There is no favorite listings!

Custom Gulf-front Home in Casey Key, Florida up for Auction

With 123 feet of private beachfront away from the crowds in Casey Key, Florida, this home offers a place to get away from it all.

“It’s really rare to find a new construction home on the Gulf, and this one is built to all of the latest codes and highest standards,” says Nate Schar, Director of Luxury Real Estate for Heritage Auctions. “The home is comfortably elegant, perfect for a refined, yet casual beach life.”

The 5,335-square-foot home features a kitchen with an island, Viking range, convection ovens, and custom cabinetry; a three-stop elevator; a main-level bedroom suite with a private office, closet with a dressing room, and direct access to a full-length veranda; and an upper level with split secondary suites that each include private baths, walk-in closets, and a large living area with balcony.

“The verandas facing the water are such a peaceful place to watch the sunsets over the gulf,” says Schar. “Wide enough for a dining table, you can entertain a crowd while overlooking your own private beach.”

Additionally, the lower level offers a well-proportioned 5-car garage with storage, flex space for gym or studio, a full bath, heated saltwater pool and spa, and an outdoor kitchen.

“The home is perfect for someone looking for a place that’s very private and quiet,” says Schar “It’s close to the nightlife and culture of Sarasota and Venice, but away from the crowds.”

The home will be auctioned without reserve on March 23. Previews held by appointment.

Visit Heritage Auctions online at HA.com/CaseyKey to view due diligence and terms of sale. Financing accepted

Leave a comment

Under Pressure

The following is a

Unique Homes Online Exclusive

During the mid-year height of the Covid-19 pandemic, real estate agents comment on how the market stood, and in some cases prevailed, under enormous pressure.

 

This past Fall, luxury real estate agents from across the country spoke on Unique Homes’ first Zoom panel to discuss topics from the recent article “Space: The New Currency,” from Unique Homes Magazine’s recent Fall issue, written by Camilla McLaughlin. On this exclusive virtual panel, agents were able to discuss how the real estate markets of America endured (and continue to endure) through the turbulence that the Covid-19 pandemic has caused. Throughout the discussion, these experienced panelists spoke on the changes their area(s) have undergone and the how the pandemic has affected the homebuying process. We’ve highlighted some of our distinguished panelists and their unique experiences below.

 

Mauricio Umansky, Founder/CEO of The Agency

Los Angeles, CA

In the beginning of “Space: The New Currency,” Mauricio Umansky, Founder and CEO of The Agency, notes that in the midst of the pandemic, consumers who were staying at home also found themselves asking impactful questions regarding their homes and their futures: where am I sequestering versus where am I at home? What do I want my home to look like? What do I want my second home to look like? 

As one of the opening speakers, Umansky adds that though many of these questions may not be answered right away, the pandemic proved to be a catalyst for many potential home buyers to start a dialogue with their local real estate agents. “Sequestering at home, stay in, shelter in place, whatever it is we want to call it, has caused a conversation that is equal amongst everybody, whether it’s politically driven, whether it’s answering ‘what do I want to do with my life?’ and understanding that we can now work and operate from anywhere.”

 

 

Courtney Hampson, Vice President of Marketing

Palmetto Bluff, SC

Palmetto Bluff is a community in coastal South Carolina that caters to a mix of primary and vacation homeowners. Courtney Hampson, Vice President of Marketing for Palmetto Bluff, says on the panel that at the beginning of the pandemic many residents were already staying in Palmetto Bluff due to Spring Break, and were mandated to stay due to the shutdown. Many stayed until May when the state began opening up again, and there were several instances where those who extended their stay ended up moving to Palmetto Bluff full time. About a particular couple from New York with young children, Hampson says “They literally walked down the street into our real estate office, went on our tour, looked at available homes, closed two days later, our fastest closing ever, and that was it. ‘This is where we are,’ they said, ‘This is the plan now.'”

During the panel Hampson also stated that the utilization of virual tours and showings became more widely utilized, so much that they had to include the option right away on their website.” She also noted that in the midst of everything, they found that buyers were buying almost like they were suffering from FOMO, or a Fear of Missing Out. “[Clients] are booking their stay at the hotel first, and … they have almost a fear of missing out. They’re not waiting to get here to look at real estate — they’re doing that virtually, going under contract and seeing their property the first time they come to visit.” 

Carrie Wells, Coldwell Banker Mason Morse Real Estate

Aspen, CO

Though located on the opposite side of the United States, Carrie Wells of Coldwell Banker Mason Morse Real Estate in Aspen, Colorado, experienced similar situations as Hampson had in South Carolina. March is typically the latter part of the state’s skiing season, but due to the pandemic the season was cut short, and those visiting found themselves sequestering in Aspen — and staying. She remarked that you can see this reflected in the school district alone, where 175 new students were admitted and a wait list was created for the Aspen Country Day School, Aspen’s main private school. She also noted that with the help of Matterport virtual tour technology, many sales were able to happen, as clients wanted to be able to visit openings safely. 

Wells remarked about her own experience with a New York family who stayed in Aspen until the summer. “He said, ‘I never realized that Aspen is so enjoyable in April and May,’ which are normally our off-season months. … People have experienced being here year-round, when they normally would not be here, and there’s so much to do other than downhill skiing that I think regardless of what happens with our winter, we’re still going to see our market continue to be strong.”

 

 

Frank Aazami, Russ Lyon Sotheby’s International Realty

Scottsdale, AZ

The title of the article “Space: The New Currency,” as well as the main point of discussion for the panel, was inspired by profound statement by Frank Aazami of Russ Lyon Sothebby’s International Realty. During the panel Aazami notes that when the pandemic began and people were sequestering, he noticed that areas that were previously difficult to sell beforehand, regions outside of Phoenix and Scottsdale such as Fountains Hills, Cave Creek, et cetera, were now like beacons that buyers were gravitating toward. Previously, there were no sales north of $3 million, but eventually there were closings reaching upwards of $4 and $6 million. The reasoning for this market change? Space!

In the article, Aazami notes that from his region of Scottsdale, Arizona, his experience during the pandemic that no matter what buyers were generally looking for — a vacation home, relocation refuge, et cetera — the key point he saw was that consumers were looking for a safe haven, with plenty of space. Not only that, but consumers are also requesting specifics when it comes to this space in order to make their purchases personal and customized to their lifestyles, from multiple offices and indoor gyms to view decks and larger patios. 

