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 >

Top 10 Significant Sales of 2014

From tranquil island escapes and elegant metropolitan penthouses, to panoramic coastal vistas and everything in between, many remarkable properties changed hands through our network during last year. Explore the Top 10 Significant Sales of 2014 below. 

#10 – Turks and Caicos Islands

TCI 23M (3)Turks & Caicos Sotheby’s International Realty | $23,000,000 USD | Turks and Caicos Islands

This spectacular 169-acre development parcel has more than 2,793 feet of frontage and an ideal mix of beach and iron shore. It graces a pristine and tranquil shoreline and neighbors one of the region’s most breath-taking and noteworthy properties, Amanyara.

#9 – California

Ewing 24m (2)Ewing & Associates Sotheby’s International Realty | Price Undisclosed | California, USA

In 1927, on Chalon Road in the hills of Bel-Air, the owners of a dramatic 1.5 acre parcel with awe- inspiring vistas hired an emerging architect, Gordon B. Kaufmann, to develop a unique vision for their property. The result is a truly iconic home that today is considered by experts to be a significant part of the architectural history of Los Angeles. Lovingly renovated and meticulously maintained, this extremely rare offering has been expanded and updated to accommodate 21st century living while graciously preserving the integrity and resplendence of the origi- nal design. Abundant detailing and amenities are found throughout the home’s three-level, 11,505 square foot floor plan. The generous use of rich varietal woods, ornately carved stone and light fixtures fashioned from sterling silver, onyx and fine crystal are superb representations of the era’s artisan craftsmanship.

#8 – New York

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

Perched on the 30th and 31st floors of a white-glove limestone condo- minium, this impressive duplex boasts phenomenal 360-city and park views from 52 oversized windows. Spanning 6,286 square feet, the sprawling 12 room apartment has 10 foot ceilings and grandly proportioned rooms. The gracious floor plan is distinguished by a large gallery with a sweeping staircase and features a huge corner Living room with wood- burning fireplace, a library and an elegant Dining room, as well as a cozy study. There is also a state-of-the-art Kitchen, windowed Breakfast room, Staff bath and a conveniently placed Powder room. Upstairs the private quarters include a massive Master suite comprised of three rooms and baths plus a vast walk in closet/dressing room. There are two additional bedrooms and an enormous Media room, also with ensuite bathroom.

#7 – Connecticut

Greenwich 27.5m (1)Sotheby’s International Realty Greenwich Brokerage | $27,500,000 USD | Connecticut, USA

An hour’s drive from New York City, beautiful Conyers Farms is where Academy Award-winning pro- ducer and director Ron Howard and his wife chose to raise their family. Their private country es- tate, consisting of approximately 32 acres of unparalleled privacy showcases a splendid shingle style main house with more than eighteen thousand square feet, a charming Craftsman style two-bedroom guest house, an indoor sports complex, observatory silo with Meade telescope, barns, paddocks, ivy- draped stone head house, greenhouse plus formal rose, boxwood and organic gardens.

#6 – Texas

Kuper sale price undiscKuper Sotheby’s International Realty | Price Undisclosed | Texas, USA

Located in the Texas Hill Country, with 4.5 miles of both sides of the beautiful Sabinal River, the property is shaded by huge century-plus old cypress trees and Little Creek. It was offered for the first time in more than 80 years. Picturesque improvements include a 1930s main home and guesthouse, staff cabin, vintage farm house, barn, equipment sheds and cattle pens.

#5 – Sydney

Sydney 28.050m(usd) (2)Sydney Sotheby’s International Realty | $28,000,000 USD | Australia

One of Australia’s most outstanding homes, this property is situated in Point Piper’s best posi- tion, north facing with uninterrupted views of the iconic Sydney Opera House and Harbour Bridge. The home has an exceptional and seldom offered street to water position with absolute deep water frontage and boat house on title with full slipway and deep water jetty. Designed by renowned Gergely & Pinter Architects, the home is ideal for entertaining on a grand scale, overlooking the sparkling waters of Sydney Harbour. The views encapsulate 180 degrees from the Opera House, Harbour Bridge and right through to Manly. The substantial accommodation and facilities include six bedroom suites and eight-and-a-half bathrooms, as well as separate self-contained apartment with private entrance. 

