Luxury Real Estate Headlines: Third Week in September 2014

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

2014_9_19_Cape Town_SAR 49 000 000 | Cape Town, South Africa | Lew Geffen Sotheby’s International Realty

Africans purchase for exactly the same reason as Europeans, because Cape Town is an exceptionally beautiful city with world-class food and services,” said Lew Geffen, chairman of Lew Geffen Sotheby’s International Realty

Decline in the Rand Helps Push Cape Town SalesThe New York Times

House of the Day: A Hong Kong RetreatThe Wall Street Journal

House of the Day: An English Manor in DallasThe Wall Street Journal

Florida Property Once Owned by Ivan Lendl Will List for $21.5 MillionThe Wall Street Journal

On the Market: Rhineland-Palatinate, GermanyArchitectural Digest

Smooth Jazz Meets Stormy DesignThe Wall Street Journal

House Hunting in … the Dominican RepublicThe New York Times

Home of the Day: Midcentury rambler in AltadenaThe Los Angeles Times

Unusual Sowden Residence in Los Feliz asking $4.875 millionThe Los Angeles Times

FHA Fees Are Holding Back First-Time HomebuyersAmerican Banker

Georgia O’Keeffe Museum to Auction 3 PaintingsThe New York Times

Born in a MinuteSotheby’s

The Gathering Place | Luxury Living Rooms

Traditionally, living rooms are meant for relaxing and socializing—a place where friends and family come together. The living room also presents the perfect opportunity to make a statement and set the tone for your entire decorating style. Whether the style is rustic elegance or minimalist, modern or traditional, you can gather inspiration from five extraordinary homes below to create a room where you can entertain family and friends.

Living Room NJ

$8,500,000 USD | Far Hills, New Jersey | Kienlen Lattmann Sotheby’s International Realty

Only one hour from Manhattan, this Far Hills, New Jersey, home is at the center of a 26-acre retreat that combines rustic elements offering luxurious living. Overlooking Ravine Lake, Pickle Brook Farm features stone and reclaimed wood construction and is surrounded by landscaped gardens and forest. The living areas are finished with rustic beams, carved mantelpieces and extensive millwork. In addition to five bedrooms and seven baths, there is a media room, game room, several outbuildings and a five-car garage.

Living Room Australia

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

Perched in park-like gardens high above Sydney Harbour, the Babworth House is one of Australia’s grand mansions from early 1900s. Residence 2, a three-bedroom, three-level residence features formal and informal living rooms, master “retreat” with San Sebastian stone bathroom, dining rooms, office and wine cellar.  Architect Michael Sutter retained the original oak-paneled walls and stained-glass windows while adding a cocktail bar and gourmet kitchen with Miele appliances. The home opens onto private marble verandas and wraparound terraces overlooking the harbor.

Living Room South AfricaPrice Upon Request | Plettenberg Bay, South Africa | Lew Geffen Sotheby’s International Realty

Open-plan living areas enclosed by glass provide ever-changing views of the Indian Ocean and the Tsitsikamma Mountains from this contemporary, eco-designed, Plettenberg Bay home on Robberg Beach. Paul Oosthuizen designed the five-bedroom, four-bath home to become an integral part of the landscape, melding into the fynbos and milkwood trees. Opening the home’s glass doors creates an extensive indoor-outdoor area with uninterrupted flow. The kitchen is an entertainer’s delight. Highlights include radiant floor heating, heated pool and rainwater collection.

Living Room Milan

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

Designed by architect Piero Pinto in a former 17th-century convent in Milan, this 6,452-square-foot, four-bedroom apartment features a faded, terracotta-hued fresco on a bedroom’s domed ceiling. Everything else, however, is ultramodern in design. An elevator connects three floors that include a separate staff area. Architectural details include glass stair rails and a spa-style master bath. Highlights include a double living room with floor-to-ceiling windows overlooking the octagonal-shaped inner courtyard, a feature typical of Milanese apartment buildings.