 

 

Chris Bernier, Churchill Properties

Boston’s North Shore, MA

Located just 30 minutes outside of Boston, Chris Bernier of Churchill Properties notes during the Zoom panel that despite the usual trends of buyers looking for smaller, more minimalistic style homes, space really is the new currency. He affirms that many buyers in his market are flocking toward the larger homes. These market shifts are no doubt due to the pandemic shifting priorities. 

“Our listing inventory is down 52 percent for single family homes in Massachusetts, so we’re running on half of what we were this time last year. And it’s just made a tremendously imbalanced seller’s market. Prices are up in Massachusetts, it’s just driving the market up.” With as much uncertainty, he adds that it’s also been hard to know exactly what the real estate cycle looks like, even though it’s always been a very predictable real estate cycle in Massachusetts. That all being said, he notes that from the pandemic to American politics at play, “with everything that’s going on, it’s been one of the best years in Massachusetts for residential real estate.” 

 

James Torrance, Keller Williams Luxury International

Palm Beach, FL

James Torrance from Palm Beach, Florida, has much to say about the pandemic has shifted Florida into more than just a retirement or snowbird refuge, seen in these clips from the Zoom discussion. He notes further that in fact a large wave of buyers from California and more specifically Chicago brought interest to the area and helped close several sales, a rarity in his area. What was also interesting that he notices are the importance of the private schools and districts in South Florida, as he mentions that many buyers were finding schools they liked, then picking from available homes nearby.

This, alongside his points about the importance of homes with multi-functional spaces such as guesthouses and just the overall outlook on how the market has shifted, highlight just how much action Florida has seen in the past several months due to Covid-19’s effect on real estate.

 

 

Roxann Taylor, Engel & Völkers Dallas Forth Worth

Dallas, TX

As an real estate agent with 40-plus years of selling experience, Roxann Taylor of Engel & Völkers Dallas Forth Worth was a fountain of wisdom toward the end of the virtual panel. She highlighted much of what the other panelists had noted, including buyers prioritizing homes with large space as opposed to downsizing, and putting houses on the market through a near fully virtual process. 

 

 

For More Unique Homes Online Exclusive content, click here.

Leave a comment

Under Pressure

The following is a

Unique Homes Online Exclusive

During the mid-year height of the Covid-19 pandemic, real estate agents comment on how the market stood, and in some cases prevailed, under enormous pressure.

 

This past Fall, luxury real estate agents from across the country spoke on Unique Homes’ first Zoom panel to discuss topics from the recent article “Space: The New Currency,” from Unique Homes Magazine’s recent Fall issue, written by Camilla McLaughlin. On this exclusive virtual panel, agents were able to discuss how the real estate markets of America endured (and continue to endure) through the turbulence that the Covid-19 pandemic has caused. Throughout the discussion, these experienced panelists spoke on the changes their area(s) have undergone and the how the pandemic has affected the homebuying process. We’ve highlighted some of our distinguished panelists and their unique experiences below.

 

Mauricio Umansky, Founder/CEO of The Agency

Los Angeles, CA

In the beginning of “Space: The New Currency,” Mauricio Umansky, Founder and CEO of The Agency, notes that in the midst of the pandemic, consumers who were staying at home also found themselves asking impactful questions regarding their homes and their futures: where am I sequestering versus where am I at home? What do I want my home to look like? What do I want my second home to look like? 

As one of the opening speakers, Umansky adds that though many of these questions may not be answered right away, the pandemic proved to be a catalyst for many potential home buyers to start a dialogue with their local real estate agents. “Sequestering at home, stay in, shelter in place, whatever it is we want to call it, has caused a conversation that is equal amongst everybody, whether it’s politically driven, whether it’s answering ‘what do I want to do with my life?’ and understanding that we can now work and operate from anywhere.”

 

 

Courtney Hampson, Vice President of Marketing

Palmetto Bluff, SC

Palmetto Bluff is a community in coastal South Carolina that caters to a mix of primary and vacation homeowners. Courtney Hampson, Vice President of Marketing for Palmetto Bluff, says on the panel that at the beginning of the pandemic many residents were already staying in Palmetto Bluff due to Spring Break, and were mandated to stay due to the shutdown. Many stayed until May when the state began opening up again, and there were several instances where those who extended their stay ended up moving to Palmetto Bluff full time. About a particular couple from New York with young children, Hampson says “They literally walked down the street into our real estate office, went on our tour, looked at available homes, closed two days later, our fastest closing ever, and that was it. ‘This is where we are,’ they said, ‘This is the plan now.'”

During the panel Hampson also stated that the utilization of virual tours and showings became more widely utilized, so much that they had to include the option on their website right away on their website.” She also noted that in the midst of everything, they found that buyers were buying almost like they were suffering from FOMO, or a Fear of Missing Out. “[Clients] are booking their stay at the hotel first, and … they have almost a fear of missing out. They’re not waiting to get here to look at real estate — they’re doing that virtually, going under contract and seeing their property the first time they come to visit.” 

Carrie Wells, Coldwell Banker Mason Morse Real Estate

Aspen, CO

Though located on the opposite side of the United States, Carrie Wells of Coldwell Banker Mason Morse Real Estate in Aspen, Colorado experienced similar situations as Hampson had in South Carolina. March is typically the latter part of the state’s skiing season, but due to the pandemic the season was cut short, and those visiting found themselves sequestering in Aspen — and staying. She remarked that you can see this reflected in the school district alone, where 175 new students were admitted and a weight list was created for the Aspen Country Day School, Aspen’s main private school. She also noted that with the help of Matterport virtual tour technology many sales were able to happen, as clients wanted to be able to visit openings safely. 

Wells remarked about her own experience with a New York family who stayed in Aspen until the summer. “He said, ‘I never realized that Aspen is so enjoyable in April and May,’ which are normally our off-season months. … People have experienced being here year-round, when they normally would not be here, and there’s so much to do other than downhill skiing that I think regardless of what happens with our winter, we’re still going to see our market continue to be strong.”

 

 

Frank Aazami

Russ Lyon Sotheby’s International Realty

Scottsdale, AZ

The title of the article “Space: The New Currency,” as well as the main point of discussion for the panel, was inspired by profound statement by Frank Aazami of Russ Lyon Sothebby’s International Realty. During the panel Aazami notes that when the pandemic began and people were sequestering, he noticed that areas that were previously difficult to sell beforehand, regions outside of Phoenix and Scottsdale such as Fountains Hills, Cave Creek, etc, were now like beacons that buyers were gravitating towards. Before there were no sales north of $3 million, but eventually there were closings reaching upwards of $4 and $6 million. The reasoning for this market change? Space!