#4 – New York

19 Robertson Drive, Sag Harbor, NYSotheby’s International Realty Southhampton Brokerage | $31,750,000 USD | New York, USA

 Brilliantly conceived and built, this circa 2005 Lutyens-inspired stone and stucco mansion is perfectly positioned on six acres of waterfront property with a deep water dock. The 10,000 square foot house has well-proportioned rooms including a formal living room and gathering room, both with stone fireplaces, and circular alcove. Ideal for entertaining or relaxing on any scale, the house is complete with a paneled billiards room with fireplace, a fully-appointed media room, read- ing room, gym, a chef ’s dream kitchen and formal dining room. There also are seven fireplaces, an elevator, six bedrooms and eight bathrooms. Facing west with breathtaking sunsets, the exte- riors are as impressive as the house. An extensive covered terrace, with year-round stone hot tub, overlooks the heated Gunite swimming pool and 350 feet of beachfront. There are also tennis and basketball courts and a separate four-car garage.

#3 – The Bahamas

 testing123Lyford Cay Sotheby’s International Realty | $42,000,000 USD | Bahamas

This property offers its owners their own private beach in a secure community. Meticulously maintained, the spacious 30,000 square foot family home is situated on two acres with 590 feet of canal frontage overlooking the Lyford Cay Marina. Included in the sale is a 1.4 acre beachfront lot across the street. Amenities include a tennis court, pool, Jacuzzi, 200 feet of dock and all of the necessary improvements for easy tropical living.

#2 – New York

 East Side Manhattan 56m (1)Sotheby’s International Realty East Side Manhattan Brokerage | $56,000,000 USD | New York, USA

This property features the exceptional personal service of Park Hyatt’s new five-star flagship hotel. Located across from Central Park and Columbus Circle, One57 is surrounded by the city’s best restau- rants, shopping, entertainment and the cultural offerings of Lincoln Center, Carnegie Hall and Broadway.

#1 – Hong Kong

 HK SIR - 58mHong Kong Sotheby’s International Realty | $58,000,000 USD | Hong Kong

 This luxuriously presented townhouse is located in a prestigious area surrounded by rolling hills and overlooks the city, offering a well-appointed contemporary interior and amazing outdoor space on the rooftop terrace. There also is a huge private garden that comes with a swimming pool. This spacious, light-filled home features high ceilings to accentuate the elegant overall design. The house is also refurbished in white marble walls and flooring throughout, with every level in the home constructed with a separated open staircase and a private elevator with access to every level. There is a dome design window ceiling, which completes the overall luxurious design.

> View All Sotheby’s International Realty Significant Sales

Luxury Real Estate Headlines: Second Week in March 2015

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

2015_03_13_NYC$14,500,000 USD | New York, New York | Sotheby’s International Realty- East Side Manhattan Brokerage

Good security, transparent legal systems and access to high-quality educational institutions are among the primary factors driving ultra-high-net-worth individuals’ real-estate decisions,” says Sotheby’s International Realty CEO Philip White.

The Top 10 Cities for Ultra-High Net-Worth Home BuyersThe Wall Street Journal

House of the Day: A California Ranch Asks $17.75 Million; Show Goats IncludedThe Wall Street Journal

On the Market: A sleek, light-filled penthouse with an open layout in Dallas, TexasArchitectural Digest

House of the Day: A Highlands Retreat in the PhilippinesThe Wall Street Journal

House of the Day: An Artist’s Haven on the WaterThe Wall Street Journal

House of the Day: A Textile Industrialist’s Family Passes on Their Turn of the Century HomeArchitectural Digest

Peter Koral of 7 For All Mankind Lists in Malibu for $25 millionThe Wall Street Journal

Realogy Named As A 2015 World’s Most Ethical Company By Ethisphere Institute For Fourth Year In A Row—Realogy Holdings Corp.