Living Room Manhattan

$26,000,000 USD | New York, New York | Sotheby’s International Realty- East Side Manhattan Brokerage

Situated in New York’s Upper East Side, this prewar duplex condominium offers eight bedrooms and eight baths. For privacy, the apartment is accessed by a key-lock elevator that opens onto a private landing and a marble entrance gallery. The layout connects living room, media room and library for 1,500 square feet of open entertainment space with views of both skyline and Central Park. The lower floor includes a master suite with his-and-hers baths, a playroom and staff room.

 

Luxury Real Estate Headlines: Third Week in August 2014

2014_8_22_South AfricaR 22 000 000 ZAR | Cape Town, South Africa | Lew Geffen Sotheby’s International Realty

In South Africa overall, the number of foreign buyers has doubled this year from last,”  said Lew Geffen, chairman of Lew Geffen Sotheby’s in South Africa.

Cape Town Draws a New Breed of House Hunter —The Wall Street Journal

Home of the Day: A telescoping contemporary in the Encinal BluffsThe Los Angeles Times

A Bit More City on City Island The New York Times

Meryl Streep sells house in Hollywood Hills West to Alex Rodriguez —The Los Angeles Times

House hunting: 7 homes in wine countryThe Week

Potrero Hill home boasts green design, 4 terracesSF Gate

Famous as the QueenSotheby’s

The Lure of Antiquities —The New York Times

What’s an 18-Karat Solid-Gold Clutch Worth? We’ll Soon Find Out— Style.com

Eco-friendly Homes in Honor of Earth Day

Today is Earth Day, the annual event where the world comes together to advocate for environmental protection. In honor of this day, we’re showcasing 5 green luxury homes that were built with the consideration of the environment in mind.

Luxury Eco-Estate | South AfricaR 8 950 000 ZAR | Somerset West, South Africa | Lew Geffen Sotheby’s International Realty

Rigorous planning, convivial collaboration and creative freedom from architect Vernon Head, achieved a class act architecture design. With uninterrupted views over False Bay, this eco-friendly home was designed for both function and drama. Emphasis was placed on careful design, sensitive landscaping, energy efficiency in construction and general conservation of the indigenous vegetation. Breathtaking panoramic views are framed through walls of glass and the indigenous habitat can be enjoyed from all angles of this glamorous yet serene home.

Luxury Green Houses | The Hamptons, New York$6,400,000 USD | East Hampton, New York | Sotheby’s International Realty-East Hampton Brokerage

This stunning modern home was designed with an enlightened approach to modern sustainable waterfront living and minimalist design. Custom designed by Bates Mas + Architects, the home overlooks a private bay with continuous water views from every room. Striking and sculptural, the exterior is uniquely constructed of two simple rectangular volumes integrating slate, wood, and walls of glass. The green design interior offers 5 bedrooms, 4.5 baths, 2 fireplaces, a sleek chef’s kitchen and spacious main rooms that effortlessly blend natural materials with dramatic modern design.

Eco-friendly Luxury Homes for Sale Portugal

980.000 € EUR | Sintra, Portugal | Portugal Sotheby’s International Realty

Located in Várzea de Sintra, this contemporary house is set on a vast plot of land that is  surrounded by a verdant landscape which includes an organic vegetable garden. The interiors of the house were built with superior quality, maximum comfort and environmental care, including use of the geothermal heating and self-sustainable water. Straight lines and large glass windows provide a sense of space and pureness.

Eco-friendly Green Homes for Sale | Quebec, Canada

1 500 000 $ CAD | Hudson, Canada | Sotheby’s International Realty Quebec

A private road leads to this one-of-a-kind eco-friendly modern estate set on 5 acres that backs onto the Falcon golf and bird sanctuary.  The property includes ponds, gardens, fruit trees and waterfalls. Published in many magazines, this rammed earth residence is one of the most sustainable, energy-efficient homes in Canada. Designed by award-winning architect Sudhir Suri, this unique energy efficient home blends serenity, world-class luxury and environmental awareness. Geothermal energy, radiant floor heating and solar passive house design confer abundant winter warmth, while breathing rammed earth walls and 17-foot ceilings based on classic golden mean geometry provide ambient summer cooling.