In the article Aazami notes that from his region of Scottsdale, Arizona, his experience during the pandemic that no matter what buyers were generally looking for, a vacation home, relocation refuge, etc., the key point he saw was that consumers were looking for a safe haven, with plenty of space. Not only that, but consumers are also requesting specifics when it comes to this space in order to make their purchases personal and customized to their lifestyles, from multiple offices and indoor gyms to view decks and larger patios. 

 

 

Chris Bernier, Churchill Properties

Boston’s North Shore, MA

Located just 30 minutes outside of Boston, Chris Bernier of Churchill Properties notes during the Zoom panel that despite the usual trends of buyers looking for smaller, more minimalistic style homes, space really is the new currency. He affirms that many buyers in his market are flocking toward the larger homes. These market shifts are no doubt due to the pandemic shifting priorities, and continues to show 

“Our listing inventory is down 52 percent for single family homes in Massachusetts, so we’re running on half of what we were this time last year. And it’s just made a tremendously imbalanced seller’s market. Prices are up in Massachusetts, it’s just driving the market up.” With as much uncertainty, he adds that it’s also been hard to know exactly what the real estate cycle looks like, even though it’s always been a very predictable real estate cycle in Massachusetts. That all being said, he notes that from the pandemic to American politics at play, “with everything that’s going on, it’s been one of the best years in Massachusetts for residential real estate.” 

 

James Torrance, Keller Williams Luxury International

Palm Beach, FL

James Torrance from Palm Beach, Florida has much to say about the pandemic has shifted Florida into more than just a retirement or snowbird refuge, seen in these clips from the Zoom discussion. He notes further that in fact a large wave of buyers from California and more specifically Chicago brought interest to the area and helped close several sales, a rarity in his area. What was also interesting that he notices are the importance of the private schools and districts in South Florida, as he mentions that many buyers were shopping around different homes once they had found a school system they liked, then picking from available homes nearby.

This, alongside his points about the importance of homes with multi-functional spaces such as guesthouses and just the overall outlook on how the market has shifted, highlight just how much action Florida has seen in the past several months due to Covid-19’s effect on real estate.

 

 

Roxann Taylor, Engel & Völkers Dallas Forth Worth

Dallas, TX

As an real estate agent with 40-plus years of selling experience, Roxann Taylor of Engel & Völkers Dallas Forth Worth was a fountain of wisdom toward the end of the virtual panel. She highlighted much of which was similar to what the other panelists had noted, including buyers prioritizing homes with large space as opposed to downsizing, putting houses on the market through a near fully-virtual process, and much more. 

 

 

For More Unique Homes Online Exclusive content, click here.

Leave a comment

Rise to the Top

Who’s Who in Luxury Real Estate Members Recognized More Than 150 Times in REAL Trends 500

 

REAL Trends recently published their 33rd Annual REAL Trends 500, a leading report ranking the performance of the top residential real estate firms in the United States.

The list ranks the Top 500 firms ranked by both closed transactions sides as well as closed sales volume throughout 2019. Additionally, they acknowledged firms that closed at least one billion dollars’ worth of residential real estate in the surveyed year. 

This year, Who’s Who in Luxury Real Estate members were recognized more than 150 times in the REAL Trends 500. Many members were included more than once and ranked among the top ten in their respective categories! 

Congratulations to all Who’s Who in Luxury Real Estate members who made this prestigious list!

Residential real estate leaders have been looking to REAL Trends for more than 30 years for timely and trusted information and analysis through their monthly newsletter, conferences and publications. They provide vital data and insight into market trends that are imperative to the luxury real estate community, and inclusion in the REAL Trends 500 is a high honor.

Please visit REAL Trends 500 to view the entire report; keep an eye out for our latest LRE® promotion on page 3.

Photo at left provided by Who’s Who in Luxury Real Estate.

Featured photo by Luan Oosthuizen.

Leave a comment

Selling Near the Stars

star property itself, this private estate offers incredible attention to detail and elegant interiors that exude sophistication.

Patrick Fogarty of Hilton & Hyland represented the buyers, German national Ekkehart Hassels-Weiler and his new husband Omar Romero, who were eager to acquire this unique home. Fogarty says the home was on the market for less than a month and bought in under four.

Externally, the home is almost mysterious at first glance, as the long driveway affords complete privacy from the street. That mystery transitions into pure awe once the house is in full view, as Fogarty says the home’s proportions and classic design give it a grand feel that enhances with every meticulous detail. “The style is timeless rather than of the moment,” he says, adding that the overall aesthetic is tasteful yet opulent.

Built and developed by the seller, British property developers Ian and Richard Livingston, the estate greets visitors with a graceful motor court that features both trees and fountains. The front doors open to a striking grand entry with 30-foot ceilings and walls of marble, all opening up to a grand staircase and detailed floor plan. A strong yet beautiful harmony is felt in every room, from the dramatic kitchen to the tasteful master bedroom and baths. Interestingly, Fogarty notes that though “the home is grand in scale, [it] still manages to feel like a home.” Other features of this estate include a master wing, gym, theater, guesthouse, staff quarters and bocce court. The expansive backyard also boasts an ozone pool that highlights the perfect California indoor-outdoor lifestyle.

Only approximately five minutes from Rodeo Drive, the 8-bedroom, 11-bath home remarkably reflects a sense of tranquility and serenity, allowing the new owners to relax with complete privacy. The blend of rich landscaping and natural materials, such as stones, wood, steel, and brass, also enrich its character and depth, making it a true sanctuary.

Photos by Berlyn Photography 2019.

THIS ARTICLE ORIGINALLY APPEARED IN THE GLOBAL 2019 ISSUE OF UNIQUE HOMES. TO SEE THE DIGITAL VERSION OF THIS STORY, CLICK HERE.

Cash for Craft

In the past two decades, an explosion of craft distilleries — much like the proliferation of microbreweries that preceded it — brought greater innovation and individuality to the spirits industry.

Harry’s Table

By Jamie Yoos Inspired by a traditional Italian street filled with local vendors, such as a butcher, cheesemonger, fishmonger, and more, Harry’s Table in New York City is offering a new type of culinary journey. At Two Waterline Square near Lincoln Center, the...

