Totaling $102 million in sales, the first new residential community on Lake Tahoe in 30 years nears Phase 1 sell out pre-construction — setting a record-breaking sales pace for Lake Tahoe real estate projects.
Saying goodbye to bright colors, bold patterns and traditional island-style design, homebuyers are beginning to revive the trend of tropical modernism.
More than 25 percent of the U.S. properties listed for $25 million or more are in California, according to the 13th annual edition of Ultimate Homes. The 14th will be out in May, and is likely to show the same result. As a nod to The Golden State’s real estate swagger, we wanted to dedicate a portion of our annual winter waterfront issue to the Cali Coast. From an $85 million manse on a landmark Malibu site to a near-new Santa Barbara estate on almost 5 acres, enjoy our presentation of the 101 most expensive California coastal homes currently for sale.
Inventories, demand, new construction, urban renewal, untapped potential and changing business opportunities. All of this and much more vary greatly from region to region, market to market, and submarket to submarket. We took it all into account as we determined which 18 places most warrant keeping an eye on in 2018.
Virtually the entire Florida peninsula was ravaged by Hurricane Irma last September, but the resilient Sunshine State — even Key West, which suffered the devastating storm’s direct assault — has rebounded. Builders may employ new technologies to brace oceanfront properties from future storms, but coastal Florida is far too magical to dampen enthusiasm for new development. Undeterred by Irma is a Floridian renaissance that still has the wind at its back.
Business magnate T. Boone Pickens’ 65,000-acre Mesa Vista Ranch in Texas is listed for $250 million.
New figures indicate that British and American buyers lead the search when it comes to purchasing vineyards, specifically in France. “Demand for vineyards has never dropped — quite the opposite,” says Annick Dauchy, property business development manager for FrenchEntrée, an online purchasing buying guide for French properties.
Supreme Auctions provides an alternative marketing strategy for sellers of luxury real estate. The Scottsdale, Arizona-based firm’s President, Jennie Heal, explains, “We saw an opportunity to provide owners the ability to sell their property in a more expedited manner and many times for far more money than traditional real estate can bring.” She reports the process has been embraced by sellers, listing agents and buyers.
To say that the location of The Residences at The Ritz-Carlton, Philadelphia, is its greatest asset, is not to diminish the magnificence of the homes themselves, or the friendly services, elegant amenities and unparalleled lifestyle. It is to simply say that life at these residences provides owners with unbeatable views, enviable access and a unique experience impossible anywhere else.
Dreams of a tropical sanctuary are realized in the home featured on our cover — a beachfront estate at The Abaco Club, a 500-acre private enclave in the Bahamas.