IMG_0053

$1,700,000 USD | Con Dao, Vietnam | Vietnam Sotheby’s International Realty

With the simple design, Six Senses Con Dao villa ensures low environmental impact, including maximizing natural light and ventilation. The only five-star property on the Con Dao island and is being benchmarked by Green Globe 21, the sustainable development, construction and operation label by the World Tourism Organization. Located off the southeast coast of Vietnam, this luxury resort offers spectacular views, protected tropical forests and pristine white beaches. The villa features a private massage pavilions, indoor and outdoor garden bathrooms and come well appointed with custom kitchens with individual wine cellars, built-in sound systems, flat screen TVs. The owners can also enjoy the resort facilities, such as a cooking school, two restaurants, two bars, a library and a state-of-the-art gym.

Luxury Real Estate Headlines: Third Week in July 2013

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

Plettenberg Bay Luxury Homes for Sale

Plettenberg Bay, South Africa | $5,661,484 USD; 56,000,000 ZAR | Lew Geffen Sotheby’s International Realty

South Africa’s Garden Route Blooms AgainThe Wall Street Journal

A steady optimism is starting to emerge among the purchasers of vacation and retirement homes in the area. South Africans are leading the resurgence, but Britons and Germans—long the strongest foreign buying contingents here—are close behind.

A Washington, D.C., Mansion With a Storied Past Asks $26 Million – Wall Street Journal

Cinematic Vistas on Lake Tahoe - WSJ House of the Day

The Ventana Home In Tucson, Arizona Is A Desert MarvelHuffington Post

Beach House Hides Modern Behind Colonial FacadeCurbed.com

7 Best Ranch HousesLifestyle Mirror

Realogy Announces Preliminary Second Quarter 2013 Results -Press Release

Realtor.com® National Housing Trend Report Shows Market Recovery Continuing at Healthy Pace  - Press Release

China’s property sector is booming even as economy slowsCNBC

Foreigners Still Seen Bullish on Canadian Real EstateWSJ Canada Real Time Blog

U.K. House Prices Climb as Rightmove Doubles Forecast: EconomyBloomberg

Living in…VeniceBBC Travel

Sotheby’s announces sale of the collection of legendary NY art dealer Allan StoneArtdaily.org

Jay-Z’s Magna Carta Lyrics: A $493 Million Art CollectionForbes.com

Summer Sizzle: Swimming-Pool Homes Heat Up

As temperatures heat up during the warm-weather months classic summertime amenities such as swimming pools become a premium feature, according to a recent Wall Street Journal article.  “When swimming-pool homes go into contract in the summer, they sell for an average 0.22 percentage points more than the base-line price determined by  researchers. For a $1 million house, summer adds roughly a $4,000 premium,” according to the National Bureau of Economic Research.

Atlanta Fine Homes Sotheby’s International Realty agent, Jim Getzinger says he “sees an uptick in interest in homes with pools in the summer.” Swimming pools are more attractive to real estate buyers during the blazing summer months—it’s about the emotional connection.

Here are some breathtaking pools from around the world you will dream of cooling off in.

La Jolla, California | $16,900,000 USD | Pacific Sotheby’s International Realty

san diego homes for saleThe oceanfront masterpiece, known as Camino de la Costa, overlooks an intimate cove. This beautifully detailed home La Jolla, California includes an infinity pool ideal for relaxation and watching evening sunsets.

Las Vegas, Nevada | $16,500,000 USD | Synergy Sotheby’s International Realty

las vegas mansions for saleThe Primm Compound, located in Las Vegas, Nevada, is a world-class residence with tremendous space for grand entertaining and refined living. The property includes a marvelous pool with majestic waterfalls, water-slide, spa, grotto bar and guest suite built into caves behind the waterfall.

St. Thomas, United States Virgin Islands | $35,000,000 USD | United States Virgin Islands Sotheby’s International Realty

homes for sale with luxury swimming poolsVilla Whydah is perched on the secluded western tip of St. Thomas. The villa has been featured in The Wall Street Journal, The Telegrah and Business Insider for being one of the finest Caribbean residences on the market. This beachfront getaway has a custom tiled pool with underwater scenes and spa.