Satiable Summer Sips

By Marlene Ridgeway Beverage companies around the world are building brands aimed to be inclusive, sustainable, and satisfying. These recipes and ready-to-drink creations are perfect by the pool, at the beach, or as an afternoon refresher. Teremana Tequila Among the...

The Secret Sauce

By Roger Grody Expensive culinary academies may insist that exceptional cooking is solely the product of refined technique that takes years to master, but many chefs acknowledge that access to quality ingredients is half the challenge. With celebrity chefs spilling...

Taco Tuesday

By Roger Grody   Tacos are the ultimate street food, and college kids, frazzled moms and anybody on a budget knows they are also typically a great value. But as the tradition of “Taco Tuesday” has spread from the American Southwest through the entire nation,...

Fast Yet Fashionable

By Roger Grody Fast-food operations are not what they used to be, and even the term “fast food” is passé, with trade associations turning to more attractive euphemisms like “quick- service restaurant” (QSR) or “fast-casual” establishment. The latest generation of...

Sweet Sustainability

Some of the world’s finest hotels have accepted hundreds of thousands of new guests: honeybees that reflect a commitment to sustainability.

Dining Responsibly

Seafood challenges chefs and delights diners, but a world of rapidly depleting resources requires conscientious choices.

A Guide to the Michelin Guide

Bvlgari Hotels & Resorts is proud to announce that both the hotel’s signature restaurants, the Italian Il Ristorante — Niko Romito and the Chinese Bao Li Xuan, have been awarded Michelin stars during the Michelin Guide Shanghai 2020 presentation ceremony.

Templates for the Written World

Fundamentally, libraries are simply communal repositories for books, but that utilitarian function is often expressed in architecture that elevates the human spirit.

Healing with Sound

Unlock the secrets of ancient methodologies harnessing the power of sound, frequencies, and vibrations, revered for their transformative effects on the mind, body, and spirit.

Exclusive Guide to the Most Expensive Waterfront Homes For Sale

Discover the epitome of luxury living in Unique Homes' meticulously curated list featuring the foremost waterfront estates in every state.

Historic Sale in Southampton

Experience the pinnacle of luxury living with the recent groundbreaking auction sale of La Dune, an iconic oceanfront estate nestled in the prestigious Hamptons.

Make Them Think

Sante Fe abstract expressionist Brian McPartlon describes his personal style as “exploratory,” and he favors using acrylic on canvas to create his breathtaking works of art.

Unique Homes Presents: America’s Most Expensive Real Estate

Explore our Ultimate Homes list, which features the 20 most expensive homes on the market in each state across the nation. Read more to see the impressive listings in your state!

5-Acre Oceanfront Estate

Home of the Day: 9300 Overseas Highway, Marathon, Florida. Enjoy this 5-acre oceanfront estate that captures the Caribbean island charm while still attached to the mainland.

Cinnamon Shore Unveils Texas-Sized Fun

Hold onto your sun hats because this walkable beach community is taking your coastal dreams to a whole new level. The whole family will enjoy these new resort amenities.

Accessorize Like an Expert this Winter

Cold weather can feel calamitous to one’s personal style as bulky puffer coats, chunky gloves, and clunky snow boots forcibly overtake outfits.

Plant-Based Handbags

In the ever-changing fashion industry, handbags go beyond mere accessories. They serve as reflections of personal style, symbols of status, and extensions of identity.

Templates for the Written World

Fundamentally, libraries are simply communal repositories for books, but that utilitarian function is often expressed in architecture that elevates the human spirit.

Healing with Sound

Unlock the secrets of ancient methodologies harnessing the power of sound, frequencies, and vibrations, revered for their transformative effects on the mind, body, and spirit.

Exclusive Guide to the Most Expensive Waterfront Homes For Sale

Discover the epitome of luxury living in Unique Homes' meticulously curated list featuring the foremost waterfront estates in every state.

Historic Sale in Southampton

Experience the pinnacle of luxury living with the recent groundbreaking auction sale of La Dune, an iconic oceanfront estate nestled in the prestigious Hamptons.

Make Them Think

Sante Fe abstract expressionist Brian McPartlon describes his personal style as “exploratory,” and he favors using acrylic on canvas to create his breathtaking works of art.

Unique Homes Presents: America’s Most Expensive Real Estate

Explore our Ultimate Homes list, which features the 20 most expensive homes on the market in each state across the nation. Read more to see the impressive listings in your state!

5-Acre Oceanfront Estate

Home of the Day: 9300 Overseas Highway, Marathon, Florida. Enjoy this 5-acre oceanfront estate that captures the Caribbean island charm while still attached to the mainland.

Cinnamon Shore Unveils Texas-Sized Fun

Hold onto your sun hats because this walkable beach community is taking your coastal dreams to a whole new level. The whole family will enjoy these new resort amenities.

Accessorize Like an Expert this Winter

Cold weather can feel calamitous to one’s personal style as bulky puffer coats, chunky gloves, and clunky snow boots forcibly overtake outfits.

Plant-Based Handbags

In the ever-changing fashion industry, handbags go beyond mere accessories. They serve as reflections of personal style, symbols of status, and extensions of identity.
Leave a comment

Renowned Italian Designer Makes Debut in Hawaii

All photos courtesy of The Residences at Mandarin Oriental, Honolulu.

Have you ever wondered what it’d look like to combine the luxury of Italian design and natural beauty of Honolulu? Now you don’t have to imagine.

Mana’olana Partners unveiled The Residences at Mandarin Oriental, Honolulu’s new kitchen and bathroom designs in collaboration with renowned Milan-based designer, Molteni&C|Dada. This marks the Italian designer’s debut on the Hawaiian islands.

“As one of the world’s most influential tastemakers, Molteni&C|Dada is synonymous with sophistication and class and stands for everything that the Mandarin Oriental brand represents,” said James Ratkovich, co-managing partner of Mana’olana Partners, in a press release. “We are elated to welcome our future Residents to the Residence Gallery to experience the true-to-life Molteni spaces.”

Designed by Dianna Wong Architecture and fabricated by Molteni&C|Dada, the 99 exclusive residences will feature custom Italian bathrooms with a selection of two dramatic color palettes.

The Daybreak Palette will include Dada light oak wood cabinetry, Dada pewter metal trim, Dada Maxxigloss white lacquer cabinetry, White Carrara marble Kitchen counter and backsplash, and ADM White European Oak wood flooring.

