Luxury Outlook 2023
An ambitious exploration into high-end residential markets across the globe.
Stylish, innovative, disruptive—while this is how one might describe the allure of non-fungible tokens (NFTs), they’re qualities that are also in high-demand for luxury property buyers.
NFTs are digital assets, often in the form of art, with their uniqueness as the driving force behind their value. Most exceptional luxury homes are also coveted for their singularity, whether due to a rare location, unparalleled architecture, or distinctive design. For truly one-of-a-kind properties that reflect the essence of NFT art, set your sights on these five homes.
Joseph Cilic and Bruno Abisror – Sotheby’s International Realty – Pacific Palisades Brokerage
One element of NFT art that makes it compelling is its ability to modernize an established medium, at once honoring and subverting it. What you’ve become accustomed to viewing countless of times receives new life when presented in a pixelated form.
Such anachronistic reimagining occurs in this four-bedroom, four full-bathroom Beverly Hills Trousdale Estate, completed in 1971 by modernist architect Raul F. Garduno. And though it features classic seventies architectural elements, like a low-rise silhouette, step-down living room, and elegantly curved swimming pool, it’s a sought-after style that can be hard to come by in such pristine condition. In fact, it’s so desirable that notable gallery Casa Perfect used the home as a showroom. Breathtaking views of the city and canyon make it easy to see why this property is the pre-eminent homage to a former generation.
Jane Zhang and Christian Vermast – Sotheby’s International Realty Canada
While some NFT artists pack a flurry of color into the frame, others choose to be highly intentional with their pixel placement. The resulting image is often a touch crude, with sharp lines and unrefined edges—daring you to find beauty in its almost confrontational facade.
Such Brutalist beauty is evident in this dazzling, 26,000-square-foot home in Toronto. Designed by the same architect behind the elegantly imposing Toronto City Hall, the home has a remarkable cascading exterior design of three-and-a-half levels, is engineered from concrete embedded with quartz, and boasts thoughtful features, including a soaring atrium, zen garden, and indoor and outdoor swimming pools. With hand-painted murals and vast walls perfect for showcasing masterpieces, this home is an art collector’s dream.
Dário Neto – Portugal Sotheby’s International Realty
There’s no established formula to creating masterpieces in such a nascent form as NFT art. As such, a collection of these digital works would offer a broad palette of visual experiences, from the refined to the basic, from photorealistic recreations to simplistic bursts of color.
This diversity is reflected in this five-bedroom Portuguese villa overlooking the Algarve landscape and ocean. The home is artfully designed with large windows so each room can soak in the sun and incredible panoramic sea views from the property’s cliff-top vantage. Indoors, intricately tiled bathrooms garner a pixelated effect, and various pops of color and art installations aim to delight throughout the property.
Francesca A. M. – LUXHABITAT Sotheby’s International Realty
With NFT art, there are burgeoning possibilities to view works in immersive experiences such as the metaverse. A near future can be imagined where one could customize an entire virtual realm with the various pieces they acquired. In that realm, their existence would be enveloped by art.
This extraordinary four-bedroom duplex penthouse in Dubai makes it feel as though you’re living inside a piece of art at all times, rather than just admiring it. Angular surfaces, crosscut marble walls, and accent lighting add dimension to the polished yet opulent space, providing an all-encompassing feeling of artistry.
Dan Wolski and Mike Doyle – Russ Lyon Sotheby’s International Realty
Upon creation, an NFT is stamped by its creator. Unmodifiable and unalterable, the art is perpetually preserved in its intended state, guaranteeing authenticity and longevity.
In Scottsdale, this astounding home appears to be an extension of the Sonoran Desert landscape that still features rocks from 1,200 million years ago. Earth, steel, glass, stone—these organic elements come together to form a powerful structure where indoor-outdoor living is blended seamlessly. With floor-to-ceiling windows, one can comfortably gaze upon the spectacular sunsets similarly enjoyed in the centuries prior.
NFT artwork is valuable because it is irreplaceable, totally unique, and coveted by many. As these five spectacular homes demonstrate, these same qualities are precisely what can make a property desirable. And it won’t be long before real estate and NFTs intersect more directly, such as this innovative manor in Miami Shores that comes with a virtual replica NFT. This latest digital technology is a perfect match for luxury homes—the pinnacles of art and design.
NTF art is expanding boundaries—and so do these three homes. Make sure to check out the properties that break tradition in their own right.
POSTED IN LUXURY REAL ESTATE / TAGGED Arizona, California, Canada, Dubai, Portugal / Leave a Comment
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