Sotheby’s Celebrates Spring 2015 Asia Week NYSotheby’s 

Sotheby’s Celebrates Spring 2015 Asia Week NY

This week Sotheby’s celebrates Asia Week 2015 in New York by showcasing the cultures and art of Asia. With over a week of exhibitions, lectures, and events, the citywide program will also include various pieces up for auction. From Sakamoto Gorō and Classical Chinese Paintings, to early Ceramics from the Yang De Tang Collection and much more, the celebration is an extraordinary opportunity for collectors and enthusiasts alike. asiaweek_spring2015_banner_4.jpg.webrend.1920.350 Highlights Include:

003N09336_7YS3BA Rare Blue and White ‘Peony’ Jar, Guan | Yuan Dynasty | Estimate 1,000,000 – 1,500,00 USD

193N09319_7YSNYAn Important Thangka of the Vajradhatu Mandala | Tibet, 11th Century | Estimate 800,000 – 1,200,000 USD

N09317-295_webA Set of Four Famille-Rose ‘Eight Immortals’ Panels by Wang Qi (1884-1937) | Estimated 500,000 – 700,000 USD

 

Significant Sales Volume 12 2014

The latest issue of Significant Sales features top sales from around the world beginning with the tranquility of Turks & Caicos. Also featured is a metropolitan penthouse with panoramic views in New York City, a private island escape in the Bahamas and more than twenty other properties from around the globe.

TCI 23M (3)$23,000,000 USD | Turks and Caicos Islands | Turks & Caicos Sotheby’s International Realty

Turks & Caicos - This spectacular 169-acre development parcel has more than 2,793 feet of frontage and an ideal mix of beach and iron shore. It graces a pristine and tranquil shoreline and neighbors one of the region’s most breath-taking and noteworthy properties, Amanyara.

East Side 20.25m (1)$20,250,000 USD | New York, USA | Sotheby’s International Realty -East Side Manhattan Brokerage

New York City - The penthouse at 975 Park Avenue is a triple mint home with a sprawling floorplan and a huge wrap around terrace with iconic New York views from every vantage point. The sophisticated renovation seamlessly blends classic prewar details with the most modern technology, creating a home perfect for both quiet living and grand scale entertaining.

EastHampton 18.9m (1)$18,900,000 USD | New York, USA | Sotheby’s International Realty-East Hampton Brokerage

New York - This rare and important 2.8-acre property is on the south side of renowned Lily Pond Lane. Generous building envelope offers the potential for a 12,500 square foot residence, pool and tennis, along with pre-existing two-bedroom and two-bath guest house, two-bath pool cabana and garage.

Exuma 17m (2)$17,000,000 USD | Bahamas | Damianos Sotheby’s International Realty & Russ Lyon Sotheby’s International Realty

The Bahamas - Innocence Island, located in the fabulous Exuma Cays of The Bahamas, is an unspoiled tropical private island paradise encompassing 681 acres, a manor house, miles of pristine white sandy beaches and its own 2,700-foot runway. The Exuma Cays are a group of 365 remote but accessible islets that bask in the perpetual sunshine of the central Bahamas. This part of the world is known to a select few of sophisticated yachtsmen, world business leaders and celebrities for its great natural beauty, privacy and exclusivity.

Significant Sales Volume 12 >

New and Notable Luxury Properties for Sale | February 2015

From one of the largest and most historic ranches in the United States to a mansion in Paris, this month’s collection of exceptional properties for sale showcases exquisite lifestyles from around the globe.

Paris33.000.000 € EUR | Paris, France | Paris Ouest Sotheby’s International Realty

Located in Paris, this recently renovated mansion has incredible outdoor space with several terraces including a hot tub and a garden. The home features an incomparable reception area, an extraordinary library, and six ensuite bedrooms. To add to the list of amenities, the home also has a home cinema, fitness room and swimming pool.

2015_02_27_Vernon_Texas$725,000,000 USD | Vernon, Texas | Briggs Freeman Sotheby’s International Realty

The WT Waggoner Ranch is one of the largest and most famous ranches in the United States and was established in 1849. Never before offered for sale in 165 years of ownership, the sprawling Ranch estate includes more than 510,000-contingues acres spread over six North Texas counties, incorporating two main compounds, many homes and significant infrastructure, including a 10,000 square foot Ranch office headquarters in nearby Vernon Texas. There are approximately 20 cowboy camps ranging from 10,000 to 40,000 acres each. The ranch is offered as a turnkey proposition with hundreds of quarter-horses, many thousands of head of cattle, with approximately 1,200 existing oil wells, as well as mineral rights and 30,000 acres of cultivated farmland. There are also a number of large lakes encompassing thousands of acres, waterways and creeks with approximately 400,000 acres of land remaining undeveloped for oil.