The Nightfall Palette will have Rhone camel stained Oak wood flooring, Dada Eucalyptus wood kitchen cabinetry, Dada Titan metal trim and Grigio Lido Opaco Marble counter and backsplash.

Residents will have premier access to a private amenity level comprised of a luxury pool and lounge area with sun cabanas, a chef’s kitchen with a dining room, state-of-the-art theater and more.  

Residents and hotel guests alike will be able to shop in the Retail Salon, which holds the finest merchandise from couture fashion and accessories to jewelry and luxury timepieces. 

Prospective owners can virtually experience the building through the Residence Gallery, which features an interactive touchscreen, in which users can explore floor plans, renderings, views and fly-through videos as well as tour vignettes of the Dada-designed kitchens and bathrooms.

Select residences are available in the low $2 millions and up to $35 million, which includes the most expensive penthouse on the market in Honolulu.

Leave a comment

Footloose Fortunes

©istockphoto.com / ClaudioVentrella

While the pace of wealth creation may be slowing, the story now is how it’s spreading around the globe.

“The increasingly footloose nature of wealth.” That’s how global consultancy Knight Frank characterizes today’s trend in affluence. When it comes to real estate, all it takes is a quick look at the worldwide activity of major brands to see a clear illustration of this concept.

The locations of new affiliates of Sotheby’s International Realty in recent months include Oklahoma City, Arkansas and Kansas, along with Cyprus, Slovakia and Qatar. Qatar is the second location in the Middle East for Sotheby’s. Berkshire Hathaway HomeServices has extended its reach to global hubs, partnering with major firms in Europe and the Middle East. Now, they count Berlin, London, Milan, Madrid, Barcelona, Dubai and Frankfort in their network. Coldwell Banker has offices in 49 countries. Luxury Portfolio International, the luxury arm of Leading Real Estate Companies of the World, has affiliates in more than 70 countries.

“The fact that the world is becoming smaller and smaller, the speed of information flow, and travel contribute to people’s interest in owning properties elsewhere, both for Americans and foreign nationals,” explains Joyce Rey, executive director, Coldwell Banker Global Luxury.

Markets may go through cycles and new partnerships emerge, but the foundation of global real estate hasn’t changed. “The luxury buyer understands that one of the best, if not the best, investments they can make is property,” explains Michael Jalbert, executive vice president, Global Field Operations for HSF Affiliates, the parent company of Berkshire Hathaway HomeServices.

Chatter regarding a potential recession might form a smokescreen, but wealth creation will continue to be a constant, according to Knight Frank’s annual Wealth Report, which forecasts a rise, over the next five years, of 22 percent in the number of individuals whose net worth exceeds $30 million, a group often classified as Ultra High Net Worth, UHNW. Over the next year, existing UHNW, especially in the U.S., expect their wealth to increase.

When Rey began her career in the 1970s, foreign buyers were a rarity, especially in Southern California. Today, she says, the percentage of foreign buyers purchasing ultra-luxury properties, those priced above $20 million, has remained pretty steady. “Usually it waffles between about 20 percent to 25 percent. And that hasn’t changed over the years.” For the first nine months of 2019, foreign buyers accounted for 31 percent of purchases of $20-million plus residences in Los Angeles’ tony west side.

Rey was one of the first to reach outside U.S. borders to forge connections. After the increase of Japanese buyers in 1980s, she traveled to Japan to meet one-on-one with agents and potential buyers. “I feel if a quarter of your buying population is foreign, you should be reaching out to the foreign market,” she says.

Bob Hurwitz, founder and president of the Hurwitz James Company (HJC), was also on the leading edge of the global outreach. “In the early 90s, I recognized that the buyers for my highest-priced properties were more and more often originating from overseas. This was actually before the Internet was even a reality for marketing purposes. As a result, I started focusing a significant percentage of my marketing to exposing my listings here in the states to affluent foreign buyers.” He also created a network of HJC representatives to promote his listings overseas. Currently, Hurwitz represents nearly $3 billion in luxury properties and developments worldwide.

Even those who work in the global arena today are occasionally surprised by the geographic diversity of investors and buyers. “One stat that recently jumped out at me is Aruba is home to 90-plus nationalities and ethnic groups, which I thought was fascinating,” shares Stephanie Anton, president of Luxury Portfolio International. “One of our affiliates there also pointed out that many of their buyers are coming from India.”

And this isn’t an isolated instance. Indian buyers are cropping up in many other primary and second-home locations, including Portugal. Among foreign buyers in the U.S., India ranks third after China and Canada. India is expected to lead the five-year growth in Asia’s ultra-high net worth population with a 39 percent increase, followed by the Philippines (38 percent) and China (35 percent).

Increasingly, the ultra-wealthy are not necessarily tied to one country or one region. Approximately, 26 percent plan to emigrate in the next year. Already, more than a third hold a second passport and 22 percent plan to buy outside their country of residence, according to Knight Frank.

However, 2018 saw only a marginal increase (0.8 percent) in the size of the ultra-wealthy population, which Wealth X describes as a “marked slowdown” from the year earlier. The combined net worth of the ultra-wealthy declined 1.7 percent, the first annual fall in three years, according to Wealth X. However, it’s important to view these changes in context, because 2017 saw dynamic wealth creation with double-digit growth in the number of ultra-wealthy and impressive gains in asset markets.

The global outlook this year is nuanced. Rising interest rates and the end of quantitative easing means we are reaching the end of super-charged returns on everything from classic cars to art and property, according to Knight Frank. Government policies continue to transition as some countries seek to attract wealth, with a record number offering citizenship and residency through policies regarding investment, while others restrict outflows of capital. Others, including Singapore, Australia, New Zealand, Canada and the UK will continue to make it more difficult for wealthy non-residents to purchase properties.

Looking ahead, expectations are for slower price growth in key markets. But, as with any correction, a shift in values is an opportunity to which buyers respond, something that is already happening in London, where agents see a potential turnaround, particularly for higher-priced properties, underway.

“London’s general property market has experienced a slowdown and fall in housing prices. That said, the luxury property market is certainly bottoming out and we are experiencing buyers returning to the market, which is demonstrated by our revenues being up 146 percent year on year,” says Martin Bikhit, managing director at Berkshire Hathaway HomeServices Kay & Co.

