall Street Journal

Top 10 U.S. cities for Chinese homebuyersCNN Money

Asian Americans are the most prolific spenders in U.S., survey showsLA Times

For sale: houses near where Christmas movies were filmedThe Telegraph

Beach House in the Mountains | House of the DayThe Wall Street Journal

Logging Hours in Wisconsin | House of the DayThe Wall Street Journal

Silicon Beach [Los Angeles] housing prices surge as techies move inLA Times

Mill Valley [California] compound includes outdoor showerSan Francisco Chronicle

Sotheby’s [International Realty] to market Macklowe’s NYC DevelopmentThe Real Deal

Record Prices Set for 6 Artists at Sotheby’s Beijing AuctionNew York Times

Sotheby’s Marks 40 Years in Asia | Scene AsiaThe Wall Street Journal

New and Notable Luxury Properties for Sale | November 2013

From the Mediterranean coast to the sandy beaches of the Caribbean, this month’s collection of exceptional properties for sale highlight some of the world’s finest waterfront locales.

luxury real estate monaco

Price Upon Request | Monte Carlo, Monaco| C.I.C. Immobilier Monte-Carlo Sotheby’s International Realty

Monaco—Unique and exceptional this superb duplex penthouse encompasses spectacular panoramic sea views. Located in the most exclusive and prestigious residences, the apartment is only steps from the beaches.

almalfi coast italy villas for sale

50.000.000 € EUR | Positano, Italy | Tuscany Sotheby’s International Realty

Italy—Located on Italy’s Amalfi Coast, this world-renowned luxury villa is uniquely situated as the largest single private resort with beach access along the entire coast. With breathtaking ocean views, the villa has direct access to crystal blue waters and sandy beaches. The epitome of luxury living in Italy, the villa has its own organic garden, which includes a variety of tomatoes, peppers, eggplant, zucchini, parsley, basil, and many other ingredients that are used by the house chef to prepare incredible, fresh home made dishes.

newport ri waterfront homes for sale

$45,000,000 USD | Newport, Rhode Island | Gustav White Sotheby’s International Realty

Rhode Island—This incomparable 45-acre oceanfront estate anchors the southern point of Newport’s celebrated Ocean Drive. Breathtaking vistas span from the greens at Newport Country Club, across acres of rolling lawns to the spectacular southern ocean views. Amenities include an infinity-edge pool, private water frontage, and a mooring on Price’s Neck Cove. The handsome indigenous-stone residence with open airy living provides the ultimate in quality and comfort.

franch riviera waterfront villas for sale

27.000.000 € EUR | Cap d’Ail, France | Côte d’Azur Sotheby’s International Realty

France—Built on 3 levels, this contemporary waterfront villa offers vast rooms with majestic sea views. With superb terraces and direct access to the sea by way of a private underground gallery, this spectacular villa embraces southern France’s extraordinary lifestyle.

grand cayman mansions for sale

$35,000,000 USD | Grand Cayman Island | Cayman Islands Sotheby’s International Realty

Cayman Islands—Without doubt Castillo Caribe is one of the finest beachfront estate homes in the world offering every luxury for modern day life with all the lifestyle options one would expect from the Cayman Islands. Enjoy year round sunshine and a luxurious Caribbean lifestyle all on a private pristine white sandy beach overlooking the crystal clear waters of the Caribbean Sea.

Newly Listed Luxury Properties for Sale >

New and Notable Luxury Homes for Sale | October 2013

From a sleek apartment in the heart of New York City to a medieval castle set on a vineyard in Tuscany, this month’s collection of new and notable luxury properties for sale showcase the diverse lifestyles of those who value the unique.

luxury modern kitchen manhattan

$50,000,000 USD | New York, New York | Sotheby’s International Realty – East Side Manhattan Brokerage

Manhattan — Located in the famed Time Warner building this one of a kind home is situated on Central Park with jet liner views of the city and Hudson River. A grand entertaining eat-in kitchen also has Park and city views.

vineyard for sale in Chianti Italy

Price Upon Request | Chianti, Italy | Tuscany Sotheby’s International Realty

Italy — Magnificent property in the heart of Chianti in a lovely private location perched atop a hill. The property, which is partly covered with vineyards, produces roughly 70,000 bottles of wine labeled “Castello di Tornano” and includes a charming medieval castle, 11 suites, 8 apartments, a private chapel and swimming pool.

luxury real estate Israel

$32,500,000 USD | Herzliya Pituach, Israel | Israel Sotheby’s International Realty

Israel — Located on one of Israel’s most prestigious street, this Ilan Pivco designed architectural estate is situated on a meticulously manicured and artfully landscaped dunam. This state of the art house is unmatched in its artisan details and luxurious finishes.

luxury homes for sale palm beach florida

$32,000,000 USD | Palm Beach, Florida | Sotheby’s International Realty – Palm Beach Brokerage

Palm Beach — This impressive home boasts six principal bedrooms, nine bathrooms, two powder rooms and a privately gated beach house. The Main House includes a tennis court with balustrade gallery and a chic oval swimming pool. Inside, the exquisite millwork was imported from France and installed on site.

luxury country homes for sale france

22.000.000 € EUR | Neuilly, Ile-De-France | Paris Ouest Sotheby’s International Realty

France — This rare and sublime private mansion features a huge reception room, family kitchen with a pantry, swimming pool and fitness room.