Hong Kong$238,000,000 HKD | Repulse Bay, Hong Kong | Hong Kong Sotheby’s International Realty

This beachside home in Hong Kong features breathtaking views of Repulse Bay Beach and the coastline. Floor-to-ceiling windows spanning across the living room and the balcony bring in plenty of natural light. All four bedrooms in the home feature an ensuite bathroom and many of the rooms in the house feature unparalleled water views. A big sky-lighted courtyard is attached to a recently renovated modern kitchen.

NYC$29,500,000 USD | New York, New York | Sotheby’s International Realty- East Side Manhattan Brokerage

Ideally situated just off Fifth Avenue in New York City, the Carhart Mansion is noteworthy for its grand and elegant limestone façade. Perched high atop this magnificent mansion sits the spectacular Penthouse duplex which encompasses 7,140 square feet of interior space and 5,290 square feet of exterior space. This glamorous residence seamlessly incorporates a contemporary sensibility and style within a traditional architectural vernacular. This sun filled home has its own direct elevator access, a gracious gallery space and wonderfully appointed entertaining rooms. Designed by Horace Trumbauer in 1913, this 87’ wide mansion was designated a NYC landmark in 1974 and converted into four grand scale condominium units in 2005.

View Newly Listed Luxury Properties for Sale >

Belle of the Ballroom | Back en Vogue

The latest edition of Art & Home is here! This month we’re showcasing exquisite ballrooms found in some our most sought after, exclusive international properties. From Tuscany and the Czech Republic to Houston and New York, ballrooms are back in vogue.

art-and-homeArt & Home – March 2015

Among the labyrinth of rooms that make up grand old estates, none is more evocative than the ballroom. You can practically hear the orchestra, feel the rhythm and see the dancers in flickers of gloriously bygone images.

Italy25.000.000 € EUR | Lucca, Italy | Tuscany Sotheby’s International Realty

These Downton Abbey-worthy dance halls are legacies of a time when formal entertaining at home was common and square footage was considerable. Ballrooms demanded generous, obstruction-free dimensions with high ceilings for optimal acoustics.

NewYork$12,000,000 USD | Lloyd Harbor, NY | Daniel Gale Sotheby’s International Realty

Grand and gilded ballrooms have largely gone the way of drawing rooms, fainting rooms, cloakrooms. Chambers given over to the sole pleasures of music and dance are extravagances are now near exclusive to hotels and private clubs. Modern life is lived less formally and more intimately with a lot more entertainment options than gliding across the hardwoods in three-quarter time.

KlecanyPrice Upon Request  | Central Bohemia, Czech Republic | Czech Republic Sotheby’s International Realty

Some residential ballrooms have been repurposed for more practical activities like playrooms, gymnasiums or home theaters. Others have been partitioned into cozier spaces. And yet in some homes, ballrooms are enjoying an afterlife.

Texas$43,000,000 USD| Houston, Texas | Martha Turner Sotheby’s International Realty

Martha Turner, founder and co-presidentof Martha Turner Sotheby’s International Realty in Houston, Texas, can tick off a number of estates with private ballrooms still used in ways that honor their original intention. The very first home she sold was an early 20th century residence in the prestigious Courtlandt Place Historic District with a third-floor ballroom that remains in tact. Examples span the decades. A modern Versailles-inspired chateau on the market for $43 million–Houston’s priciest ever–features a breathtaking ballroom among its many public spaces. The current homeowners use it for large-scale entertaining, concert performances and charity galas. And then there’s a pair of would-be Fred and Gingers so passionate about dancing that when they couldn’t find an existing residence for sale with a ballroom, they decided to construct a new one.

Connecticut$5,200,000 USD | Greenwich, Connecticut | Sotheby’s International Realty – Greenwich Brokerage

If you build it, they will rumba.

Article provided by Iyna Caruso exclusively for Art & Home.

View a digital version of this issue here >

Discover much more in the Art & Home digital edition now on iPad and Android!
iPad - https://itunes.apple.com/us/app/art-home/id962145331
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Historic Italian Renaissance Style Estate in Bronxville, New York | Video House Tour

$8,900,000 USD | Bronxville, New York | Julia B. Fee Sotheby’s International Realty

This historic Italian Renaissance style estate, built in 1911, represents an era of great style and opulence. Throughout the decades it has been beautifully maintained and graciously updated to preserve all of its architectural grandeur. With commanding views, beautiful stonework, and lush gardens, this remarkable property evokes the splendor of a European villa.