“Given all the uncertainty of Brexit, values in London have come down significantly. It’s a buyers’ market,” says Jalbert.

The exchange rate of the U.S. dollar to sterling makes the value equation even more appealing. “American buyers have been able to take advantage of savings up to 45 percent compared to the 2014 peak of the market. U.S. buyers believe that the market is going to spike post-Brexit and there is now an opportunity to buy competitively. Indeed, this is illustrated by the fact that American hedge funder Ken Griffin was the buyer behind two of London’s most expensive property transactions within the past year,” according to Bikhit, who calls this surge a “pre-Brexit boom.”

Hurwitz sees luxury penthouses in many traditional hot markets, including London, as good opportunities for buyers, since those prices have seen a big decline. Other recommendations in Europe include France as well as Tuscany, which, he says, has an appeal that transcends the strictly financial. “Finding something totally renovated in an authentic manner is key.”

A flat or pied-à-terre in Paris has become a rite of passage for Americans, says Anton, noting reports of particular interest coming from Silicon Valley. Paris is one of the bright spots in Europe, placing third on Knight Frank’s list of the

fastest-growing luxury markets.

“France and Italy are still two of our top locations and our offices are expanding in numbers and experiencing a very solid claim in the market,” says Craig Hogan, vice president, Coldwell Banker Global Luxury.

Berlin is Europe’s rising star. It has topped Urban Land Institute’s list of markets to watch in Europe for four years in a row, and currently ranks second after Madrid on rankings of the fastest-growing luxury real estate markets. Luxury residential here is a small but vibrant niche, with the number of privately owned apartments selling above 1 million euros growing by 17.5 percent from 2017 to 2018.

Stefan Schulze, COO, Berkshire Hathaway HomeServices Rubina Real Estate, says, “If Berlin succeeds in further expanding its potential in scientific and culture fields and remains one of the influential centers in Europe, it can be deemed certain that not only the number of premium new development projects but also the quality of luxury real estate will continue to grow sharply.”

Global Buyers in the U.S.

From the perspective of foreign buyers in the U.S., Hurwitz says, the market has changed multiple times over the last few years, fueled by factors as diverse as the attitude and oversight of a foreign buyer’s own government regarding money leaving their country, to crushing economic changes in their country of origin, to U.S. government restrictions on shell companies buying, to various others. Hurwitz says, “I still believe the U.S. is a safe bet and I am telling my clients to buy here.”

During the 12 months from April 2018 to March 2019, global purchases of U.S. properties fell sharply, with purchases declining by 36 percent. The dollar volume as well as the average price also declined. Rather than lack of interest from potential buyers, Lawrence Yun, NAR chief economist, cites what he calls “a confluence of factors — slower economic growth abroad, tighter capital controls in China, a stronger U.S. dollar and a low inventory of homes for sale.”

John Smaby, NAR president, adds, “There is still significant interest in U.S. properties across the globe, and the U.S. is still seen as a safe, secure place to invest.”

London

©istockphoto.com / _ultraforma_

Tuscany

©istockphoto.com / mammuth

Paris

©istockphoto.com / Givaga

Madrid

©istockphoto.com / SeanPavonePhoto

Global Bright Spots

Along with real estate professionals from over 27 countries, Stephanie Anton recently returned from her company’s international conference in Athens. “It was thrilling to hear and see firsthand about so many bright spots in the market,” she says, including places where property markets were hard hit by political and financial turmoil during the recession. “One that was particularly obvious was our host city itself. The optimism of the Greek people was palpable.”

Both Spain and Portugal are seeing an influx of buyers and a surge in sales. Both suffered during the recession and are experiencing a strong turnaround.

“I think there is a sentiment of Europeans kind of holding their breath and waiting to see what happens with Brexit. But yet, there are also bright spots and the bright spots are more of those second-home markets because they’re lifestyle purchases. And so people are less concerned about the economic impact of Brexit because of making decisions on purchasing second or third homes,” Anton observes.

Some of the strongest luxury markets this year have been in resort locales. San Miguel de Allende continues to rank at the top of best cities and second-home destinations. “Our typical luxury buyers are investors looking for properties to take advantage of the lucrative vacation rental market, or shopping for their second or third vacation homes,” says Nancy Howze, with CDR San Miguel.

“Upscale consumers tend to have a broad world view,” says Jalbert. “They understand markets and are attracted to a range of places. Buyers in different parts of Europe are looking for a weather change, so it’s no surprise to see the resurgences of locations along Costa Del Sol and Portugal.” Jalbert adds that almost 100 percent of the luxury transactions in their eight offices in Portugal are from buyers outside the country. “It’s just an incredibly enchanted place where they have beautiful properties, but where there has also been significant investment in infrastructure,” he says.

One thing that has remained constant across the globe is the attitude of the elite regarding buying. Some of the highest sales in the last year can be tracked to global buyers, according to Hogan. “They will spend the money but need to know it’s a wise decision.”

THIS ARTICLE ORIGINALLY APPEARED IN THE GLOBAL 2019 ISSUE OF UNIQUE HOMES. TO SEE THE DIGITAL VERSION OF THIS STORY, CLICK HERE.

Templates for the Written World

Fundamentally, libraries are simply communal repositories for books, but that utilitarian function is often expressed in architecture that elevates the human spirit.

Healing with Sound

Unlock the secrets of ancient methodologies harnessing the power of sound, frequencies, and vibrations, revered for their transformative effects on the mind, body, and spirit.

Exclusive Guide to the Most Expensive Waterfront Homes For Sale

Discover the epitome of luxury living in Unique Homes' meticulously curated list featuring the foremost waterfront estates in every state.

Historic Sale in Southampton

Experience the pinnacle of luxury living with the recent groundbreaking auction sale of La Dune, an iconic oceanfront estate nestled in the prestigious Hamptons.

Make Them Think

Sante Fe abstract expressionist Brian McPartlon describes his personal style as “exploratory,” and he favors using acrylic on canvas to create his breathtaking works of art.

Unique Homes Presents: America’s Most Expensive Real Estate

Explore our Ultimate Homes list, which features the 20 most expensive homes on the market in each state across the nation. Read more to see the impressive listings in your state!

5-Acre Oceanfront Estate

Home of the Day: 9300 Overseas Highway, Marathon, Florida. Enjoy this 5-acre oceanfront estate that captures the Caribbean island charm while still attached to the mainland.