Newly Listed Luxury Homes for Sale >

Significant Sales July 2013

The July 2013 issue of Significant Sales showcases top sales from around the world, beginning with a $25 million property in New York- one of the last large tracts of land left south of the highway in Bridgehampton. Also featured is a French country castle in Canada that sold for $9.8 million and a $9.6 million residence in Hong Kong.

Land for sale the hamptons new york

Sotheby’s International Realty – Bridgehampton Brokerage | $25,000,000 USD | New York, USA

The Hamptons− This property is one of the last large tracts of land left south of the highway in Bridgehampton. The 20-acre parcel is a flag lot and offers privacy and expansive views in one of the most sought after locations.

east side townhomes for sale

Sotheby’s International Realty – East Side Manhattan Brokerage | $23,000,000 USD | New York, USA

Manhattan− This high floor 18-into-14 room simplex is located in a coveted white-glove JER Carpenter-designed prewar cooperative. Encompassing the entire eighth floor and accessed via private elevator landing, this apartment is flooded with sunlight throughout from four exposures. A gallery with wood burning fireplaces leads to a suite of entertaining rooms that span Park Avenue and include a beautiful reception room, a corner living room, dining room and a south facing library. The private quarters include a spacious corner master bedroom and four additional bedrooms with ensuite baths.

california ranches for sale

Sotheby’s International Realty – Montecito Coast – Village Road Brokerage | $22,000,000 USD | California, USA

California− This classic California cattle ranch is on approximately 3,250 acres. There is a pool, bath house, expansive outdoor patios, tennis court, children’s play area, nostalgic barns, equestrian facilities, large arena with viewing stand, guest house or employee dwelling and office, as well as a beautiful manager’s residence. The ranch water is provided by multiple wells.

View all Significant Sales in July 2013 >

Significant Sales June 2013

The June 2013 issue of Significant Sales showcases top sales from across our network including a California waterfront retreat, elegant Manhattan apartment and custom waterfront estate on Long Island‘s Llyod Harbor.  In addition, international sales include a seaside villa in Mallorca and a top sale in Latvia.

California Real Estate

$22,250,000 | California, USA | HOM Sotheby’s International Realty

California- This recently completed Pacific Island-style abode presents a sublime oceanfront oasis and introduces an exotic fusion of natural textures and finishes to a contemporary design. The two-story foyer, with custom Italian light fixture, unfolds to the main living areas and ocean view office.

East Side Manhattan Real Estate

$20,350,000 | New York, USA | Sotheby’s International Realty-East Side Manhattan Brokerage

New York- With grand-scaled rooms, fine architectural details and finishes, this 12-room home was restored by Albert Hadley. A private elevator landing leads to the 29-foot gallery, 32-foot paneled corner living room, formal dining room, elegant library and powder room.

Long Island Real Estate

$17,500,000 | New York, USA | Daniel Gale Sotheby’s International Realty

New York- Lloyd Haven is one of the most exceptional properties of Long Island’s North Shore.  The magnificent 15,000 square foot, custom-built estate home is on 5.58 acres of waterfront on Lloyd Harbor with exquisitely planted gardens and a 365 foot pier with deep water dock.

View all Significant Sales in June 2013 >

New & Notable Luxury Properties for Sale | July 2013

From a metropolitan  penthouse in the heart of Manhattan to the European countryside, this month’s collection of exceptional properties for sale highlight a variety of properties that offer the ultimate in privacy and solitude.

New York City Penthouse

$75,000,000 USD | New York, New York | Sotheby’s International Realty- East Side Manhattan Brokerage

Manhattan — Design by Tony Ingrao, this magnificent apartment has been completely renovated and redesigned. The New York City Penthouse occupies the entire floor with a private entry foyer.This penthouse features extra high ceilings throughout, elegant and dramatic entertaining space and warm and inviting private sanctuaries.

Switzerland real estate

Price Upon Request | Gingins, Switzerland | de Rham Sotheby’s International Realty

Switzerland — At the heart of the Côte, in the charming village of Gingins, this unique chateau is surrounded by 68,700 m² of grounds, offering the property incomparable privacy. This magnificent mansion dates from the 15th century and has recently been restored by the current owner.