Significant Sales Volume 11 2014

The latest issue of Significant Sales features top sales from around the world beginning with an exquisite $450 million (HKD) property in Hong Kong. Also featured is a private ocean view home in California, a state-of-the-art escape in Colorado and more than twenty other properties from around the globe.

HK SIR - 58m$450,000,000 (HKD) | Hong Kong | Hong Kong Sotheby’s International Realty

Hong Kong - This luxuriously presented, free-standing detached house is located in a prestigious area surrounded by rolling hills and overlooking the city. The home has a well-appointed contemporary interior and amazing outdoor space on the rooftop terrace. It also has a huge private garden with attached swimming pool. This spacious, light-filled home features high ceilings to accentuate the elegant overall design. The house is also refurbished in white marble walls and flooring throughout, with every level in the home constructed with a separate open staircase and a private elevator with access to every level. There is a dome-shaped skylight window ceiling which completes the overall luxurious design.

Pacific SIR - 15.995m (2)$15,995,000 (USD) | California, USA | Pacific Sotheby’s International Realty

California - From the Sandy Shores of Del Mar, California, this family compound sits behind private gates in a small beach enclave known as Sandy Lane. It offers a unique opportunity to refresh or rebuild an original Russell Forester built in 1950 and yet still relevant for today’s beach front living. Rarely seen at the ocean front, this home features a large beach side patio, three bedroom main residence, pool, cabana/guest house, private green courtyards and ample guest parking all from just a few steps to the sand.

Aspen Snowmass SIR - 15.8m (2)$15,800,000 (USD) | Colorado, USA | Aspen Snowmass Sotheby’s International Realty

Colorado - Enlisting the talents of architects Ike Kligerman Barkley, the design team of the Muse Building left no detail to chance. Adorned with exquisite finishes and furnishings, the practical and inviting floor plan flows from opulent living spaces to an inviting roof top deck and back again, all while solely focused on enhancing the sublime living experience through meticulous attention to detail. The Muse Penthouse features 5,053 livable heated square feet with four bedrooms and four-and-a-half baths, as well as 4,451 square feet of decks and patios. There is a rooftop deck with heated pool and unobstructed views of Aspen Mountain, private patio and deck on the main level capturing the sights and sounds of downtown. The latest Savant technology controls security, climate, window coverings, lights, audio and video. There is 5,235 square feet of commercial space on the second level.

ONE 15.25M (2)$15,250,000 (USD) | Florida, USA | One Sotheby’s International Realty

Florida - This private compound is ideal for the end user, investor or developer planning to build a new, large luxury waterfront estate on prestigious upper North Bay Road in Miami Beach. This one- of-a-kind opportunity offers 37,895 square feet, 191 linear feet of water frontage, with incredible unobstructed panoramic views of the Downtown Miami skyline amidst breathtaking sunsets.

Significant Sales Volume 11 >

Luxury Real Estate Headlines: First Week in February 2015

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

2015_02_06_NYC$10,500,000 USD | New York, New York | Sotheby’s International Realty- Downtown Manhattan Brokerage

New York, with its booming construction of luxury high-rises, is the city with the highest number of homes owned by the ultra-rich.” 

Multiple Homes Worth Millions: How the Mega-Rich LiveThe Wall Street Journal 

House hunting: 6 striking homes for minimalistsThe Week

The Global Luxury Residential Real Estate Report 2015Sotheby’s International Realty and Wealth-X

On the Market: A historical homestead in wine countryArchitectural Digest

On the Market: A handsome Georgian manse outside AtlantaArchitectural Digest

House of the Day: Home of the Day: Lodge-like retreat in Hollywood Hills WestThe Los Angeles Times

House Hunting in … St. BartsThe New York Times

Where The Super Rich Are Buying HomesCNN Money

Houses with two master suites are in demandNewsday

‘Best in Category’ for Eighth Consecutive Year in Franchise Business Review’s Franchisee Satisfaction AwardsSotheby’s International Realty Affiliates LLC

How to break into luxury real estateInman News