Cinnamon Shore Unveils Texas-Sized Fun

Hold onto your sun hats because this walkable beach community is taking your coastal dreams to a whole new level. The whole family will enjoy these new resort amenities.

Accessorize Like an Expert this Winter

Cold weather can feel calamitous to one’s personal style as bulky puffer coats, chunky gloves, and clunky snow boots forcibly overtake outfits.

Plant-Based Handbags

In the ever-changing fashion industry, handbags go beyond mere accessories. They serve as reflections of personal style, symbols of status, and extensions of identity.

Templates for the Written World

Fundamentally, libraries are simply communal repositories for books, but that utilitarian function is often expressed in architecture that elevates the human spirit.

Healing with Sound

Unlock the secrets of ancient methodologies harnessing the power of sound, frequencies, and vibrations, revered for their transformative effects on the mind, body, and spirit.

Exclusive Guide to the Most Expensive Waterfront Homes For Sale

Discover the epitome of luxury living in Unique Homes' meticulously curated list featuring the foremost waterfront estates in every state.

Historic Sale in Southampton

Experience the pinnacle of luxury living with the recent groundbreaking auction sale of La Dune, an iconic oceanfront estate nestled in the prestigious Hamptons.

Make Them Think

Sante Fe abstract expressionist Brian McPartlon describes his personal style as “exploratory,” and he favors using acrylic on canvas to create his breathtaking works of art.

Unique Homes Presents: America’s Most Expensive Real Estate

Explore our Ultimate Homes list, which features the 20 most expensive homes on the market in each state across the nation. Read more to see the impressive listings in your state!

5-Acre Oceanfront Estate

Home of the Day: 9300 Overseas Highway, Marathon, Florida. Enjoy this 5-acre oceanfront estate that captures the Caribbean island charm while still attached to the mainland.

Cinnamon Shore Unveils Texas-Sized Fun

Hold onto your sun hats because this walkable beach community is taking your coastal dreams to a whole new level. The whole family will enjoy these new resort amenities.

Accessorize Like an Expert this Winter

Cold weather can feel calamitous to one’s personal style as bulky puffer coats, chunky gloves, and clunky snow boots forcibly overtake outfits.

Plant-Based Handbags

In the ever-changing fashion industry, handbags go beyond mere accessories. They serve as reflections of personal style, symbols of status, and extensions of identity.

Templates for the Written World

Fundamentally, libraries are simply communal repositories for books, but that utilitarian function is often expressed in architecture that elevates the human spirit.

Healing with Sound

Unlock the secrets of ancient methodologies harnessing the power of sound, frequencies, and vibrations, revered for their transformative effects on the mind, body, and spirit.

Exclusive Guide to the Most Expensive Waterfront Homes For Sale

Discover the epitome of luxury living in Unique Homes' meticulously curated list featuring the foremost waterfront estates in every state.

Historic Sale in Southampton

Experience the pinnacle of luxury living with the recent groundbreaking auction sale of La Dune, an iconic oceanfront estate nestled in the prestigious Hamptons.

Make Them Think

Sante Fe abstract expressionist Brian McPartlon describes his personal style as “exploratory,” and he favors using acrylic on canvas to create his breathtaking works of art.

Unique Homes Presents: America’s Most Expensive Real Estate

Explore our Ultimate Homes list, which features the 20 most expensive homes on the market in each state across the nation. Read more to see the impressive listings in your state!

5-Acre Oceanfront Estate

Home of the Day: 9300 Overseas Highway, Marathon, Florida. Enjoy this 5-acre oceanfront estate that captures the Caribbean island charm while still attached to the mainland.

Cinnamon Shore Unveils Texas-Sized Fun

Hold onto your sun hats because this walkable beach community is taking your coastal dreams to a whole new level. The whole family will enjoy these new resort amenities.

Accessorize Like an Expert this Winter

Cold weather can feel calamitous to one’s personal style as bulky puffer coats, chunky gloves, and clunky snow boots forcibly overtake outfits.

Plant-Based Handbags

In the ever-changing fashion industry, handbags go beyond mere accessories. They serve as reflections of personal style, symbols of status, and extensions of identity.
Leave a comment

Travel in 2020

All photos courtesy Tourradar.com

Now that the holidays are over and business is back to usual, it’s time to get excited about where you’re traveling in 2020.

Unique Homes and Tourradar.com have rounded up all the buzziest destinations for the year ahead so you can start planning your next great adventure!

Costa Rica

If you’re hoping to reconnect with nature this year, Costa Rica is the answer. It’s where tropical backgrounds are the norm, as is exotic wildlife, robust coffee flavours and the relaxing wellness retreats waiting for travellers beachside.

Stroll across suspension bridges up in the forest canopy and find yourself completely and utterly face-to-face with Mother Nature while in the dreamy cloud forest region of the country in Monteverde. 90% of Costa Rica’s energy is created by renewable sources, and they’re on track to become one of the first carbon-neutral countries this year. Play your part by choosing to spend vacation time in a country that’s going above and beyond to make a difference to our global climate crisis.

Just in case activities like hiking volcanoes, surfing and zip-lining through lush hilltops isn’t your thing, Costa Rica is also home to cities tailor-made for an escape, from San Jose to Puerto Viego. While there’s something for everyone in Costa Rica, the natural beauty and jungle life definitely come first place.

Bhutan

It’s been a couple of years now that people have been talking about Bhutan and for good reason. The country proudly boasts a nearly untouched natural landscape that will stun even the most well-travelled among us. Already the world’s only carbon-negative country, taking a breath of fresh air means something entirely different in Bhutan.

Nestled tightly in the Himalayas, you’ll find plenty of mountain trails capable of delivering you some awe-inspiring views in Bhutan, like those of Paro Taktsang – also known as Tiger Nest – it’s an iconic sacred Buddhist monastery that sits cliffside. There’s also the chance to see ornate palaces from as far back as the 17th century and national parks that are home to rare and exotic wildlife like the Himalayan black bear and red panda.

If you’re hoping to make 2020 the year for some spiritual respite, a visit to the world’s real-life Shangri-La is in order. 

Ireland

Easily enjoyed in under a week, the Emerald Isle is full of pursuits that balance adventure, nature and history with ease. 

The only road trip you’ll need for 2020 is along the Wild Atlantic Way, a 2,500-kilometer route that you can tackle in parts during your first visit. Embrace the elements along this sprawling route and enjoy discovering small-town life, coastal landscapes and secluded beaches across the country.