Cape Town, South Africa | Price Upon Request | Lew Geffen Sotheby’s International Realty

homes with outrageous swimming poolsThe classically glamorous Enigma Mansion offers beauty and seclusion. Located in Cape Town, South Africa, the estate’s unique palatial pool is one of the many luxurious amenities included in this property.

Saxony, Germany | $25,000,000 USD | NRW Immobilien Sotheby’s International Realty

luxury homes for sale germany

This charming estate is nestled in green fields and old woods just outside of the lovely village of Syke, Germany. The tranquil pool area, which was transformed from a former stable, includes a sauna and steam bath.

Paradise Valley, Arizona | $14,995,000 USD | Russ Lyon Sotheby’s International Realty 

scottsdale luxury real estateThis hillside mansion in Paradise Valley, Arizona embodies the Tuscan-style. Complete with surrounding fountains and spa, the infinity pool features views of Camelback Mountain and downtown city lights.

Source: “When Prices of Homes With Pools Take a Dip” via WSJ

Cape Town, South Africa Real Estate | Market Spotlight

cape town south real estate

Cape Town, South Africa | Price Upon Request | Property ID 4000035630

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“Cape Town, like many urban centres in South Africa, is beginning to recover. Interest rates in South Africa are temptingly low and there is significant pent up demand in Cape Town as a result of limited development in recent years and the banks reticence to lend during the period of financial instability. There has been a notable decrease in foreign buyers, particularly those from Europe, active in the market. This exodus has however been seen as an opportunity by local investors who appear buoyed by not having to compete with international currency for properties, said Brendan Miller, principle of Lew Geffen Sotheby’s International Realty on the Atlantic Seaboard.”

“A significant number of sales in the mid to upper end of the market are being attributed to what’s become known as ‘semi-gration,’ South Africans relocating to Cape Town from other cities in the country because of the its inherent ‘holiday lifestyle’ appeal. Owing to its premier sea front location and the fact that supply is constrained, Cape Town’s Atlantic Seaboard has proven to be recession proof in much the same way that prime properties in London and New York are, and we have seen an increase in both demand and sale prices achieved, bucking the trend in the rest of the market,” said Miller.

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2013 Color of the Year: Emerald

The PANTONE® 2013 Color of the Year is the lively, radiant and lush green named, PANTONE 17-5641 Emerald. According to PANTONE, it’s “a color of elegance and beauty that enhances our sense of well-being, balance and harmony.”

From ceilings to walls, here are five lovely homes that use the Emerald hue.

Daniel Gale Sotheby’s International Realty  | $14,999,000 | Centre Island, New York, USA

pantone color of the year emerald

This spectacular limestone New York mansion was inspired By Marie-Antoinette’s Le Petite Trianon In Versailles.

Sotheby’s International Realty – Greenwich Brokerage  | $13,500,000 USD | Greenwich, Connecticut, USA

mansions for sale greenwich

Conyers Farm in Greenwich, Connecticut, is a majestic stone manor set on 12+ rolling acres. The residence is full of rich architectural detail throughout including the opulent library with Emerald-hued lacquered paneling and coffered ceiling.

Anguilla Properties Sotheby’s International Realty | $25,000,000 USD | Barnes Bay, Anguilla

anguilla luxury real estate

This ultimate island home in Anguilla is perched on a bluff above a secluded beach on the island’s exclusive West End and is furnished in a modern island-style.

Kurfiss Sotheby’s International Realty | $2,500,000 USD | Wayne, Pennsylvania, USA

country houses

Plumb Nilly, built in 1736 and beautifully restored in the 1920′s, is a charming 8+ acre farmhouse in Wayne, Pennsylvania. The romantic stone exterior and deep sill windows are accented with lively Emerald green shutters, adding to the home’s cottage charm.

Brandywine Fine Properties | $3,850,000 USD | Charlestown, Maryland

historic properties for saleBuilt in 1769, this historic classic Georgian-style home is rich with period architectural detail, including the Emerald painted millwork which further highlights the home’s hand-crafted details.

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