Turks And Caicos Islands private island

$45,000,000 USD | Dellis Cay, Turks And Caicos Islands | Turks And Caicos Sotheby’s International Realty

Turks & Caicos — A combination of tide and currents make this uninhabited 560 acre private island a splendor of nature. One of the most desirable private islands in the Turks and Caicos, Dellis Cay—named for the family that inhabited the island in the 1950′s—is a few miles from the main island of Providenciales and accessible by a 20-minute boat ride.

Dominican Republic Real Estate

$27,600,000 USD | Cabarete, Dominican Republic | Cabarete Dominican Republic Sotheby’s International Realty

Dominican Republic — La Goleta is a prime undeveloped parcel of land approximately 3 kilometers west of Cabarete on the north coast of the Dominican Republic. This parcel of land has been held in a family estate for nearly 100 years and is unspoiled farmland lying between the ocean to the south and the main federal highway to the north. The property is unique for the area because of the large acreage between the main road and the ocean, encompassing sufficient space for a modern, creative planned unit development.

Washington DC real estate

$26,000,000 USD | Washington, District Of Columbia | TTR Sotheby’s International Realty

Washington, D.C. — An architectural and historical landmark prominently sited on Dupont Circle in the heart of the capitol city, this Italianate mansion was designed in 1901 by Stanford White. In 1927, President and Mrs. Coolidge temporarily resided in the mansion as The White House underwent renovations. During that time, President Coolidge hosted Charles Lindbergh at the residence after his solo transatlantic flight.

Newly Listed Luxury Properties for Sale >

Church Conversions | Living in a Religious Landmark

For those that value the unique, living in a historic landmark converted to a well-appointed home is truly a special experience. Luxury church-to-home conversions are popping up across the United States. “As dozens of churches close or move to different quarters each year, they’re finding second lives as condo developments and townhouses,” according to The Wall Street Journal.

Here are several fine examples of church-to-home conversions currently on the market for sale and one historic church in New York City primed for a possible conversion.

The Sanctuary Seattle Luxury Condos for sale

$1,395,000 USD | Seattle, Washington | Realogics Sotheby’s International Realty

Seattle, Washington − The Sanctuary is a masterfully crafted residence within one of Seattle’s most admired landmarks—The First Church of Christ, Scientist. With its nostalgic design, the 12-unit church-turned-townhome development’s historic features are thoughtfully integrated among modern, concrete and steel construction. This home offers a spacious kitchen with stainless steel appliances and a generous deck with Seattle skyline views.

toronto historic properties for sale church conversion

Sotheby’s International Realty Canada | Toronto, Canada | $2,250,000 CAD, $2,180,444 USD

Toronto, Canada − This unconventional luxury townhouse in Toronto encompasses the entire south facing façade of this early 1900’s former church. Sunlight streams through the Gothic shaped windows. Sheer drama is captured in the upper level great room, with its cathedral ceiling, exposed wooden rafters and hidden away in the bell tower, is the home office.

montreal luxury homes for sale

$1,685,000 CAD, $1,705,984 USD | Montreal, Canada | Sotheby’s International Realty Quebec

Montréal, Canada — Located in the attractive Nouveau Plateau neighborhood, this former church has been entirely renovated with a mixture of contemporary and antique finishes. Converted from a church by the name of Adventise Beer-Sheba/Rosemont in 2005, the unique condominium boasts an impressive layout and space with receptions of over 50 guests were given and 11 foot kitchen island.

new mexico homes for sale

$699,000 USD | Madrid, New Mexico | Sotheby’s International Realty – Santa Fe – Main Downtown Brokerage

New Mexico − Located just 25 minutes from Santa Fe on the historic Turquois Trail, the 110-year-old deconsecrated St. Anne’s church has been converted into a functional residence while still maintaining its inspiring spaces. As one of the most unique properties in Northern New Mexico, it has a a main house with a choir loft turned office and sanctuary turned media or meditation room. The master bedroom is surrounded on two sides by a large gracious covered portal. There is also a charming one bedroom guesthouse with a full bath and a divine workshop/studio perfect for an artist.

forest hills church for sale

$4,350,000 USD | Forest Hills Gardens, New York | Terrace Sotheby’s International Realty

Forest Hills, New York − Designed by architect, Bernhardt E. Muller and completed in 1933, The First Church of Christ, Scientist is a notable field-stone community landmark located in Forest Hills Gardens, Queens−a diverse cosmopolitan community within the 5 boroughs of New York City. This Moorish Revival style building is dotted with eye-catching architectural embellishments both on its exterior façade and within making it one of a number of architecturally significant buildings in the area. This unique property is has many future uses including continued use as a place of worship, potential conversion to a gallery, showroom or working art space, use as an appropriate museum, university or college affiliated facility or possible conversion into a unique private home or multi-unit residence.

Source: The Wall Street Journal, Religious Conversions