The sooner you visit, the faster you can start conquering your resolutions. Just make sure your trip itinerary includes a stop at the Blarney Castle where the famed Blarney Stone is located. As the legend goes, those who hang upside down and lay their lips on the stone is bestowed the gift of gab, which will help to ensure you get everything you want and more out of 2020.

Argentina

Home to one of the world’s most impressive networks of waterfalls, Argentina is teeming with extraordinary natural wonders that put travellers in the centre of it all. For example, visitors to the Argentina side of Iguazu Falls can enjoy kilometres of trails that will take you in and out of lush forests and within arm’s reach of the waterfalls themselves. If you’re in search of something a little cooler, then Glaciar Perito Moreno will not disappoint. You can witness the soaring beauty of this glacier in Los Glaciares National Park. And thanks to the park’s extended network of steel catwalks and platforms, Perito Moreno is one of the world’s most impressive and accessible glaciers.

You want a city escape with fiery music, and experimental takes on classic dishes, Buenos Aires, the country’s capital, is an essential stop on your 2020 adventures. Argentinians know their way around beef, and their steaks will wow your tastebuds. You can end your night in Buenos Aires by visiting a tango bar and working off your dinner in a flurry of dance moves taught to you by local experts.

Looking to include world-class wine? Just head to Mendoza (Argentina’s wine country). You can learn how the grapes are grown and cared for in the thick of it all. We promise once you’re walking alongside the farmers, hearing their stories firsthand, a glass of Malbec will taste all the more satisfying.

 

 

Want to learn about other potential travel destinations? Visit Tourradar.com for more opportunities!

 

Leave a comment

TOP COACH

No matter how experienced, every real estate professional can benefit from training, and Tom Ferry is the gold standard in the industry.

Photo courtesy of Tom Ferry

Tom Ferry888.866.3377 • www.tomferry.com

Tiger Woods never stopped relying on a coach, and the most successful professionals in any field recognize the value of consistent training. Over the last decade, real estate has become such a dynamic, rapidly evolving industry that most agents are too busy chasing deals to capitalize on new trends and techniques that can make them more successful.

Tom Ferry, founder and CEO of Ferry International, specializes in coaching and training real estate agents through one-on-one counseling, experiential training events and online productivity products. Explaining that his specialty of motivating people is literally in his DNA, Ferry reports, “Most people were raised on milk and cookies. I was raised on Zig Ziglar, Brian Tracy and my dad, Mike Ferry.” At 18 the younger Ferry joined the family business, learning everything from the ground up.

Acclaimed as charismatic and inspirational, Tom Ferry denies being naturally gifted, commenting, “When I first started out as a presenter, I was horrible.” He jests, “When somebody comes up to me and says, ‘I saw you back in ’93,’ I want to tell them ‘Oh, I’m sorry … I should probably give you a refund.’” Trained by renowned speech coach Ron Arden, Ferry developed his current style, reinforcing his belief that any skill can be taught. “There are no bad audiences, only unprepared presenters,” says Ferry, who enjoys both individual sessions and conference centers packed with 6,000 clients.

In his 30 years as a leading real estate coach, Ferry has perfected sales skills, marketing systems and team-building techniques that help agents not only succeed but dominate their markets. Ferry and his team have coached more than 30,000 agents, holding them accountable to fulfilling their greatness. “Today the key to any successful business is trust, and I help my clients scale trust,” states Ferry, who reports the best agents are keenly aware that closing deals and building a client base both depend on trust.

Insisting organizations sustain themselves through innovation, Ferry believes business professionals should reinvent themselves every 18 to 24 months. “At my large events, I deliver 20 to 100 strategies, techniques and marketing campaigns, but you need to pick the three that are right for you, your market and your maturity as a businessperson,” says Ferry. In his list of “superpowers” of successful real estate agents — items like effective negotiation, marketing and business development are naturally among them — the primary superpower is empathy, a quality that builds trust and relationships.

Addressing organizational philosophy, Ferry states, “Team leaders need to have the ability to transfer skills to maintain the continuity of the client experience.” He adds for emphasis, “I would never

invest in a company whose CEO had the attitude, ‘Nobody can do it better than me,’ because that’s a non-scalable business.” All of Ferry’s work is built on the premise: “The consumer deserves a higher quality real estate agent and experience.” 

The Orange County, California-based Ferry enjoys investing in a wide range of companies, from technology to spirits, and sits on the board of directors of Miracles for Kids, a non-profit serving families with critically ill children. And while he enjoys golf, the coach admits to a healthy obsession with business, believing every person should identify his or her natural skills and pursue them with intensity.

“I want to coach, create, connect, and contribute,” says Tom Ferry, who is uniquely qualified to teach you to maximize your own skills and passions.

THIS ARTICLE ORIGINALLY APPEARED IN THE GLOBAL 2019 ISSUE OF UNIQUE HOMES. TO SEE THE DIGITAL VERSION OF THIS STORY, CLICK HERE.

Leave a comment

America’s Most Expensive Homes
Alabama Real Estate | Alaska Real Estate | Arizona Real Estate | Arkansas Real Estate | California Real Estate | Colorado Real Estate
 
Connecticut Real Estate | Delaware Real Estate | Florida Real Estate | Georgia Real Estate | Hawaii Real Estate | Idaho Real Estate
 
Illinois Real Estate | Indiana Real Estate | Iowa Real Estate | Kansas Real Estate | Kentucky Real Estate | Louisiana Real Estate
 
Maine Real Estate | Maryland Real Estate | Massachusetts Real Estate | Michigan Real Estate | Minnesota Real Estate | Mississippi Real Estate
 
Missouri Real Estate | Montana Real Estate | Nebraska Real Estate | Nevada Real Estate | New Hampshire Real Estate | New Jersey Real Estate
 
New Mexico Real Estate | New York Real Estate | North Carolina Real Estate | North Dakota Real Estate | Ohio Real Estate | Oklahoma Real Estate
 
Oregon Real Estate | Pennsylvania Real Estate | Rhode Island Real Estate | South Carolina Real Estate | South Dakota Real Estate | Tennessee Real Estate
 
Texas Real Estate | Utah Real Estate | Vermont Real Estate | Virginia Real Estate | Washington Real Estate | West Virginia Real Estate
 
Wisconsin Real Estate | Wyoming Real Estate

Style Selector
Select the layout
Choose the theme
Preset colors
No Preset
Select the pattern